Research On Manager's Comprehensive Performance Evaluation Based On Equity-based Incentive

Equity-based incentive system is established on the basis of evaluation system of managers an effective performance evaluation can guarantee the successful implementation of Equity-based incentive. In China Equity-based incentive starts late and The enactment of Equity-based Incentive Management Approach (Trial) of the listed company signifies that Equity-based incentive in china moves into implementation phase From the enactment of related policy to the issue and implementation of the listed company Equity-based incentive specific programs , the evaluation of managers' performance has always been the focus of attention。Based on the research of other scholars,this paper systematically analyzes the existed problems of Equity-based incentive in china, such as the simpleness of the evaluation index, lack of strict examination and systemic。This paper firstly review the research state quo of the evaluation of manager s performance based on the Equity-based incentive and sum up the existed problems from the aspects of organization, evaluation index and evaluation method, then propose the principles and establish a comprehensive manager's performance(including enterprise performance and individual performance) evaluation index system based on Equity-based incentive and on the basis of it build a comprehensive fuzzy evaluation model according to the characteristics of the Equity-based incentive, at last taking a company for an example analyze the application of the model and prove its feasibility。The major progress of this paper are as follows:(1) From the perspective of system theory ,learning from the idea of balanced scorecard and directed by enterprise strategy goal and sustainable development , this paper establish the managers' performance evaluation index system based on Equity-based incentive which includes the combination of dynamic index(similitude index) and static index and the combination of growth scale index and the growth quality index. so, it can overcome the defects that the over-simpleness of the existed indexes cannot reflect situation of managers' performance evaluation comprehensively and have referential significance for further Equity-based incentive solution。(2) Introduce comprehensive fuzzy evaluation into the evaluation of managers' performance. This changes the situation that we attach too much importance on quantitative financial index , so that the effect which enterprise's sustainable development and manager's performance evaluation impose on enterprise is ignored and it also make the evaluation model more comprehensive and synthetic and realize the combination of qualitative index and quantitative index。Introduce the average performance level of the company and the industry in recent 3 years as a threshold value into performance evaluation model which realize the vertical self-comparison and the horizontal comparison with the same industry and also filtrate the effect of uncontrollable factor on manager's performance, meanwhile, to make these financial indexes as threshold value inherit the advantage of previous Equity-based incentive solution。...