摘要
利用2014—2016年中国233家上市公司数据,使用回归方法,对研发支出与员工持股计划中高管认购比例的关系进行实证研究。结果显示:公司的研发支出、费用化研发支出均与员工持股计划的高管认购比例呈U型关系;当高管认购比例约为50%时,研发支出达到最低值。
Using the data of 233 China＇s listed companies from 2014 to 2016,this paper empirically studies the relationship between R＆D cost and executive subscription proportion by the regression method. The results show as follows： the relationship between R＆D cost as well as R＆D expenses and executive subscription proportion takes on U-type; when executive subscription proportion is about the lowest value.
出处
《技术经济》
CSSCI
北大核心
2017年第7期29-35,共7页
Journal of Technology Economics
关键词
员工持股计划
高管认购比例
研发支出
employee stock ownership plan
executive subscription proportion
ReD cost
