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RD Expenditure and Corporate Governance in China:Mechanism Patterns, Investment Financing and Empirical Analysis

机译:中国研发支出与公司治理:机制模式,投资融资与实证分析

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The aim of the paper is to examine the relationship between corporate governance and R&D expenditure of firm-level in China. It also analyzes the mechanisms of corporate governance's impact on R&D investments. On the basis of the former research in the field of corporate governance and R&D investments, the paper explains three aspects of corporate governance and investment financing of R&D: the nature of the principle, the extent of ownership and control, and characteristic of the board. The paper proposes three hypotheses and analyzes the possible pathway corporate governance works on R&D investment. In order to test the hypotheses above, we set up the statistical to do the empirical analysis and get related results. And we conclude some useful implications for future corporation's performance and policy.
机译:本文旨在研究中国公司治理与公司研发支出之间的关系。它还分析了公司治理对研发投资的影响机制。在对公司治理和R&D投资领域的研究的基础上,本文解释了公司治理和R&D的投资融资的三个方面:原则的性质,所有权和控制的程度以及董事会的特征。本文提出了三个假设,并分析了公司治理工作对研发投资的可能途径。为了检验上述假设,我们建立了统计数据进行实证分析并得到相关结果。我们得出结论,对未来公司的业绩和政策有一些有益的启示。

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