股权激励和公司绩效实证的研究

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1、安徽财经大学硕士学位论文ABSTRACTAsalong-termincentivemechanism,equityincentivemechanismaimstodecreasetheagencycost,promotetheprofitandenhanceeconomicvaluesoflistedcompanies.Inthispaper,therelationshipbetweenequityincentivemechanismfortop-managementandtheperformanceofListedCompanieswereinvestigatedbythe

2、empiricalresearchmethod.Basedonthereviewingofthestate-ofartknowledgeofequityincentivemechanismandthepracticeofthismechanisminourcountry,thevalidityofequityincentivemechanismforcorporateperformancewasstudiedbyco-relationanalysisofROE(i.e.RateofReturnonCommonequityholders'Equity)andequityince

3、ntiveratioof39companiesuntil2010,whicharelistedcompanieswithequityincentivemechanisminShanghaiandShenzhenstockmarkets.Itisfoundthatthereisapositiveco-relationbetweenROEandequityincentiveratiooflistedcompanies,andgenerally,equityincentivemechanismplaysitsdeservedlong-termincentiverole.Itisal

4、sofoundthattheeffectivenessofequityincentivemechanisminstate-ownedlistedcompaniesisbetterthanthatinnon-state-ownedones.Accordingtotheresults,somesuggestionsforpromotingtheeffectivenessofequityincentivemechanisminlistcompaniesarealsoproposedinthispaper,suchasstandardizingandperfectingcapital

5、market,detailingandstandardizingequityincentivemechanism,establishingtheprofessionalexecutivesmarket,settingupscientificassessmentsystemforprofessionalexecutives,perfectingthegovernancestructureoflistedcompaniesandperfectinglegalissuesofequityincentivemechanism.Thesesuggestionswillbebenefic

6、ialtothepracticeofequityincentivemechanisminlistedcompaniesofChina.KEYWORDS：equityincentive，corporateperformance，empiricalanalysis安徽财经大学硕士学位论文目录第一章导论..............................................................4第一节研究背景与意义.................................................4一、研究背景.............

7、.........................................4二、研究意义......................................................5第二节股权激励的内涵.................................................5一、股权激励的概念................................................5二、股权激励的意义........................