Executive Pay-performance Sensitivity,Corporate Governance and Ambidextrous Innovation
Ambidextrous innovation is the key for enterprises to adapt to market changes and gain competitive advantages.Exploring how to promote ambidextrous innovation and how to balance exploratory innovation and exploitative innovation decision-making is of great importance to the sustainable development of enterprises.Taking Shanghai and Shenzhen A-share listed companies from 2012 to 2021 as the research object,this paper explores the influence of executive pay-performance sensitivity on ambidextrous innovation and the moderating effect of corporate governance on the relationship between the two.The results show that executive pay-performance sen-sitivity can promote exploitative innovation and exploratory innovation,and the promotion effect of exploratory innovation is more obvi-ous.Further research shows that corporate governance can significantly enhance the promotion effect of executive pay-performance sen-sitivity on exploratory innovation,but has no significant impact on the relationship between executive pay-performance sensitivity and exploitative innovation.Therefore,it is suggested that enterprises should design reasonable compensation solutions,improve corporate governance,and increase the investment in ambidextrous innovation.
国家科技期刊平台
NSTL
万方数据
