Research On The Performance Of The Implementation Of ESOP By JIAI Technology Corporation

Since 2012,China has vigorously advocated the implementation of employee stock ownership plans(hereinafter referred to as ESOP)by listed companies,and believes that the implementation of this plan is beneficial to the company's development.As a listed company,JIAI Technology Group Co.,Ltd.(hereinafter referred to as JIAI Technology)also hopes to implement ESOP to improve the company's operating conditions and improve the company's performance in petroleum equipment research and development,so the company has implemented several ESOPs since 2015 plan.From the listed companies implementing ESOP,we see that some companies have achieved their initial goals through the plan,while some companies have not achieved the original intention of promoting the company's development.In order to further understand whether JIAI Technology has achieved the expected results after implementing ESOP,it is necessary to conduct research on the company's implementation,analyze the performance changes since its implementation,and judge whether the implementation is successful.If the implementation effect is good,summarize its experience,if the effect is not good The existing problems and suggestions for improvement are provided to provide reference for JIAI Technology to implement ESOP in the future,and also give some reference and inspiration for other companies that want to implement ESOP.Through combing the relevant ESOP literatures and combining with the implementation of JIAI Technology,the thesis analyzes the company's implementation of ESOP by using comparative analysis,balanced scorecard method,AHP and multi-objective decision-making methods.The full text is divided into five parts.The first part introduces the ESOP research background,purpose and significance,summarizes the relevant research achievements of scholars in this area at home and abroad in recent years,and determines the research framework of this article.The second part interprets the ESOP related issues from the four perspectives of the concept and basic content,characteristics,advantages and disadvantages of ESOP,and China's development process,and paves the way for the subsequent analysis.The author's theory,two-factor theory and other aspects introduced ESOP related theories.The third part introduces the company's basic overview from the financial status,shareholding structure,and employee status of JIAI Technology;it analyzes the motivation of the company's implementation of ESOP from the financial level,customer level,internal process level,learning and growth level;Summarized the company's implementation plan and process.The fourth part analyzes and evaluates the performance of JIAI Technology after implementing ESOP with reference to the four dimensions of balanced scorecard: finance,customers,internal processes,learning and growth.Financial performance has played a positive role(small and short-lived),but it has not played a role in the three aspects of customers,internal processes,learning and growth,and even appeared some negative effects.In four aspects,the purpose of implementing ESOP This article believes that the implementation of ESOP by JIAI Technology is a failure.In response to the problems summarized in the fourth part,The fifth part puts forward relevant suggestions for future implementation of ESOP according to its own situation,including shareholding period,funding source channels,industry development trends,new business development,and its own competitive advantage,Improve product quality,improve the matching of ESOP incentives and employee needs,enhance employee rights and interests protection,increase employee shareholding ratio,optimize participation target standards,etc.