The Implementation Effect And Scheme Optimization Of The Equity Incentives Of Luzhou Laojiao

In the modern enterprise system,the existence of principal-agent system makes separate enterprise ownership and management,causes the owner and operator interests,equity incentive system is to solve the problems of the company type "entrust-agent" in the best tool.As a longterm incentive tool adopted by the company,equity incentive can solve the problems that the owner and the business owner have inconsistent interests,and maximize the benefit of the two.As a long-term and effective incentive,equity incentives have been very popular in our country's listed companies in recent years.In state-owned enterprise reform at present,one of the most representative of the reform of state-owned holding liquor-making industry,the state-owned enterprise during the reform of the implementation of equity incentive to ensure the long-term development of the enterprise,but at the same time,there also exist many problems,such as the immature capital market,the lack of effective performance evaluation mechanism,etc.Therefore,the role,effectiveness,shortcomings and improvement of the equity incentive in this context provide the theoretical basis for the enterprise to carry out the equity incentive.Based on the principal-agent theory,human capital theory and incentive theory,on the basis of case study,in a typical state-owned control a company of liquor luzhou laojiao(a kind of daqu liquor)as the research object,studies the effects of the scheme and implementation of equity incentive,and to improve the equity incentive scheme optimization operation.Main research content is on the basis of the equity incentive theory is introduced and analyzed the luzhou laojiao(a kind of daqu liquor)on the implementation of equity incentive plan,then using qualitative and quantitative research methods to analyze the effect and the implementation of equity incentive in the implementation of the equity incentive plan was discussed,the problems exposed by the last on the analysis of the implementation of equity incentive for the enterprise,the influence of optimize the equity incentive plan design,draw relevant conclusions...