Tribo, Josep A.; Berrone, Pascual; Surroca, Jordi - In: Corporate Governance: An International Review 15 (2007) 5, pp. 828-842
Using data from 3,638 Spanish firms between 1996 and 2000, this article studies the relationship between the presence of large shareholders in the ownership structure of firms and R&D investment. Consistent with our theoretical contention, our results indicate that the impact of large...