{"title":"薪酬粘性与企业创新能力","authors":"","doi":"10.1016/j.frl.2024.106063","DOIUrl":null,"url":null,"abstract":"<div><p>This paper selects data from A-share listed companies in Shanghai and Shenzhen from 2010 to 2022 for empirical analysis. The empirical findings show that pay stickiness has a significant negative impact on the innovation ability of enterprises. There is a difference in the impact of pay stickiness on the innovation ability of state-owned enterprises and non-state-owned enterprises; the independence of the board of directors can inhibit the negative effect of the stickiness of the executives' pay on the innovation ability of the enterprise. The research results of this paper provide valuable insights for enterprises in formulating compensation strategies.</p></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":null,"pages":null},"PeriodicalIF":7.4000,"publicationDate":"2024-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Compensation stickiness and firms' innovative capacity\",\"authors\":\"\",\"doi\":\"10.1016/j.frl.2024.106063\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>This paper selects data from A-share listed companies in Shanghai and Shenzhen from 2010 to 2022 for empirical analysis. The empirical findings show that pay stickiness has a significant negative impact on the innovation ability of enterprises. There is a difference in the impact of pay stickiness on the innovation ability of state-owned enterprises and non-state-owned enterprises; the independence of the board of directors can inhibit the negative effect of the stickiness of the executives' pay on the innovation ability of the enterprise. The research results of this paper provide valuable insights for enterprises in formulating compensation strategies.</p></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":7.4000,\"publicationDate\":\"2024-09-05\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1544612324010936\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612324010936","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
摘要
本文选取 2010 年至 2022 年沪深两市 A 股上市公司的数据进行实证分析。实证结果表明,薪酬粘性对企业创新能力有显著的负向影响。薪酬粘性对国有企业和非国有企业创新能力的影响存在差异;董事会的独立性可以抑制高管薪酬粘性对企业创新能力的负面影响。本文的研究成果为企业制定薪酬战略提供了有价值的启示。
Compensation stickiness and firms' innovative capacity
This paper selects data from A-share listed companies in Shanghai and Shenzhen from 2010 to 2022 for empirical analysis. The empirical findings show that pay stickiness has a significant negative impact on the innovation ability of enterprises. There is a difference in the impact of pay stickiness on the innovation ability of state-owned enterprises and non-state-owned enterprises; the independence of the board of directors can inhibit the negative effect of the stickiness of the executives' pay on the innovation ability of the enterprise. The research results of this paper provide valuable insights for enterprises in formulating compensation strategies.
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