Research On The Relationship Among R&D Equity Incentive And Financial Performance Of IT Listed Companies

China’s IT industry has become one of the leading industry of national economy, for the sustainable development of national economy has a strong pulling effect. It will guide the whole construction machinery are innovative, permeability, features, in constant innovation and diffusion, obtained the rapid development in the process of development and integration, gradually become the leading industry and pillar industry of our country.IT company’s competitive advantage stems from its technological innovation ability,suggesting that the IT industry needs more research and development personnel and increase investment in research and development. However, some risk averse executives don’t want to take too much risk, their R&D investment, and conservative attitude,therefore motivate executives to support R&D project development is very important. IT based on this, this paper takes deep Shanghai listed companies as research samples,organic combination, using descriptive statistical analysis and regression analysis to study the effect of R&D investment on its financial performance and equity incentive regulation effect on the relationship between R&D investment and financial performance,for the subsequent research and IT provide reference for the enterprise research and development management.This paper for the domestic and foreign research results and made a systematic review and review related literature, on the basis of predecessors’ research has formed a research idea, method and framework of this article, combined with technology innovation, research and development, financial performance evaluation system,principal-agent, equity incentive theory related to the corresponding model is established,and the deep Shanghai 94 Chinese IT listed companies during 2010-2013 annual report disclosure of r&d input data, equity incentive data and financial data in regression analysis model, the empirical results are obtained. The research results show that r&d strength of Chinese IT listed companies to enterprise’s profit ability, debt paying ability and operation ability have positive influence, and the intensity of IT listed companies r&d uncertain effects on enterprise growth ability; From IT the equity incentive of listed companies on the relationship between the r&d investment and financial performance ofthe regulating effect of empirical research results, IT listed companies in China equity incentive for r&d and the positive adjustment effect relationship between growth rate of main business profit, and return on equity relationship also has positive adjustment effect.Hope that this article research has certain reference significance for IT industry, capable of r&d investment in listed companies on its financial performance research as well as the right incentives for r&d and the adjustment of the relationship between corporate financial performance effect research provides some references.