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作 者:蒋洁 张启航 冯俊文[2] David J.Teece JIANG jie;Zhang Oi-hang;FENG Jun-wen;David J.Teece(School of Intellectual Property, Nanjing University of Science & Technology, Nanjing, Jiangsu,210094;School of Economics & Management,Nanjing University of Science & Technology, Nanjing, Jiangsu 210094;University of California, Berkeley, Haas School of Business CA94720)
机构地区:[1]南京理工大学知识产权学院,江苏南京210094 [2]南京理工大学经济管理学院,江苏南京210094 [3]University of California Berkeley,Haas School of Business,ca94720
出 处:《技术经济与管理研究》2019年第5期47-54,共8页Journal of Technical Economics & Management
基 金:国家社会科学基金项目资助(16BZZ074)
摘 要:企业的动态能力不仅决定了商业模式的设计与构建,其强弱程度也影响着商业模式的创新及组织机构对新模式的适应与运行。较强的动态能力有助于提高企业在商业模式设计方面的熟练程度,也能加强组织机构整体对新模式的适应性,增加实际运行的可行性。从另一个角度来说,商业模式通过对组织机构设计的影响,进一步影响了企业的动态能力,并限制其特定战略的可行性。本文将在动态能力理论框架下,对商业模式的研究进行梳理与总结,通过实际案例从模式选择构建、设计创新到对新模式的协调运行进行分析,可以看出二者间具有较强的互动性,其中企业高阶动态能力对商业模式的选择、创新与适用的正向影响较强。As an effective incentive method, equity incentive can solve the problem of agency cost to improve management efficiency. Benefited from the implementation of equity incentive measures from China Securities Regulatory Commission(CSRC)in 2016, a rapid development of equity incentive can been seen in China's listed companies, most of them put forward the equity incentive plan, but it also caused some problems, one of which is earnings management.Based on the literature research, this paper analyzes the relationship between equity incentive and earnings management of 140 listed companies from 2013 to 2017, which have implemented equity incentive. The general correlation between equity incentives and earnings management, as well as the relationship between the degree of earnings management and some specific factors such as stock exercise time length, scale of company, the shareholding proportion has been examined empirically. Based on the above research, more perfect incentive mechanism, more stringent securities market regulation, more scientific internal governance structure and more sophisticated professional manager market,which have been taken as policy suggestions, have been offered.
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