The Impact Of Equity Incentive On Enterprise Value In Science And Technology Innovation Board

For a long time,the United States has implemented technology export controls on China,and the promulgation of relevant laws in 2022 reflects the transformation of the United States’ control over the Chinese chip industry towards precise interception and suppression.Domestic chip companies need to take corresponding measures to address these challenges.At present,most domestic chip companies are listing on the Science and Technology Innovation Board,and there is an urgent need to implement equity incentives to enhance their own value and alleviate the impact of the US crackdown on the Chinese chip industry.This paper discusses the impact of equity incentives on the value of scientific and technological innovation chip enterprises from a case perspective.Firstly,this article summarizes existing research and theories,deduces the incentives that affect corporate value through equity incentives,and constructs an analytical framework of "equity incentives-corporate value creation,value realization analysis-corporate value".Secondly,based on the above framework,this article analyzes the equity incentive policies of the Science and Technology Innovation Board.Specifically,this article takes3 PEAK as the case study object,explores the implementation motivations and content characteristics of the company’s equity incentive plans in 2020 and 2021,and deeply analyzes how 3PEAK’s equity incentive affects enterprise value creation and value realization under the Sino US technology game.The research findings of this paper are as follows:(1)Shortly after 3PEAK was listed on the Science and Technology Innovation Board,the equity incentive plan released by 3PEAK received positive responses from market investors,which had a positive impact on enterprises,promoted the rise of stock prices and improved market value;(2)The implementation of the equity incentive plan promotes the efforts of 3PEAK in key value creation activities such as R&D capability,talent structure and product layout,and promotes the improvement of the intrinsic value of the enterprise;(3)On the basis of improvement of internal value,3PEAK has simultaneously strengthened dividend policy,information disclosure management and institutional investors’ shareholding ratio and other value realization activities to transfer the enterprise’s intrinsic value to the capital market,promoting the improvement of enterprise value.Finally,based on the analysis and conclusions of this article,feasible policy recommendations and references are proposed for equity incentives to better enhance corporate value.This article focuses on the simulation chip leader of the Science and Technology Innovation Board,3PEAK.It not only purposely constructs the mechanism and path of the impact of the equity incentive of the science and technology innovation board on the enterprise value under the Sino-US science and technology game,but also supplements relevant literature in the field of equity incentives.It also provides practical reference for companies in the same industry of the Science and Technology Innovation Board to implement equity incentives,which helps accelerate the innovation of the chip industry chain,improve and perfect independent opening A safe and controllable technological and industrial system.