瑞丰光电股权激励案例研究

发布时间：2018-06-08 17:31

本文选题：股权激励 + 实施效果　；参考：《沈阳工业大学》2017年硕士论文

【摘要】：股权激励是国外成熟市场上促进公司高管与股东达成利益共识的最有效方式。随着现代企业管理制度的建立以及我国股权分配制度改革的实施,越来越多的公司意识到,股权激励是完善公司治理结构,增加公司效益,提高企业综合竞争力的最优分配方式。但是,由于我国市场经济发展还不完善,股权激励机制在我国尚不成熟,因此产生的激励效果受多种条件的影响而不能预知。本文采用案例分析的方式,重点探讨股权激励对瑞丰光电产生的影响。首先对股权激励计划进行案例描述,简要介绍了瑞丰光电实施股权激励的背景原因和激励的方式以及主要内容。其次是对瑞丰光电进行案例分析,结合股权激励理论基础对整个激励计划的设计要素以及从市场反应、长期绩效、人力资源和创新能力四个主要方面重点对激励的实施效果情况进行总体分析,剖析了方案设计的不足和实施过程中的不足。最后是结论和启示。经过分析,得出瑞丰光电股权激励方案考核指标设置不够全面,缺少谨慎分析,激励方案相关信息披露不足,同时在激励对象、行权价格、激励期限等方面也存在设计缺陷的结论。根据理论指导实践的原则以及论文研究结论对激励方案整个设计以及实施过程中提出合理的改善建议,希望总结出达到激励效果最大化的行权要素组合模式,为该公司下一次股权激励计划的设计和实施乃至完善我国股权激励制度提供借鉴和参考。
[Abstract]:Equity incentive is the most effective way to promote corporate executives and shareholders to reach a common interest in foreign mature markets. With the establishment of modern enterprise management system and the implementation of the reform of China's equity distribution system, more and more companies realize that equity incentive is to perfect the corporate governance structure and increase the company's efficiency. The optimal allocation method to improve the comprehensive competitiveness of enterprises. However, because the market economy of our country is not perfect and the equity incentive mechanism is not mature in our country, the incentive effect can not be predicted because of the influence of many conditions. This paper focuses on the impact of equity incentive on Ruifeng optoelectronics by case study. Firstly, the paper describes the case of equity incentive plan, briefly introduces the background reason, the way and the main content of Ruifeng optoelectronic equity incentive. The second is the case study of Ruifeng Optoelectronics, the design elements of the whole incentive plan based on the equity incentive theory, and the long-term performance from the market response. Four main aspects of human resources and innovation ability focus on the overall analysis of the implementation effect of the incentive, and analyze the shortcomings of the scheme design and the implementation process. Finally, the conclusion and enlightenment. After analysis, it is concluded that the evaluation index of Ruifeng optoelectronic equity incentive scheme is not comprehensive enough, lack of careful analysis, insufficient disclosure of relevant information of incentive scheme, and at the same time, in incentive object, exercise price, There is also the conclusion of design defect in incentive period and so on. According to the principle of theory guiding practice and the conclusion of the paper, the paper puts forward some reasonable suggestions for improving the whole design and implementation of incentive scheme, hoping to sum up the combination mode of exercise factors to maximize the incentive effect. It provides reference and reference for the design and implementation of the company's next equity incentive plan and even the perfection of China's equity incentive system.
【学位授予单位】：沈阳工业大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F272.92;F426.6

【参考文献】