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Effect Of The Implementation Of Maiquer Equity Incentive

Posted on:2017-02-26Degree:MasterType:Thesis
Country:ChinaCandidate:R JiaFull Text:PDF
GTID:2309330503489641Subject:Accounting
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From 1950 s onwards, through the continuous improvement of the enterprise system, equity incentive has become an important long-term incentive. But after half a century, our country began to introduce equity incent ive, to carry out the reform of equity division. In order to provide effective legal system, China has successively promulgated a series of laws and regulations on the equity incentive, lays a foundation for the enterprise to implement equity incentive. However, more and more enterprises for executive incentive, realize the maximizat ion of enterprise value, equity incentive to choose as the company’s incentive way. So, to develop in line with China’s national condit ions and institut ional environment of the incentive system of stock incentive in our country the development of a great signif icance. With the development of China’s economy, more and more enterprises reached line with the implementat ion of equity incentive conditions, make appropriate equity incentive plan, is conducive not only to solve the agency problem, and can promote enterprise development, thereby promoting the development of China’s economy. So the selection of private enterprises as the main body of the research mainly consider two aspects, on the one hand is state-owned enterprises by the impact of government intervention and other factors, and privat e enterprises do not have this problem, the selection of private enterprises can better reflect the characteristics of the market; on the other hand is due to the managers of private enterprises pay and benefits far less than the state-owned enterprises. Especially in recent years, China’s economic downward pressure, the flow of talent, and so on, and equity incentive as an effective way to retain talent, therefore, the implementat ion of equity incentive in private enterprises has a certain urgency.This article take Maiquer as an example, its companies to further improve the corporate governance structure, to achieve the company senior management personnel and core business of long-term incentives and constraints, realizing the sustainable development of the enterprise, implementat ion of the restricted stock incentive. Firstly, the research background and signif icance of the study, followed by A review of the present situation on the domestic and foreign scholars to study the effectiveness of equity incentiv e and equity-based incentives and corporate performance; Again, the relevant concept and theory are summarized and analyzed the current equity incentive several models commonly used and their characteristics; Next, this article describes a simple case of a company, discussed the company’s equity incentive motivation, the equity incentive program elements as well as the company’s financial performance this study, and peers through company comparison of performance, found that the company equity incentive, brought certain benefits to shareholders, reflecting the performance of the company has some improvement, followed by analys is of the implications of implementat ion of equity incent ive.Finally, it summarizes the conclusions of this study, that the wheat Maiquer implementat ion of equity incentive, effectively improve its performance, and get a good market effect, to lay a good foundation for long-term developm ent of the company. Taking into account the market situation at present China’s food industry, this study may provide lim ited reference to the company’s management. At last, give some suggestions of private enterprises equity incentive:(1) enhance the market supervision and reduce information asymmetry;(2) consummate internal governance structure, strengthen internal supervis ion;(3) improve the relevant laws and regulations;(4) establishing reasonable equity incentive plan;(5) the establishment of a fair and scientific performance appraisal system.
Keywords/Search Tags:Equity incentive, Corporate performance, The implementation of results, Influence factors
PDF Full Text Request
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