Based on the date during 2003-2012 about the tourism revenue in 21 local cities and total tourism income and GDP of Guangdong Province, this paper analyzes the structure and competitiveness of 21 cities's tourism in Guangdong with dynamic Shift-Share Analysis. The results show that tourism industries in mountainous areas of Guangdong Province are developing well in recent years, with the structure strengths and competitive advantages of tourism industry in Qingyuan, Heyuan, Meizhou and Yunfu are more obvious. However the trend of competitiveness of tourism industry in Zhuhai, Shenzhen, Foshan and Shantou is gradually declining, the whole structure of tourism industry in Guangdong Province is positive.

<p style='text-indent:20px;'>The shareholder's interest oriented from business operation relies on opportunism regulation of the manager under asymmetry. Effective motivation incentives should be exploited to facilitate the manager's effort devotion enthusiasms. This paper establishes a theoretic model in which the shareholder offers equity-based incentive to a fairness-preferred manager to coordinate their interest conflicts and maximize her expected revenue. The manager exerts unverifiable levels of efforts toward both decision and coordination tasks making the most of his private information about fairness preference. Two interrelated performance measures on different hierarchical levels are considered for contracting purposes. In each situation, we derive the equilibrium effort choices and incentive coefficients of both participants, and investigate how these decisions are affected by fairness preference. Research findings suggest that the incorporation of firm equity dominates pure profit incentive in eliciting high effort levels toward two distinctive managerial tasks. Besides, the equity-based incentive weakens the perceived unfairness and facilitates the participants' expected revenue. Comparative statics and numerical analysis are conducted to demonstrate our results and the effectiveness of the proposed equity-based incentive. Finally, we summarize the contributions of this paper and put forward directions for further study.</p>