Studies on the Equity Incentive, Characteristics of Top Management Team Influence on R&D Investment-Empirical Research in Listed Firm

被引：0
|
作者：
Wang Xinhong [1 ]
Hao Hailei [1 ]
Tao Rui [2 ]
机构：
[1] Xian Univ Sci & Technol, Xian 710054, Shaanxi, Peoples R China
[2] Xian Univ Technol, Xian 710054, Shaanxi, Peoples R China
来源：
Proceedings of the Eighth International Symposium - Corporate Governance (2015) | 2015年
关键词：
Characteristics of the top management team; Equity incentive; R&D investment; Moderating effects;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Based on 1233 groups of the valid data in listed companies for the samples, a regression model is constructed between the characteristics of the executive team and R&D investment with the executive equity incentive as an adjustment variable. Studies have shown that: (1) the characteristics of the executive team affect the company's R&D investment significantly; (2) equity incentive is significantly positive related to the R&D intensity; (3) equity incentive has played a significant adjustment to the relationship between executives characteristics and the R&D intensity, equity incentive has played a half regulation. Finally, this paper puts forward some countermeasures and suggestions.
引用
收藏
页码：162 / 173
页数：12
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