Case Study Of Equity Incentive Performance Of Chinese Real Estate Liseted Companies

Equity incentive is a According to modern management theory, share incentive mechanism is an effective long-term incentive system which confirms with the long-term development of modern enterprises. Due to the labor-intensive and capital-intensive characteristics of the real estate industry, many listed real estate companies in China are adopting share incentive mechanism in the implementation phase. Therefore, research on the feasibility and effectiveness of the share incentive mechanism has become a subject worthy of being studied. Doing research on these problems has very important practical significance. In order to provide data basis and case support for the theoretical research and practical behavior of equity incentive, this paper evaluates the equity incentive program of listed companies in real estate listed companies in our country in the following two perspectives on the basis of the related theory of equity incentive, the system background of our country. And the two perspectives are as follows:the first is evaluating rationality of the equity incentive program of listed companies in Real estate listed companies in our country in incentive pattern, incentive target and incentive effect perspective; the second is evaluating implementation effect of the equity incentive program of listed companies in Real estate listed companies in our country in financial perspective.This paper studies the equity incentive performance of listed companies in Real estate listed companies in our country in the form of case analysis, adopting Financial-Index Method and Event-Study Method to do specific quantitative analysis of equity incentive performance from long-term performance perspective and short-term wealth effect perspective respectively, and selecting two typical cases to do case analysis. Meanwhile, in order to analyze the rationality of the equity incentive program of listed companies in Real estate listed companies in our country, this paper evaluate the cases in incentive pattern, incentive target and incentive effect perspective. This paper makes a comprehensive evaluation of the design and implementation of equity incentive program of listed companies in Real estate listed companies in our country, which explain the effect of equity incentive on the performance of listed companies in Real estate listed companies in our country and the present situation of equity incentive implementation.The main contribution of this paper are as follows:Firstly, since this paper adopts Financial-Index Method and Event-Study Method to make a comprehensive evaluation of equity incentive performance of listed companies in Real estate listed companies in our country from long-term performance perspective and short-term wealth effect perspective respectively, the evaluation results are comprehensive and reasonable;Secondly, combined with the overall analysis of equity incentive performance of sample companies, this paper selects typical sample GAMDALE to do case analysis and draws more comprehensive research conclusions.