Research On Financial Evaluation Of Yili Co.,Ltd.stock Incentive Scheme

The two equity incentive plans implemented by Yili Industrial Group in 2006 and2016 happened to go through all stages of the promulgation and implementation of the "Administrative Measures".Since the creation of equity incentive mechanism,there have been many researches on incentive mechanism,scheme design,and incentive effect at home and abroad.However,most of them are based on theoretical research,or empirical research conducted by selecting a specific number of listed companies as a whole,and relatively few case studies on equity incentives.Since each listed company has its specific capital and industry environment,the applicability of each element in the plan is also different.Select Yili Industrial Group as a representative equity incentive case for analysis,study the impact of the two programs on the company's financial indicators,understand the specific operations and implementation effects in the process of granting and exercising,and find its own incentive factors and dividends The shortcomings of the ratio setting make suggestions on the setting of incentive elements,which can be used as a reference for enterprises of the same type.In order to further analyze the impact of Yili Industrial Group's equity incentives on corporate performance,the data before and after the release of the incentive plan were selected for comparison,excluding the influencing factors of enterprise scale expansion,and in-depth analysis of the profits that managers and shareholders are more concerned about Capacity,operating capacity,debt capacity and other indicators,made a comprehensive analysis of related financial indicators.The results show that the company's financial status is unstable,and the effect of the equity incentive plan is not significant,and then the rationality of the setting of incentive factors is further discussed.The superiority of the design of Yili Industrial Group's equity incentive plan can play a reference role to the same industry and the same type of enterprise to a certain extent;the shortcomings in the plan can also bring experience and guidance to other enterprises.