摘要
文章选取2013—2018年A股共计1221家制造业上市企业的数据为研究样本,实证检验了高管薪酬激励、战略差异与企业研发投入的关系。研究发现:高管薪酬激励、战略差异都能显著促进企业研发投入;战略差异能够显著抑制高管薪酬激励对企业研发投入的促进作用。文章不仅丰富了高管薪酬的研究,还为制定企业战略,加大创新力度提供了参考,同时也丰富了企业研发投入影响因素的研究。
This paper selects the data of a total of 1221 manufacturing listed enterprises in 2013-2018 as a research sample,and empirically examines the relationship between executive compensation incentives,strategic differences and enterprise R&D investment.The research found that:executive compensation incentives and strategic differences can significantly promote R&D investment,strategic differences can significantly inhibit executive compensation incentives to promote R&D investment.This paper not only enriches the research of executive compensation,but also provides a reference for formulating enterprise strategy and increasing innovation,and also enriches the research on the influencing factors of enterprise R&D investment.
作者
程克群
谭庆华
徐芳
CHENG Ke-qun;TAN Qing-hua;XU Fang(Anhui Agricultural University, Hefei 230036, China)
出处
《南华大学学报（社会科学版）》
2020年第3期72-77,共6页
Journal of University of South China(Social Science Edition)
基金
安徽省高校人文社会科学研究重点项目“安徽省产业结构调整对长江经济带发展的影响研究”资助(编号:SK2017A0138)
安徽省省领导圈定课题“安徽省加快打造内陆开发新高地问题研究”资助(编号:SQKTF18-07)
安徽省省领导圈定课题“加快我省农业产业化发展的思路与对策研究”资助(编号:SLDQDKT17-05F)。
关键词
高管薪酬激励
战略差异
研发投入
调节效应
executive compensation incentive
strategic differences
R&D investment
regulatory effect
