Empirical Study on the Correlation between Stock Incentive and Corporate Performance of Energy Listed Companies

DOI

10.2991/iceemt-16.2016.73How to use a DOI?

Keywords

Energy industry, stock incentive, corporate performance, least squares

Abstract

To explore the effects and improvement approaches of executive incentive in Chinese listed company, data from 2009 to 2013 of A-share listed companies in energy industry has been chosen to analyze correlation between executive ownership and corporate performance and correlation between executive compensation and corporate performance respectively based on least squares in this paper. And the results show that the proportion of executives ownership of these companies are generally low, and there is no correlation with corporate performance, which means that executive equity incentive has little effect on corporate performance. While there are great differences in the level of executive compensation that significantly positive correlation with corporate performance. So, the effect of salary incentive should be paid attention to emphatically when designing stock incentive mechanism for listed companies in energy industry, and a reasonable proportion of executive ownership should be explored with the reform and development situation of companies considered.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yongchen Li
AU  - Fang Li
PY  - 2016/08
DA  - 2016/08
TI  - Empirical Study on the Correlation between Stock Incentive and Corporate Performance of Energy Listed Companies
BT  - Proceedings of the 2016 International Conference on Education, E-learning and Management Technology
PB  - Atlantis Press
SP  - 373
EP  - 377
SN  - 2352-5398
UR  - https://doi.org/10.2991/iceemt-16.2016.73
DO  - 10.2991/iceemt-16.2016.73
ID  - Li2016/08
ER  -