An Empirical Study of Short-Term Performance of Listed Companies' stock incentive Plan

DOI

10.2991/mmetss-19.2019.24How to use a DOI?

Keywords

Stock incentive, Event research method, Short-term performance.

Abstract

This paper takes the mixed-ownership state-owned enterprises that issued the stock incentive plan from 2014 to 2017 as a sample, and used the event research method to test the changes of the average abnormal return rate and the cumulative abnormal return rate before and after the announcement of the stock incentive plan. After the plan is disclosed, the securities market has a significant positive reflection, indicating that the event can improve the short-term business performance of the enterprise; This paper further compare the sample companies with the three dimensions of stock incentive type, state-owned enterprise type and different plan implementation frequency, and analyze the plan, analyzing the impact on the short-term performance of different types of sample companies.

Copyright

© 2019, 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  - Nan Gao
AU  - Linlin Cao
AU  - Siqi Lv
PY  - 2019/10
DA  - 2019/10
TI  - An Empirical Study of Short-Term Performance of Listed Companies' stock incentive Plan
BT  - Proceedings of the 2019 4th International Conference on Modern Management, Education Technology and Social Science (MMETSS 2019)
PB  - Atlantis Press
SP  - 130
EP  - 138
SN  - 2352-5398
UR  - https://doi.org/10.2991/mmetss-19.2019.24
DO  - 10.2991/mmetss-19.2019.24
ID  - Gao2019/10
ER  -