Ownership Structure and Corporate Innovation in Sweden
(2016) EKHM51 20161Department 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:
http://lup.lub.lu.se/student-papers/record/8888357
- author
- Jorgensen, Ben LU
- supervisor
- organization
- course
- EKHM51 20161
- year
- 2016
- 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}}, language = {{eng}}, note = {{Student Paper}}, title = {{Ownership Structure and Corporate Innovation in Sweden}}, year = {{2016}}, }