Research On The Implementation Effect Of The Restricted Stock Incentive Of Accelink Technology

Communication is a bridge connecting people to communicate.With the innovation of science and technology,communication technology is also undergoing earth-shaking changes.From the initial 1G regional language transmission technology,to the later 2G short and MMS era,3G pictures and videos.The transmission era of China,the era of 4G mobile Internet,and now the era of 5G Internet of Everything,these changes have profoundly affected people’s production and lifestyle.In the "14th Five-Year Plan" Information and Communication Industry Development Plan officially released by the Ministry of Industry and Information Technology,it is proposed that my country will basically build a new type of safe and reliable digital infrastructure by 2025,and the communication industry will enter a new era.Accelink Technology being in the booming telecommunications industry,under the background of state-owned enterprise reform,in order to promote the development of the enterprise and solve the problems arising from the entrusted agency,the company has implemented equity incentive plans for many times.This paper takes the three restricted stock incentive plans implemented by Accelerator as the main research object,and analyzes its incentive effect.The article starts with the reform of state-owned enterprises and the special nature of state-owned enterprises,summarizes the research significance and background,sorts out the relevant theories,and discusses the incentive motivation and incentive effect under different incentive modes.The program design,unlocking conditions and final unlocking of the three restricted stocks are introduced in detail,and the incentive effect is analyzed from both short-term and long-term perspectives.Among them,the short-term effect adopts the event research method,and the long-term effect uses the financial indicators and economic value-added indicators.At the same time,non-financial indicators such as innovation ability and personnel structure are added to conduct a more comprehensive analysis of the incentive effect of Accelink’s restricted stocks.The study found that Accelink’s restricted stocks in 2014 and 2017 achieved good short-term market response,especially the incentive plan released in 2017 had the most obvious effect,while the short-term market response in 2019 did not achieve the expected effect.Through the analysis of financial indicators,it is found that the three incentive plans have improved the company’s profitability and solvency,but in terms of growth ability and operating ability,the restricted stocks in the latter two periods have not brought significant promotion to the company.The economic added value has increased significantly,and agency costs have also decreased.In terms of employee structure,Accelink’s high-level talents have been growing,and their innovation capabilities and market share are also growing.Therefore,in general,the three restricted stock incentive plans of Accelerator Technology have brought positive incentive effects to the company’s long-term development.Finally,reasonable suggestions are put forward in terms of condition setting,incentive scope and supervision procedures,hoping to provide a meaningful reference for other companies’ equity incentives.