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 7

Model regression result (synergistic).

Variable	Model (34)		Model (35)
	ECS		Lnpay
	Regression coefficient	T-value	Regression coefficient	T-value
μ	−0.041	(−2.693)	0.002	(0.442)
ROE			0.003	(1.301)
μ × ROE			0.004	(1.005)
LEV	−0.065	(−0.456)	−0.197	(−6.808)
GQP	0.000	(0.049)	−0.000	(−0.136)
LNBOARD	0.682	(2.405)	0.225	(3.411)
DUAL	−0.022	(−0.325)	0.015	(0.940)
GROWTH	0.008	(0.307)	0.007	(1.028)
RATIO	−0.195	(−0.256)	−0.198	(−1.118)
Ind	Control variable
Year	Control variable
Province	Control variable
_Cons	−2.177	(−1.564)	13.075	(43.560)
N	5243		6631
Adj.	−0.501		−0.003
F-value	2.260		27.900
value	0.000		0.000

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