高管异质性对股权激励计划实施效果影响实证的分析——以中国上市公司为样本.pdfVIP

步，存在某些不足，如样本的选取还不够细腻，异质性指标的选取视角比 较单一，影响机理的探讨还待深入，在今后的研究中，还有待优化研究设 计路径，挖掘更多有价值的结果。 关键词：股权激励；高管异质性；影响机理；顺利实施；公司业绩 论文类型：应用研究 删删舢舢舢删㈣舢删I IIl Abstract 0ur comenome of revolution，henCe co眦时has keyp甜odeconomy a incentiVe long—term mechallism，perfectirlgcoqporategoVemallce， exploring tlle aIld慨retical tlleintereStdi妯b而onhave me越ngs． equalizing practical incentivehaS FromtlleIbf．omofNon．仃adableSha∞sin stock 2005，t11e plall becoIneaVitalm甜10dto me VaIue．Theresultof grad砌ly improVeco叩orate meinCentive 2005to2013hass110、ⅣIlmatt11eresultofme plall’spraCtice舶m stockincentive aIldfeaLThesuccess IIlingledhope inlplement plaIlimplement didincreaSetlle finaIlce aIld goVemallce，ho、ⅣeVer，me co印orate pe—’omance failureoft11e hasvarious tlleinfluenCeoftllemacro plan reasons，iIlcluding ofthe of enVim珊nent，Ⅱleproblem econom弘mechallgeindllst巧competition the isbaSed theincentiveandmecharacterof mallagement．Tllisp印er plaIl top ontlle echelons tllee虢ct meor)，aIldupper tlleo巧，exploring principal·agent