The Draft Of The Listed Company Equity Incentive Is "motivational" Or "self-interest"?

In this paper, we answer two questions. The first one is what factors affect a listed company awarded executives’equity incentives. The second problem is the effect of the draft of equity incentive is incentive or self-interested.For the first question, we selected360listed companies which haven’t adopted stock option and belong to the same industry and have the similar scale of the asset with the360listed companies will adopt stock options. We selected12variables which indicate corporate governance, the company’s financial position and firm characteristics as independent variables to do the logistic regression.For the second question, we considered the360listed companies as the sample. We adopt four methods to divide the draft of equity incentive into two types which are "incentive stock option" and "self-interested stock option". We selected13variables which indicate corporate governance, the company’s financial position and firm characteristics as independent variables to do the logistic regression to find out what factors affect a listed company designed a equity incentive into "incentive stock option" or "self-interested stock option".