上市公司高管股权激励与经营绩效研究综述

上市公司高管人员具有稀缺性、独特性和难以模仿性，是形成企业核心价值的根本源泉，因此对他们激励的重要性显而易见。文中通过对现有的国内外文献进行回顾，基于“利益汇聚假说”、“管理者防御假说”和“区间效应假说”三个假说分别分析了股权激励与公司绩效之间的相互关系，指出国内外学者研究结论不同所产生的原因。

The Review on the Relationship between Executives Equity Incentive and Performance of Listed Companies

Listed companies executives are the company＇s core value of the fundamental source, who are with scarcity, uniqueness and difficult to imitativeness, so the importance of incentive to them is obvious. Based on＂ interests converge hypothesis＂,＂ managers defense hypothesis ＂ and＂ interval effect hypothesis＂, this article analyzes the relationship between executive equity and performance. And then points out the causes of different conclusion between domestic and overseas scholars research.