管理层持股是为解决企业代理成本和激励问题而产生的。自其问世以来,国内外学者对管理层持股比例及其与上市公司价值之间的关系进行了诸多研究。本文采用博弈分析的方法,通过管理层持股和不持股情况下的对比分析,发现了管理层持股与股东价值之间的关系,这一发现为各企业根据自身情况采用管理层持股的激励方法提供参考。 Management shareholding is generated to solve the agency costs and incentives. Since its advent, scholars at home and abroad have made a lot of researches on the relationship between the management shareholding ratio and the value of listed companies. This article uses the method of game analysis, through the management of the shareholding and non-shareholding comparative analysis found that the relationship between the management of stock ownership and shareholder value, the discovery of the management according to their own situation, The incentive method to provide reference.