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Ownership Structure and Corporate Innovation in Sweden

Jorgensen, Ben LU (2016) EKHM51 20161
Department of Economic History
Abstract
Innovation has become increasingly important for the performance of
firms and nations. At the same time, financial markets have come to exert a
great deal of influence over resource allocation in publically traded firms. A
significant body of evidence suggests that certain actors exert pressure on
corporate managers to maximize short term financial results at the expense of
investments in long term value creation, such as R&D. This paper will
investigate the influence of ownership structure on the innovative output of
Swedish firms using a sample of approximately 120 OMX-listed firms over the
time period 1985-2005. Estimations are performed in GLS and PPML. The
findings suggest that ownership structure does not influence... (More)
Innovation has become increasingly important for the performance of
firms and nations. At the same time, financial markets have come to exert a
great deal of influence over resource allocation in publically traded firms. A
significant body of evidence suggests that certain actors exert pressure on
corporate managers to maximize short term financial results at the expense of
investments in long term value creation, such as R&D. This paper will
investigate the influence of ownership structure on the innovative output of
Swedish firms using a sample of approximately 120 OMX-listed firms over the
time period 1985-2005. Estimations are performed in GLS and PPML. The
findings suggest that ownership structure does not influence innovation in
publically traded firms. (Less)
Please use this url to cite or link to this publication:
author
Jorgensen, Ben LU
supervisor
organization
course
EKHM51 20161
year
type
H1 - Master's Degree (One Year)
subject
keywords
Family firms, innovation, Corporate governance, finance & innovation
language
English
id
8888357
date added to LUP
2016-11-28 11:13:25
date last changed
2016-11-28 11:13:25
@misc{8888357,
  abstract     = {Innovation has become increasingly important for the performance of
firms and nations. At the same time, financial markets have come to exert a
great deal of influence over resource allocation in publically traded firms. A
significant body of evidence suggests that certain actors exert pressure on
corporate managers to maximize short term financial results at the expense of
investments in long term value creation, such as R&D. This paper will
investigate the influence of ownership structure on the innovative output of
Swedish firms using a sample of approximately 120 OMX-listed firms over the
time period 1985-2005. Estimations are performed in GLS and PPML. The
findings suggest that ownership structure does not influence innovation in
publically traded firms.},
  author       = {Jorgensen, Ben},
  keyword      = {Family firms,innovation,Corporate governance,finance & innovation},
  language     = {eng},
  note         = {Student Paper},
  title        = {Ownership Structure and Corporate Innovation in Sweden},
  year         = {2016},
}