Game Analysis of the Equity Incentive Mechanism of Listed Company
|
| Title | Game Analysis of the Equity Incentive Mechanism of Listed Company |
| Authors | |
| Abstract | Equity incentive mechanism is the main way of long-term incentives in modern enterprises. This mechanism has improved the economic efficiency and has reduced the cost of management, so it has been put into use in more and more companies. Through using the fundamentals of asymmetric information dynamic game to analyze the equity incentive mechanism plan of listed company’s managers, it can be found that a principal-agent model of managerial risk and moral hazard will be very helpful to analyze the revenue function of corporate shareholders and managers and to discuss the relationship between the equity incentive levels, managerial risk and moral hazard, and at the same time, the paper has given reasonable proposals for equity incentives of listed companies in China. Therefore, listed companies can establish more explicit incentives mechanism to promote the long-term development itself. |
| Publisher | World Science Publisher |
| Date | 2012-07-20 |
| Source | 2167-6348 |
| Rights | Copyright NoticeProposed Creative Commons Copyright Notices1. Proposed Policy for Journals That Offer Open AccessAuthors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work´s authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal´s published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).Proposed Policy for Journals That Offer Delayed Open AccessAuthors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication, with the work [SPECIFY PERIOD OF TIME] after publication simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work´s authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal´s published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access). |