西安石油大学学报（社会科学版）2024，Vol.33Issue(1)：65-73,88,10.
股权激励、契约异质性与财务绩效
Equity Incentive,Contract Heterogeneity and Financial Performance
摘要
Abstract
Selecting A-share listed companies from 2011 to 2021 as the research objects,this paper ex-plores the impact of equity incentives and contract heterogeneity on corporate financial performance.The results show that equity incentive is positively correlated with financial performance.The restricted stock incentive model has a more significant effect on financial performance.In the mechanism test,it is found that equity in-centive can promote the innovation input and output level of enterprises,and then improve the financial per-formance of enterprises.Heterogeneity analysis shows that the different size of enterprises and the choice of in-centive mode,incentive scope,incentive intensity and incentive validity period have different effects on enter-prise financial performance.Suggestions are put forward from the aspects of perfecting the equity incentive sys-tem,selecting the appropriate incentive mode and promoting the"incentive-innovation"mechanism.关键词
股权激励/契约异质性/财务绩效Key words
equity incentive/contract heterogeneity/financial performance分类
管理科学引用本文复制引用
张颖慧,肖文娟..股权激励、契约异质性与财务绩效[J].西安石油大学学报（社会科学版）,2024,33(1):65-73,88,10.基金项目
陕西省教育厅重点科学研究计划项目"农村数字普惠金融服务乡村振兴绩效评价研究"(21JZ044). （21JZ044）
