Abstract: By using the data of A-share listed companies from 2009-2014 which reveal continuous R&D investment, this paper studies the relationship among the managerial power, internal control and R&D investment. It is found that: 1. The managerial power has a significant positive correlation with R&D investment. Especially, the ratio of executives’ ownership has an inverse U-correlation with the R&D investment; 2. Compared to the non-state-owned enterprises, state-owned corporate executives has stronger affect to R&D investment; 3. The quality of company’s internal control will affect the correlation between managerial power and R&D investment; This article puts eyes inside the enterprise environment, especially the factor of "man", it provides technical support and scientific basis for enhancing the core competitiveness of Chinese listed companies, accelerating enterprise technological innovation and promoting industrial upgrading and transformation.
Keywords: Managerial Power, Internal Control, R&D Investment of Enterprises.
Title: Research on Managerial Power, Internal Control and Enterprise’s R&D Investment
Author: Guan Yunxin
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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