股权激励效果和影响因素经验分析——基于两《办法》出台后实施股权激励的上市公司数据

文章基于两《办法》出台后实施股权激励的上市公司数据，旨在揭示两《办法》出台后的股权激励对提升公司业绩是否有效，哪些因素会影响激励效果以及如何影响。经研究发现：在两《办法》规范下，第一，股权激励对提升企业经营业绩有明显积极作用；第二，企业性质、成长性都是决定股权激励效果好坏的重要影响因素；第三，国有企业实施股权激励将比民营企业的效果更好；第四，成长性好的企业实施股权激励将有利于纠正经理人短期行为。以上对政府监管层和投资者的下一步行动具有重要意义。

Constructing the Website and Studying the Mirror Image Experience Based on Virtual Tourism

Based on the data of listed companies having operated the stock right incentive plans,the thesis aims at disclosing whether these plans were effective,what factors can influence the incentive effect and how they act after two regulations were put into operation.The conclusions were drawn as follows: after two regulations were put into operation,stock right incentive plans play an apparently active role in improving companies performances;enterprises nature and growth ability are both important factors dec...