上海管理科学2017，Vol.39Issue(1)：115-120,6.
制度环境、股权激励与送转股
The Research on the Effect of Equity Incentive on Share Dividend from the Perspective of Institutional Environment
张昱旻 1刘涛1
作者信息
- 1. 上海交通大学安泰经济与管理学院,上海 200030
- 折叠
摘要
Abstract
Taking the listed companies that implemented equity incentive plans from 2011 to 2015 as study subject, this paper analyses the relationship of equity incentive plans and share dividend. The results show that the level of share dividend is significantly higher in the companies implementing equity incentive plans than in the counterpart companies. In state-owned listed companies, the implementation of equity incentives does not have significant influence on share dividend. In non-state-owned listed companies, the implementation of equity incentives has a positive impact on the level of share dividend. In the region with higher marketization progress, the implementation of equity incentives does not have significant influence on share dividend. In the region with lower marketization progress, the implementation of equity incentives has a positive impact on the level of share dividend.关键词
股权激励/送转股/产权性质/市场化进程Key words
equity incentive/share dividend/owner-ship type/marketization progress分类
管理科学引用本文复制引用
张昱旻,刘涛..制度环境、股权激励与送转股[J].上海管理科学,2017,39(1):115-120,6.
