A Case Study On The Performance Compensation Of The Spring In Qinghai Spring

The financial situation is uncertain,and the economy has become global and fully information-based.Mergers and acquisitions of non-listed companies and listed companies play a very important role in society.Nowadays,many enterprises are very keen on M&A transactions to strengthen their own market control.Or to achieve the goal of rapidly expanding the scale,thus enhancing the value of the enterprise.However,everything has a dual character.This behavior not only has benefits,but also has a lot of risks.The characteristics of mergers and acquisitions will generate risks.Many companies have to struggle in mergers and acquisitions,so there have been repeated failures.Performance compensation agreements The system is designed to maintain fair transactions,ensure the quality of assets,protect investors' rights and interests and prevent and control the risks of mergers and acquisitions.But his first use was in the split share structure reform.Of course,with the rapid development of the economy,there are more and more cases of mergers and acquisitions.Because performance compensation agreements can effectively correct the premium rate of valuations and prevent and control risks in transactions and motivate management,they are widely used and are widely spread in the capital markets.However,when it comes to preventing and controlling the risks of mergers and acquisitions,Performance compensation agreements are risky.But the wind Risk is inevitable.Combined with Qinghai Spring backdoor listing performance compensation case,this paper analyzes the risks and problems brought by performance compensation,and explores the problems in the way and content of performance compensation.Finally,some suggestions are drawn up for the enterprises.It is hoped that in the future M&A.the enterprises can choose the compensation method reasonably and use the performance compensation agreement effectively.This article takes Qinghai spring as the research object,combines theory with practice through literature analysis and case study.This paper analyzes the reasons for the existence of performance compensation in backdoor listing and its significance.From the theoretical point of view,it analyzes the definition of backdoor listing,the relevant provisions on the performance compensation commitment of listed companies,and the mode of performance compensation commitment of listed companies.The risk of performance compensation agreement,the role of performance compensation agreement in mergers and acquisitions,through the theoretical and practical analysis of the case study of Qinghai Spring backdoor listing performance compensation commitment case.And emphatically analyzes the Qinghai Spring equity valuation problem and Qinghai Spring performance compensation agreement analysis,the final pass After analyzing the performance of the performance compensation agreement of Qinghai Spring,this paper draws a reflection on the performance compensation case of Qinghai Spring performance compensation.From the point of view of Qinghai Spring performance compensation case,it then puts forward reasonable suggestions in combination with itself.Through establishing a multi-level securities market system,strengthening the supervision of the securities market and,more importantly,improving the decision-making level of the company,some suggestions are put forward in order to provide some theoretical basis for the government to build a healthy M&A market.