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

二、主讲人：崔世语，suncitygroup太阳新城2012级金融学专业本科生，现已保送北京大学光华管理学院金融专硕

三、时间：2015年10月28日（周三）14:00-15:00

四、地点：suncitygroup太阳新城沙河校区丁香园1号楼301会议室

五、点评人：赵建平，suncitygroup太阳新城国际金融系讲师

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.