初级高级专题配套lian psm.pdfVIP

Front. Bus. Res. 2011, 5(2): 266–290 10.1007/s11782-011-0131-6 RESEARCH ARTICLE Yujun Lian, Zhi Su, Yuedong Gu Evaluating the Effects of Equity Incentives Using PSM: Evidence from © Higher Education Press and Springer-Verlag 2011 This paper investigates the effects of equity incentives on firm performance in listed firms. We address the sample selection problem by employing the propensity score matching methodology. Results show that, (1) On the whole, performance is positively related to equity ince