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Research and Development, Cash Flow, Agency and Governance: UK large companies

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.

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Abstract

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.

Item Type: Articles
SOAS Departments & Centres: Faculty of Law and Social Sciences > Department of Financial and Management Studies
ISSN: 00487333
DOI (Digital Object Identifier): 10.1016/j.respol.2012.04.003
Depositing User: Ciaran Driver
Date Deposited: 27 Apr 2012 13:38
URI: http://eprints.soas.ac.uk/id/eprint/13578

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