Institutional Ownership and US Firms’ Innovations

Student: Kalugina Olga

Educational Programme: Strategic Corporate Finance (Master)

Final Grade: 8

Year of Graduation: 2020

This research aimed to investigate the influence of institutional investor ownership on corporate innovations. To achieve this goal, we prepared a comprehensive literature review on the determinants of corporate innovations, the corporate problems of different incentives of managers and institutional investors and the ways to overcome them with the available mechanisms by institutional investors’ ownership presence. Also we investigated the differences of institutional investors’ types, suggested methodology to test hypotheses on the anticipated effect of institutional investors ownership on R&D expenditures and patents. Finally, we understood the effect of total institutional ownership in a company, blockholder ownership, the effect of numerous blockholders, the effects of different institutions by their legal types combined in several groups based on the anticipated effect according to literature analysis.

Full text (added May 25, 2020)

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses