The power distribution of senior executives will have an important impact on the R&D investment of enterprises. Based on the data of A-share listed companies from 2009 to 2019, this paper takes an A-share listed company as the research object, and discusses the impact of the size of executive power on enterprise R&D investment from the perspective of the distribution of executive power. The study found that there is a significant positive correlation between executive power and enterprise R&D investment, that is, the greater executive power is, the more likely it is to bring more R&D investment to enterprises. At the same time, it is found that compared with state-owned enterprises and listed companies with small scale, poor profitability, high equity concentration and low institutional shareholding ratio, the distribution of executive power has a more significant impact on enterprise R&D investment. In addition, the study also found that industry characteristics also have a certain degree of impact on the relationship between the distribution of executive rights and enterprise R&D investment.

Xiaohong Lai, Vincent Wee. Research on the influence of executive power distribution on R&D investment of listed companies. Academic Journal of Business & Management (2023) Vol. 5, Issue 12: 101-104. https://doi.org/10.25236/AJBM.2023.051217.

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