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

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 companys performance and the incentive effect should be better in the companies of state-control holding or low ownership concentration companies.

关键词： equity incentive financial performance ownership concentration managerial ownership proportion

作者: Jun Huang Yushan Zou Guowei Zhu

作者单位: Management School, Hunan University, Changsha, 410082, China

会议类型: 国际会议

会议名称: The Eleventh Wuhan International Conference on E-Business(第十一届武汉电子商务国际会议)

会议地点: 武汉

会议语种:英文

页码: 571-578

在线出版日期: 2012-05-26（万方平台首次上网日期，不代表论文的发表时间）