The empirical research on the performance of stock options incentive

摘要

The issue of the separation of ownership from control and the alignment of management and shareholder via the managerial ownership of equity remain the key topic of Chinese listed companies. Through the empirical study, this paper reveals that the managerial shareholding has no effect on management performance. The fundamental resolution to get the stock option incentive work in China is to set up a reasonable ownership structure and an effective capital market.