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《Finance and Economics》 2003-02
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管理层持股与业绩关系的理论分析

This article reviews the literature on the relation between EOP and performance, and then analyzes it in theoretical dimension and points out the functioning mechanism of EOP. By analyzing three frequently mentioned hypotheses when discussing the relation: Profit Converging Hypothesis, Self-defending Hypothesis, and Risk Avoidance Hypothesis, the author argues that the notion that EOP would be helpful to improve performance is too simplified. However, the effectiveness of EOP is influenced by various factors from inside and outside of the company. Therefore, it is beneficial to envisage the function and limitation of EOP in a higher dimension both theoretically and practically.
【Fund】: 国家自然科学基金《企业业绩评价与激励研究》 (项目批准号 70 0 72 0 35 )的阶段性成果
【CateGory Index】: F270
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【References】
Chinese Journal Full-text Database 6 Hits
1 LIN Zhong-gao,WU Li-juan (School of Management,AHUT,Ma'anshan 243002,Anhui,China);The Financial Controlling under the Enterprises Management[J];Journal of Anhui University of Technology(Sociel Sciences);2003-05
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【Citations】
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1 LIU Guo liang1,WANG Jia sheng 2(1 School of Economics,Shandong University,Jinan 250100; 2 School of Economics,Fudan University,Shanghai 200433);POSITIVE ANALYSIS OF LISTED COMPANIES:EQUITY STRUCTURES, INCENTIVE SYSTEMS,AND PERFORMANCES[J];ECONOMIC THEORY AND BUSINESS MANAGEMENT;2000-05
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【Co-references】
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1 CAO Feng-qi(Guanghua School of Management,Peking University,Beijing 100871,China);A Research On Executives' Equity Incentive Of China's Listed Companies[J];Journal of Peking University(Humanities and Social Sciences);2005-06
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【Secondary References】
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1 ZHU Lei (Antai College of Economy & Management,Shanghai Communication University,Shanghai 200052);Study on Market Reaction of Stock Option Incentive to Agricultural Products Enterprise[J];Journal of Anhui Agricultural Sciences;2008-07
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