摘要
以股权激励动机为视角,研究了两类动机下高管股权激励与公司绩效之间的关系。研究结果表明,两类动机下的高管股权激励与公司绩效之间的关系显著不同:相比于非激励型股权激励与公司业绩呈不显著的负相关关系,激励型高管股权激励却能显著提高公司业绩。
From the perspective of executive equity motivations, this paper studied the relationship between the two types of executive equity motivations and corporate performance. We found that the relationships of the two types of motivations of executive equity with corporate performance are significantly different： compared with the welfare-based motivation equity was insignificant negative correlation between the performances of the company, while the incentivebased one significantly improves the performance of the companies.
出处
《财经理论与实践》
CSSCI
北大核心
2014年第2期84-90,共7页
The Theory and Practice of Finance and Economics
基金
国家自然科学基金面上项目(70801051)
国家自然科学基金重大项目(71090402)
中央高校基本科研业务费创新项目(SWJTU11CX090)
关键词
高管股权激励
激励型动机
非激励型动机
公司绩效
Motivation of Executive Equity
incentive-based motivation
non-incentive-based motivation
firm performance
