E3S Web Conf.
Volume 292, 20212021 2nd International Conference on New Energy Technology and Industrial Development (NETID 2021)
|Number of page(s)||4|
|Section||New Energy Economy and Energy Blockchain Application|
|Published online||09 September 2021|
Executive salary stickiness, institutional investors and innovation investment -- Based on the empirical data of listed companies
Scool of Economics and Management, Beijing Jiaotong University, Beijing, China
Corresponding author: firstname.lastname@example.org
This paper takes China’s A-share listed companies from 2015 to 2019 as the research object, and empirically tests the impact of executive compensation stickiness on enterprise innovation investment. It is found that executive compensation stickiness is positively correlated with the innovation investment of corporate and it is more significant in private enterprises. In addition, Institutional investors participate in corporate governance to play a positive governance effect, and strengthen the positive correlation between the stickiness of executive compensation and corporate innovation investment.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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