ArticleOpen Access http://dx.doi.org/10.26855/jhass.2023.09.021
Empirical Study on Managerial Shareholding, R&D Investment, and Enterprise Value
Jian Lin
1Fuzhou University of International Studies and Trade, Fuzhou, Fujian, China.
2Jose Rizal University, Mandaluyong, Philippines.
*Corresponding author: Jian Lin
Published: October 25,2023
Abstract
With a deeper understanding of innovation by the state and enterprises, the expenditure on R&D activities has increased yearly, and unprecedented gains have been made in high-tech and new products. However, the development of enterprises cannot be separated from the participation of managers. Equity incentives for managers under the principal-agent relationship can reduce agency costs and encourage managers to actively carry out R&D activities, enhance their R&D capabilities, and promote their economic growth. Therefore, this paper makes an empirical study on the relationship between managerial ownership, R&D investment, and enterprise value of manufacturing enterprises, quantifies them, and selects the data from 2010-2020 in Guotai'an database to calculate and verify the relationship between managerial ownership, R&D investment and enterprise value. It is hoped that this research result can provide some effective reference value for related enterprises when they implement equity incentives for management or carry out R&D activities.
Keywords
Management shareholding, R&D investment, enterprise value
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How to cite this paper
Empirical Study on Managerial Shareholding, R&D Investment, and Enterprise Value
How to cite this paper: Jian Lin. (2023) Empirical Study on Managerial Shareholding, R&D Investment, and Enterprise Value. Journal of Humanities, Arts and Social Science, 7(9), 1815-1821.
DOI: http://dx.doi.org/10.26855/jhass.2023.09.021