高管海外背景、薪酬差距与企业技术创新投入——基于PSM的实证分析  

Executives’ Overseas Background,Pay Gap and Technological Innovation Investment——Empirical Analysis Based on PSM

作　　者：郭淑娟[1] 路雅茜 常京萍[1] GUO Shu-juan;LU Ya-qian;CHANG Jing-ping(School of Economics and Management,Taiyuan University of Technology,Taiyuan 030024,China)

机构地区：[1]太原理工大学经济管理学院

出　　处：《华东经济管理》2019年第7期138-148,共11页East China Economic Management

基　　金：教育部人文社会科学研究规划基金项目(15YJA840014);山西省哲学社会科学规划课题(2017);山西省人力资源和社会保障重点科研项目(RSKY2016-06);国家留学基金资助项目

摘　　要：文章以2007-2016年2109家沪、深A股上市公司为研究对象,基于倾向得分匹配(PSM)法考察不同产权性质下高管海外背景对企业技术创新投入的影响以及薪酬差距对这种影响有效性的调节作用。研究发现,高管海外背景与薪酬差距均显著促进企业技术创新投入。进一步地,相比非国有企业,国有企业中政府支持、经营目标多元化会引致技术创新动力欠缺,削弱了高管海外背景对企业技术创新投入的激励效应;薪酬差距对高管海外背景与企业技术创新投入的正向调节作用在非国有企业中表现尤甚。希冀研究结论对海外人才引进计划的实践以及企业高管薪酬契约的优化提供借鉴。This paper takes 2109 listed companies in Shanghai and Shenzhen A shares from 2007 to 2016 as the research ob ject. Based on the PSM method, it investigates the influence of the overseas background of senior executives under different property rights on the investment in technological innovation and the moderating effect of the pay gap on the effectiveness of this effect. The research finds that both the overseas background and the pay gap of senior executives significantly promote the in vestment in technological innovation. Furthermore,compared with non-state-owned enterprises,government support and diver sification of business objectives in state-owned enterprises will lead to the lack of motivation for technological innovation,weak ening the incentive effect of overseas background of senior executives on technological innovation investment of enterprises,and the positive adjustment effect of pay gap on overseas background of senior executives and technological innovation investment of enterprises is particularly significant in non-state-owned enterprises. It is hoped that the conclusions of this study can pro vide reference for the practice of overseas talent introduction plan and the optimization of executive compensation contract.

关 键 词：海外背景 技术创新投入 薪酬差距 产权性质 

分 类 号：F406.3[经济管理—产业经济]