经理人薪酬契约、技术创新与企业绩效

发布时间：2018-04-25 01:40

本文选题：探索式技术创新 + 开发式技术创新　；参考：《科研管理》2017年07期

【摘要】：经济新常态下,技术创新成为经济发展的关键驱动力。文章以2010-2013年A股上市公司为研究样本,采用广义最小二乘法就探索式技术创新、开发式技术创新对企业绩效的影响机理进行实证检验,并重点对经理人薪酬契约在技术创新投入与企业绩效关系中的治理效应及其治理范围进行了研究。研究结论显示:技术创新过程具有明显的动态性,创新投入并不必然带来企业绩效提升;经理人薪酬契约具有一定的局限性,其在开发式技术创新投入与企业绩效关系中发挥积极的治理效应,但对探索式技术创新行为经济后果的治理效应并不尽如人意。在探索式技术创新投入强度较大的情况下,高额的经理人货币化薪酬甚至会恶化企业绩效。
[Abstract]:Under the new normal economy, technological innovation is the key driving force for economic development. The article takes 2010-2013 years A shares listed companies as the research sample, uses the generalized least square method to explore the technological innovation, the influence mechanism of the development technology innovation on the enterprise performance, and focuses on the technical innovation investment of the executive compensation contract. The effect of governance and the scope of governance in the relationship with enterprise performance are studied. The conclusion shows that the process of technological innovation is obviously dynamic, and the innovation input does not necessarily bring about the promotion of enterprise performance; the executive compensation contract has some limitations, and it plays an active role in the relationship between the investment of the technological innovation and the performance of the enterprise. The effect of governance on the economic consequences of exploratory technological innovation is not satisfactory. In the case of greater investment in the exploratory technological innovation, the high managers' monetary remuneration will even deteriorate the enterprise performance.

【作者单位】：华侨大学旅游学院;
【基金】：福建省自然科学基金计划资助项目(项目编号:2014J01267;起止时间:2014.1-2016.12) “旅游业青年专家培养计划”(起止时间:2015.10-2018.10)
【分类号】：F272.92;F273.1;F275

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