高管人力资本、薪酬激励与企业创新绩效  

Human Capital in Top Management Teams,Incentive Compensation and Innovation Performance

作　　者：王辉[1] 张月 WANG Hui;ZHANG Yue(Business School of Xiangtan University,Xiangtan Hunan 411105)

机构地区：[1]湘潭大学商学院,湖南湘潭411105

出　　处：《湖南财政经济学院学报》2022年第5期73-84,共12页Journal of Hunan University of Finance and Economics

基　　金：湖南省自然科学基金青年项目“包容性领导对员工创造力的影响研究”(项目编号:2019JJ50594)。

摘　　要：基于资源基础理论和高层梯队理论,构建以创新投入为中介变量、薪酬激励为调节变量的高管人力资本对企业创新绩效的作用机制模型,并选取2011-2020年深沪两市A股上市公司数据进行实证分析,研究发现:高管人力资本对企业创新绩效具有显著正向影响;创新投入在高管人力资本和企业创新绩效之间发挥部分中介效应;薪酬激励在高管人力资本与企业创新绩效、高管人力资本与创新投入关系中的调节效应均不显著。创新导向下企业应该更加注重高管的人力资本积累,高管通过决策来配置和协调企业的资源,决定企业创新活动的投入,促成企业达到高效创新的发展目标。Drawing on upper echelons theory and the resource-based view of the firm,this paper constructs the model of human capital in top management on enterprise innovation performance which take R&D investment as mediator and incentive compensation as moderator.The data of Chinese A-shares listed companies from 2011 to 2017 was used to empirical analysis.The results show that the human capital in top management teams has a significant positive effect on the innovation performance of enterprises,and R&D investment plays a part in mediating effect between human capital of senior executives and innovation performance of enterprises.Incentive compensation has no moderating effect on the relationship neither between human capital in top management teams and innovation performance nor R&D investment.The results show that enterprises should pay more attention to the accumulation of human capital in top management team especially,timely allocating and coordinating enterprise resources to facilitate the investment of senior executives in innovation decision,and promote to achieve the development goals of efficient innovation.

关 键 词：高管人力资本 创新投入 企业创新绩效 薪酬激励 

分 类 号：F272[经济管理—企业管理]