创新绩效与经理人薪酬及声誉——基于价值分配与价值创造视角的实证研究

发布时间：2018-04-17 12:15

本文选题：经理人薪酬 + 经理人声誉　；参考：《商业研究》2017年05期

【摘要】：以促进技术创新为主旨的价值创造是衡量公司治理有效性的重要维度,本文运用2011-2014年的中国上市公司平衡面板数据,从价值分配与价值创造的视角分析创新绩效与经理人薪酬及声誉水平的关系。结果表明:财务绩效与经理人薪酬水平显著正相关,对经理人声誉却没有显著影响;创新绩效对经理人薪酬及声誉能够产生影响,但不同类型的创新绩效作用有所差异,突破性创新产出越多,经理人声誉水平越高,渐进性创新产出越多,经理人薪酬水平越高;产权性质对上述两组关系具有显著的调节效应。因此,通过经理人薪酬及声誉契约的合理设计,以引导其进行有效的技术创新决策是提高企业创新能力的重要途径。
[Abstract]:Value creation with the aim of promoting technological innovation is an important dimension to measure the effectiveness of corporate governance. This paper uses the balance panel data of Chinese listed companies from 2011-2014.From the perspective of value distribution and value creation, this paper analyzes the relationship between innovation performance and managers' compensation and reputation level.The results show that the financial performance is positively correlated with the salary level of the manager, but it has no significant effect on the reputation of the manager, innovation performance can affect the compensation and reputation of the manager, but different types of innovative performance have different effects.The more the breakthrough innovation output, the higher the manager reputation level, the more incremental innovation output, the higher the manager compensation level, and the more the property right nature has a significant regulatory effect on the relationship between these two groups.Therefore, it is an important way to improve the innovation ability of enterprises through the reasonable design of managers' compensation and reputation contracts to guide them to make effective technological innovation decisions.
【作者单位】：山东大学管理学院;
【基金】：国家自然科学基金青年项目“高管激励契约整合与中小上市公司成长:基于技术创新动态能力的中介效应”,项目编号:71302089;国家自然科学基金面上项目“上市公司高管激励契约配置与协同——基于多层次情境因素的研究”,项目编号:71272120 山东大学人文社科青年团队项目,项目编号:IFYT17040
【分类号】：F272.92;F273.1

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