Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 박소라 | * |
dc.date.accessioned | 2020-12-03T16:30:15Z | - |
dc.date.available | 2020-12-03T16:30:15Z | - |
dc.date.issued | 2020 | * |
dc.identifier.issn | 2071-1050 | * |
dc.identifier.other | OAK-28223 | * |
dc.identifier.uri | https://dspace.ewha.ac.kr/handle/2015.oak/255567 | - |
dc.description.abstract | This paper examines the effects of ownership by foreign and domestic institutional investors on corporate sustainability by focusing on the level of research and development (R&D) investment. Long-term investment in R&D is crucial for companies that seek to generate sustainable growth. Ordinary least-squares regression is performed on a sample of Korean listed companies. The main test with both foreign and domestic institutional ownership is based on a study period from 2001 to 2004. The results indicate that firms with higher levels of foreign institutional ownership exhibit greater levels of corporate R&D activities, while the ownership by domestic institutions has no significant influence on firms’ R&D investment. An additional test with foreign institutional ownership data is based on an extended study period from 2001 to 2014, and shows that foreign institutional ownership is positively related to firms’ R&D investment. This result survives the two-stage instrumental variable approach used to address endogeneity factors in foreign institutional ownership. Taken together, these findings suggest that foreign institutions can effectively monitor managerial myopia and promote corporate innovations. © 2020 by the authors. Licensee MDPI, Basel, Switzerland. | * |
dc.language | English | * |
dc.publisher | MDPI AG | * |
dc.subject | Domestic institutions | * |
dc.subject | Foreign institutions | * |
dc.subject | Innovation | * |
dc.subject | Institutional investors | * |
dc.subject | R&D | * |
dc.subject | Sustainability | * |
dc.title | Role of foreign and domestic institutional investors in corporate sustainability: Focusing on r&d investment | * |
dc.type | Article | * |
dc.relation.issue | 20 | * |
dc.relation.volume | 12 | * |
dc.relation.index | SCIE | * |
dc.relation.index | SSCI | * |
dc.relation.index | SCOPUS | * |
dc.relation.startpage | 1 | * |
dc.relation.lastpage | 13 | * |
dc.relation.journaltitle | Sustainability (Switzerland) | * |
dc.identifier.doi | 10.3390/su12208754 | * |
dc.identifier.wosid | WOS:000583071800001 | * |
dc.identifier.scopusid | 2-s2.0-85093867731 | * |
dc.author.google | Shin I. | * |
dc.author.google | Park S. | * |
dc.contributor.scopusid | 박소라(56230953700) | * |
dc.date.modifydate | 20240220115214 | * |