Relationships between Institutional Ownership, Capital Structure and Research and Development Investment

Research and development (R&D) is vital for an information technology (IT) firm's innovation. This study investigates the relationship among institutional ownership, capital structure, and research and development investment for 336 listed information technology firms from 2006 to 2009. Empirical evidence shows that there is no significant relationship between institutional ownership and research and development investment. The finding suggests that institutional investors may not influence management decision making on research and development investment. This study also finds that capital structure has a negative relationship with research and development investment. The result indicates that information technology firms may use less debt when the investment outcome is uncertain

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Year of publication:	2016
Authors:	Hsu, Hsueh-En
Other Persons:	Venezia, Chiulien (contributor) ; Schrader, Chelsea (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Kapitalstruktur \| Capital structure \| Institutioneller Investor \| Institutional investor \| Industrieforschung \| Industrial research \| Eigentümerstruktur \| Ownership structure

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Extent:	1 Online-Ressource (8 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Accounting & Taxation, v. 7 (2) p. 75-82 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2015 erstellt
Classification:	M40 - Accounting and Auditing. General ; M49 - Accounting and Auditing. Other
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013003364