Earticle

초록

영어

This s tudy a nalyz es t he relationship between a verage c areer o f registered executives and R&D expenditure for firms listed on the Korea Exchange(KRX). As a result of empirical analysis, the lower the average career of registered executives, the higher the R&D expenditure. To prove the robustness of research model, we employ several sophisticated models and find that our resutls are rubust throughout different models. We apply additional analyses, in that we divide the sample into two groups: the age of CEO under 50 vs. over 50, and under 60 vs. over 60. The results show that R&D expenditures increase in firms whose average career of registered executives is under 50 and over 60. Additionally we test whether chaebol and non-chaebol firms exhibit different behaviors in R&D expenditure and the results support for non-chaebol firms. In conclusion, the lower the experience of executives of firms, the higher their R&D expenditures because of their future career concerns. The results imply that firms in R&D heavy industry should not shy away from hiring relatively yound executives.

목차

Abstract
Ⅰ. 서론
Ⅱ. 선행연구
Ⅲ. 연구 설계
Ⅳ. 실증분석
Ⅴ. 결론
참고문헌

키워드

저자

• 우동조 [ Woo, Dong Jo | 경북대학교 경영학박사 ] 제1저자
• 김진산 [ Kim, Jin San | 경북대학교 경영학부 교수 ] 교신저자

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  무역통상학회지 [Journal of Korea Research Association of International Commerce]

• 간기

  격월간

• pISSN

  1738-4354

• 수록기간

  2001~2025

• 등재여부

  KCI 등재

• 십진분류

  KDC 326 DDC 380