OWNERSHIP STRUCTURE AND R&D ORIENTATION IN ICT GROUPS

被引：8

作者：

Bogliacino, Francesco ^{[1
]}

De Prato, Giuditta ^{[2
]}

Nepelski, Daniel ^{[2
]}

机构：

[1] Konrad Lorenz Univ Fdn, Sch Business, Bogota, Colombia

[2] European Commiss, JRC IPTS, Seville, Spain

来源：

EURASIAN BUSINESS REVIEW | 2013年 / 3卷 / 02期

关键词：

R&D; ICT; Ownership Structure;

D O I：

10.14208/ebr.2013.03.02.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we use the subset of ICT companies from the European R&D Investment Scoreboard to test the effect of change in the shareholders structure on the business orientation towards R&D. A change in one of the control participation for the business group is associated with a deepening of the R&D orientation. The effect is twice as large if the shareholder is a public institution or a risk-oriented financial institution. In the estimation, we address the role of heterogeneity by allowing for fat tails and asymmetry.

引用

页码：164 / 178

页数：15

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