The Equity Incentive Risk Identification and Assessment in State-controlled Listed Companies

摘要

The paper classifies the equity incentive risks in the state-controlled listed companies into external risks and internal risks, and the external risks include policy risk, market risk and legal risk, the internal risks include moral risk, incentive deficiency risk and operational risk. Using the risk assessment method of ambiguity function to assess the occurrence probability and their consequences of the equity incentive risks, the paper conducts a comprehensive assessment of various risks. According to the size of the combined effect of the risks, the final order obtained is as follows: policy risk, moral risk, market risk, operational risk, incentive deficiency risk and legal risk.