Research On The Relationship Among The Executive Incentives, Technology Innovation And Enterprise Performance-empirical Analysis Based On High-tech Companies Of GEM

Along with the further development of Knowledge-based economy, the high-tech-orientedeconomic development trends become increasingly evident. Technological innovation capacity hasquietly become the dominant factor in market competition and international competition. China is ina new stage of economic restructuring, efforts to develop technology-driven businesses, which helpsto promote the sustainable socio-economic growth. Technological innovation has a long-termsignificance and importance both at the macro level and the micro level.Under the modern enterprise system, executives have a strategic decision-making power of theenterprise, which has become a major force to promote high-tech enterprises in technologicalinnovation. Moreover, technological innovation as a critical factor to maintain the corecompetitiveness of enterprises, for operating performance also plays a crucial impact, whoseimportance has been confirmed in the experience of developed countries in the world. In our GEMhigh-tech companies, how does executive incentive effect on firm performance affect? Isimplementation of executive incentive effective in influencing technological innovation? Whetherthe behavior of technological innovation conducive to the promotion in improving businessperformance? What’s the logic relation of executive incentive, technological innovation andbusiness performance, and how is the transmission mechanism between the three like? Is technicalinnovation the mediation effect in the process of executive incentive effects on corporateperformance?GEM high-tech enterprises in our country as the study in this paper, by combing the literatureand theoretical basis for establishing research hypotheses and models, with long-term andshort-term incentives as analysis research perspective of executive incentive,using multipleregression and hierarchical regression analysis, on the basis of the research on relationship betweenexecutive incentive, technological innovation and firm performance, introducing technologicalinnovation as a mediating variable, further exploratory the mediation effect study of technologicalinnovation between executive incentive and corporate performance. Empirical studies have foundthat: GEM high-tech enterprises, the implementation of executive incentive helps to activelypromote improve business performance. Executive incentive can promote technological innovationto improve the ratio of R&D investment. Through technological innovation, increase the proportionof R&D investment will help improve business performance. Technical innovation is partially mediated the effects in the process of executive incentive effects on corporate performance. That’sto say, implementation of executive incentive can play an active role in guiding. In the process ofenterprise resource configuration, effectively motivate executives to allocate resources to theinnovation process. To achieve sustainable development and increase corporate businessperformance through increased the percentage of R&D investment.Finally, according to the above research and combined with the problems in theimplementation of executive incentive, as well as in technical innovation process, some feasiblepolicy suggestions are provided to the government, the supervision department and the GEMhigh-tech enterprise itself respectively.