Management Equity Incentive and Performance: Evidence from Listed Companies of Manufacturing Industry

被引：0

作者：

Huang, Jun ^{[1
]}

Zou, Yushan ^{[1
]}

Zhu, Guowei ^{[1
]}

机构：

[1] Hunan Univ, Sch Management, Changsha 410082, Peoples R China

来源：

ELEVENTH WUHAN INTERNATIONAL CONFERENCE ON E-BUSINESS | 2012年

关键词：

equity incentive; financial performance; ownership concentration; managerial ownership proportion; OWNERSHIP STRUCTURE; AGENCY COSTS;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

As an important long-term incentive mode, the equity incentive promotes the managers to contribute to the interest uniformity of managers and shareholders. By using Paired-Samples T test methods and regression analysis method and choosing companies that issued the equity incentive plan in 2007 as the sample, this paper comparatively analyzes the differences in the performance of companies before and after the implementation of equity incentive, companies implementing equity incentive and ones not. Furthermore, factors which influence equity incentive effect are examined. The results show that equity incentives can promote the company's performance and the incentive effect should be better in the companies of state-control holding or low ownership concentration companies.

引用

页码：571 / +

页数：2

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