摘要
随着我国实施股权激励计划的上市公司越来越多,上市公司中的高送转行为也明显增多。上市公司的高送转行为虽然被认为向外界传递一种公司发展良好的信息,但对于投资者而言,公司未来成长能力状况对其投资行为也会产生关键性影响。通过研究股权激励公司与非股权激励公司的送转股情况及实证分析,发现股权激励及公司成长性均对高送转股利政策有正向影响。
With more and more listed companies which implemented equity incentive plan in China, the high send - rotate behavior of listed companies has also increased significantly. For investors, the future growth ability of the company also plays a key role in its investment, although the high send - rotate behavior of listed companies is considered to deliver a well - developed message from the company. Thus whether there is a correlation between the company growth and the high send - rotate behavior which was studied. In the end, the empirical study finds that equity incentive and the company growth both have positive impacts on high send -rotate dividend policy.
出处
《湖南财政经济学院学报》
2016年第6期20-27,共8页
Journal of Hunan University of Finance and Economics
基金
国家社科基金青年项目"农民工返乡创业与新农村文化建设耦合机制研究"(项目编号:12CGL018)
关键词
股权激励
公司成长性
高送转股利政策
equity incentive
the growth of companies
high send- rotate
