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

Tebourbi, Imen and Irene, Wei Kiong Ting and Le, Hanh Thi My and Qian, Long Kweh (2020) R&D investment and future firm performance: The role of managerial overconfidence and government ownership. Management Decision and Economics. pp. 1-13. ISSN 1099-1468 (In Press)

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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.

Item Type: Article
Uncontrolled Keywords: managerial overconfidence (MO); government ownership; research and development (R&D) investment
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Faculty/Division: Faculty of Industrial Management
Depositing User: Noorul Farina Arifin
Date Deposited: 02 Jun 2020 03:47
Last Modified: 02 Jun 2020 03:47
URI: http://umpir.ump.edu.my/id/eprint/28371
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