【作者】 曹晶晶；

【导师】 陈园；

【作者基本信息】 沈阳理工大学 ， 管理学会计学， 2011， 硕士

【摘要】 股权激励制度作为一种被西方实践所广泛证实的有效的激励方式,在解决委托代理问题、改善公司绩效、吸引和挽留人才等方面都表现出了极大的优越性。正是因为如此,对管理层股权激励相关问题的研究一直是学术界的前沿和热点。然而,由于我国引入该制度的时间较短,发展相对不完善,股权激励对上市公司经营绩效可能会产生除积极影响之外的其它不同类型的结果表现形式。因此,本文力图通过研究我国上市公司管理层股权激励对经营绩效所产生的影响问题,以期更好的加快我国上市公司股权激励制度建设。本文首先系统的论述了管理层股权激励思想所蕴含的理论体系,分别总结了国内外关于管理层股权激励对经营绩效影响关系所形成的理论假说和文献综述。然后,对我国上市公司管理层股权激励的实施现状及实施特点进行了整体分析。接着,通过建立体现管理层股权激励对公司经营绩效影响关系的多元线性回归模型,运用SPSS17.0统计分析软件进行回归分析,验证假说真伪,深层次剖析管理层股权激励的实施对公司经营绩效是否存在影响以及影响程度如何的问题。最终实证回归结论表明,管理层持股比例对上市公司经营绩效呈现正向关系,但这种积极的作用在样本公司中却表现相当微弱。文章最后针对实证结论,提出了进一步完善我国股权激励制度的对策与建议。更多还原

【Abstract】 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.更多还原