R&D investment and future firm performance: The role of managerial overconfidence and government ownership

Date
2020
Authors
Tebourbi, Imen
Ting, Irene Wei Kiong
Le, Hanh Thi My
Kweh, Qian Long
Journal Title
Journal ISSN
Volume Title
Publisher
John Wiley and Sons Ltd
Abstract
We investigate the relationship among managerial overconfidence (MO), government ownership, and research and development (R&D) investment using data from Vietnamese public companies for the period 2007–2016. We also investigate how R&D investment, given MO and government ownership, affect future firm performance. Our results indicate that MO and government ownership are positively related to R&D investment. Conceptually, this study investigates novel factors affecting of R&D investment and their role in improving firm performance. Overall, this study emphasizes the importance of R&D investment in the corporate world, improving firm performance and, ultimately, economic prosperity. © 2020 John Wiley & Sons, Ltd.
Description
This article is not available at CUD collection. The version of scholarly record of this Article is published in Managerial and Decision Economics (2020), available online at: https://doi.org/10.1002/mde.3173
Keywords
Citation
Tebourbi, I, Ting, IWK, Le, HTM, Kweh, QL. (2020). R&D investment and future firm performance: The role of managerial overconfidence and government ownership. Managerial Decision and Economics. 2020, 1– 13. https://doi.org/10.1002/mde.3173