The Influence Of Equity Incentive On Value Creation Of High-tech Companies

Value creation is the core problem of all enterprises' developlent.Only by continuously creating value can enterprises achieve long-term and sustainable development.Equity incentive was introduced very early in developed countries such as the United States,which became the driving force for the sustained development of enterprises in modern developed countries such as the United States.As a matter of fact,equity incentive has both positive and negative effects.In the implementation process,it conforms to the actual situation and can constanthr promote the development of enterprises and contribute to the value creation ability of enterprises.However,if it is not implemented in accordance with the actual situation,it will become a stumbling block for the development of the enterprise,and a tool for the management or core employees to seek their own interests,thus harming the interests of shareholders.How to make the equity incentive in appropriate circumstances to promote the good development of enterprises has become an important research issue of the implementation of equity incentive enterprises.This paper focuses on the analysis of the relationship between equity incentive and enterprise value creation,selects high-tech enterprises as the research object,takes tencent company as the case,and adopts qualitative analysis and quantitative analysis to analyze the changes of enterprise value creation ability of domestic technology-oriented companies when equity incentive is carried out.This paper studies value creation from two perspectives,one of which is financial index.It conducts quantitative analysis and qualitative analysis to calculate the change trend of financial index within three years after the implementation of equity incentive.On the other hand,it analyzes the market share,calculates the market share and growth rate of tencent's main business after equity incentive,and analyzes the changes of value creation of high-tech enterprises after equity incentive through two indicators.Through the analysis of financial indicators and market indicators,it is found that after the implementation of the equity incentive plan,the financial indicators and market indicators have a relatively obvious rise and growth,indicating that the equity incentive plan plays a promoting effect on value creation,and is conducive to the improvement of enterprise value capability.