Research On The Implementation Effect Of Poly’s Equity Incentive

With the growing scale of enterprises,most modern enterprises are faced with the separation of ownership and management rights,resulting in principal-agent problems.Under this background,equity incentive came into being.By December2021,2,245 listed companies in China have implemented equity incentive schemes.It can be seen that the implementation of equity incentive has become an important way for Chinese enterprises to solve the problem of separation of two rights.However,due to the short years of implementing equity incentive in China and the lack of sufficient practical experience,the incentive effects of listed companies are different in the process of implementing equity incentive.Therefore,the impact of equity incentive on enterprise performance needs to be further studied.This paper selects Poly as the case study object,adopts literature research,case analysis and comparative analysis,and starts from the perspective of the impact of equity incentive on enterprise performance.Firstly,it sorts out the relevant literature at home and abroad,defines the research direction of the paper,and expounds the related concepts and theoretical basis and evaluation methods of equity incentive.Then,it analyzes the basic situation of Poly and the implementation motivation of equity incentive,and describes the two equity incentive schemes in detail.On this basis,it makes a comprehensive comparative analysis from the aspects of financial performance and non-financial performance,and makes an overall evaluation of the implementation effect of Poly’s equity incentive.Finally,it summarizes the implementation experience of Poly’s equity incentive,and gives relevant suggestions on the problems in the process of equity incentive,which will provide reference for its future equity incentive work.