高新技术上市公司高管薪酬差距对研发投入的影响研究会计学专业论文.docxVIP

AbstractHigh-tech Abstract High-tech enterprises are the mainstay of technological innovation in our country． Its innovation ability is not only related to the country’S independent innovation level， but also to the promotion of ente印fise’S competitiveness，thus for High-tech enterpriSes，RD spending is particularly important．Executives have decision—making power．They master the rich information resources．For personal benefits and the risk point of view,the RD investment is often more circumspect． Principal-agent theory insists that discrepancy between top managemem and shareholders can be effectively alleviated by taking certain proper measures of encouragement on top management．Hence shareholders and top management can reach an a擎eement in terms of interest and they are encouraged to make strategic decisions including RD investment from the angle of business’S long‘term development．A reasonable pay gap is important for compensation mechanism to play its incentive effect,the important factors in recent years，the executive paY gap problem cause the attention of the academia，the tournament theory is that executive pay gap within the team，the greater the incentive effect is better．Based on the principal-agent theory and tournament theory framework，this paper uses the method of combining normative and empirical research，studies the effect of executive pay gap on RD spending ofnew and high technology listed companies· This essay comprises 5 parts．Part 1 intxoduces the essay’s research background and its significance，research briefs from home and abroad,research thoughts and approaches。innovation and characteristics．Part 2 is composed of relevant theories and f．0undations．It defines concepts including top management,pay difference and RD investment as well as elaborates principal agent theory and tournament theory， Part 3 is theory analysis and research hypothesis．This part depicts the current situation of pay difference of China’s listed companies and RD investment,studie