Research On The Relationship Between Equity Incentive,ambidextrous Innovation And Enterprise Performance

Currently,countries around the world are facing serious challenges,with problems such as new crown pneumonia and energy shortage plaguing various countries,and innovation has become an important breakthrough in their search for new development.Since the 18th National Congress of the Communist Party of China, the Central Committee with Comrade Xi Jinping at the core has taken innovation as the primary driving force for leading development.The 20 th Party proposes to insist that science and technology is the first productive force,talent is the first resource and innovation is the first driving force,and to improve the science and technology innovation system.In addition,the improvement of corporate performance is a topic that management has long been concerned with a view to making a breakthrough;a certain degree of equity incentive for executives is a key factor that effectively ties the two together.This paper conducts a study on the relationship between equity incentives,dual innovation,and firm performance.This paper conducts a study on the relationship between equity incentives,ambidextrous innovation,and firm performance.Based on the theories of equity incentive theory,principal-agent theory and innovation,this paper selects high-tech enterprises listed in Shanghai and Shenzhen A-shares from 2017 to 2021 as the research sample,and conducts empirical tests on the data through Stata 15.0.Finally,the following conclusions are obtained: equity incentive significantly and positively affects corporate performance;exploratory innovation and exploitative innovation significantly and positively affects corporate short-term and long-term performance,and equity incentive plays a significant and positive role in promoting between exploratory innovation and corporate performance and exploitative innovation and corporate performance.This study enriches the research on equity incentives,ambidextrous innovation,and firm performance with a more novel perspective and focuses on the moderating effect of equity incentives on the relationship between ambidextrous innovation and firm performance.Based on the results of the empirical study,this paper proposes the following countermeasures for high-tech enterprises to reasonably formulate equity incentive plans,orderly carry out innovation activities,and effectively improve performance:First,improve the equity incentive system and formulate appropriate equity incentive plans.Second,enhance the innovation ability of enterprises,improve the innovation consciousness of enterprise managers,and improve the talent pool of enterprises.Third,make equity incentive policies and innovation decisions that match the nature of the enterprise,so that the equity incentive system and the innovation decisions of the enterprise can match each other.