Waseda Organizational and Financial Economics Seminar:
“Does R&D Need Stable Shareholders?: Breaking Down Investments into Different Natures in R&D” (July 8)
講演者 / Speaker
NITTA, Ryuji (Hitotsubashi University)
日 時 / Date & Time
Monday, 8 July 2019, 13:00 – 14:30
会 場 / Venue
Rm. 1111 on the 11F, Building 11, Waseda University
主 旨 / Outline
“Does R&D Need Stable Shareholders?: Breaking Down Investments into Different Natures in R&D”
Investigating the individual data on Japanese firms from the Survey of Research and Development conducted by the Japanese Ministry of Internal Affairs and Communications, which allows the breaking down of firms’ R&D spending into basic, applied and development, this study explores how ownership structure influences differently these three different R&Ds. The results indicate that stable shareholders allow firms to increase their investment in basic R&D, while foreign investors, which can be considered relatively non-stable shareholders, are likely to allocate more resources to development and less to basic and applied in R&D. While stable shareholders allow firms to broaden their R&D scope, foreign investors push firms to narrow their R&D scope.
*Presentation in Japanese
プログラム / Schedule
13:00~13:05 Opening Remarks (MIYAJIMA, Hideaki (Advisor, WIAS / Professor, Waseda University))
13:05~14:05 Presentation (*in Japanese)
14:05~14:25 Question-and-answer session
14:25~14:30 Concluding Remarks(MIYAJIMA, Hideaki )
対 象 / Prospected Audience
Faculty and staff members of a university, grad students, undergraduates, the general public
主 催 / Organizer
Research Institute of Business Administration, Waseda University
Waseda Institute for Advanced Study, Waseda University
申込み / Registration
Free of charge. Please come to the event venue directly.