Executive Pay Gap and R&D Investment of Enterprise：Based on the Situational 
Role of TMT Reorganization

Abstract

Abstract: Based on the theory of TMT behavior integration, this paper analyzes the relationship between executive team reorganization and executive compensation gap,and the regulatory effect of executive team reorganization on the relationship between pay gap and R&D investment. In addition, this paper further discusses the above regulatory effect based on CEO change status. The results show that there is a negative correlation between TMT reorganization and executive pay gap, and the reorganization of TMT will weaken the positive supporting role of executive pay gap on R&D investment. This fully confirms that when TMT reorganization happens, enterprise will tend to narrow the pay gap in order to prevent the promotion struggle and promote the rapid integration of TMT for carrying out R&D cooperation smoothly. In addition,compared with the unchanged CEO, the negative effect of executive team restructuring on the relationship between executive compensation gap and R&D investment is more significant when CEO changes.

Key words: executive pay gap, R&D investment, TMT reorganization, CEO change

ZHU Fang-fang1, LI Hai-jian2. Executive Pay Gap and R&D Investment of Enterprise：Based on the Situational Role of TMT Reorganization[J]. 商业研究.

References

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Executive Pay Gap and R&D Investment of Enterprise：Based on the Situational Role of TMT Reorganization

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