Empirical Research on the Relationship Between Management Shareholding Stimulation and Companys Performance
A large body of theoretical and empirical studies has been devoted to the relation between management shareholding stimulation and company s performance.Based on the prior findings,the present paper introduces the element of market competition.In this study,the dependent variable is the managerial ownership proportion; the independent variable is the synthetic financial performance of the companies,and the company size and the industry which the company belongs to are the controlled variables.The sample is selected from the listed companies in monopoly industries and competing industries respectively.The analysis method applied is econometric to distinguish the correlation between managerial ownership proportion and company s performance.The results elucidate that in monopoly industries,there is no correlation between the management shareholding stimulation and the enterprise s performance;in the competitive industries,it is good for enterprise s performance to do management shareholding stimulation.
Management sharehoiding stimulation Companys performance Beyond property-right theory Competition
Guo Jingyuan Ji Jiankun Liu Jia
School of Management,Harbin Institute of Technology,Harbin,150001 School of Management,Neimenggu Institute of Technology,Hohhot,010051
国际会议
杭州
英文
412-419
2008-04-21（万方平台首次上网日期，不代表论文的发表时间）