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[Seminar] 財金系 4/14 (五) 上午 10:30 邀請元智大學的黃嘉威教授演講
活動起日:2017-04-07 
發佈日期:2017-04-07 
瀏覽數:248  2017-04-07 更新

本系擬於 4/14 () 邀請元智大學的黃嘉威教授至本所進行專題演講,相關訊息如下:

 

【演講訊息】

時間: 4/14 () 10:30-12:00

地點: 管理學院一號館 405 教室

講者: 黃嘉威教授

講題: Peer Effects in Corporate Innovation

 

Abstract:

I use compensation peer groups to measure peer effects in corporate innovation. This approach can mitigate the noise definition of firms’ peer groups and the difficulty of identifying leader-follower link suggested by prior research. The results indicate that R&D expenditures of peer groups can incentivize disclosing firms to invest more R&D expenditures and generate greater patent counts and citations. This peer effect is more important for corporate innovation determination than most previously identified determinants. The results also suggest that corporate innovation investments are responses to R&D decisions and, to a lesser extent, the pay design of compensation peer groups.