The Study On High-tech Enterprise Equity Incentive In China

This paper elaborated on equity incentive system theory and analysis and the current reality of China's enterprises equity incentive system on a trial basis. With equity-based incentives to high-tech enterprises and the relationship between Enterprise Performance Analysis, China's high-tech enterprises attempt to suggest directions for the development of incentive stock options and ideas.The core objective is to solve the enterprise's equity incentive corporate managers and shareholders are inconsistencies between the goals of a commissioned agent contradictions , to allow the operator to hold part equity, part of the asset ownership and management integration,so that the operator has a dual capacity to clients and agents, which stimulate the operators to create high performance, to achieve the objective of maximizing shareholder wealth.An equity incentive is the internal distribution system innovation This system, enterprise managers hold shares in different ways, in line with common business interests formed. risk-sharing as a whole, thus binding on both managers also an incentive mechanism. Incentive Stock Exchange have been widely used in many countries, while in China's work in this area has just begun. In China, many enterprises are eager to learn from Western countries use the equity incentive systems The solution to the enterprise of the managers of enterprises lack the incentive and restraint mechanisms. long-term incentive for managers to achieve balance and short-term incentives. And high-tech enterprises based on human capital, knowledge capital resources to the core business. its inherent characteristics of a high-tech enterprise decision more suitable than other types of enterprises equity incentive mechanism.The past, our system environment factors, the implementation of equity-based incentives in China are faced with many obstacles, My general lack of long-term incentive executives. When the time across 05 years into 06 years, as China's reform of the equity division and launching the "Company Law". "Securities Law" and other relevant laws and regulations amended, shares of listed companies in China have been greatly improved incentive system environment. listed companies to remove legal obstacles to the implementation of incentive stock options. January 4, 2006, China Securities Regulatory Commission promulgated the "equity incentive management of listed companies," equity division reform has been completed to allow listed companies to implement equity-based incentives, establish and improve the incentive and restrictive mechanisms, regulate the operation of listed companies and to promote sustainable development. Take this opportunity to encourage high-tech enterprises shareholding system will be a good development.