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| Promotion Incentive and Innovation Performance of ChiNext Company |
| Zhu Yongming,Jia Ming'e,Zhao Chengcheng |
| College of Management Engineering, Zhengzhou University, Zhengzhou 450001, China |
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Abstract This paper investigated the impact of internal promotion incentive on innovation performance with a sample of the Chinese ChiNext companies．The empirical results show that the internal top managers' promotion incentive inhibits the input and output of the enterprise innovation project,and the staffs' promotion incentive promotes the innovation level of the enterprise.Under the situation that the enterprise R&D investment remains unchanged,the top managers' incentive will inhibit the innovation out of the enterprise.Staffs' promotion incentive are significantly positive to the innovation performance of enterprise.Further research shows that the effect of promotion incentive on enterprise innovation performance will be different due to the difference of enterprise growth.The research re-recognizes the influence of the promotion contract on the innovation performance,and has important theoretical and practical significance to the motivation mechanism of the enterprise personnel.
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Received: 19 May 2017
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Corresponding Authors:
Zhu Yongming
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