An Empirical Research On The Shareholding Motivation Effect Of Chinese Listed Companies

First,using new measure of managerial equity incentives,we analyze again the relationship between the equity incentives and the performance of the firms.Contrary to the results of domestic former research,our conclusion is:although the correlative coefficient is low,the equity incentives virtually have positive impact on the performance statistically.Second,there is what the determinants of equity incentives and how they determine the equity incentive level.Our conclusion is the relationship between the equity incentive level and the growth opportunity and the operational efficiency of assets is consistent.