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Compensation stickiness and firms' innovative capacity
Finance Research Letters ( IF 7.4 ) Pub Date : 2024-09-05 , DOI: 10.1016/j.frl.2024.106063
Zhe Tao , Hanchao Liu
Finance Research Letters ( IF 7.4 ) Pub Date : 2024-09-05 , DOI: 10.1016/j.frl.2024.106063
Zhe Tao , Hanchao Liu
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.
中文翻译:
薪酬粘性和公司的创新能力
本文选取 2010—2022 年上海和深圳 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具有显著的负向影响。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。本文的研究结果为企业制定薪酬策略提供了有价值的见解。
更新日期:2024-09-05
中文翻译:
薪酬粘性和公司的创新能力
本文选取 2010—2022 年上海和深圳 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具有显著的负向影响。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。本文的研究结果为企业制定薪酬策略提供了有价值的见解。