Government Subsidy, Executive Compensation and R&D Input—Empirical Study on a-share Listed Company

Abstract

Based on the panel data of a A-share listed company in 2014-2016, this paper studies the relationship between government subsidy and R&D input by using Non-linear regression model. The research shows that government subsidy can promote the investment of research and development; The relationship between the government subsidy and R&D input has a positive moderating effect in private enterprises, and the executive compensation in the state-owned enterprise has a negative moderating effect on the relationship between the two. The conclusion of the research has some enlightenment in improving the innovation ability and the efficiency of the listed companies in our country.