【主 题】The Causal Effect of Option Ownership on Employee Performance: Empirical Evidence from a Personnel Data
【报告人】张红（暨南大学产业经济研究院讲师）
【时 间】2020年12月16日（星期三）10:00-11:30
【地 点】网络视频会议，
参会链接：https://zoom.com.cn/j/93647029396
参会密码：201216
【主持人】汪晨副教授
内容摘要：We use a personnel data from a Chinese firm to explore the incentive effect of employee options on performance. To obtain the causal effect, the difference-in-differences method is used based on a dataset of employees nominated for option ownership. Comparing employees who are nominated and then are granted options with those who are only nominated, we find that the impact of option ownership on employees’ performance is insignificant and results are robust. Moreover, a heterogeneity analysis indicates that: the incentive effect exists for employees at higher job levels, but remains insignificant for workers at lower job levels; there is no difference in the insignificant effects between male and female employees, nor between highly educated and less educated workers; in addition, that whether employees have plan to exercise options has no impact on the incentive effect of employee options.
个人简介：张红，暨南大学产业经济研究院讲师，于北京大学光华管理学院获经济学博士学位，主要研究领域为劳动经济学、人事管理经济学和应用经济学。论文发表于《管理世界》、《经济学（季刊）》、《金融研究》、Economic Development and Cultural Change、China Economic Review等国内外权威期刊，是《管理世界》、《经济学（季刊）》、《经济学报》、《中国管理科学》、Asia Pacific Journal of Management 等期刊杂志的匿名审稿人，《产经评论》责任编辑。
 |
