A Case Study On The Impact Of R Company's Equity Incentive On Market Value Management

After the split share reform,market value management has become a hot topic for listed companies.Equity incentive as an important means of market capitalization of listed companies,but also attracted the attention of listed companies.Management equity incentive mechanism is a long-term effective incentive mechanism,the use of properly not only can reduce the agency costs,but also can guide the management efforts to manage and improve the value of the enterprise.Now,China is ushering in the stock market of gold ten years,the new economy under normal,the capital market to promote the transformation of the real economic function of the show more and more obvious.With the new "country nine" release,the market management of different new ideas emerging,while the normalization of the stock market shocks also let us see some of the name of the management of the name of the illegal acts,Good market value management is not only stay in the stock price level,the essence is in the deep level to help the value of business creation,so the intrinsic value of market value management need to be the original source.This paper first analyzes the background and significance of the case study by means of the combination of theoretical analysis and case analysis.It summarizes the research status of equity incentive and market value management both at home and abroad.Secondly,the basic concept of equity incentive is expounded.Firstly,the basic concept of equity incentive is expounded,And analyzes the main ways of equity incentive and the factors that affect the effect of equity incentive.Then it introduces the theory of market value management and value management and analyzes the main factors influencing the market value management.Thirdly,the author introduces the basic situation of the subject R company,analyzes the motivations of the R Company's implementation of the equity incentive from the external factors and the internal factors,and introduces the process of the implementation of the equity incentive of R Company;Fourthly,according to the basic theory of the second chapter and the basic situation of R company,from the three aspects of market value management(value creation,value management and value realization)to start,evaluate R's equity incentive how to affect the market value of each link,Finally,the author puts forward some suggestions on how to make full use of equity incentive in China's listed companies,and summarizes the whole paper.In essence,the internal equity incentive of listed companies is the driving force of the enterprise managers is also the pr essure,can encourage the management of enterprises more due diligence to work effectively to improve business performance,thereby enhancing the value of the company.The market value of listed companies to manage the equity incentive as an important variable influencing the market value,it should be involved in all aspects of equity incentive system to manage,Therefore,the scientific use of equity incentive means,the management of listed companies have the initiative to make a big market value of the driving force,to promote dynamic balance under the market value maximization has a positive effect.