Do equity-based incentives improve the corporate performance?-the emprical evidence from the China Listed Companies after Equity Division Reform

摘要：

in this paper, I study the relationship between performance of companies and the levels of executive equity based incentive and find theres a significantly positive relationship between performance of companies and the levels of restricted stock incentive, but theres a nonsignificantly positive relationship between performance and the levels of stock option incentive. On the other hand, the relationship between the equity incentive and corporate performance is not a linear, equity incentive impact on the performance of companies in the state-owned companies and non-stateowned holding companies have a significant difference.

关键词： levels of equity-based incentive performance based on accounting Tobin Q Principal component analysis

作者: YANG Huihui

作者单位: Accounting School, Shang Hai Institute of Foreign Trade, Shang Hal, 201620, China

会议类型: 国际会议

会议名称: 2010 International Conference on Intelligent Computation Technology and Automation(2010 智能计算技术与自动化国际会议 ICICTA 2010)

会议地点: 长沙

会议语种:英文

页码: 1316-1319

在线出版日期: 2010-05-11（万方平台首次上网日期，不代表论文的发表时间）