Research On The Stock Incentive Plan Design Of Non-listed Small & Medium-sized Enterprises Company H

As an incentive method,equity incentive has been valued by the management of various enterprises because it can effectively solve the problem of principal-agent in the process of enterprise management,which has greatly promoted the rapid development of enterprises.With the development of China's economy,the role played by small and medium-sized enterprises becomes more and more important,and catches more and more attention from all walks of life,but its own shortcomings seriously hinder the healthy development of small and medium-sized enterprises.For middle and smallsized enterprises,especially for non-listed middle and small-sized enterprises,scientific and reasonable design and implementation of equity incentive plans can prompt non-listed middle and small-sized enterprises to solve their development bottlenecks faster,enhance their core competitiveness tighter,and lay a more solid foundation for their future transformation.Company H,a traditional business enterprise mainly wholesaling and selling auto parts,has encountered such problems as high employee turnover rate and financing difficulty during its operation and management,which has a strong representation among middle and small-sized enterprises and brings great resistance to the development of enterprises.Faced with these dilemmas,it is necessary for Company H to provide equity incentives to promote its sustainable development.Such research methods as literature research,comprehensive investigation,case studies and experience summarization are adopted,such theories as principal-agent and human capital are applied,such literature documents as equity incentives at home and abroad are researched,Company H is selected as the research object of this article,and the problems existing in the implementation of the entire equity incentive plan is found out through a more detailed preliminary survey of Company H's equity incentive participants.Through an in-depth analysis of these issues,combining theory with practice,and the characteristics of the company itself,an equity incentive plan meeting the characteristics of Company H is worked out,and its scientific safeguards for better implementation is adopted for good implementation results.This Article is divided into seven parts.The research background,purpose and significance are expounded in first part.The core concepts,theoretical foundations related to equity incentives,and the equity incentives of non-listed middle and small-sized enterprises are introduced in second part.The overview of Company H including the questionnaire survey and problem analysis of equity incentive participants are described in third part.According to the company's corporate characteristics and management needs,such equity incentive plans as shareholders withdrawal,dividends and equity structure design are designed in fourth part.The implementation of Company H's equity incentive plan and the initial results after implementation are described in fifth part.The safeguard measures for the effective implementation of Company H's equity incentive plan are elaborated in sixth part.The research summary and expectation are expounded in seventh part.Taken Company H as an example,through the research on the design and implementation effectiveness of its equity incentive plan and the safeguard measures adopted,it is concluded that the equity incentive plan for non-listed small and medium-sized enterprises should be designed according to the characteristics of the industry and the company,which cannot be copied,otherwise it will be difficult to achieve good results.The equity incentive plan meeting Company H's development needs is researched;the difficulties faced by Company H with strong practical significance development are solved.At the same time,the experience is provided for the equity incentives of small and medium-sized enterprises,similar to Company H,for reference.