公司特征与股权激励相关性分析

为进一步完善上市公司治理结构，促进上市公司规范运作与持续发展，证监会于2005年底发布了《上市公司股权激励管理办法（试行）》，并于2006年1月1日起在上市公司实施，文章通过对2006年实施股权激励的43家上市公司分别主板市场和中小板市场的公司特征进行分析，发现非国有控股公司实施股权激励的比例上升，中小板公司公司特征并不明显。主板公司财务风险较市场平均水平低，盈利能力和成长性较高。

Analysis on Correlation between the Company Characters and Equity-based Incentives

In order to improve the corporate governance of listed companies and Promote the standardized operation of listed companies. The China Securities Regulatory Commission issued ＂ Equity - based Incentive Management Approach （Trial） of the listed company ＂, by the end of 2005 and implemented from January 1,2006. We analysised the company characters of 43 listed companies implementing Equity - based incentive in the Main Board and the Small - and - Medium - size Enterprises Board. We found that the ratio of non - state - owned companies implementing Equity - based incentive have increased, and the company characters of the companys in the Small - and - Medium - size Enterprises Board have not significant. The financial risk of companys in the Main Board is lower than the market average, the profitability and growth potential also high.