Research on the Impact of Equity Incentive and CSR on Corporate Performance based on Data Mining Method
The agency behavior under the modern enterprise system due to the asymmetric information between the owner and the manager in the two sides cannot be effectively supervision and management, employee stock ownership equity incentive system to gradually solve the problem. In this paper, the authors analyse the impact of equity incentive and CSR on corporate performance based on data mining method. On the basis of reference to previous literature, by taking Chinese manufacturing listed companies as the analysis object, we use crosssectional data to test the influence of equity incentive to corporate performance. The empirical analysis show that there exists a positive incentive effect in Chinese listed company's employee stock ownership plan, which shows that employee stock ownership plans can really mobilize staff working enthusiasm and ability.