Proceedings of the 2020 5th International Conference on Modern Management and Education Technology (MMET 2020)

Private Equity Investment, Executive Motivation and Corporate Research and Development

Authors
Xinsheng DUAN, Xue LI
Corresponding Author
Xinsheng DUAN
Available Online 6 November 2020.
DOI
10.2991/assehr.k.201023.084How to use a DOI?
Keywords
Private Equity Investment, Executive Motivation, Corporate Research and Development, Regulatory Role, Brake Effect
Abstract

By studying the data of companies listed on gem from 2009 to 2019, this paper empirically tested the relationship between private equity investment, executive incentive and enterprise R&D using regression analysis method. The results show that: executive compensation incentive and executive equity incentive are significantly positively correlated with enterprise R&D. Private equity investment has no significant regulating effect on the relationship between executive compensation incentive and enterprise R&D. However, private equity investment has a significant negative regulating effect on the relationship between executive equity incentive and enterprise R&D. On this basis, the robustness test was carried out, and the variable private equity investment was replaced by the shareholding ratio of private equity investment, and the results showed no influence. The results of this paper provide empirical evidence for improving the governance structure of listed companies in China, improving the efficiency of enterprise R&D investment, and promoting the improvement of China’s innovation ability.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2020 5th International Conference on Modern Management and Education Technology (MMET 2020)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
6 November 2020
ISBN
10.2991/assehr.k.201023.084
ISSN
2352-5398
DOI
10.2991/assehr.k.201023.084How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Xinsheng DUAN
AU  - Xue LI
PY  - 2020
DA  - 2020/11/06
TI  - Private Equity Investment, Executive Motivation and Corporate Research and Development
BT  - Proceedings of the 2020 5th International Conference on Modern Management and Education Technology (MMET 2020)
PB  - Atlantis Press
SP  - 413
EP  - 421
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201023.084
DO  - 10.2991/assehr.k.201023.084
ID  - DUAN2020
ER  -