Research On The Impact Of Core Technical Employee Equity Incentive And Corporate Innovation Output

Innovation is an inexhaustible driving force for the survival and development of a country,and it is the embodiment of economic strength and even comprehensive national strength.This is especially true for enterprises.Only by actively innovating can they stand out in the fierce market competition.Innovation has become the main theme of contemporary scientific and technological development.How to stimulate innovation enthusiasm and improve innovation ability has become a current research hotspot.Current research generally agrees that the implementation of equity incentives for employees can improve the innovation ability of enterprises,but most literatures only take executives as the research object of equity incentives to explore the impact of executive equity incentives on enterprise innovation investment,and the relationship between core technical employees and enterprise innovation.There are few studies on relationships.Talent is the first resource,human capital advantage is the driving force of enterprise innovation,and core technical employees are the direct contributors to the innovation output of enterprises.Excellent technical staff,it is very important to improve innovation ability.This paper analyzes the implementation of equity incentives in A-share listed companies from 2009 to 2020,and uses the number of patents as the basis for measuring innovation output to explore the relationship between equity incentives for core technical employees and corporate innovation output.This paper takes the motivation of equity incentive implementation as the breakthrough point,combines the design of incentive plan and the influencing factors of enterprise innovation,puts forward research hypotheses,and studies the impact of equity incentives for core technical employees on enterprise innovation output through empirical analysis.In the construction of the regression model,the variables that affect the effect of equity incentives on enterprise innovation are controlled to verify the relationship between equity incentives for core technical employees and innovation output,and then group regression is used to verify the impact of equity incentives and property rights on innovation output.moderating effect.In order to further test the hypothesis of this paper,the method of replacing variables and adding missing variables is used to test the robustness.Finally,the core technical employees’ equity incentive strength and incentive range are used as explanatory variables to further expand the test,and the relevant assumptions of this paper have been verified.Through empirical analysis,this paper draws the following conclusions: the implementation of equity incentives for core technical employees can significantly increase the innovation output of enterprises,and the greater the incentive intensity and the wider the scope,the more obvious the convergence effect of the interests of core technical employees and owners,and the innovation output of enterprises.Compared with restricted stocks,core technical employees do not need to bear the risk of enterprise innovation failure under the incentive method of stock options,avoiding the performance pressure of restricted stocks.,which is more conducive to improving innovation output;the nature of ownership will adjust the incentive effect of core technical employee equity incentives on innovation output.In non-state-owned enterprises,core technical employee equity incentives have a more significant role in improving innovation output.In view of the above conclusions,combined with the current situation and existing problems of the implementation of equity incentives in my country,this paper analyzes from the perspectives of equity incentive objects and program design,and formulates reasonable incentive programs for enterprises to improve the implementation effect of equity incentives.countermeasures.