Research On The Relationship Among Executives Equity Incentive, Innovation Investment And Enterprise Performance

In the background of modern society that had been from the industrial economy in the 19th century to the knowledge economy era in the 21st century, the development of social economy is relying on high-tech. the innovation ability of the society and enterprise is becoming an important factor of the enterprise’s market competitiveness and national competitiveness. The rapid development of Chinese economy, the enterprises with autonomy and innovative are growing as an important part of the sustainable development of economy of our country. Both macro and micro aspects, the innovation ability has very important significance for social progress and economic development.In the structure of modern corporate governance, the executive incentive is the important area of corporate governance research. Especially the executive equity incentive has become the important means to stimulate the enthusiasm of the executives in the modern enterprise. The enterprise executives who hold the power of the enterprise strategic decision is an important factor of enterprise innovation, and innovation is the key factor for enterprise to obtain the core competitiveness for the enterprise. In the practice of our country enterprise executives equity incentive, is it effective for corporate performance? How is it? Has the Innovation investment the mediation effect between the executive equity incentive and corporate performance?In this paper, we use the 2012,2013 and 2014 data samples of the GEM companies in our country as the research object, and based on the existing literature on the basis of combing, putted forward the research hypothesis and established related regression analysis method and the intermediary variable effect testing method, starting from the executive equity incentive, executive incentive effects on enterprise performance. On the basis of introducing the innovation investment as an intervening variable, further explore innovation is intermediary role between corporate performance and executive equity incentive.Finally, according to the results of this paper, combining with the reality that exist in the executive equity incentive and enterprise innovation and enterprise performance, we puts forward some feasible policy Suggestions and discussion for the future research in the future.