| dc.contributor | 東南亞語言與文化學士學位學程 | - |
| dc.creator (作者) | 潘氏清 | - |
| dc.creator (作者) | Phan, Thi-Thanh | - |
| dc.creator (作者) | Yu, Hai-Chin | - |
| dc.date (日期) | 2018-11 | - |
| dc.date.accessioned | 6-Jun-2022 15:20:08 (UTC+8) | - |
| dc.date.available | 6-Jun-2022 15:20:08 (UTC+8) | - |
| dc.date.issued (上傳時間) | 6-Jun-2022 15:20:08 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/140247 | - |
| dc.description.abstract (摘要) | This study investigates the relationships between debt maturity structure and corporation R&D investment. Using a large sample of US listed firms over the period of 1995 to 2015, it was found that the use of bank debt positively influences R&D investment, whereas the use of public debt exerts a negative impact. However, the Sarbanes-Oxley Act (SOX) mitigates the information asymmetry such that the advantages of private information from banks shrunk. As a result, public debtholders benefit more from the SOX and turn out to be positively influenced by the R&D investment after SOX. Moreover, bank debt impact on R&D spending reduces over the post-SOX. The results also find that the SOX influences the debt maturity on corporate R&D investment only for large corporations, the effects remain unchanged for small businesses. | - |
| dc.format.extent | 497351 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Banks and Bank Systems, 13(4), 1-16 | - |
| dc.subject (關鍵詞) | debt maturity; debt structure; R&D investment; Sarbanes-Oxley Act | - |
| dc.title (題名) | Debt maturity and corporate R&D investment – the empirical study of US listed firms | - |
| dc.type (資料類型) | article | - |
| dc.identifier.doi (DOI) | 10.21511/bbs.13(4).2018.01 | - |
| dc.doi.uri (DOI) | http://dx.doi.org/10.21511/bbs.13(4).2018.01 | - |
