摘要
本文以2013~2016年沪深A股上市公司为样本构建平衡面板数据模型,考察两职合一、高管薪酬和技术创新投入之间的关系。研究发现,两职合一与技术创新投入显著正相关,高管薪酬在二者之间发挥了中介作用。进一步研究发现,行业性质会影响两职合一与技术创新之间的关系,即与非高科技企业相比,两职合一对技术创新投入的影响在高科技企业中更加显著。因此,应根据行业性质合理选择领导权结构,两职合一的企业应完善薪酬激励体系,并加强内外部监督。
This paper selects Shanghai and Shenzhen A-share listed enterprises’ data as samples from 2013 to 2016 to build panel data model,and investigates the relationship among executive duality,executive compensation and technology innovation investment. Research shows that the relationship between executive duality and technology innovation investment has significant positive correlation. Executive compensation has played a mediating role between executive duality and technology innovation investment.Further studies find that the nature of the industry will affect the relationship between executive duality and technological innovation,compared with the non high-tech enterprises,the impact of executive duality on technological innovation investment is more obvious in high-tech enterprises. Therefore,we should choose leadership structure rationally according to the nature of the industry. The executive duality enterprises should improve the compensation incentive system and strengthen the internal and external supervision.
作者
郭淑娟
张文婷
芮雪琴
Guo Shujuan;Zhang Wenting;Rui Xueqin(College of Economic and Management,Taiyuan University of Technology,Taiyuan 030024,Chin)
出处
《工业技术经济》
CSSCI
北大核心
2018年第7期153-160,共8页
Journal of Industrial Technological Economics
基金
教育部人文社会科学研究规划基金"人力资本集聚与经济结构调整的适配性研究"(项目编号:15YJA840014)
山西省哲学社会科学规划课题"山西省企业内部激励与技术创新关系研究(2017)"
山西省人力资源和社会保障重点科研项目"山西省国企薪酬制度研究"(项目编号:RSKY2016-06)
国家留学基金资助
关键词
两职合一
高管薪酬
技术创新投入
行业性质
多元回归模型
领导权结构
executive duality
executive compensation
technology innovation investment
nature of the industry
multiple regression model
leadership structure
