上市公司股权激励及公司绩效关系的实证分析研究.pdf

建立模型，为后文的实证研究奠定基础；最后，采用统计学的分析 方法对四个假设分别进行验证，得出结论并提出相关建议。 本文主要的研究结论为：(1)股权激励的实施在一定程度上促 进了我国上市公司绩效的提升，但是提升的幅度并不是很大；(2) 我国上市公司股权激励比例与公司业绩之间呈正相关；(3)限制性 股票的激励效果好于股票期权。(4)股权激励有效期越长，激励效 果更好。 关键词：股权激励；股票期权；限制性股票；公司绩效 万方数据 l|llllllLlllllllllllllllllllllllllllllllllllll Y2750779 EMPIRICALRESEARCH 0NTHELISTED COMPANYINCENTIVEAND EQUITY CORPORATE PERFoRM队NCERELATIoNSHIP ABSTRACT incentiveis from methodof Equity quotationsforeign corporate inour can reducethe cost governancecountq,it ofthe effectively agency make the tothe of enterprise，can theshareholdersinthe operatoridentity thesametimeundertake enterprise’Sprofitdistribution，at corresponding Canmotivate to risks，which managers improvemanagementefficiency, the the1980s eventuallyimprove company’Soperatingperformance．In incentive the ofthe equity effectivelypromoteddevelopment economy, inthewestem mature numerousas market，．by scholars incentive equity can solvethemodem in