高管持股对企业创新投入的影响研究--来自创业板上市公司的经验证据  

The Effect of Management Ownership on Firms'Innovation Investment

作　　者：张业韬[1] 王成军[2] 刘渐和[2] 

机构地区：[1]江苏省农村信用社联合社信息结算中心江苏南京211100 [2]安徽财经大学工商管理学院安徽蚌埠233041

出　　处：《财会通讯（下）》2012年第2期132-136,共5页Communication of Finance and Accounting

摘　　要：本文通过分析创业板上市公司高管持股与技术创新投入之间的关系发现,高管持股与企业研发支出之间存在着显著正相关关系,表明高管的股权激励有利于增加企业的创新投入。同时还发现高管人员中技术背景可以促进企业研发;由于创业板公司的特征,领导结构并不显著影响企业研发。By analyzing the companies listed on the GEM,this article found that there was a significant positive correlation between Management Ownership and R&D expenditure,owernership can give management incentive to increase company innovation investment.In addition,we also found that the technical background of management can promote R & D;because of the GEM market's characteristics,leadership structure and significantly does not affect the R & D expenditure.

关 键 词：高管持股 R&D 激励 创新 

分 类 号：F224[经济管理—国民经济] F276.6F273.1