An Empirical Study On The Impact Of Stockholder 's Incentives On Corporate Financial Performance In China

In knowledge economy era, the competition of market economy has been gradually by mechanical production oriented competition to the human capital oriented competition, human capital has become the core resource in the present era. Therefore, how to fully improve the utilization efficiency of human capital, and create more benefit for enterprises, become a hot issue in current theory circle and practice circle.Equity incentive as a kind of management human capital incentive means, from its inception, has been more and more applied to the listed Corporation, in promoting enterprise development and social progress, has played the role of play a decisive role. As a kind of excellent human resource management mechanism, stock incentive system was lead into domestic in the early 90 century, the original driving force is the state-owned enterprises as the leading factor, however, at this stage, with the implementation of equity incentive system used in more and more private enterprises, equity incentive system brought out a new weather, with private enterprises as the leading the wave of equity incentive, swept across our country medium and small board and the GEM market, how is the implementation of equity incentive ’s situation? What kind of problems it faced with? How is the implementation of equity incentive effect? This paper will present an inside study on this topic.This paper mainly includes the following four parts: the first part, This article analyzes and summarizes the related theory and research at home and abroad, look again equity incentive from the perspective of basic theory, clear the definition of equity incentive, introduce domestic and foreign research achievements about the equity incentive, grasp the research context of the equity incentive system, build a solid foundation theoretical basis for the subsequent empirical research; second, this paper introduce the brief history and current situation of China’s equity incentive, introduce the general situation and the current situation of the development of equity incentive system in China, and analyze some problems of China’s equity incentive in the process of implementation; third part, Empirical analysis, through the use of Excel table and SPSS19.0 data analysis tool to analyze the equity incentive effect on the listed Corporation’s financial performance with the method of factor analysis and multiple regression. The fourth part, suggestions and prospects, put forward some suggestions to improve the equity incentive system based on norm and empirical analysis, provides some reference for the decision-making layer and the enterprises which implement equity incentive.