Ownership structures and R&D investments of US and Japanese firms: Agency and stewardship perspectives

PM Lee, HM O'neill - Academy of management Journal, 2003 - journals.aom.org
This study analyzes the impact of ownership structure on R&D investments in the United
States and Japan. It begins with the premise that US and Japanese firms have distinct …

Dividends, asymmetric information, and agency conflicts: Evidence from a comparison of the dividend policies of Japanese and US firms

KL Dewenter, VA Warther - The journal of finance, 1998 - Wiley Online Library
We compare dividend policies of US and Japanese firms, partitioning the Japanese data
into keiretsu, independent, and hybrid firms. We examine the correlation between dividend …

Do institutional investors exacerbate managerial myopia?

S Wahal, JJ McConnell - Journal of corporate Finance, 2000 - Elsevier
This study analyzes corporate expenditures for property, plant and equipment (PP&E), and
research and development (R&D) for over 2500 US firms from 1988 to 1994. We find no …

Does financial structure matter for economic growth? A corporate finance perspective

R Stulz - 2001 - direct.mit.edu
This chapter examines how the organization of® nancial activities within a country affects
economic growth through its impact on how corporations raise and manage funds. In …

Financial structure, corporate finance and economic growth

RM Stulz - International Review of Finance, 2000 - Wiley Online Library
This paper examines how a country's financial structure affects economic growth through its
impact on how corporations raise and manage funds. We define a country's financial …

Institutional framework, corporate ownership structure, and R&D investment: an international analysis

FJ Lopez Iturriaga, EJ López‐Millán - R&D Management, 2017 - Wiley Online Library
We combine agency theory with the law and finance approach to analyze how the legal
protection of investors and the corporate ownership structure affect corporate investment in …

[PDF][PDF] Introduction: The diversity and change of corporate governance in Japan

G Jackson, H Miyajima - Corporate governance in Japan …, 2007 - disciplinas.stoa.usp.br
This book addresses the evolving patterns of corporate governance among Japanese
corporations since the early-1990s. Since the collapse of the so-called Bubble economy, the …

ESG Performance and Ownership Structure on Cost of Capital and Research & Development Investment

AP Lutfiani, R Hidayah - Fokus Bisnis …, 2022 - jurnal.universitasputrabangsa.ac.id
This study aims to determine the effect of ESG performance, institutional ownership, insider
ownership, block holder ownership, and foreign ownership on the cost of capital and …

Corporate governance and research and development: evidence from Japan

K Hosono, M Tomiyama, T Miyagawa - Economics of Innovation …, 2004 - Taylor & Francis
This paper investigates the effects of the ownership structure on the R&D intensity. Using the
Japanese machine-manufacturing firm data from 1987 till 1998, we first found that the effects …

A comparison of ownership structures and innovations of US and Japanese firms

PM Lee - Managerial and Decision Economics, 2005 - Wiley Online Library
This study analyzes the impact of ownership structure on innovation in the US and Japan.
Agency theory is used to develop links between the distinct patterns of ownership in the US …