Factors Influencing Chinese Company Performance-under the Equity Incentive Policy
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Published:
Aug 9, 2019
Keywords:
Company Performance Equity Incentive Chinese Listed Companies
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Abstract
The circumstance of company’s performance is tied to its profitability. A company’s development is greatly improved by validating its managerial decisions and considering potential economic resource changes. The goods of achieving superior economic results are satisfied shareholders’ interests and increase the company’s competitiveness. This research presented factors influencing company performance in China, it looked from the perspective of company characteristics and policies. Return on Equity(ROE)was the primary indicator used in this research. The longitudinal and horizontal comparative methodologies were used to analyze the factors from company characteristics perspective. Regression analysis was used to examine the relationship between company performance and company policies. Furthermore, the content analysis methods were used to summarize factors from company policies that influence their performance.
Article Details
How to Cite
Yao, Z. . (2019). Factors Influencing Chinese Company Performance-under the Equity Incentive Policy. Asia Pacific Journal of Religions and Cultures, 3(2), 11–26. Retrieved from https://so06.tci-thaijo.org/index.php/ajrc/article/view/242044
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References
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Buffett. (1979. Buffett’s letters to Berkshire Shareholders. https://www.goodreads.com/book/show/17972688-berkshire-hathaway-letters-to shareholders.
Cao Kaiyue. (2007). Factors influence companies in China to use equity incentive policy. Financial community.
Damodaran, A. (2007). Return on Capital (ROC), Return on Invested Capital (ROIC) and Return on Equity (ROE): Measurement and Implications. Stern school of business.
Dana-Maria BOLDEANU. &Irina-Bogdana PUGNA. (2014). The analysis of the influence factors affecting, Theoretical and Applied Economics Volume.
Ding Lin. (2012). The research of incentive mechanism for the staff of the stateowned enterprises who are returned students born in 1980s.China academic journal electronic publishing house.
Drucker, P. (1986). The practice of management. New York: Perennial Library.
Duan Wei. (2015). Study on Relation between Management Equity Incentive and Operating Performance for Internet Corporations. China academic journal electronic publishing house.
Gao Yan. (2015). Research on the relationship between equity incentive and of listed companies on Growth enterprise market and the financial performance of company. China academic journal electronic publishing house.
Han Fang. (2014). The correlation analysis between executives’ equity incentive and company performance in listed companies. China academic journal electronic publishing house.
He Qing. (2010). An empirical test of relationship between equity incentive and corporate performance, China academic journal electronic publishing house.
Himmelberg, C., Hubbard, G. & Palia, D. (1999). Understanding the determinants of managerial ownership and the link between ownership and performance. Journal of Financial Economics.
Ji Qianqian. (2011). A study on the impact of equity incentive on the performance of the listed companies -- Taking household appliances as an example. The Central University of Finance and Economics.
Kijewska, A. (2016). Determinants of the return on equity ratio (ROE) on the example of companies from metallurgy and mining sector in Poland, METABK 55(2) 285-288
LA Bebchuk & JM Fried. (2003). Executive compensation as an agency problem. Journal of economic perspectives.
Laux.V. (2010). On the benefits -f allowing CEOs to time their stock option exercise, Journal Economics
Porter & Lawler. (1968). Motivation Model (Adapted from L.W. Porter and E.E. Lawler Managerial Attitude and Performance, Richard D. Irwin, Homowoxi III
Tower, P. 1998. The Handbook of 401k Plan Management, no. January.
Van Horne., James C.& John M.Wachowicz. (2011). Fundamentals of financial management, Upper saddle river. NJ: Prentice-hall.
Vroom, V. H. (1964). Work and Motivation, New York: Wiley.
Ye Jianfang & Chen Xiao. (2008). Research on the Impact of Executive Shareholding on Firm Value in China Evidence from high-tech industry listed companies. Research on financial and economic issues Journal.
Zhou Jianbo & Sun Jusheng. (2003). Research on the Managerial Effect of Managers' Equity Incentives - Empirical Evidence from Chinese Listed Companies. Economic research journal.
Zhou Yeye. (2014). Research on the Influence Factors of the Listed Real Estate Companies Performance, China academic journal electronic publishing house.
Zhu Lisi. (2016). The positive research on industry difference of the relationship between characteristics of top management team and corporate performance based on HLM method. China academic journal electronic publishing house.