Compensation Incentive of Executives under the Situation of Synergy or Mutual Exclusion of Corporate Profit and Innovation Tasks: Based on Incentive Game Model between Principal and Agent

Table 8

Model regression result (exclusive).

Variable	Model (36)		Model (37)
	ECS		Lnpay
	Regression coefficient	T-value	Regression coefficient	T-value
μ	0.037	(1.706)	−0.001	(−0.112)
ROE			0.003	(0.580)
μ × ROE			−0.002	(−0.568)
LEV	−0.356	(−2.195)	−0.124	(−3.197)
GQP	0.007	(0.681)	0.004	(2.079)
LNBOARD	0.879	(1.629)	0.319	(3.176)
DUAL	0.056	(0.367)	−0.001	(−0.023)
GROWTH	−0.000	(−0.190)	−0.000	(−1.376)
RATIO	0.369	(0.239)	−0.108	(−0.377)
Ind	Control variable
Year	Control variable
Province	Control variable
_Cons	−2.728	(−1.458)	12.691	(25.035)
N	1971		3077
Adj.	−1.510		−0.661
F-value	1.490		8.030
value	0.027		0.000

Note. means significant at 1% level, means significant at 5% level, means significant at 10% level.