DocumentCode :
523814
Title :
Do Equity-Based Incentives Improve the Corporate Performance? The Emprical Evidence from the China Listed Companies after Equity Division Reform
Author :
Yang Huihui
Author_Institution :
Accounting Sch., Shang Hai Inst. of Foreign Trade, Shanghai, China
Volume :
2
fYear :
2010
fDate :
11-12 May 2010
Firstpage :
146
Lastpage :
149
Abstract :
In this paper, I study the relationship between performance of companies and the levels of executive equity-based incentive and find there´s a significantly positive relationship between performance of companies and the levels of restricted stock incentive, but there´s a non-significantly positive relationship between performance and the levels of stock option incentive. On the other hand, the relationship between the equity incentive and corporate performance is not a linear, equity incentive impact on the performance of companies in the state-owned companies and non-state-owned holding companies have a significant difference.
Keywords :
incentive schemes; organisational aspects; principal component analysis; China listed companies; corporate performance; equity based incentives; equity division reform; nonstate owned holding companies; restricted stock incentive; state owned companies; Automation; Board of Directors; Companies; Convergence; Law; Legal factors; Principal component analysis; Proportional control; Risk management; Principal component analysis; Tobin Q; levels of equity-based incentive; performance based on accounting;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Intelligent Computation Technology and Automation (ICICTA), 2010 International Conference on
Conference_Location :
Changsha
Print_ISBN :
978-1-4244-7279-6
Electronic_ISBN :
978-1-4244-7280-2
Type :
conf
DOI :
10.1109/ICICTA.2010.76
Filename :
5523158
Link To Document :
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