The Study On The Impact Of Equity Incentives On Corporate Investment Behavior

Under the current pattern of economic development,the enterprise owners by hiring professional managers to achieve the better development of enterprise,and then due to the inconsistency between the target and the asymmetric information and agency cost,which influence the development of enterprises.Then through the introduction of equity incentive system,to form the enterprise operator's incentive and constraint,affect the operator's behavior,improve the effectiveness of the enterprise investment behavior,achieve the sound development of the enterprise.In this paper,the various factors of the company equity incentive system,through the contrast analysis of different incentive system is how to impact on firms' investment behavior.Based on the fully draw lessons from domestic and foreign scholars,on the basis of relevant research results,through the use of case analysis,theoretical analysis and comparative analysis,further study of the listed company equity incentive in China's influence on investment behavior.This article selects Shanghai jahwa united co.,LTD.,net profit,return on net assets,long-term equity investment,intangible assets,fixed assets and other relevant financial data as sample,produced by Shanghai jahwa implemented different equity incentive plans of investment and income data contrast analysis,study the equity incentive how to influence the investment behavior of listed companies in our country,find out the different incentive object,incentive system and performance indicators of exercise set respectively for the company will produce what kind of influence,through the analysis of the specific problems put forward some policies to further improve the equity incentive effect and the suggestion.The research for our country listed company equity incentive system can have a more accurate understanding provides certain help,to improve and enrich the existing equity incentive system,promote enterprise investment efficiency,achieve better development enterprise has a certain practical significance.