热点关注
    期刊信息
    主管单位:国家教育部
    主办单位:重庆大学
    主  编:赵修渝
    地  址:重庆市沙坪坝正街174号
    邮政编码:400044
    电  话:023-65102306;023-65111861
    电子邮件:shekexeb@cqu.edu.cn
    国际标准刊号:ISSN 1008-5831
    国内统一刊号:CN 50-1023/C
    邮发代号:78-129
    单  价:10
    定  价:120
    引用本文:
    【打印本页】   【HTML】   【下载PDF全文】   查看/发表评论  下载PDF阅读器  关闭
    ←前一篇|后一篇→ 过刊浏览    高级检索
    本文已被:浏览 124次   下载 41 本文二维码信息
    码上扫一扫!
    分享到: 微信 更多
    高新企业股权激励与研发投入的关联性
    赵素君1, 李妍2
    1.上海财经大学 财经研究所, 上海 200433;2.梅西大学 商学院, 新西兰 奥克兰 0632
    摘要:
    当前中国高新企业为了提高竞争力,对企业科技创新的投入逐渐提升。大量的高新企业通过股权激励形式促进企业进行研发投入,提高企业的经济效益。文章以2010-2017年发布股权激励方案的285家高新技术企业作为研究对象,通过对高管持股激励、高管股权配置以及企业研发投入同企业绩效相关性的研究,对股权激励方式、股权激励强度以及股权激励期限与研发投入的关联性进行了分析。在运用相关性以及回归分析得出结果后,可知股权激励可促进研发投入,可强化企业研发投入同企业绩效间的相关性。
    关键词:  高新企业  股权激励方式  股权激励强度  股权激励期限  研发投入
    DOI:10.11835/j.issn.1008-5831.jg.2019.04.001
    分类号:F234.4
    基金项目:
    Relationship between equity incentive and R&D investment in high-tech enterprises
    ZHAO Sujun1, LI Yan2
    1.Institute of Finance and Economics, Shanghai University of Finance and Economics, Shanghai 200433, P. R. China;2.College of Business, Massey University, Auckland 0632, New Zealand
    Abstract:
    At present,in order to improve the competitiveness of China's high and new enterprises,the strength of scientific and technological innovation is gradually improved. A large number of high-tech enterprises promote the investment of R&D through the form of equity incentive,and then enhance the economic efficiency of the enterprises. This paper analyzes the relationship between equity incentive and R&D investment,as well as the relationship between equity incentive,R&D input and enterprise performance by taking the above companies as analysis samples of equity incentive scheme from 2010 to 2017. The relationship among executive stock ownership incentive,executive equity allocation and R&D investment and corporate performance is analyzed. The relationship among equity incentive mode,equity incentive intensity,duration of equity incentive and R&D investment is analyzed. Finally,based on correlation and regression analysis,equity incentive can promote R&D investment,and strengthen the correlation between R&D investment and enterprise performance.
    Key words:  high-tech enterprises  equity incentive mode  equity incentive intensity  duration of equity incentive  R&D investment
    Copyright@ 2008 All Rights Reserved.