Research On The Effect Of Esop On The Stock Price Of Listed Companies

Based on the empirical analysis of 593 listed companies that first announced the ESOP from July 1,2014 to May 31,2018,this paper studies the effect of ESOP on the stock price performance of listed companies in China.And through the Event Research Method to study the influence factors of the CAR of the company.The empirical results show that the ESOP has a significant positive correlation with the stock price performance of listed companies,which can directly bring positive market reaction.At the same time,both the stock sources and the executive subscription ratio have significant correlation with the stock prices of listed companies.