Salary Contract Design and Corporate Innovation Ability: Evidences Based on the Revenue Recognition Policy of Listed Software Companies

Abstract

Abstract: Taking software listed companies from 2001 to 2018 as the research objects, this paper starts from the revenue recognition policy that affects accounting performance to explore the impact of performance correlation on the usefulness of compensation contracts in software industry and its economic consequences. The findings show that the companies using the percentage-of-completion method have a higher sensitivity to remuneration performance, indicating that the performance correlation will affect the choice and use of performance indicators in executive compensation contracts, and that the companies using the percentage-of-completion method have a higher sensitivity to remuneration performance and also have an outstanding corporate innovation ability, indicating that incorporating the performance indicators into the executive compensation contracts is conducive to the innovation in software companies.

Key words: performance compensation, innovation, completion contract method, completion percentage

CLC Number:

F275.2

WANG Fang, ZHAO Xi-bu. Salary Contract Design and Corporate Innovation Ability: Evidences Based on the Revenue Recognition Policy of Listed Software Companies[J]. Contemporary Finance & Economics, 2020, 0(7): 138-148.

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