R&D investment and future firm performance: The role of managerial overconfidence and government ownership
John Wiley and Sons Ltd
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.
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
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