Driver, Ciaran and Guedes, Maria João Coelho Guedes (2012) 'Research and Development, Cash Flow, Agency and Governance: UK large companies.' Research Policy, 41 (9). pp. 1565-1577.
Download (1MB) | Preview
This paper investigates the determinants of R&D expenditure using a sample of UK listed companies with the highest spend from 2000 to 2005. We investigate the effect of corporate governance and ownership on R&D, using panel data. The results provide evidence that more governance tends to depress R&D activity.
|SOAS Departments & Centres:||Faculty of Law and Social Sciences > School of Finance and Management|
|DOI (Digital Object Identifier):||10.1016/j.respol.2012.04.003|
|Depositing User:||Ciaran Driver|
|Date Deposited:||27 Apr 2012 13:38|
Accesses by country - last 12 months
Accesses by referrer - last 12 months