管理者薪酬水平与企业研发投资——基于广东战略性新兴企业的研究

发布时间：2018-06-25 17:31

本文选题：货币薪酬 + 股权激励　；参考：《科技管理研究》2017年03期

【摘要】：以广东战略性新兴企业为样本,通过手工收集数据研究管理者薪酬对企业研发创新的影响。研究发现,高管货币薪酬激励对企业研发投资有显著正向促进作用,而高管持股却并非如此,这与高管持股整体偏低以及企业股权激励机制不健全有关。进一步研究发现,当企业绩效不佳时,高管薪酬对企业研发创新的影响并不显著,说明业绩欠佳时企业更关心的是生存而不是由研发创新推动的发展。最后指出企业做大与做强之间的矛盾。
[Abstract]:Taking Guangdong strategic emerging enterprises as a sample, this paper studies the effect of managers' compensation on enterprise R & D innovation by hand collecting data. The study found that executive monetary incentive has a significant positive effect on R & D investment, but not on executive ownership, which is related to the low overall executive ownership and inadequate corporate equity incentive mechanism. Further research found that when the performance of enterprises is poor, the impact of executive compensation on R & D innovation is not significant, which indicates that when performance is poor, companies are more concerned about survival than R & D innovation-driven development. Finally, the paper points out the contradiction between making enterprises bigger and stronger.
【作者单位】：广东金融学院区域金融政策重点研究基地;广东金融学院会计系;
【基金】：国家社会科学基金项目“薪酬激励偏好与高新技术企业研发创新研究”(15BJY012)
【分类号】：F273.1;F272.92;F276.44

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