The Research To The Influential Factors Of Equity Incentive Mode Selection

Equity incentives as an effective way to solve the principal-agent problems, is being more and more attention to China’s listed companies. Depth analysis of many scholars and made numerous recommendations for improvements particularity macro and micro environment, but after the split share structure reform and the implementation of new equity incentives for specific industries listed company equity incentive mode selection factors research relatively scarce. Manufacturing is a traditional industry, IT industry is an emerging industry, the paper industry, the difference angle as an entry point to the Shanghai Stock Exchange A share market first announcement manufacturing and IT industries listed company’s equity incentive plan to draft a sample empirical Research and case studies a combination of research equity incentive mode selection factors proper.Empirical research, the choice of January1,2006to March1,2014the Shanghai Stock Exchange A share market first announcement manufacturing and IT industries listed company’s equity incentive plan to draft a sample corresponding theoretical support on the basis of through the establishment of research hypotheses and influence factors analysis model manufacturing and IT industries listed companies incentive mode selected empirical studies. The empirical results show that:the time factor is the impact of equity and equity incentive model properties selected significant factors. Case studies, the manufacturing listed company Baosteel Group Corporation and Loncin General Dynamics Corporation, for example, listed companies in the information technology industry to UF Software Co., Ltd. and Blockbuster New Media Co., Ltd., for example, through the respective industry equity incentive mode selection between cases and comparative analysis of two cross-industry comparison of cases, the results of the empirical analysis confirms and indicates their problems. Deal with the problems, the paper puts forward policy proposals from companies outside the micro-macro environment and internal environment.