Research And Evaluation On Financial Performance Of Company A Enterprise Equity Incentive

High-tech enterprises are the gathering place of R&D talents,the backbone force of scientific and technological innovation,the leader of the development of "science and technology power",and the main body to solve the "bottleneck" technology.The development of high-tech enterprises represents the vitality and innovation of a region’s economic development,and will directly determine the core competitiveness of China.In 2018 and2019,after the trade dispute between China and the United States,foreign countries began to impose technology blockade on Chinese high-tech enterprises.In order to solve the "bottleneck" problem,the technology research and development began to invest talents and high capital investment,especially for advanced and sophisticated technologies,the initial investment was huge.Therefore,high-tech enterprises must improve the motivation of R&D personnel,stimulate the potential and creativity of R&D personnel,through the scientific system to encourage employees to innovate hard in order to achieve technological innovation.In the current operation and management process of enterprises,equity incentive is generally chosen to promote the work initiative of personnel.Through effective equity incentive measures,researchers and enterprises can be integrated into one,so as to stimulate the innovation of researchers.This article takes high-tech company A as the research object.Firstly,it introduces the motivation of equity incentive in company A,as well as its stock option and restricted stock incentive schemes.Then,from two aspects of finance and leverage,analyze the changes in financial performance of Company A before and after the implementation of equity incentives.Financial performance includes four indicators: profitability,solvency,operational ability,and growth ability,while leverage includes two indicators: financial leverage and operational leverage.After that,using the analytic hierarchy process and efficiency coefficient method to evaluate.Finally,based on the evaluation results,we analyze the problems of equity incentive in Company A and propose optimization suggestions.Through research,it is found that after the implementation of equity incentives,short-term financial performance of Company A has improved,while long-term financial performance has not significantly improved,that is,equity incentives cannot reduce the impact of Sino US trade disputes on the development of high-tech enterprises.The main problems in implementing equity incentives are a single unlocking index,a single incentive model,a small number of incentives,and a short incentive period.Therefore,this article proposes optimization suggestions from establishing a multi indicator performance appraisal scheme,introducing a virtual equity model,and extending the equity incentive period.The research in this article can provide guidance and suggestions for the future equity incentive of Company A,and can also be used for reference by other high-tech enterprises.