摘要
《国有控股上市公司实施股权激励暂行(试行)办法》即将出台。本文采用比较分析的方法明确我国存在的市场问题,并采用上市公司2005年末会计报表的截面数据,实证分析了市场问题对高管股权激励效应的制约作用。目前股权分置改革进入冲刺阶段,资本市场复苏。但是,由于我国市场环境的不成熟,使得实施高管股权激励的效应不显著。因此,应在鼓励上市公司实施股权激励的同时,积极改善外部市场环境,边改革边治理,实现股权激励制度的健康发展。
This paper uses comparative analysis and empirical research methods to confirm the problems existing in China and analyzes the influence of the market problems on the performance of stock-holding strategy. The renewal of capital market facilitates the implementation of stock-holding incentive strategy for listed companies, all of which must make use of this chance to improve their circumstance of incentives. The effect of stock-holding incentive strategy is far from being significant. In order to advance the strategy, the market environment must be improved and perfected.
出处
《中国地质大学学报（社会科学版）》
2007年第2期70-73,共4页
Journal of China University of Geosciences(Social Sciences Edition)
关键词
会计
上市公司
高管持股
股权激励
accounting
listed companies
top-management share-holding
share-holding incentive
