Chen, Yu-Fen; Lin, Fu-Lai; Yang, Sheng-Yung - In: Journal of Business Research 68 (2015) 4, pp. 845-850
Literature regarding the impact of institutional investors on firm's research and development (R&D) expenses supports that institutional ownership facilitates managerial discretion on R&D expenses in the US. However, the scenario may change when considering institutional investment horizon. This...