高管激励、研发投入与公司绩效——管理自由裁量权调节效应
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摘要
为更好缓解公司治理中高管与股东目标不一致的矛盾，使企业在激烈的市场竞争中取得更好业绩，本文收集了1454 个中国上市制造业类企业的数据样本，使用广义估计方程 (GEE) 对研究模型进行了多元回归分析。结果显示实施高管激励能够显著促进研发投入并提升公司绩效，并验证了一定的管理自由裁量权能强化研发投入对公司绩效的影响，说明有效的高管激励和适当的管理自由裁量权将为企业构建核心竞争力提供有力的支持。
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Chinese Journal of Social Science and Management Editorial Division
The Office of Research and Development, Panyapiwat Institute of Management
85/1 Moo 2, Chaengwattana Rd., Bang Talat, Pakkred, Nonthaburi 11120, Thailand
Tel. 02 855 01048 E-mail: cjssm@pim.ac.th
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