Abstract
The research on the influencing factors of equity incentives is a hot topic for the research of equity incentives in Chinese listed companies. This paper uses the equity incentive level as the explained variable, while uses company size, ownership concentration, equity balance degree, company growth and free cash flow as the explanatory variables to study the influencing factors of equity incentives in listed logistics companies. The research results indicate that company size has significant positive correlation with equity incentives, while ownership concentration has no significant negative correlation with equity incentives, but company growth and equity balance degree have significant negative correlation with equity incentives.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
M. Jensen and W. Meckling, Theory of the firm: managerial behaviour, agency costs and ownership structure, Journal of Financial Economics, vol. 3, no.4, pp.305-360, 1976
M. C. Jensen, and K. J. Murphy, Performance pay and top management incentives, Journal of Political Economy, vol. 2, pp.225-264, 2003
K. Tzioumis, Why do firms adopt CEO stock options? evidence from the United States, Journal of Economic Behavior and Organization, vol.68, no.1, pp.100–111, 2008
Konari Uchida., Determinants of stock option use by Japanese companies, Review of Financial Economics, vol.15, pp.251-269, 2006
M.Rosenberg, Stock option compensation in Finland: an analysis of economic determinants, contracting frequency, and design. European Financial Management Association 2003 Annual Meeting, 2003
M. C. Attaway, A study of the relationship between company performance and CEO compensation, American Business Review, vol. 18, pp.77-86, 2000
M. Phillip, and T.Cyril, The implications of firm and individual characteristics on CEO pay, European Management Journal, vol. 22, pp.27-41, 2004
Yue-MeiLI, Tao LIU, Study of effect factors of equity incentives. Journal of Shaanxi University of Science & Technology (Natural Science Edition)(Chinese), vol. 1, pp.153-158, 2010
Bing-xiang LI, Xiang HUI. Empirical research on influencing factors of equity incentive of listed companies in China.Finance and Accounting Monthly(Chinese), vol.4, pp.33-36, 2013
Wei HE, Meng-yi WANG, Research on decisive factors of stock option incentive plan for management in Listed companies, Accounting and Finance (Chinese), vol. 2, pp.46-49, 2011
D.Yermack, Do corporations award CEO stock options effectively? Journal of Financial Economic, vol. 39, pp.237-269,1995
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2015 Atlantis Press and the authors
About this paper
Cite this paper
LV, S., DONG, Qx. (2015). On the Influencing Factors of Equity Incentives of Listed Logistics Companies in China. In: Qi, E., Shen, J., Dou, R. (eds) Proceedings of the 21st International Conference on Industrial Engineering and Engineering Management 2014. Proceedings of the International Conference on Industrial Engineering and Engineering Management. Atlantis Press, Paris. https://doi.org/10.2991/978-94-6239-102-4_121
Download citation
DOI: https://doi.org/10.2991/978-94-6239-102-4_121
Published:
Publisher Name: Atlantis Press, Paris
Print ISBN: 978-94-6239-101-7
Online ISBN: 978-94-6239-102-4
eBook Packages: EngineeringEngineering (R0)