Research on Correlation between the Stockholder’s Rights Incentive and the Performance of Real Estate Listed Enterprises in China

摘要：

The pay-performance sensitivity is the core issue of stockholder’s rights incentive, while many factors affect the effectiveness of stockholder’s rights incentive of real estate enterprises. Through selecting samples of Chinese listed real estate companies, using factor analysis method to determine the comprehensive performance index of samples, introducing control variable, this paper makes an empirical study on correlation between the stockholder’s rights incentive strength and the real estate companies’ comprehensive performance index. The finding shows that the listed real estate companies’ comprehensive performance index has significant positive correlation with stockholder’s rights incentive strength. Finally, this paper gives conclusions and suggestions on perfecting stockholder’s rights incentive and improving performance of Chinese listed real estate companies on the basis of the above study.

关键词： real estate enterprises stockholder’s rights incentive firm performance

作者: GAO Yanru LIU Hongyan YUAN Hang

作者单位: School of Management, Harbin Institute ofTechnology, Harbin, China 150001 School of Management, Harbin Institute ofTechnology, Harbin, China 150001 School of Management, Harbin Institute of Technology, Harbin, China 150001

会议类型: 国际会议

会议名称: 2009 International Conference on Construction & Real Estate Management(2009建设与房地产管理国际会议)

会议地点: 北京

会议语种:英文

页码: 1225-1229

在线出版日期: 2009-11-05（万方平台首次上网日期，不代表论文的发表时间）