Research On The Influence Of Equity Incentive On Innovation Performance Of High-Tech Enterprises

The concept of "Intelligent Manufacturing" increases the urgency of high-tech enterprises to improve their independent innovation ability.Most of the independent innovation ability of an enterprise depends on its core employees,and the innovation ability of the core employees depends on a series of corporate governance measures implemented by the enterprise.Therefore,it is particularly important to study how to design equity incentive schemes to improve innovation.This paper takes Guangxun technology of high-tech enterprises as the research object and the impact of equity incentive scheme on innovation performance as the research objective.On the basis of relevant theoretical basis,with the production of new products innovation cycle three phases(innovation R&D input,conversion and output,the innovation research results)as indicators of the performance of enterprise innovation,using the relevant financial data analysis of optical communication technology before and after the implementation of equity incentive,3 period between the equity incentive plan,and compared with the industry average,changes of the innovation performance.The analysis results are as follows: Three periods of equity incentive can improve the innovation performance of high-tech enterprises;The effect of restricted stock on innovation performance is better than that of stock option.Therefore,the new and high technology enterprises with innovation as the primary driving force are more suitable for the equity incentive plan with restricted stock as the main driving force.Stock options help executives to increase investment,while restricted stocks facilitate innovation and research of core employees.Therefore,based on conclusion 2,equity incentive for core employees has a stronger effect on innovation performance.Therefore,for high-tech enterprises,equity incentive should focus on core employees and be supplemented by senior executives.Under the condition that the incentive effect is not saturated,the more radical the restricted stock incentive scheme is,the more conducive it is to the improvement of innovation performance.Therefore,the radical equity incentive is better than the conservative one to some extent.The research conclusion of this paper provides some reference for improving the innovation performance in the incentive effect of the equity incentive scheme and the design of the equity incentive scheme.