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http://dx.doi.org/10.15207/JKCS.2019.10.11.367

R&D Investment and Corporate Governance Systems for the Performance of Chinese Firms  

Yoo, Jaewook (College of Business Administration, Konkuk University)
Publication Information
Journal of the Korea Convergence Society / v.10, no.11, 2019 , pp. 367-374 More about this Journal
Abstract
This study aims to examine the impact of corporate governance systems on the relationship between R&D investment and the performance of Chinese firms. The sample firms were obtained from the statistical yearbook of Chinese high-tech firms. We implement a multiple-regression analysis for an empirical examination. The findings of showed that the separation of the board chair with CEO strengthen the R&D investment-performance relationship of Chinese firms. However, the outsider ratio of the board was found to negatively moderate that relationship. This study provides practical guidelines for Chinese firms undertaking R&D management and corporate governance systems. It also encourages future study on the effects of corporate governance as the means for R&D investment management.
Keywords
R&D management; Agency theory; Corporate governance system; Chinese firms;
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Times Cited By KSCI : 5  (Citation Analysis)
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