股权集中度、管理防御与企业研发投入水平
发布时间：2018-08-02 09:42
【摘要】：本文选择2012-2015年国内创业板上市企业为研究样本,对经理管理防御行为、股权集中度以及企业RD投入影响的相关性进行实证研究,结果表明:经理管理防御水平与企业研发投入水平之间存在明显的负相关关系,经理管理防御水平越高,则企业研发投入越低;经理人薪酬的增加,能够有效抑制由于经理人管理防御所产生的RD不足情况;对于经理人管理防御所造成的RD缺乏现象来说,股权集中制的提高也能够起到一定约束作用。
[Abstract]:This paper selects domestic gem listed enterprises from 2012-2015 as the research sample, and makes an empirical study on the correlation among managers' management defense behavior, ownership concentration and R D input. The results show that there is an obvious negative correlation between the level of managerial defense and the level of R & D investment. The higher the level of managerial defense, the lower the R & D investment, the higher the salary of managers. It can effectively restrain the lack of R D caused by the manager management defense, and the improvement of equity centralization can also play a role in restraining the R D deficiency caused by the manager management defense.
【作者单位】： 海南海航经济研究院;
【分类号】：F832.51;F273.1
[Abstract]:This paper selects domestic gem listed enterprises from 2012-2015 as the research sample, and makes an empirical study on the correlation among managers' management defense behavior, ownership concentration and R D input. The results show that there is an obvious negative correlation between the level of managerial defense and the level of R & D investment. The higher the level of managerial defense, the lower the R & D investment, the higher the salary of managers. It can effectively restrain the lack of R D caused by the manager management defense, and the improvement of equity centralization can also play a role in restraining the R D deficiency caused by the manager management defense.
【作者单位】： 海南海航经济研究院;
【分类号】：F832.51;F273.1
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