The Research Of Listed Company's Executive Incentive Effect On The Financial Governance Efficiency

Efficiency is the primary goal of the modern company financial governance activities,but factors of the financial governance efficiency target is numerous,motivation theory as the guide in this article,referring to the related theory study,combined with disclosure data of listed companies,by empirical study,the writer verified the relationship between the company's financial governance efficiency and incentives,thus to enhance the governance efficiency open up new ideas.Firstly,through the introduction of research background and research significance,draw on existing research results at home and abroad,summed up the reality of financial governance,author put forward the topic of this paper,at the same time sum up the innovation of the article and disadvantages.In addition,the article provides an overview of the executive incentive and financial governance efficiency theory.Introducing the related concepts of financial governance efficiency and executive incentive,the paper summarizes the theoretical basis of the two,and analyzes the correlation between the two,for exploring the impact of executive incentives on the financial governance efficiency to pave the way.Secondly,it discusses how executive incentive will respectively affect the cost of financial management and the income of financial management,extending out the mechanism between financial governance efficiency and executive incentive based on the above theory.Then this paper carried out empirical research.According to the correlation analysis results,suitable market indicators were used respectively to quantify the executive incentives and financial governance efficiency in this part.Then select samples of complete information disclosure of listed companies,according to the assumption to design the reasonable model,author has carried on the regression analysis,and come to this article's conclusion.Finally,the writer put forward the conclusions and limitations in this paper.Combined with empirical research results,summed up the different ways of executives incentive of listed companies in China's influence on the efficiency of financial governance effect,thus to improve the efficiency of corporate financial governance and design reasonable executive incentive way put forward advice and guidance,at the same time points out the limitations of research,indicate the direction for future research.Research of this paper,from the perspective of the management of incentive,through some kind of correlation analysis and verification,provide Suggestions for improve financial management efficiency,also for the subsequent topic related research theory and practice to provide basic train of thought...