员工股权激励与企业技术创新——来自我国制造业上市公司的证据  

Employee Equity Incentive and Enterprise Technological Innovation:Evidence from Listed Manufacturing Companies in China

作　　者：董平[1] 周小春[2] DONG Ping;ZHOU Xiaochun(Guangzhou City Polytechnic, Guangzhou 510620, china;College of Economics & Management, South China Agricultural University, Guangzhou 510642, China)

机构地区：[1]广州城市职业学院,广东广州510405 [2]华南农业大学,广东广州510642

出　　处：《广东石油化工学院学报》2020年第4期77-83,共7页Journal of Guangdong University of Petrochemical Technology

基　　金：国家自然科学基金(71502068);广东省自然科学基金(2016A030313560);广东高校省级重点平台和重大科研项目特色创新类项目。

摘　　要：以2006—2012年实施员工股权激励计划的制造业上市公司为研究对象,实证分析了员工(非高管)股权激励对制造业企业技术创新的影响。研究发现,员工股权激励不仅有利于企业短期技术创新绩效的提升,而且也有利于企业长期技术创新绩效的改善,公司所有权性质不会影响员工股权激励对企业技术创新的作用。通过科学设计员工股权激励计划,逐步提高员工持股比例,能让员工与公司的长远利益更好协同。This paper analyzes the influence of employee(non-executive)equity incentive on the technological innovation of listed manufacturing enterprises from 2006—2012.The research finds out that:employee equity incentive is not only conducive to the improvement of short-term technological innovation performance,but also conducive to the improvement of long-term technological innovation performance;the greater the strength of employee equity incentive is,the more possibly employee equity incentive promotes enterprise technology;the ownership of the company will not affect the effect of employee equity incentive on enterprise technological innovation.With the scientific design of employee equity incentive plan,and gradual increase in the proportion of employee shares,employee long-term interests can be well connected with that of the company,thus enhancing the performance of enterprise technology innovation.

关 键 词：员工股权激励 技术创新 所有权性质 激励强度 

分 类 号：F273.1[经济管理—企业管理]