Research On Chairman's Individual Incentive And Technological Innovation Performance Of State-owned Listed Companies

Innovation is not only a key support point for the country's sustainable growth,but also an important factor for the company's long-term development;corporate executives can improve the company's ability to innovate and enhance corporate value,thus,incentives for executives canenhance the company's ability to innovate.As the main force of national innovation,state-owned enterprises,as the “top leaders” of state-owned enterprises,play an important role in innovation and innovation decision-making.Therefore,giving individual incentives to the chairman can enhance the innovation efficiency of enterprises and enhance their innovation performance.However,due to the differences in the characteristics and tasks of state-owned enterprises,it is impossible to adopt a completely consistent incentive method,but appropriate incentives should be adopted according to the actual situation to stimulate,thus improving the innovation performance of enterprises.This paper analyzes the state-owned enterprises from the perspective of classification governance and ultimate controllers,and draws the following conclusions:(1)The personal salary incentives of the chairman of state-owned enterprises are positively correlated with the innovation performance.There is no significant relationship between the personal equity incentives of the chairman of state-owned enterprises and the innovation performance.(2)The personal salary incentives of the chairman of the competition state-owned enterprises are significantly affecting the innovation performance.The personal salary incentives of the chairman of the specific function state-owned enterprises can significantly improve the innovation performance.The personal salary incentives and innovation performance of the chairman of the public-owned state-owned enterprises have no significant effect.(3)The individual equity incentives of the chairman of state-owned enterprises of competition and specific functional categories can significantly increase the investment of innovation,but can not improve the performance of technological innovation;the personal equity incentives and technological innovation performance of the chairman of public welfare state-owned enterprises have no significant effect.(4)The personal equity incentives of the chairman of the state-owned enterprises in the high-GDP regions can significantly improve the performance of technological innovation,while the personal equity incentives of the chairman of the competitive state-owned enterprises in the low-GDP regions cannot improve the technological innovation performance.