Analysis On The Effect Of Equity Incentive In Shenzhen Vanke And Research On Its Improvement Measures

The equity incentive mechanism plays an important role in improving the interest differences between the company's top executives and shareholders and in promoting the gradual convergence of their respective interests.However,due to the particularity of the development of our country's market economy,the role played by the equity incentive mechanism of our country's listed companies has been greatly reduced and even played a negative role.How to maximize the benefits of the equity incentive system and improve its effectiveness to help enterprises win long-term development is a difficult problem that needs to be improved and solved in our country's equity incentive system?Shenzhen Vanke is the leading enterprise in our country's main board market,and it is also the earliest company in our country to begin to use the equity incentive system.it has been worshipped and emulated by many domestic enterprises in the aspects of company management,leadership and governance.Shenzhen Vanke's equity incentive mechanism is representative and can reflect the current situation of listed companies' equity incentive to a certain extent under the socialist market economy environment in our country.Therefore,this paper takes Shenzhen Vanke as the research object,uses principal-agent theory,incentive theory and human capital theory to analyze the implementation plan and effect of its three equity incentive schemes,summarizes its success and failure experiences,and tries to peep into the equity incentive mechanism of listed companies with Chinese characteristics,so as to provide references for our country's enterprises.Firstly,the thesis uses the methods of literature survey and network survey to analyze the current theoretical and practical status of equity incentive of listed companies in our country.The second chapter introduces in detail the relevant theoretical basis for the study of equity incentive mechanism at home and abroad,and discusses the impact of equity incentive mechanism on the company.The third chapter focuses on Shenzhen Vanke's equity incentive scheme as a case,and discusses the background and main contents of the implementation of Shenzhen Vanke's equity incentive mechanism.The fourth chapter focuses on the problems existing in Shenzhen Vanke's equity incentive scheme and puts forward a series of improvement measures in order to provide inspirational suggestions for the equity incentive mechanism of listed companies in our country.The fifth chapter mainly explains the enlightenment and suggestions given to us by Vanke's equity incentive.The sixth chapter summarizes the full text and prospects the implementation and development of China's equity incentive mechanism.