财经理论与实践Issue(1)：39-45,7.
股权激励、高管内部薪酬差距与权益资本成本
Equity Incentive,Executive Overconfidence and the Cost of Equity Capital
摘要
Abstract
Based on the behavioral finance,this paper explained the implementation of equity incentive plan in our country from the point of view of executive overconfidence.The empirical result showed that the implementation of equity incentive plan in our country had an impact on the cost of equity capital under the condition of executive overconfidence.The implementation of equity incentive plan raised the level of executive overconfidence.The interaction of equity incen-tive and executive overconfidence made a significant rise in the cost of equity capital of listed com-panies.This meant that our research on the impact of equity incentive to the cost of equity capital from the perspective of executive overconfidence,better explained the value of the equity incen-tive effect.关键词
股权激励/薪酬差距/权益资本成本Key words
Equity incentive/Executive overconfidence/Cost of equity capital分类
管理科学引用本文复制引用
雷霆,周嘉南..股权激励、高管内部薪酬差距与权益资本成本[J].财经理论与实践,2015,(1):39-45,7.基金项目
国家自然科学基金重大项目(71090402) （71090402）
国家自然科学基金(71371155) （71371155）
