Delegation, Ownership Concentration and R&D Spending: Evidence From Italy

We use data from the Italian manufacturing industry to document a positive correlation between delegation and R&D. This result is robust to controlling for the determinants of R&D such as human capital, capital intensity and sectoral or regional effects. We further investigate the determinan...

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Veröffentlicht in:	The Journal of Industrial Economics 2013-03, Vol.61 (1), p.84-107
Hauptverfasser:	Kastl, Jakub, Martimort, David, Piccolo, Salvatore
Format:	Artikel
Sprache:	eng
Schlagworte:	Business ownership Capital Correlation analysis Decision analysis Delegation Economics and Finance Human capital Humanities and Social Sciences Industry Italy Manufacturing Research & development expenditures Studies
Online-Zugang:	Volltext
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