股权激励对公司价值的影响因素研究——基于A股市场2008—2010年的实证研究

The Influence on Corporate Value of Equity Incentive——Based on the Empirical Research of A-share Market from 2008 to 2010

股权激励作为一种制度安排,作用在于促进股东和公司管理层形成利益共同体,激励管理层最大限度地为股东和公司创造价值.通过实证研究影响公司价值的相关因素,求证股权激励确实对公司价值有正面影响,同时为上市公司的实施股权激励计划提出若干建议.

Equity incentive plan is designed to make a shared goal for shareholders and management so as to stimulate the management to work on behalf of shareholders and com- panies to the fullest. This thesis based on the empirical research to analyze the relevant factors which affect corporate value and find that equity incentive does have positive effect on corporate value, therefore give some suggestions.