LISS 2014 pp 1071-1075 | Cite as

Study on Relationship Between Leaders’ Characteristics and Equity Incentive Mode in Chinese Listed Corporations

Conference paper

Abstract

Equity incentive mode is the result of corporation management decision. So, the characteristics of Leaders have important impact on it. By empirically studying, this paper found that the age of leaders has no significant on equity incentive coverage, but the professional background of Leaders do. When leaders’ professional background is more similar to company main business, the Equity incentive coverage will be wider. Furthermore, the better the education of Leaders is, the better the effect of equity incentive will be.

Keywords

Leader Equity incentive mode Equity incentive coverage 

Notes

Acknowledgements

This work was done with help of these foundations: Project (NR201109,NR2013011) supported by the funds for the Central Universities; Project (09YJC630120) supported by the Ministry of Education humanities and social science; Project (71173105) supported by the National Natural Science Foundation of China; Project “Customer Behavior Analytics in Multi-channel Scenario” supported with IBM Global Shared University Research Award.

References

  1. BeBchuk LA, Grinstein Y, Peyer U (2010) Lucky CEOs and lucky directors. J Finance 1(6):2363–2401CrossRefGoogle Scholar
  2. Hambrick DC, Mason PA (1984) Upper Echelons: organization as a reflection of its managers. Acad Manage Rev 9(2):193–206Google Scholar
  3. Hu B (2010) Nine dimension of equity incentive: to the high-tech corporation equity incentive. Corporation management publishing house, BeijingGoogle Scholar
  4. Wang Y, Ye L, Sheng M (2012) Management power, opportunism motivation and equity incentive plan design. Account Res 1:35–41Google Scholar
  5. Wu Y, Wu S (2010) The leader tube behavior and its influencing factors–Based on Chinese listed company equity incentive the evidence of the bill. Manage World 1(5):141–149Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2015

Authors and Affiliations

  1. 1.College of Economics and ManagementNanjing University of Aeronautics and AstronauticsNanjingChina

Personalised recommendations