Management Incentive, Enterprise Scale and Growth

Based on reviewing the research on the management incentive and growth at home and abroad, the paper selects small and medium-sized listed companies, which are in Shanghai and Shenzhen Stock Exchange during 1998~2002,and the panel data of the period 2002~2005 window. Firstly, the paper inspects management incentive status using the descriptive method. Then, it tests the relationship between management incentive and growth using multiple regression model. It studies these from the whole, and by the scale, by financial leverage level or by industry. Finally, it puts forward suggestion to designing the management incentive mechanism.