scholarly journals Relationship Between Equity Incentive and Corporate Performance in Listed Companies From the Empirical Point of View

Author(s):  
Yinghui Bai ◽  
Guohua Wang
2021 ◽  
Vol 14 (11) ◽  
pp. 46
Author(s):  
Luyao Huangfu ◽  
Fang Wang ◽  
Dan Liu ◽  
Nan Wu

Based on the panel data of Chinese listed companies in the information technology industry from 2007 to 2018, this paper uses a fixed-effect model to study the relationship between corporate performance expectation gap and strategic change and analyzes the moderating effect of private benefits of management control and equity incentive. It is found that the greater the gap between corporate performance expectations is, the lower the frequency of corporate mergers and acquisitions is, and the higher the frequency of corporate asset divestment is. Further research finds that private benefits of management control weaken the positive correlation between corporate performance expectation gap and asset stripping frequency. Equity incentive strengthens the negative correlation between corporate performance expectation gap and corporate mergers and acquisitions frequency, and the positive correlation between corporate performance expectation gap and corporate asset stripping frequency. Based on this, when enterprises carry out strategic change, enterprises should choose the direction of strategic change according to the degree of performance expectation gap, and promote the effective realization of strategic change by improving the governance of the board of directors and optimizing the management incentive mechanism.


2002 ◽  
Vol 38 (2) ◽  
pp. 193-245 ◽  
Author(s):  
THEODORA ALEXOPOULOU ◽  
DIMITRA KOLLIAKOU

This paper focuses on the Information Packaging notion of linkhood and provides a structural definition of this notion for Greek. We show that a combination of structural resources – syntactic (left dislocation), morphological (clitic duplication) and phonological (absence of nuclear accent) – are simultaneously exploited to realize linkhood in Greek, a generalization that can be captured in a constraint-based grammar such as HPSG, which permits the expression of interface constraints. We assume Vallduví's (1992) approach to Information Packaging, and Engdahl & Vallduví's (1996) implementation of the latter in HPSG, but deviate from Vallduví's work in adopting Hendriks & Dekker's (1996) revised definition of linkhood that relies on non-monotone anaphora. From an empirical point of view, our approach directly accounts for the invariable association of Clitic Left Dislocated NPs with wide scope readings, as well as a number of systematic differences in felicity conditions between Clitic Left Dislocation and other apparently related phenomena (Topicalization and Clitic Doubling). From a theoretical perspective, our analysis departs from syntax-based notions of topichood or discourse-linking and supports a definition that unifies linkhood with other anaphora phenomena. As such, it arguably overcomes previously noted problems for Vallduví's treatment of links as the current-locus-of-update in a Heim-style file-card system.


Author(s):  
Almannah Wassalwa ◽  
Anisatul Mardiyah

This research is The Effect of Reading Ability (Mastery) Kitab Kuning on Arabic speaking skills in Ma'had Aly Marhalah Ula women's class. In this study, the researcher aims to determine whether or not there is an effect on reading ability in speaking Arabic. This research method uses quantitative research methods. From the results of calculations combined with the literature review, the ability to read the yellow book affects speaking skills in Arabic can be seen by it, both from a theoretical and empirical point of view. The results of the calculated data value were obtained by the number 0.416 after being consulted into the moving value coefficient between 0.400 - 0.599, which showed that it has a moderate category.


Organizacija ◽  
2017 ◽  
Vol 50 (2) ◽  
pp. 163-176 ◽  
Author(s):  
Olja Arsenijević ◽  
Dragan Trivan ◽  
Iztok Podbregar ◽  
Polona Šprajc

Abstract Background and Purpose: This paper analyses the strategic aspects of knowledge management in organizations in Serbia, from the theoretical and empirical point of view. In its theoretical part, the paper analyzes the latest literature in the fields of knowledge management, relations between communications strategyes and knowledge management, generations of knowledge management and organizational culture. Design/Methodology/Approach: In its empirical part, the paper deals with determining the level of knowledge management in Serbian organizations through diffrent generations of knowledge management, as well as the problem with explicit and tacit knowledge management. The hypotheses were tested using data colleted from organizatons in Serbia via questionnaire, which consisted of 50 questions to examine five key factors in knowledge management. Results: The results showed that out of 41 indicators, only eight are rated positively. Results of t-test indicate significant distinctions within factors affecting the quality of knowledge management, as well as differences in quality of explicit and tacit knowledge management, therefore they confirmed both hypotheses. Conclusion: The knowledge management projects in organizations in Serbia are initiated, as well as that belonging to the first generation of knowledge management can be defined.


2018 ◽  
Vol 13 (3) ◽  
Author(s):  
Magda Elsayed Kandil ◽  
Minko Markovski

AbstractThis study attempts to identify whether government ownership has an effect on corporate performance, such as Return on Assets (ROA), Price to Book value, and Profits for a sample of 102 listed companies on the UAE stock exchanges and a subsample of 17 banks listed on the same bourses over a period of 31 quarters. In the case of the sample of 102 companies, government ownership has a positive impact on some of the corporate performance indicators, as well in the banking subsample. In addition, the analysis evaluates the impact of state ownership on debt accumulated across the two samples. The results indicate that state ownership reduced the need to accumulate debt in general across the larger sample. However, focusing on banks, state ownership facilitates borrowing and accumulating debt. The results point to the positive effect of state ownership on corporate performance. Further, state ownership eases constraints on banks’ borrowing as it boosts confidence in the outlook, facilitating higher ratings and cheaper sources of funding. In the case of the UAE, similar to some other countries, where there is a strong trend toward government ownership in listed companies and banks, it has a positive effect on their performance for the period 2008–2016, i. e., there is a positive relationship between the block-holder ownership and firms’ performance, subject to efficiency control measures.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rui Wang ◽  
Liqiong Liu ◽  
Yu Feng

PurposeThe mechanism of marketing strategy style and its impact on firms are research issues received wide attention. In particular, the aggressive style of marketing strategy has been chosen by many companies, but recent studies have shown that it has a negative effect on corporate performance. This leads to the core issue of this paper – does the aggressive style of marketing strategy always had a negative impact on corporate performance? Are there any factors that can alleviate this negative impact?Design/methodology/approachBased on the resource-based theory and agency theory, this paper takes the Growth Enterprise Market (GEM) listed companies as the research objects, collects secondary data and conducts the research by regression model.FindingsThe empirical research shows that: (1) the aggressive style of marketing strategy significantly and negatively affects the performance of firm; (2) the resource constraint can moderate the main effect and resource control play a weak adjustment role.Practical implicationsIn practice, this paper confirms the adverse impact of aggressive style of marketing strategy on the performance of listed companies on GEM and inspires the industry to strengthen the control and supervision of marketing resources.Originality/valueThis paper makes up for the research gap in the field of cross-research in finance and marketing theoretically.


Sign in / Sign up

Export Citation Format

Share Document