Empirical Research On The Impact Of Business Performance Made By The Management Equity Incentives Of Listed Company

Shareholding incentive system is considered as an effective motivation way, which has been generally proven by practice in west countries. Shareholding incentive system has showed great superiority in solving principal-agent problem, improving the performance of the corporation, and attracting and retaining talents. Because of that, the research on stock share incentive of the management has always been leading edge and hot spot in academic circle. While it was a short time for our country to introduce this system that has not developed perfectly. Shareholding incentive may have different kinds of effects on performance of listed companies except the positive effects. So the paper attempts to probe into stock share incentive of the management's effects on performance of listed companies in our country. So that it could better develop shareholding incentive system of our listed companies.First of all, the paper systematically discusses theory system on stock share incentive of the management and separately summarizes the theory hypothesis and literature summary about stock share incentive of the management's effects on the performance of the corporation in and out of our country. Then, the paper gives the whole analysis of implementation present situation and features about listed companies of our country. Following, by means of building the multivariable linear regression model that shows the relationship between stock share incentive of the management and the performance of listed companies, and using linear regression analysis based on software of SPSS 17.0, test true or false of the hypothesis. Deeply analysis that whether implementation of stock shares incentive of the management has effects on the performance of the corporation or not and how does it matter. Finally the paper indicates the conclusion that the proportion of management share holders and the performance of listed companies have positive correlation. But the positive affects shows weakly in sample companies. At last, according to the conclusion, the paper proposes the countermeasures and the suggestions about perfection of our shareholding incentive system.