Executive Equity Incentive, R&D Investment and Enterprise Performance-empirical research based on economic innovation
With the vigorous implementation of China’s economic innovation and transformation and the deepening of market-oriented reform, “innovation driven” is an important national strategy to realize China’s economic transformation and upgrading and sustainable development. This paper takes the manufacturi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2021-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/51/e3sconf_eilcd2021_03069.pdf |
| _version_ | 1819034551584817152 |
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| author | Wu Xiaoman Zhang Dong Liu Jun |
| author_facet | Wu Xiaoman Zhang Dong Liu Jun |
| author_sort | Wu Xiaoman |
| collection | DOAJ |
| description | With the vigorous implementation of China’s economic innovation and transformation and the deepening of market-oriented reform, “innovation driven” is an important national strategy to realize China’s economic transformation and upgrading and sustainable development. This paper takes the manufacturing listed enterprises in 2009-2019 as the research sample, and selects multiple regression and hierarchical regression analysis methods to study the data of the proportion of senior executives’ shareholding, the ratio of R&D expenditure to operating income and the rate of return on total assets. This paper discusses the relationship among executive equity incentive, R&D investment and enterprise performance. The empirical results show that: executive equity incentive has a significant positive effect on R&D investment. There is a significant positive correlation between the proportion of executives’ shareholding and the growth of corporate performance; R&D investment plays a partial mediating role between executive equity incentive and firm performance. |
| first_indexed | 2024-12-21T07:35:32Z |
| format | Article |
| id | doaj.art-9f2b94b255e34997be1b20ef1b5e0246 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-12-21T07:35:32Z |
| publishDate | 2021-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-9f2b94b255e34997be1b20ef1b5e02462022-12-21T19:11:28ZengEDP SciencesE3S Web of Conferences2267-12422021-01-012750306910.1051/e3sconf/202127503069e3sconf_eilcd2021_03069Executive Equity Incentive, R&D Investment and Enterprise Performance-empirical research based on economic innovationWu Xiaoman0Zhang Dong1Liu Jun2School of Economics and Management, Foshan UniversitySchool of Economics and Management, Foshan UniversitySchool of Economics and Management, Foshan UniversityWith the vigorous implementation of China’s economic innovation and transformation and the deepening of market-oriented reform, “innovation driven” is an important national strategy to realize China’s economic transformation and upgrading and sustainable development. This paper takes the manufacturing listed enterprises in 2009-2019 as the research sample, and selects multiple regression and hierarchical regression analysis methods to study the data of the proportion of senior executives’ shareholding, the ratio of R&D expenditure to operating income and the rate of return on total assets. This paper discusses the relationship among executive equity incentive, R&D investment and enterprise performance. The empirical results show that: executive equity incentive has a significant positive effect on R&D investment. There is a significant positive correlation between the proportion of executives’ shareholding and the growth of corporate performance; R&D investment plays a partial mediating role between executive equity incentive and firm performance.https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/51/e3sconf_eilcd2021_03069.pdf |
| spellingShingle | Wu Xiaoman Zhang Dong Liu Jun Executive Equity Incentive, R&D Investment and Enterprise Performance-empirical research based on economic innovation E3S Web of Conferences |
| title | Executive Equity Incentive, R&D Investment and Enterprise Performance-empirical research based on economic innovation |
| title_full | Executive Equity Incentive, R&D Investment and Enterprise Performance-empirical research based on economic innovation |
| title_fullStr | Executive Equity Incentive, R&D Investment and Enterprise Performance-empirical research based on economic innovation |
| title_full_unstemmed | Executive Equity Incentive, R&D Investment and Enterprise Performance-empirical research based on economic innovation |
| title_short | Executive Equity Incentive, R&D Investment and Enterprise Performance-empirical research based on economic innovation |
| title_sort | executive equity incentive r d investment and enterprise performance empirical research based on economic innovation |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/51/e3sconf_eilcd2021_03069.pdf |
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