Research on the Impact of Stock Incentives on Firm Innovation Performance

Innovation is the driving force of economic development. How to take effective incentives promote innovation an important issue in theoretical research. Based on data China's A-share listed companies from 2008 2018 as a sample, this paper analyzes relationship between equity and corporate performance based perspective R&D incentives. The study found that: have significant positive effect improving capabilities Firms; effects state-owned enterprises are more than non-state-owned firms; impact firm affected by organization’s internal risk-taking ability , stronger risk-bearing ability, role promoting innovation; intensity market competition outside organization also has at same time, compensation There complementary relationship, salary will strengthen innovation. research enriches content incentives, provides guidance for firms adopt improves performance. It enlightenment significance high-quality development Chinese firms.