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A Peer-reviewed scientific articles/A1 Journal article (refereed), original research
      
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Effects of corporate and country governance on R&D investment: Evidence from emerging markets, Singapore Economic Review 1 (2015). Hasan, Iftekhar; Raymar, Steven; Song, Liang


Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
All authors as text Hasan, Iftekhar; Raymar, Steven; Song, Liang 
Number of authors
Status Published
Year of publication 2015 
Date 26.02.2015 
Name of article Effects of corporate and country governance on R&D investment: Evidence from emerging markets 
Name of journal Singapore Economic Review
Volume of issue 60 
Number of issue
Abstract We investigate how corporate governance influences R&D across 13 emerging markets. We find that superior corporate governance increases corporate R&D spending. These results suggest that corporate governance may influence management's discretion to avoid risky innovative projects. We also find that the link between firm-level governance and corporate R&D is stronger in countries with weaker country-level governance. These results suggest substitutability between firm and country governance in generating innovation activities.
Free text descriptor in English Corporate governance; emerging market; innovation 
JEL-codes G15; G24; G38 
ISSN / e-ISSN 0217-5908 
auki Internet addresses
Additional information Published: 26 February 2015
Open Access Not open