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Executive incentives, team stability and corporate innovation performance

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  • Zhang, Chunyang
  • Zhang, Dongsheng

Abstract

To investigate the correlation between executive incentives, team stability, and corporate innovation performance, this study employed empirical analysis of firms listed in China. The results indicate that there is a significant and positive correlation between executive incentives and the technological innovation performance of corporations; the influence of executive incentives on corporate innovation is partially mediated by team stability; and the effects of different incentive methods vary depending on the type of patent in question.

Suggested Citation

  • Zhang, Chunyang & Zhang, Dongsheng, 2023. "Executive incentives, team stability and corporate innovation performance," Finance Research Letters, Elsevier, vol. 58(PD).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pd:s1544612323010620
    DOI: 10.1016/j.frl.2023.104690
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    References listed on IDEAS

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    Cited by:

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    2. Ximing Yin & Yaxin Su & Ryan Coles & Jizhen Li & Wesley Sine, 2026. "A mixed blessing? The curvilinear impact of institutional investors on corporate innovation in transitional economy," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 12(1), pages 1-38, December.
    3. Bai, Chengyu & Liu, Dan & Liu, Yong, 2024. "Executive team restructuring and corporate ESG disclosure quality," Finance Research Letters, Elsevier, vol. 66(C).
    4. Wang, Pengmian & Liang, Shuguang, 2025. "Internal audit independence, legal person governance structure, and financial reporting quality," International Review of Economics & Finance, Elsevier, vol. 101(C).
    5. Hu, Weixuan, 2025. "Executive pay disparity, internal control, and corporate social responsibility," Finance Research Letters, Elsevier, vol. 74(C).
    6. Ziyan Tan & Xiaobo Wu & Ruhui Chu, 2024. "Impact of Pay Gap on Innovation Performance: The Moderating Role of Top Management Team Diversity," Sustainability, MDPI, vol. 16(17), pages 1-15, August.
    7. Xu, Jing & Luo, Qianfang, 2025. "Controlling shareholder equity pledging, financing constraints, and corporate social responsibility," Finance Research Letters, Elsevier, vol. 76(C).
    8. Che, Shuai & Tao, Miaomiao & Silva, Emilson & Sheng, Mingyue Selena & Zhao, Congyu & Wang, Jun, 2024. "Financial misallocation and green innovation efficiency: China's firm-level evidence," Energy Economics, Elsevier, vol. 136(C).
    9. Fangyun Wang & Wenxiu Hu & Li Liu, 2025. "The U-Shaped Effect of Non-CEO Executives’ Internal Governance on Corporate Innovation Investment: Evidence from China," Sustainability, MDPI, vol. 17(9), pages 1-24, April.
    10. Xu, Hai & Tang, Guohua & Huang, Danmin, 2026. "Executive shareholding, performance evaluation, and innovation investment: an empirical analysis from a governance perspective," Finance Research Letters, Elsevier, vol. 89(C).
    11. Zhou, Xiaoxiao & Dai, Mengsi & Liu, Li, 2024. "Green credit, carbon emission trading and corporate green innovation: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 86(C).
    12. Shi, Lu, 2025. "Better innovation subsequent to political content disclosure: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 88(C), pages 1165-1184.

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