Promotion Incentive, Growth and R&D Expenditure of ChiNext Company

Science Research Management ›› 2016, Vol. 37 ›› Issue (10): 51-59.

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Promotion Incentive, Growth and R&D Expenditure of ChiNext Company

Kang Hua ^1,2, Hu Wenxiu¹, Wu Zuguang¹, Zhao Xin¹

1.School of Economics and Management, Xi’an University of Technology, Xi’an 710054, Shaanxi, China;
2. Postdoctoral Station of Management Sciences and Engineering,
Xi’an University of Technology, Xi’an 710054, Shaanxi, China

Received:2014-11-21 Revised:2016-03-14 Online:2016-10-20 Published:2016-10-17

Abstract

Abstract: this paper investigated the impact of promotion incentive on R&D strategy with a pooled data sample of the 1145 publicly listed Chinese ChiNext companies for the period 2009-2013. The results showed that the top managers’ promotion incentive was significantly negative to R&D and the staffs’ promotion incentive was significantly positive to R&D. Further evidence showed the growth could moderate the relationship between staff promotion incentive and R&D.

Key words: promotion incentive, growth, R&D

Kang Hua, Hu Wenxiu, Wu Zuguang, Zhao Xin. Promotion Incentive, Growth and R&D Expenditure of ChiNext Company[J]. Science Research Management, 2016, 37(10): 51-59.

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Promotion Incentive, Growth and R&D Expenditure of ChiNext Company

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