Document Type
Master's Culminating Experience
Publication Date
2008
Abstract
This study analyzes the influence exerted by CEO characteristics (specifically, CEO stockholding percentages and CEO age) on research and development (R&D) expenditures in large American corporations over the twenty year period from 1986 to 2005. Using the Herfindahl-Hirschman Index (HHI) to measure market share concentrations, and making specific reference to two Schumpeterian hypotheses on the correlation between R&D and increases in firm size, this study establishes a positive linear relationship between the dependent variable, R&D expenditure, and the independent variables of CEO stockholding, CEO age, firm size, and market share. This study next describes the corporate and market conditions which promote the development of a positive linear relationship between CEO characteristics and R&D and concludes by identifying the point of high market concentration at which the prominence of R&D activity is superseded by expenditures for advertising.
Repository Citation
Lee, S. G.
(2008). An Analysis of the Influence of CEO Characteristics on Research and Development Expenditures in Large American Corporations (2005 Data). .
https://corescholar.libraries.wright.edu/econ_student/24
