{"product_id":"the-relationship-among-governance-structure-r-d-investment-and-performance-of-pharmaceutical-enterprises-von-xue-mi","title":"The Relationship among Governance Structure, R \u0026 D Investment and Performance of Pharmaceutical Enterprises","description":"\u003cp\u003eSeminar paper from the year 2019 in the subject Medicine - Pharmacology, , language: English, abstract: The objective of this text is to study the relationship between the governance structure and the input intensity of R \u0026amp; D investment of pharmaceutical enterprises, and to check the lag effect of R \u0026amp; D input on the performance. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe data of the balanced panel of 133 medical-listed enterprises from 2009 to 2016 were taking as samples, the regression analysis was performed by using the STATA13.0 software. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn the aspect of the ownership structure, the state-owned control has a negative effect on the R \u0026amp; D investment intensity, and the equity concentration degree and the equity balance degree are positive. In terms of the governance of the board of directors, the proportion of the two-level and independent directors is positively affecting the strength of R \u0026amp; D and the scale of the board of directors has a negative effect. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn that case of executive motivation, the share power incentive and salary incentive do not play the desired positive role. The lag effect of R \u0026amp; D investment on enterprise performance has verified. With the passage of time, the relationship between R \u0026amp; D investment and enterprise performance has gradually changed from significant negative to significant positive. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eBased on the research results, some suggestions are put forward to provide empirical evidence for optimizing the internal governance structure of pharmaceutical enterprises and improving the efficiency of R \u0026amp; D.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783668957336\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783668957336","offer_id":39437454901341,"sku":"9783668957336","price":17.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/6064f467-f095-4f40-9a4e-e40b968fcba5.jpg?v=1778560339","url":"https:\/\/shop.autorenwelt.de\/products\/the-relationship-among-governance-structure-r-d-investment-and-performance-of-pharmaceutical-enterprises-von-xue-mi","provider":"Autorenwelt Shop","version":"1.0","type":"link"}