The Influence Of The The Compensation Gap Between The Executives And Workers On The Enterprise Creation

At present,the development of Chinese economy has entered a new normal statement,and the implementation of independent innovation strategy is the only way to achieve the goals of development.However,the compensation gap has a wide and far-reaching impact on the implementation of innovation strategy.Reasonable compensation arrangement can stimulate people's sense of competition and promote the improvement of output efficiency and innovation level.However,excessive compensation gap will inevitably damage social equity,reduce people's job satisfaction,and then adversely affect the enhancement of independent innovation ability.Therefore,it is of great practical significance to study the influence of salary gap on enterprise innovation,and it can be concluded that a reasonable salary gap range can provide corresponding references for enterprises and governments in formulating enterprise policies and innovation management.Through the descriptive statistics of selected variables analysis,Paper found that,there exists a positive correlation with compensation gap and total enterprise application for a patent.The Tobit regression of the overall sample proves that the increase of the compensation gap for the role in promoting enterprise innovation ability,mainly promote the number of an application for a patent for technology enterprise,but the quality of patent applications(patent)promoting effect is not significant.In the robustness test,both the introduction of tax as a tool variable and the substitution of R&D expenditure for the number of patent applications show strong robustness,and the above conclusion is still valid.Furthermore,through theoretical derivation and threshold regression model analysis,it is found that the effect of the compensation gap on the innovation output of enterprises is of the form of "U",and the total effect can be divided into positive effect and negative effect.According to the threshold value,the segmented study on the compensation gap shows that: when the pay gap is lower than 53.44 times,the positive effect plays a leading role and promotes the increase of the number of patent applications;When the gap is between 53.44 times and 92.42 times,the positive and negative effects reach an equilibrium,and the salary gap has no significant impact on patent application.When the gap is greater than 92.42 times,the negative effect will gradually occupy the dominant position and produce a reverse promoting effect,resulting in the decline of innovation ability.Finally,due to the nature of property rights and the nature of enterprises' technology orientation may have a greater impact on the results,the study classifies enterprises according to whether they are high-tech enterprises or state-owned enterprises.It is found that no matter whether the enterprise is a high-tech enterprise or not,the compensation gap has a positive effect on the total number of patent applications(quantity of innovation),but for invention patent(quality of innovation),it only has a significant effect on the high-tech enterprise.The compensation gap has a significant inhibitory effect on the total number of patent applications of state-owned enterprises,but a significant promoting effect on private enterprises.Based on the conclusions,this paper puts forward some Suggestions: it is necessary for shareholders and the board of directors to evaluate the existing incentive mechanism and performance evaluation to balance competitiveness and fairness;From the perspective of social equity,the government should continue to introduce a series of mandatory regulatory measures to regulate the development and innovation of enterprises.The government should take marketization process of state-owned enterprises into consideration.