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

19983,225 citationsJournal Articlegreen Open Access

Authors

Brian J. Bushee · University of Pennsylvania

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.

Topics & Keywords

Corporate Finance and Governance Financial Markets and Investment Strategies Private Equity and Venture Capital

UN Sustainable Development Goals

Industry, innovation and infrastructure

Publication Details

Published in: SSRN Electronic Journal

Volume 73, Issue 3, pp. 305-333

Field-Weighted Citation Impact: 32.96