股权激励对公司绩效影响的实证研究

An Empirical Study on the Impact of Equity Incentive on Corporate Performance

摘要: 本文研究的主要对象是A股制造业上市公司，同时综合2017~2021年行业数据信息，通过文献分析法和实证研究法的方式探究制造业上市公司的公司绩效在股权激励的形式下所产生的变化情况。参照研究结果得出结论：1) 股权激励对公司绩效有正向影响作用；2) 股权激励程度对公司绩效有正向影响作用。并从政策的角度出发给出有关建议：1) 制定一个既合理又有效的股权激励方式；2) 加大股权激励程度；3) 完善股权激励的考核指标。希望可以推动制造业的健康发展，为企业长远发展奠定理论基础。

Abstract: A-share manufacturing listed companies as the research object of this paper, and based on the rel-evant data of the industry from 2017 to 2021, this paper uses the empirical analysis method and literature analysis method to study the impact of equity incentive of manufacturing listed compa-nies on corporate performance. Finally, according to the empirical results: 1) equity incentive has a positive impact on corporate performance; 2) the degree of equity incentive has a positive impact on corporate performance. Some policy suggestions are put forward: 1) to formulate reasonable and effective equity incentive methods; 2) to increase the degree of equity incentive; 3) to improve the evaluation index of equity incentive. Hope to promote the healthy development of manufacturing industry and lay a theoretical foundation for the long-term development of enterprises.