The Relationship Between Explicit Incentives For Executives Of Gem Listed Companies And Enterprise Growth

Enterprise growth represents the operation potential and development prospect of the enterprise,and is an important basis for the investment decision of the enterprise investors.The development of a good growth enterprise will be paid attention to by the bank and the government,so as to enhance the comprehensive competitive strength of the enterprise.With the continuous progress of economy,most enterprises begin to pay attention to technology investment,research and innovation,and constantly try to create new competitive advantages from research and development technology,so as to improve the growth of enterprises.In all kinds of factors of enterprise growth,the power of talents is very critical,especially the management of a company.Under the modem corporate governance mechanism,the conflicts of interests between principal and agent need a good management incentive mechanism to jointly restrain.Therefore,for long-term development,enterprises should explore a reasonable incentive mechanism for senior executives to promote healthy and rapid growth.Based on this,this article 1s based on corporate governance and firm growth theory basis,explicit,eorporate executives are reviewed at home and abroad about the growth,technology innovation,etc.Based on the research review,to choose the gem market in China from 2015 to 2018 of listed companies as research samples,this paper introduced technical innovation adjustment variables,executives from the dominant incentive and enterprise growth,executive dominant incentive and technology innovation,technology innovation and enterprise growth further observation executive dominance incentive and the relationship between the enterprise growth.Based on the data processing,this paper constructs an empirical model of enterprise growth and executive explicit incentives,and introduces intermediate variables of technological innovation,enterprise size and other relevant control variables to specifically discuss the relationship between enterprise growth and executive explicit incentives.Through the study of this paper,it 1s found that the explicit incentives of senior executives are conducive to the enhancement of the r&d investment of enterprises and the improvement of the growth trend of enterprises.The increased investment in r&d technology innovation of enterprises has a positive impact on the growth of enterprises.At the same time,the relationship between the explicit incentives of senior executives and the growth of enterprises can be adjusted to make senior executives more willing to pay attention to r&d investment and enhance the growth of enterprises.In this paper,the innovation point lies in two aspects from the executive compensation and equity incentive,and with the aid of technology innovation in the middle of the impact,explore the gem listed companies of the relationship between executive incentive and enterprise growth,and further analysis of the gem listed companies are in different stages of how to adopt scientific salary incentive,promoting further development and growth of enterprises.