Myopic Investment Behavior and Corporate Governance Structure in Japanese Firms: Research and Development Investment Behavior
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- Kimura Fumihiko
- Nagoya University of Commerce & Business Administration
Bibliographic Information
- Other Title
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- 経営者の近視眼的投資行動と企業のガバナンス構造―研究開発投資水準の決定をめぐって―
- ケイエイシャ ノ キンシガンテキ トウシ コウドウ ト キギョウ ノ ガバナンス コウゾウ ケンキュウ カイハツ トウシ スイジュン ノ ケッテイ オ メグッテ
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Description
<p>The purpose of this paper is to investigate the relationship between managerial myopic research and development (R & D) investment behavior and corporate governance structure in Japanese firms. I find that: (1) debt ratio is positively associated with the possibility of managerial myopic R & D investment behavior, (2) stable stockholders ownership tend to prevent managers from cutting R & D investment in order to meet target earnings. But the relationship between managerial myopic R & D investment behavior and corporate governance structure are changed in recent years.</p>
Journal
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- The Journal of Management Accounting, Japan
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The Journal of Management Accounting, Japan 11 (1), 43-55, 2003-06-20
The Japanese Association of Management Accounting
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Keywords
Details 詳細情報について
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- CRID
- 1390564238095390464
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- NII Article ID
- 110007629466
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- NII Book ID
- AN10538994
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- ISSN
- 24340529
- 09187863
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- NDL BIB ID
- 7847921
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- Text Lang
- ja
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- Data Source
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- JaLC
- NDL
- NDL-Digital
- CiNii Articles
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- Abstract License Flag
- Disallowed