Equity Incentive and Performance Effects of Equity Refinancing——Empirical Evidence from Listed Transportation Firms

摘要：

Managerial Ownership has been the focus of discussion in the corporate performance. We can not conclude whether managers equity incentives is useful or useless. From endogenous research perspective,this paper examine the relationship of the shareholding ratio of executives inspection,the square of executives Shares and the ROA ratio to reach the conclusion whether the equity incentive of Chinese companies is effective. We divide the date on the basis of the actual controllers and analyse what impact incentive,The conclusions as follows: The senior mangers shareholding ratio impact on company performance; The square of the senior mangers shareholding ratio impact on company performance; The other control variables influences on the enterprise performance.

关键词： Equity incentives Managerial Ownership Company performance

作者: LI Dan

作者单位: School of Economic and Management, Shanghai Maritime University, Shanghai, 201306

会议类型: 国际会议

会议名称: The Sixth International Symposium on Corporate Governance(第六届公司治理国际研讨会)

会议地点: 大连

会议语种:英文

页码: 462-467

在线出版日期: 2011-08-20（万方平台首次上网日期，不代表论文的发表时间）