The Impact of Corporate Governance on Innovation Investment Intensity in the Emerging Markets

Student: Sirous Vitaly

Educational Programme: Strategic Corporate Finance (Master)

Year of Graduation: 2017

The primary purpose of this paper is to clarify the interdependences among corporate governance practices and innovation investment intensity in the emerging markets within knowledge-intensive firms. In addition, the paper is aimed to pick out academic measures of investments in innovation. The sample compiles the corporate governance and financial data from 300 companies from High-technology and Medium-high-technology industries according to OCED classification. The firms out of dataset are mainly incorporated in China, Taiwan, South Korea and India. The time frame spans from 2012 to 2015 years. The paper elaborated three models in identifying innovation investment intensity: classical variable, which accounts for R&D expenditures, inversed VAIC measure and Modified Tobin’s Q measure.

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