Case Study On Employee Stock Ownership Plan Of Yinbang Share

The role of human resources as an intangible asset in the market competition is more and more prominent.Especially when the lack of management and technical talents becomes an important reason for the long-term development of enterprises,how to use human resources effectively becomes the key problem of enterprise development.As an effective way to promote enterprise development,one of the employees' shareholding plan,through the incorporation of employees into the scope of shareholders,so that both owners and workers of the dual identity,can maximize the incentive staff to improve work efficiency and improve the overall strength of enterprises.After Louis Kelso gave the meaning of the employee stock ownership plan in 50 s last century,the employee stock ownership plan,employee holdings in Europe and the United States and other Western countries have been widely used.In our country,also showed a strong vitality,in August 2012 China promulgated the "listed company employee stock ownership plan interim management approach"(draft),indicates that the employee stock ownership plan in China's capital market gate is about to re-open On February 3,2013,"the State Council approved the Development and Reform Commission and other departments on the deepening of the income distribution system reform a number of opinions"(Guo Fa [2013] 6)will be the "Support the conditional implementation of employee stock ownership plan " as "multi-channel increase in property income of residents " one of the measures for the staff holdings in China to lay the foundation for the promotion.The implementation of employee stock ownership plan,the macro,is conducive to the establishment and improvement of the interests of workers and owners of the sharing mechanism to improve the efficiency of the capital market services to the real economy,so as to promote the smooth development of the economy;micro,The company's daily management,both the company's workers and owners of the dual role,can share the company's development results,help to improve staff cohesion and the company's competitiveness,will improve corporate governance.More and more enterprises began to implement the employee stock ownership plan,the academic community for employee stock ownership research has also become a hot spot,especially for the implementation of employee stock ownership process,employee incentive plan and the implementation of employee incentives Stock research to bring the wealth effect of more and more.However,there is still a big controversy between the existing research on whether there is a positivecorrelation between the employee's shareholding plan and the performance of the firm.The domestic and foreign scholars have made some theoretical and practical explorations,and got several very different conclusions : Most scholars believe that employee holdings and corporate performance there is a significant positive correlation between,and some scholars found that the two are not related or even negative correlation and other different conclusions.And the existing research is mainly macro-oriented,is in the background of the environment for all enterprises in general research,only a small amount of special research on high-tech industries,and other industries are mostly blank in the special study.Therefore,this paper uses the method of theoretical analysis and case analysis to analyze the employee stock ownership plan of Yinbang shares,and analyzes the cases from the process of Yinbang shares shareholding plan,the reasons and the reasons for its smooth implementation.The At the same time,further study of the performance changes of Yinbang shares and the impact of employee stock ownership on corporate governance structure after implementing the employee stock ownership plan.This paper draws the following conclusions:(1)The decline of operating results and the retention of the core talent are the main reasons for the implementation of the employee shareholding plan of Yinbang shares;(2)Yinbang shares the implementation of employee stock ownership plan to improve the shareholder's wealth to improve the ownership structure of the enterprise.(3)the implementation of employee stock ownership plan to improve the company's shareholding structure;Based on the above research and conclusions,the following conclusions are drawn:(1)The good development prospect of the enterprise is the prerequisite for the successful implementation of the employee's shareholding plan;(2)The employee shareholding plan is extensive and special.(3)should actively support the implementation of employee holdings of listed companies to improve the ownership structure and improve the corporate governance structureThis paper is divided into five parts.The first part is the introduction,mainly introduces the research background and significance of the article,studies the ideas and methods,but also introduces the motivation of the enterprise to implement the employee stock ownership plan,the implementation of the enterprise performance and other related theories,and the corresponding review,The overall framework of this paper.The second part is the theoretical summary of employee stock ownership plan,which is the theoretical part of this paper.Including the concept of employeestock ownership,characteristics,the role of employee holdings and related theoretical explanations.The third part of the case for the implementation of employee shares holding the case plan,is the case of this part of the introduction.It mainly introduces the basic situation of the case company,the basic process of the implementation of the employee stock ownership plan and the motive of the implementation of the employee stock ownership plan.The fourth part is the case analysis of this article,analyzes the reasons for the successful implementation of employee stock ownership plan and the effect of employee stock ownership plan on enterprise performance.The fifth part is the conclusion and enlightenment of the case study.Including the conclusion of the case study,combined with the development of China's current capital market,the enterprise employees to implement employee stock ownership plan.