创业团队薪酬、股权特征与企业研发强度:基于创业板上市公司的研究

发布时间：2018-01-28 00:18

本文关键词： 创业团队薪酬股权研发强度　出处：《科技管理研究》2014年15期 　论文类型：期刊论文

【摘要】：以中国创业板上市公司的792个创业团队为样本,探索创业团队薪酬股权特征与研发强度的关系。研究发现,创业板企业研发强度与毛利率和首发市盈率显著正相关;创业团队平均年薪与研发费用占销售额/总资产比例、员工人均研发费用显著正相关;创业团队平均持股数量与研发费用占销售额/净利润比例、员工人均研发费用显著负相关;创业团队年薪异质性与4个研发强度变量显著负相关;创业团队股权异质性与研发费用占销售额/总资产比例显著负相关。
[Abstract]:Taking 792 entrepreneurial teams of listed companies in China's gem as samples, this paper explores the relationship between compensation and equity characteristics of entrepreneurial teams and R & D intensity. The R & D intensity of gem is positively correlated with gross profit rate and first-round P / E ratio. The average annual salary of the entrepreneurial team is significantly positively correlated with the R & D expenses as a proportion of sales / total assets, and the average R & D cost per employee is significantly positively correlated; The average shareholding of entrepreneurial team is negatively correlated with R & D expenses and R & D expenses as a proportion of sales / net profit and R & D costs per employee. The annual salary heterogeneity of entrepreneurial team is negatively correlated with four R & D intensity variables; The equity heterogeneity of entrepreneurial team is negatively correlated with R & D expense and the ratio of sales to total assets.
【作者单位】：广东金融学院;
【基金】：广东省自然科学基金项目“创业板企业高管团队职业背景、股权结构与产品研发绩效”(S2011040000813)
【分类号】：F272.92;F273.1;F832.51
【正文快照】： 改革开放30年来,中国在汽车制造、电子设计、医疗器械等先进制造业实施了“以市场换技术”的国家战略,然而效果非常有限,中国至今依然是外资品牌、合资品牌的汽车、手机产品最受大众欢迎。提升自主研发和技术创新能力,关系到企业和国家的核心竞争力和可持续发展。在当前产能过

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