Concepedia

The Influence of Institutional Investors on Myopic R&D Investment Behavior

SSRN Electronic Journal · 1998 · 3.2K citations · 27 references

Open access

Concepts

BusinessFinanceAgency TheoryCorporate FinanceInvestment ManagementInstitutional EnvironmentInstitutional StrategyInvestmentInvestment IncentivesInvestment PolicyInstitutional Determinants Of InvestmentInstitutional Investment StrategyInstitutional Investor ResponseR And D Incentives

Abstract

This paper examines whether institutional investors create or reduce incentives for corporate managers to reduce investment in research and development (RD otherwise, institutional ownership serves to reduce pressures on managers for myopic investment behavior.

References

27

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Business, Economics, Finance +17

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