Research On The Implementation And Effects Of The Employee Stock Ownership Plan Of The Listed Companies

Most successful companies will have a sound system foundation,so as to ensure that the enterprise personnel with relative stability,and can be considered for the long-term development of enterprises.A set of perfect and effective internal ESOP mechanism is an important part of the institutional basis ? The modern enterprise system gradually established after the successful implementation of the share reform,more and more enterprises begin to use this ESOP mechanism which makes employees more long-term strategic perspective by giving employees the right to obtain a company's stock or equity linked to a certain condition in order to improve the contradiction between the shareholders and employees as also as the enterprise's own system foundation,the effect of stock ownership ESOP mainly lies in the subjective initiative of the managers,the ESOP object can enhance the performance of the enterprise through obtaining ESOP which can make them do better?Once the performance promoted,the company's stock price will rise,in this kind of ESOP system,employees and shareholders can be more consistent and the principal-agent problem can be solved further because the stock price is the best tool to reflect the performance of the company,the increase of it will bring employees more benefits.As the main ground for the ESOP program,manufacturing have more experience.Xiuqiang glass company is a member of the manufacturing enterprises that we can analyze the operating results of Xiuqiang glass company by the method of comparative cases and financial analysis? First of all,we analyze the relevant theories and principles of ESOP on the basis of previous studies so as to pave the way for evaluating the effectiveness of the group?Secondly,we analyze the background and reasons of the implementation of ESOP in Xiuqiang glass company as well as make a specific description of the ESOP content and exercise,at the same time,the paper analyzes the performance changes after the implementation of ESOP from the aspects of management,investment,financing,and makes a comment on the effect of the implementation?Finally,we will look at the whole Chinese market,and put forward some concrete suggestions and prospects on the implementation of the domestic ESOP?The research in the essay can help the enterprises to optimize its schematic design of ESOP,which will render the useful experience for the listed campanies to conduct its ESOP and help us know the implementation effect of equity as well.In the meantime,it will contribute to the provision of casr support for the ESOP in our nation.