Ownership Structure and the Relationship Between Financial Slack and R&D Investments: Evidence from Korean Firms

By Hicheon Kim, Heechun Kim, Peggy M. Lee. Organ. Sci., 2008

483 citations recorded by the source corpus.

Subfields: Accounting, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/6f700f49c79b2c0aaa32cb664e94245901c4d212

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Organizational Behavior and Human Resource Management

Citations in the corpus

Analyzing the Effect of Corporate Environmental Performance on Corporate Financial Performance in Developed and Developing Countries (2017, background): “These results indicate that firms with high cash flow are less dependent on (1) external capital markets, which allows them to reduce financing costs and improve short-term corporate financial performance (ROA); and (2) shareholders, which allows managers to implement riskier environmental research ”
The Impact of Family Involvement on the R&D Intensity of Publicly Traded Firms (2011, methodology): “Agents will be less eager to pursue their personal wealth maximization over the interests of the principal (Chang et al., 2010; Chrisman, Chua, & Litz, 2004; Kim et al., 2008; Lim et al., 2010; Zahra, 2005).”
The Relationship between Slack Resources and the Performance of Entrepreneurial Firms: The Role of Venture Capital and Angel Investors (2013, unknown): “Although slack resources vary in type, the majority of previous studies have focused on financial slack and more specifically the level of liquid assets in excess of those needed for basic operating expenses (e.g., Bradley et al., 2011a,b; George, 2005; Kim et al., 2008).”
Conflicting Selves: Family Owners' Multiple Goals and Self-Control Agency Problems in Private Firms (2018, methodology): “In contrast to the dominant view in agency theory (Bertrand & Schoar, 2006; Kim et al., 2008), we also find that categorizing family owners as a single category may lead scholars to overlook how and why self-control”
A Marginal Effects Approach to Interpreting Main Effects and Moderation (2021, background): “Extending our example, researchers are sometimes interested in the association between R&D spending and firm performance as a contingent function of financial slack (Greve, 2003; Kim et al., 2008).”
Doing More with Less: Innovation Input and Output in Family Firms (2016, unknown): “…empirical evidence for negative associations between family firms and innovation (Block, 2012; Chen & Hsu, 2009; Chrisman & Patel, 2012; Munari, Oriani, & Sobrero, 2010), others have found positive effects (Gudmundson, Tower, & Hartman, 2003; Kim, Kim, & Lee, 2008; Llach & Nordqvist, 2010).”
Who Takes You to the Dance? How Partners’ Institutional Logics Influence Innovation in Young Firms (2015, background): “The corporate governance literature suggests that when employee ownership is diluted and transferred to distant outsiders, executives become more motivated to build personal empires and less motivated to develop technology (Kim, Kim, and Lee, 2008; Aghion, Van Reenen, and Zingales, 2009).”