欢迎来到天天文库
浏览记录
ID:31941807
大小:5.70 MB
页数:70页
时间:2019-01-29
《高科技上市公司股权激励绩效研究》由会员上传分享,免费在线阅读,更多相关内容在应用文档-天天文库。
1、高科技上市公司股权激励绩效研究AbstractEquityincentiveisoftenasakindoflong-termincentivemechanism,anditspositiveroleistomaketheoperatorstoparticipateindecision—making,sharetheprofitandrisk,SOtheycancombinetheirowninterestsandthecompanyintereststhroughaccesstoeconomicrightsgivenbythecompa
2、ny.Currently,Chinaisactivelypromotingequityincentivesystemofcorporatewiththestockmarketenvironmentbecomingmoreandmoremature.In2005,ChinaSecuritiesRegulatoryCommissionissued”the”CompanyLaw”.that’S”SecuritiesLawEquityIncentiveManagementofListedCompanies(Trial)”andtheSASACan
3、dtheMinistryofFinancejointlyissuedandimplementedthelawof”StateHoldingListedCompanies(Domestic)implementationofequityincentivepilotscheme”on2006OnSeptember30.WiththedeepeningofChina’Sreformandbusinessestocompleteshareholders’reform,theequityincentivesystemwillbefullyimplem
4、ented.Partoflistedcompaniesproposedequityincentiveplan,reformingtheshareofproposedequityincentiveplan.Atpresent,forthehigh-techindustrywithhighgrowth,highintelligenceandhigh-riskcharacteristics,it’Sthemostcommonforthehigh—techindustrytocarryoutequityincentiveaccordingtost
5、atistics.Theimplementationeffectofequityincentivemechanisms,executedbyhigh-techlistedcompanies,hasbecomethefocusofthisstageandthebusinesscommunity.So,whetherarethoseequityincentiveplansdesignedbyChina’Shigh-techlistedcompaniesreasonableatthisstage?Howdothoseplansimplanted
6、bythehigh-techlistedcompaniesaffectperformanceofcorporate?Inordertoachievethedesiredresults,howcantheybegintoimprovetheseincentiveschemes?Therefore,throughsinglecasesofequityincentiveprograms,basedontherelevantequityincentivetheory,usingthecasestudymethod,thisarticleanaly
7、zedtheequityincentivebackgroundandcontentsofthecasesindetails,comprehensiVelycomparingtheeffectsoftheimplementationofequityincentiveplanbetweentheUFSoftwareandZTE.Onthisbasis,thearticlestudyeffectofimplementationofequityincentiveinthewholeofChinesehigh.techindustry.Then,w
8、eexploredthecorrelationbetweentheequityincentiveandcorporateperformancebyempiricalstudy.Thestudy
此文档下载收益归作者所有