The Case Research On Staff Incentive Implementation Effect Of Markor International Home Furnishings

With the continuous development of social economy and the increasi ngly fierce market competition,the governance problem of listed companies has become increasingly prominent.The fundamental reason for this problem is that there is a conflict of interest between the workers and the owner.In order to solve this problem,the SFC issued a "listed company equity incentive management approach(Trial)".According to regulations,the incentive for the equity incentive is mainly i n the senior management and the core technical staff,the list ed company need to explain the rationality of the object if other people participate in the equity incentive plan.So the implementation of equity incentive for listed companies is basically lim ited to the senior management and core technical staff.However,the development of enterprises is not only the need for management,but also need to create a value for each enterprise employees.The release of the “Guiding Opinions on Implementing Employe e Stock Ownership Plan by Listed Companies” in 2014 makes every employee of the listed company have the opportunity to participate in the interests of the company.At present,the implementation effect of equity incentive has been studied by many scholars,the research about the implementation effect of employee stock ownership plan and the implementation effect of the two programs are implemented at the same time is less.After analyzing the present situation of employee incentive in listed companies,this paper choose the equity incentive program in May 2013 and the employee stock ownership plan in December 2014 of Markor International home furnishings as the case analysis object,use of comparative analysis,through financial and non-financial data indicators to analyze the staff incentives implementation effect of Markor.The results show that the equity incentive and employee stock ownership plan have a significant effect on the financial performance of the enterprise.The profitability and solvency of the enterprise have been significantly improved,the market response is good and the non-financial performance has been improved.Besides,the financial performance during the equity incentive plan and the employee stock ownership plan implementation period of the enterprise was better than that of only the equity incentive implementation.Finally,this paper has got some conclusions and revelation,hoping that through the research of this paper,it can provide a reference for the management practice of empl oyees' incentive in listed companies.