Proceedings of the 2019 4th International Conference on Modern Management, Education Technology and Social Science (MMETSS 2019)

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

Authors
Nan Gao, Linlin Cao, Siqi Lv
Corresponding Author
Linlin Cao
Available Online October 2019.
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/).

Download article (PDF)

Volume Title
Proceedings of the 2019 4th International Conference on Modern Management, Education Technology and Social Science (MMETSS 2019)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
October 2019
ISBN
978-94-6252-808-6
ISSN
2352-5398
DOI
10.2991/mmetss-19.2019.24How to use a DOI?
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/).

Cite this article

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  -