A Listed Company Equity Incentive Research On The Impact Of Company's Business Performance

With the rise of equity incentives,equity incentives for listed companies have become a long-term mechanism for corporate companies to motivate management.More and more listed companies choose equity incentives to improve their incentive systems and encourage management.The enthusiasm makes the interests of the management of the company and the interests of the shareholders share the same direction,thereby reducing the agency costs of the company and increasing the business performance.Achieve positive incentives for its target audience.Through this kind of incentive method to solve the problems in the company's principal agent,and promote the company's long-term development.And in the practice of modern enterprises,this kind of incentive has indeed achieved certain achievements.In fact,the exploration and development of equity incentives in China has also matured with the improvement of relevant systems.In this process,more and more enterprises have begun to accept and practice the equity incentive plan.Based on this,this paper evaluates the impact of the equity incentive plan implemented by A listed companies in2013 on the performance of equity incentives,and has an important guiding role for enterprises or individuals considering implementing and accepting equity incentive plans in China.How companies design programs and choose incentive models is of great significance.This paper first analyzes the research background and research significance of the article,summarizes the relevant literature and theory of equity incentive effect at home and abroad,and analyzes the current situation of equity incentives of listed companies in China.Based on this,A listed company is the research object.Analyze the company's equity incentive plan,and analyze the impact of the equity incentive plan on the company's solvency,operational capability,development capability,profitability and other financial indicators,as well as the company's strategic development,and derive the effect of the equity incentive.The conclusions drawn from the case study are as follows: A.The equity incentive plan of A listed company improves the excess return rate of the company's stock to a certain extent and improves part of the company's financial performance,which supports the theory of equity incentives and company performance;The equity incentive plan of A listed company promoted the realization of the company's strategy,and the incentive effect wasaffirmed to a certain extent,indicating that its innovative equity incentive plan design is scientific and reasonable;A listed company's equity incentive plan is not improved after implementation.The company's financial performance,the company's solvency,operational capacity and profitability have been improved,but the growth ability has not been improved,indicating that its equity incentive plan design is not perfect,the target effect of its equity incentives There is also a bias,and the effect of the equity incentive plan from the side is limited.Through the research on the relationship between the equity incentive contract and the performance of A listed companies,this paper can be used as an important reference for the equity incentive model and the corresponding equity incentive contract structure design for other companies that intend to launch equity incentives in China.Relevant stakeholders provide a reference for evaluating the effects of equity incentives,improve the company's operations through equity incentives,and promote the healthy and sustainable development of listed companies.