The Effect of Firm Internationalization on R&D Information Quality: The Moderating Effect of CEO Overconfidence

• 영문명: The Effect of Firm Internationalization on R&D Information Quality: The Moderating Effect of CEO Overconfidence
• 발행기관: 한국상품학회
• 저자명: 이한솔 최동준 윤인경
• 간행물 정보: 『상품학연구』제40권 제4호, 89~97쪽, 전체 9쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2022.08.30

영문 초록

This study investigates the association between firm internationalization and R&D information quality. Extant studies related to a firm’s R&D activities imply that R&D information quality is significantly associated with corporate governance structure. Given that firm internationalization induces firms to apply governance structures that enhance monitoring of managers and information-processing ability, this study hypothesizes that firm internationalization would positively affect R&D information quality. Furthermore, considering the significant effect of CEO overconfidence on a firm’s investment decisions as well as on its economic consequences, this study examines the moderating effect of CEO overconfidence on the association between firm internationalization and R&D information quality. Using data on Korean listed firms for the period 2016-2021, this study finds that firm internationalization positively affects a firm’s R&D information quality. Moreover, the result reveals that CEO overconfidence weakens the positive association between firm internationalization and R&D information quality. This study provides practical implications for market participants, including investors and regulators, that R&D information quality is higher for firms with a high degree of internationalization.

목차

Ⅰ. Introduction

Ⅱ. Theoretical Background and Research Hypothesis

Ⅲ. Methodology

Ⅳ. Conclusion

Reference

키워드

research and development R&D R&D information quality firm internationalization CEO overconfidence