Hillier, David; Pindado, Julio; Queiroz, Valdoceu de; … - In: Journal of International Business Studies 42 (2011) 1, pp. 76-98
We investigate the process through which country-level corporate governance facilitates firm-level investment in research and development (R&D). Taking cash flow as one of the main determinants of R&D, we derive an econometric model that introduces a number of corporate governance factors (legal...