Title :
The empirical research on the performance of stock options incentive
Author :
Haxia, Hu ; Jue, Wang
Author_Institution :
Sch. of Manage., Wuhan Univ. of Technol., Wuhan, China
Abstract :
The issue of the separation of ownership from control and the alignment of management and shareholder via the managerial ownership of equity remain the key topic of Chinese listed companies. Through the empirical study, this paper reveals that the managerial shareholding has no effect on management performance. The fundamental resolution to get the stock option incentive work in China is to set up a reasonable ownership structure and an effective capital market.
Keywords :
incentive schemes; stock markets; Chinese listed companies; capital market; equity; management performance; management-shareholder alignment; managerial ownership; managerial shareholding; ownership structure; stock options incentives; Companies; Correlation; Indexes; Mathematical model; Security; Stock markets; business performance; incentive of stock option; managerial ownership;
Conference_Titel :
Product Innovation Management (ICPIM), 2011 6th International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4577-0359-1
DOI :
10.1109/ICPIM.2011.5983606