Research On The Design Of Equity Incentive Of Non-listed Company

In the current market economy environment,equity incentives,as a long-term incentive mechanism,have become the "standard" of many non-listed companies,and are no longer the privilege of listed companies.However,the design of equity incentive mechanism is a systematic and complicated project,which not only matches the development of the enterprise,but also promotes the realization of the strategic goals of the enterprise.At the same time,it must consider the financial,legal and incentive costs to make the risk controllable.The cost is optimal.Then how do non-listed companies design a complete equity incentive plan to achieve its expected long-term incentive effect,and become the starting point of the textual research.Based on the theory and research status of equity incentive,this paper uses case analysis method to select W company as an example,introduces the design of equity incentive scheme in detail,and analyzes the integrity of equity incentive scheme design and its problems in the design of specific elements.At the same time,through the comparison and analysis of equity incentive schemes of W companies and peer-listed companies,we find out the differences in the design of specific elements in the equity incentive schemes of listed companies and non-listed companies,and the problems that need to be avoided in the design of the schemes.On the basis of this,the author analyzes the existing problems and causes of equity incentive of W Company,and finally puts forward adjustment suggestions.At the same time,it provides reference for other non-listed companies to design equity incentive schemes suitable for their own development and form equity incentive schemes that "share benefits and share risks".Through the specific research on the design of the equity incentive scheme of the non-listed company,the paper summarizes the overall structure of the equity incentive scheme of the non-listed company,and the financial risk,management risk,and legal risk that need to be considered in the factor design.