“…In other words, monetary incentives can align senior executives' personal interests with enterprises' values, so as to motivate more technological innovation activities for sustainable development. Furthermore, higher monetary incentives can alleviate senior executives' concerns to a certain extent, thus empowering them to pursue more innovative projects (Francis et al, 2019;Zhu et al, 2023). In a study conducted by Zhou et al (2021), executive compensation incentives had a significantly positive impact on corporate innovation.…”