Research On The Relationship Among Executives Incentives?R&D Investment And Enterprise Financial Performance

The wheel of history keeps rolling forward,and the country's economy keeps pace with the social changes and develops steadily.Of a country's economic development is a result of joint action by many factors,social factors on common to need to work hard,good development elements do not represent can make social economy running smoothly,on the other hand,the disadvantage factors does not necessarily bring slow economic development speed,it is because the need factors constantly running in good and bad,will promote economic development.At this moment,it is an important time node--the key point of China's economic transformation."steady growth,structural adjustment and reform" is a direction that all walks of life in China must strive for.The report of the national congress also points out that social and economic development requires common commitment to development and common goals.Nowadays,with the rapid development of economy and society,enterprises of all sizes are groping in the severe economic situation and the tide of competition in the cruel reality,moving forward without stopping.Current is talented person's social,economic and social economic society,the Internet society,under the big data in all of this takes science and technology and the network of the knowledge economy society,the enterprise to be in such a changing environment,or a public under the network environment to survive in the society,thus contributing to my own business and even the society as a whole one power of the "secret" is the need to continuously research and development activities,the scientific and technological innovation,R&D this can inject fresh blood for the enterprise winning magic weapon on a irreplaceable position,and to realize the innovation of science and technology."Science and technology is the first productive force" this sentence is intended to illustrate the importance of science and technology,science and technology need to innovate,I think that can be understood as vitality,innovation machine-made products doesn't make economic development,may make the economy into a backwater,and although R&D will invest a lot of manpower,material and financial resources but whoever made innovation have the competitiveness.It is a strategic support of the country.China is an important carrier of technological innovation.Manufacturing industry is the main force of China's realeconomy.To develop China's economy well,we must revitalize the real economy,which does not mean we can ignore the existence of the virtual economy.The executive of a company is the core of the company and manages the operation of the whole company.Management is a social practice under the action of both external and internal conditions.If you want to make the national economic development,you must pay attention to the survival and development of enterprises.The survival and development of enterprises need to be decided by a qualified manager,and the guiding behavior of managers not only needs theoretical enrichment,but also needs to be concerned about managers.The executive compensation incentive can directly influence the executive to work,the executive to the enterprise enthusiasm.Research and development investment has hysteresis and uncertain returns.Some studies believe that the executive compensation incentive does not necessarily have an impact on the enterprise's research and development investment.To put it bluntly,they believe that strengthening the executive compensation incentive does not necessarily increase the research and development investment.However,some relevant studies have shown that there is a clear relationship between the two,and the research is in the current period,with a lag of one or even three periods.Manufacturing industry is one of the most important industries in China.China's manufacturing industry is a typical technology-driven and innovation-driven industry.In order to achieve a new type of manufacturing industry featuring high efficiency,energy saving,environmental protection and recyclability,it is particularly important to expand the R&D investment of manufacturing enterprises and actively carry out technological innovation activities,so as to improve the innovation level of manufacturing industry.In China,manufacturing industry is a key industry and occupies an important position.The innovation of manufacturing technology flows in the industry like blood,which makes life last.Technological innovation requires investment in research and development,and research and development investment is an essential capital outflow for enterprises.Because China's policy support is large,so the number of Chinese listed companies is more,in order to better study some problems,this article selects the Chinese manufacturing industry listed companies as the research object,the data of listed companies as the research data,the full text of sample selection of Chinese manufacturing listedcompanies,put it as A sample,the data from Shenzhen stock exchange and Shanghai A shares the mainboard.In different life cycles of an enterprise,the planning to be made by the enterprise is different,and the decisions made by senior executives are also different in different life cycles of the enterprise.The executive compensation incentive is different in different stages,so the research conclusion is different in each life cycle.In order to analyze the existing research into a specific stage,this dissertation selects the mature stage of enterprises.Because in the mature stage,all conditions of the enterprise are mature and stable,and the fluctuation effect of the research will be reduced.This dissertation studies the overall perspective from the incentive mechanism,enterprise life cycle(corporate maturity stage),to study the executive compensation incentive,R&D,expected in the study of the existing various can stand out from the crowd at maturity stage,to perfect China's executive compensation incentive system,standardize enterprise management enterprise R&D investment,enhance the level of enterprise financial performance to provide empirical evidence.It is also hoped that the existing research can be refined and relevant Suggestions can be put forward to supplement the research in this aspect.In this dissertation,the research also helps companies identify,corporate executives at mature stage,the enterprise is how to,build more the importance of reasonable compensation incentive mechanism,through the reasonable design salary incentive mechanism,arouse the enthusiasm of executive management research and development activities,and obtain the best R&D performance,to cultivate enterprise's core competitiveness.Through the continuous research and development of the enterprise itself,inject fresh blood into the enterprise.Under the guidance of the 19 th CPC national congress,continuous research and development will realize continuous innovation and promote the better development of the enterprise with innovative results.