Study On The Equity Incentive Effect Evaluation Of Yutong Bus

With the gradual deepening of enterprise organization and the nature of the company,the company's equity is increasingly dispersed,and corporate governance has gradually become complicated and cumbersome.Two rights include ownership and management rights,the relationship between the separation of the two,with the passage of time,the most prominent and significant characteristics of the contemporary corporate system.The principal-agent problem caused by the separation of the two powers is becoming more and more obvious,and the agency cost increases correspondingly.However,the birth of the equity incentive system is a good solution to the problem.In the modern enterprise management in the process of equity incentive which can solve many problems,such as help companies avoid operator's short-term behavior,the operators pay more attention to long-term sustainable future development;in this way can make the enterprise management as the enterprise owners together to jointly participate in the development and decision-making and risk sharing.Enterprise surplus property,and encourage them to work hard,to promote the company value maximization.In this paper,the implementation of the equity incentive plan of Yutong Bus Company as the main body,based on the current situation and development trend of equity incentive in China,focusing on the application of equity incentive plan.In addition according to regulations and the corresponding market performance,dig a series of problems encountered in the implementation of Yutong equity incentive programs,finally according to the results of the study are put forward,to provide a theoretical basis for the corresponding later scholars,and the development of equity incentive gave a modest.