摘要
针对薪酬粘性会对研发投入结构产生影响的问题,以2014—2018年创业板上市公司为样本,基于研发过程的研究与开发两个阶段,运用多元回归分析法,考察了薪酬粘性对这两个阶段投入的影响及行业竞争的调节作用。结果表明:薪酬粘性与研究阶段投入显著正相关,薪酬粘性与开发阶段投入没有显著关系;行业竞争抑制了薪酬粘性对研究阶段投入的正向效应;进一步分析了薪酬粘性水平对研发两阶段投入的影响,发现在奖优低奖劣-奖优高奖劣组中,薪酬粘性水平促进了研究阶段的投入。该结论不仅丰富了薪酬粘性的相关文献,还为上市公司完善研发投入结构,提高原始创新能力提供了经验证据。
Regarding the problem that pay stickiness will affect the R&D investment structure,based on the GEM listed companies from 2014 to 2018 as a sample,based on the two stages of research and development in R&D process,the multiple regression analysis method is used to investigate the impact of pay stickiness on investment in these two stages and the regulatory role of industry competition.The results show that,pay stickiness is positively correlated with research stage investment,but not with development stage investment;industry competition restrains the positive effect of pay stickiness on research stage investment;further exploring the impact of pay stickiness on R&D investment,it is found that"rewards and rewarding high and inferior"is more conducive to research stage investment.The conclusions not only enrich the literature on pay stickiness,but also provide empirical evidence for the listed companies to improve their R&D investment structure and original innovation ability.
作者
叶建木
涂世梅
YE Jianmu;TU Shimei(School of Management,WUT,Wuhan 430070,China;不详)
出处
《武汉理工大学学报（信息与管理工程版）》
CAS
2020年第3期266-271,共6页
Journal of Wuhan University of Technology：Information & Management Engineering
基金
国家社会科学基金项目(19BGL039)。
关键词
薪酬粘性
研发两阶段投入
多元回归分析
创业板
行业竞争
pay stickiness
R&D investment in two stages
multiple regression analysis
GEM
industry competition
