股权激励与上市公司绩效关系研究——基于上市中小企业

XCLW22052  股权激励与上市公司绩效关系研究——基于上市中小企业  (字数：20413)

目 录

摘要…………………………………………………………............................... Ⅲ

Abstract……………………………………………………………………………Ⅳ

引言………………………………………………………………………………...1

1 导论……………………………….......................................................................1

1.1研究背景和意义………………………………………………………………1

1.2 国内外研究综述……………………………………………………………..1

1.3 研究问题和范围………………………………………………......................3

1.4 研究思路和方法……………………………………………………………..4

1.5 研究结构……………………………………………………………………..4

2 股权激励与公司绩效的理论基础和内在关系………………………………...6

2.1 股权激励理论基础…………………………………………………………..6

2.2 股权激励对公司绩效的内在机理…………………………………………..7

2.3 股权激励对公司绩效的传导效应…………………………………………..8

3 我国上市公司股权激励实施进程分析……………………………………….10

 3.1 股权激励制度的产生………………………………………………………10

 3.2 我国实施股权激励的历史沿革……………………………………………11

 3.3 目前我国上市中小企业实施股权激励情况的分析………………………13

4 我国上市中小企业股权激励与绩效关系的实证分析……………………….17

 4.1样本选取及数据来源……………………………………………………….17

4.2样本数据统计及分析……………………………………………………….17

4.3 股权激励与上市中小企业绩效关系的分析………………………………19

5 研究结论、政策建议及研究局限性…………………………………………..22

5.1 研究结论……………………………………………………………………22

5.2 政策建议……………………………………………………………………22

5.3 研究局限性…………………………………………………………………23

结束语………………………………………………………………………….....25

参考文献………………………………………………………………………….26

致谢……………………………………………………………………………….27

股权激励与上市公司绩效关系研究

——基于上市中小企业

摘 要

股权激励与公司绩效关系的研究是近几年来国内外学术界研究的热点问题之一，但在研究结果上存在很大分歧。在这些背景条件下，就后股权分置时代上市公司股权激励效应进行深入研究就显得非常有意义。本文研究的总目标是股权激励与上市中小企业的绩效关系，即股权激励在我国上市中小企业中究竟起到什么作用，它能否起到提高公司绩效的目的。本文研究的主要内容包括股权激励与公司绩效的理论基础和内在关系、我国上市公司股权激励实施进程分析、我国上市中小企业股权激励与绩效关系的实证分析、研究结论、政策建议及研究局限性等方面。通过实证分析，得出股权激励与上市中小企业绩效之间存在显著的正相关关系的结论，并结合当前中小企业开展情况，指出上市中小企业开展股权激励中存在的问题，进而给出股权激励的相关政策建议。

关键词：股权激励；公司绩效；关系；中小企业

The Relationship Of The Listed Company Between Equity Incentive And Performance——Based On Small And Medium-sized Listed Enterprises

Abstract

Studying the relationship between equity incentives and corporate performance is one of the hot issues in recent years at home and abroad , but there are great differences in the results. In these background conditions,the in-depth study of equity incentive effect of the listed companies is very meaningful after equity division era . The overall objective of this study is the relationship between equity incentives and corporate performance of listed SMEs,which is equity incentives of listed SMEs in China's actually play what—role and whether it can serve the purpose to improve corporate performance. The main content of the study includes the theoretical basis and the intrinsic relationship between equity incentives and company performance , empirical analysis relationship of equity incentive and performance of listed SMEs’ in China ,the evolution of listed companies in the equity incentive system, research findings, policy recommendations and limitations. Through empirical analysis, we can come to the conclusion of a significant positive correlation between the equity incentive and performance of listed SMEs.At the same time,we point out where the problems of the equity incentives exist combining the current developing situation of small and medium-sized enterprises, and then give the incentive stock options relevant policy recommendations.

Keywords: Equity incentives; The company performance; Relationship;SMES