The Study On Equity Incentive Of Listed Companies Design Comparative Analysis-HEALTH And Ireland Eye

At this stage, as China’s economic development, gradually expand the size of the business, a business-to-business operators have become increasingly demanding, operators need to invest more and more energy, and gradually beyond the capabilities of operators, the resulting separation of ownership and management, in order to reduce agency costs and maximize enterprise value, more and more companies use equity incentives to solve this problem. Equity incentive by giving employees a certain share, enabling employees to better serve the company effectiveness. Our GEM since opening in 2009, more and more companies have begun the implementation of equity incentive plan, because most of the GEM high-tech enterprises, they are characterized by high growth, and employees generally younger, as compared giving them salaries or other short-term incentives, the staff hopes to get more long-term interests, equity incentive GEM has become hot up, of course, in the course of implementation, there has been a lot of problems, there have been some success case.Based on the high-tech enterprises GEM equity incentive plan implementation study and select the specific case Tomson times and the relative success of Ireland eye to expand a study two cases, the first theoretical analysis of the GEM equity incentive implementation significance and its influencing factors; Secondly, the status quo equity incentive GEM listed companies, including the status of the overall implementation of the distribution as well as the current situation and the GEM equity incentive plan implementation status of implementation of the environment; again, by Tomson times and that Ireland Eye expand detailed analysis of two typical cases were analyzed and the specific content-HEALTH Ireland Eye equity incentive plan, the implementation of financial data by comparing them before and after the change of equity incentive, as well as financial data were compared with the median of the industry, combined with its market reaction to an overall judgment of their impact of the implementation of equity incentive plan brought; Finally, the comparative analysis of the two companies through equity incentive programs to integrate the conclusions and recommendations are given. Comprehensive view, compared with Ireland Eye, although equity incentive HEALTH embodiment has achieved some success in terms of operating margin and so on, but because of its design is relatively reasonable, agency costs have not been significantly improved while Ireland eye through equity incentive programs to reduce agency costs also increased business performance, to be more reasonable than-HEALTH. Therefore, this article by-HEALTH Ireland Eye and case studies to make certain recommendations, hoping to give the GEM equity incentive designed to provide a contribution, has a certain practical significance for the GEM equity incentive design.