| Human capital is one of the most important capital of an enterprise.Excellent talents can give advice for the enterprise,overcome the professional core technology,and improve the innovation ability and market competitiveness of the enterprise.Therefore,how to attract and retain the core talents of the industry has become an unavoidable problem for every enterprise.At the same time,due to the existence of principal-agent and information asymmetry,enterprise employees pay more attention to the maximization of their own interests,slow down,uncoordinated resource allocation and even waste resources,which eventually damage the shareholders’ rights and interests and enterprise value.More and more enterprises have adopted the new way of incentive,which is different from the traditional way of incentive.In recent years,many enterprises in agriculture and animal husbandry industry have also implemented equity incentive,but there is little research on its scheme and implementation results.Under the above background,this paper selects Zhengbang technology,which has carried out equity incentive for many times,as the research object to study its equity incentive scheme and implementation consequences.Referring to the relevant literature,this paper makes a detailed analysis of the continuous equity incentive scheme of Zhengbang technology,and finds that the motivation for incentive is mainly to promote the transformation of "double main industry driven",attract and retain core talents,and promote the long-term development of enterprises.Through the comprehensive analysis of the financial and non-financial indicators of Zhengbang technology,the following conclusions are drawn:(1)Zhengbang technology has greatly improved its operating performance through expansion in the upward stage of the cycle under the action of equity incentive,but the asset operation and solvency of the enterprise have not been improved.(2)Continuous equity incentive plays a positive role in introducing excellent talents,improving innovation ability and enterprise value creation ability.(3)The market reaction is different when issuing equity incentive announcements at different stages of the enterprise cycle.Finally,it evaluates the continuous equity incentive scheme of Zhengbang technology,puts forward the advantages and disadvantages of the scheme,and puts forward optimization suggestions for the existing shortcomings. |
