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上市公司管理层持股和公司价值关系研究 被引量:2

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摘要 本文利用沪深证券交易所374家上市公司为研究样本,实证检验了管理层持股与公司价值之间的关系,及管理层持股的内生性。结果表明:管理层持股与公司价值之间呈现负相关关系,说明在我国管理层持股制度作为一种激励机制并未发挥作用。同时还发现管理层持股与公司价值之间存在非线性关系。
出处 《财会通讯(下)》 2011年第5期64-66,69,共4页 Communication of Finance and Accounting
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