R&D investment and future firm performance: The role of managerial overconfidence and government ownership
Date
2020-10-01
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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.
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Citation
Tebourbi, I., Ting, I. W. K., Le, H. T. M., & Kweh, Q. L. (2020). R&D investment and future firm performance: The role of managerial overconfidence and government ownership. Managerial and Decision Economics, 41(7), 1269-1281. https://doi.org/10.1002/mde.3173