Education, Science, Technology, Innovation and Life
Open Access
Sign In

An Empirical Study on the Impact of Executive Shareholdings on GEM Listed Companies on R & D Investment

Download as PDF

DOI: 10.23977/jrw.2020.010101 | Downloads: 8 | Views: 1973

Author(s)

Peng Wang 1

Affiliation(s)

1 School of Economics and Management, Dalian University, No.10, Xuefu Avenue, Economic & Technical Development Zone, Dalian, Liaoning, The People's Republic of China (PRC)

Corresponding Author

Peng Wang

ABSTRACT

This article selects companies listed on GEM between 2010 and 2018 as the research object, and obtains 2,200 samples after screening. This paper puts forward research hypotheses on the basis of sorting out relevant literature and classical theoretical analysis. After empirical testing, the following conclusions are drawn: (1) The higher the company's executive shareholding ratio, the more it can promote the company's R & D investment; (2) High, it will inhibit companies from investing in R & D; (3) The higher the company's equity deviation, the higher the proportion of independent directors, and the combination of the chairman and general manager can promote R & D activities. According to the conclusions of the study, this article starts with optimizing executive incentives, equity structure and corporate governance mechanisms, and puts forward corresponding suggestions to promote the company's R & D investment level and achieve long-term healthy development of the GEM market.

KEYWORDS

Executive holdings; R & D investment; GEM; regression model

CITE THIS PAPER

Peng Wang. An Empirical Study on the Impact of Executive Shareholdings on GEM Listed Companies on R & D Investment. Journal of Radio and Wireless (2020) 1: 1-4. DOI: http://dx.doi.org/10.23977/jrw.2020.010101.

REFERENCES

[1] Zhu, W.D. (2019) Research on relationship between government innovation funding and firms value creation using clustering-rough sets, Kybernetes, 2, 928-956
[2] Li, M. (2017) When will firms share information and collaborate to achieve innovation? A review of collaboration strategie, The Bottom Line, 8, 18-36.
[3] Arbix, G. (2010) Structural change and the emergence of the Brazilian MNEs, International Journal of Emerging Markets, 6, 88-102.
[4] Smith, N. (2014) Multi-National Firms, Corruption and Innovation in Russia, Multinational Enterprises, Markets and Institutional Diversity, 6, 38-52.

All published work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright © 2016 - 2031 Clausius Scientific Press Inc. All Rights Reserved.