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Research On Dynamic Equity Adjustment Scheme Of ZY Venture Company

Posted on:2020-07-15Degree:MasterType:Thesis
Country:ChinaCandidate:W ZhuFull Text:PDF
GTID:2439330578965813Subject:Business administration
Abstract/Summary:PDF Full Text Request
For entrepreneurs with relatively scarce resources,the implementation of equity incentives for partners is an important way for enterprises to lock in talents.Mass entrepreneurship encourages intellectual capital owners to use private material capital for joint venture.However,in the process of entrepreneurship,the unreasonable design of the proportion of intellectual capital and material capital equity easily puts the intellectual capital owner at a disadvantage.Dynamic equity adjustment scheme is a new type of equity incentive mode established to solve the above problems for start-ups.While drawing lessons from the advantages of traditional equity incentive mode,this model innovates in the design of equity,organically combines enterprise asset investment,personnel employment and distribution system,and achieves good results in practical application.However,in the process of implementing the Dynamic Equity adjustment scheme,the design of contribution point,the accounting standard of contribution value and the repurchase price have certain subjectivity,which sometimes affect the incentive effect of the Dynamic Equity adjustment scheme,and still need to be further improved.Therefore,it is of great theoretical and practical significance to explore the implementation of Dynamic Equity adjustment scheme and practice in start-up enterprises..This paper mainly uses the method of combining case study with theory application,using literature review and case analysis,taking ZY Company as an example,focusing on the study of Dynamic Equity adjustment scheme of start-up enterprises.This paper analyses the present situation of ownership structure of ZY Company,finds out the problems,analyses the reasons and puts forward that the contribution value of resources should be taken as the starting point for the calculation of ownership ratio,and the contribution statistics should be carried out in the way of diary.When the corresponding milestone of the company is reached,the ownership ratio of each partner at this stage shall be determined according to the accumulated contribution value of each partner and the proportion of shares to be allocated.The method of cash-in-demand capital realizes the dynamic change of the original ownership structure by changing the temporary capital reserve into equity.From the implementation effect of the first stage,the Dynamic Equity scheme design effectively improves the problem that the initial equity ratio of ZY company is too average,improves the initiative of partners,and improves the overall operating efficiency of the company.It also provides experience for other start-up enterprises to design Dynamic Equity schemes.The dynamic equity incentive mechanism can help start-ups acquire the key resources they need with lower capital cost,lower risk and higher attraction,which has certain advantages.Although this new equity incentive design is intended for start-up enterprises,it can also be applied to other types of organizations or projects in terms of economy and practice.
Keywords/Search Tags:Contribution value, Milestone, Dynamic equity, Adjustment model
PDF Full Text Request
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