Research on the Relationship between Managerial Equity Incentive and Corporate Performance
Based on the section data of Chinese listed companies in 2009, this paper conducted empirical analysis on managerial equitys impact on corporate performances. As a result, it is found that when the proportion of managerial equity is less than 4.8％ of the companys total stock, there is an indistinctive negative correlation between managerial equity incentive and corporate performance; when the proportionrr of managerial equity is more than 4.8％ of the companys total stock, there exists a significant positive correlation between managerial equity incentive and corporate performance. This article holds the view that managerial equity incentive must reach a certain scale. Whats more, it is required that as corporate scale is enlarged consistently, the increase degree of managerial equity quantity should be higher than that of enterprises total stock. Therefore, the convergence of interest effects between managerial shareholding and enterprises value can be reflected.
Ownership incentive Performance Regression test Proportion of shareholding
XIE Zheng
Department of City Management, Hunan City University, Yiyang City, Hunan, P.R. China 413000
国际会议
济南
英文
307-311
2011-10-01（万方平台首次上网日期，不代表论文的发表时间）