Add to ORKGThis study examines the relationship between ownership structures in large European companies and their innovative activity in terms of R&D spending. The analysis is performed on a sample of 324 large innovative companies over 8 years. Contrary to the view that institutional investors can have a negative influence on R&D spending, we report a positive impact of these investors. Our study also tests the impact of "impatient" institutional investors and provides evidence of their negative influence on R&D spending. Copyright 2013 The Author 2013. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press
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This paper builds on agency and institutional theory to extend the analysis of the effects of owners...
This paper tests the impact of firms' ownership structure on innovation in a context featuring prono...
This study examines the relationship between ownership structures in large European companies and th...
PurposeThis paper tests for a positive, a negative and a nonlinear relationship between the share of...
This paper tests the impact of firms' ownership structure on firms' innovation decisions using a ric...
The objective of this study is to explore the relationship between research and development outlays ...
In this paper we analyze the impact of corporate governance structures on innovation. Moving beyond ...
In this paper we provide preliminary empirical evidence on the relationship between corporate owners...
This paper tests the impact of firms’ ownership structure on firms’ innovation decisions using a ri...
This paper builds on agency and institutional theory to extend the analysis of the effects of owners...
Using data from 3,638 Spanish firms between 1996 and 2000, this article studies the relationship bet...
none3In this paper we theoretically develop and empirically test the influence of institutional inve...
This paper examines the stock market reaction to research and development (R&D) announcements ma...
This paper builds on agency and institutional theory to extend the analysis of the effects of owners...
This paper tests the impact of firms' ownership structure on innovation in a context featuring prono...
This study examines the relationship between ownership structures in large European companies and th...
PurposeThis paper tests for a positive, a negative and a nonlinear relationship between the share of...
This paper tests the impact of firms' ownership structure on firms' innovation decisions using a ric...
The objective of this study is to explore the relationship between research and development outlays ...
In this paper we analyze the impact of corporate governance structures on innovation. Moving beyond ...
In this paper we provide preliminary empirical evidence on the relationship between corporate owners...
This paper tests the impact of firms’ ownership structure on firms’ innovation decisions using a ri...
This paper builds on agency and institutional theory to extend the analysis of the effects of owners...
Using data from 3,638 Spanish firms between 1996 and 2000, this article studies the relationship bet...
none3In this paper we theoretically develop and empirically test the influence of institutional inve...
This paper examines the stock market reaction to research and development (R&D) announcements ma...
This paper builds on agency and institutional theory to extend the analysis of the effects of owners...
This paper tests the impact of firms' ownership structure on innovation in a context featuring prono...