科技创新型企业股权激励绩效的实证检验

Empirical test on the performance of equity incentive in scientific and technological innovation-oriented enterprises

文章通过对11个行业共计123家企业进行数据实证分析,得出在有高成长性机会、低资产负债率以及低股权集中度的上市企业实施股权激励,会取得相对较好的效果。与此同时,与国有控股类型的上市企业相比,在其他控股类型的上市公司中实施股权激励的效果更好。

Through data analysis of 123 enterprises from 11 industries, we conclude that the effect of implementing equity incentive will be very good in the listed enterprises, which have high growth opportunities, low asset-liability ratio and low ownership concentration. At the same time, the listed companies of other types of shareholding will get better effect in implementing equity incentive, compared with the state-owned listed companies.