一、主題：Does CEO power boost R&D activity？

二、主講人：崔世語，bevictor伟德官网2012級金融學專業本科生，現已保送北京大學光華管理學院金融專碩

三、時間：2015年10月28日（周三）14:00-15:00

四、地點：bevictor伟德官网沙河校區丁香園1号樓301會議室

五、點評人：趙建平，bevictor伟德官网國際金融系講師

文章摘要：We explore the relationship between R&D activity and CEO power over the 1992–2013 period. Instead of using CEO overconfidence to gauge CEO power as previous research, we utilize the ratio of CEO salary to company assets to quantitatively represent CEO power. We find that although CEO power increases absolute R&D spending, it decreases the R&D-to-assets ratio and deteriorates R&D quality for raised average patent cost and reduced patent citation number.