青岛海尔股权激励计划的案例分析
发布时间：2018-11-07 12:11
【摘要】：随着时代发展,公司治理中所有权与经营权的分离产生了传统的委托代理问题,股权激励计划是解决这一突出问题的有力工具,它通过给予作为公司代理人的管理层和核心技术人员等一定的股东权利,使代理人与作为委托人的企业所有者利益趋于一致。文章通过对青岛海尔陆续实施的2009年、2011年、2012年和2014年四期股权激励计划进行全面分析与评价,介绍其激励对象、激励股票的数额、行权期和可行权股票数量、业绩考核指标等要素,阐述其股权激励计划实施控制的过程,并对其股权激励计划的效果进行分析和评价,总结出股权激励计划的相关经验并指出在股权激励计划中应关注的事项。本文共分为六大部分:引言、股权激励计划的基本理论、青岛海尔股权激励计划的案例背景、方案设计及实施过程、效果及成功原因分析以及案例启示。第一部引言,介绍了案例的研究背景和研究意义并对相关文献进行整理和评述。第二部分为股权激励计划的基本理论介绍。第三部分介绍的是案例的背景,介绍了青岛海尔的股权激励计划实施背景并分析了其实施的必要性。第四部分对青岛海尔股权激励计划具体如何设置要素以及具体如何进行实施控制进行分析。第五部分主要介绍了青岛海尔股权激励计划的效果并分析了其成功的原因。第六部分介绍了由青岛海尔股权激励计划案例得到的启示,并指出了在这个案例中应关注的事项。青岛海尔实施股权激励计划后,排除外部因素的影响,公司的股价基本呈上升趋势,公司的各项收益指标也逐年增长,可见股权激励计划对青岛海尔公司价值的提升有正面影响,总体来说是成功的。我们可以从青岛海尔股权激励计划的成功实施中,总结出相关经验供之后的公司参考,同时,青岛海尔股权激励计划中存在的对象选择以及业绩指标考核方面的问题也值得关注。
[Abstract]:With the development of the times, the separation of ownership and management in corporate governance has brought about the traditional principal-agent problem. The equity incentive plan is a powerful tool to solve this outstanding problem. By giving certain shareholder rights such as management and core technical personnel as the agent of the company, it makes the interests of the agent and the owner of the enterprise as the principal converge. Through the comprehensive analysis and evaluation of the four equity incentive plans implemented by Qingdao Haier in 2009, 2011, 2012 and 2014, the paper introduces the incentive object, the amount of the incentive stock, the exercise period and the number of exercisable stock. This paper expounds the process of implementing the control of the equity incentive plan, and analyzes and evaluates the effect of the equity incentive plan. This paper summarizes the relevant experience of equity incentive plan and points out the matters that should be paid attention to in equity incentive plan. This paper is divided into six parts: introduction, the basic theory of equity incentive plan, case background of Qingdao Haier equity incentive plan, scheme design and implementation process, effect and successful reason analysis and case inspiration. The first part introduces the background and significance of the case study and reviews the relevant literature. The second part is the basic theory of equity incentive plan. The third part introduces the background of the case, introduces the implementation background of Qingdao Haier's equity incentive plan and analyzes the necessity of its implementation. The fourth part analyzes how to set up elements and how to implement the control of Qingdao Haier equity incentive plan. The fifth part mainly introduces the effect of Qingdao Haier equity incentive plan and analyzes the reasons for its success. The sixth part introduces the inspiration from the case of Qingdao Haier equity incentive plan, and points out the matters that should be paid attention to in this case. After the implementation of the equity incentive plan in Qingdao Haier, excluding the influence of external factors, the stock price of the company basically showed an upward trend, and the company's various income indicators also increased year by year. It can be seen that the equity incentive plan has a positive impact on the value of Qingdao Haier Company, generally speaking, it is successful. From the successful implementation of Qingdao Haier's equity incentive plan, we can sum up the relevant experiences for the company's reference after that. At the same time, Qingdao Haier equity incentive plan in the selection of targets and performance indicators evaluation problems are also worthy of attention.
【学位授予单位】：江西财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.6;F272.92
本文编号：2316333
[Abstract]:With the development of the times, the separation of ownership and management in corporate governance has brought about the traditional principal-agent problem. The equity incentive plan is a powerful tool to solve this outstanding problem. By giving certain shareholder rights such as management and core technical personnel as the agent of the company, it makes the interests of the agent and the owner of the enterprise as the principal converge. Through the comprehensive analysis and evaluation of the four equity incentive plans implemented by Qingdao Haier in 2009, 2011, 2012 and 2014, the paper introduces the incentive object, the amount of the incentive stock, the exercise period and the number of exercisable stock. This paper expounds the process of implementing the control of the equity incentive plan, and analyzes and evaluates the effect of the equity incentive plan. This paper summarizes the relevant experience of equity incentive plan and points out the matters that should be paid attention to in equity incentive plan. This paper is divided into six parts: introduction, the basic theory of equity incentive plan, case background of Qingdao Haier equity incentive plan, scheme design and implementation process, effect and successful reason analysis and case inspiration. The first part introduces the background and significance of the case study and reviews the relevant literature. The second part is the basic theory of equity incentive plan. The third part introduces the background of the case, introduces the implementation background of Qingdao Haier's equity incentive plan and analyzes the necessity of its implementation. The fourth part analyzes how to set up elements and how to implement the control of Qingdao Haier equity incentive plan. The fifth part mainly introduces the effect of Qingdao Haier equity incentive plan and analyzes the reasons for its success. The sixth part introduces the inspiration from the case of Qingdao Haier equity incentive plan, and points out the matters that should be paid attention to in this case. After the implementation of the equity incentive plan in Qingdao Haier, excluding the influence of external factors, the stock price of the company basically showed an upward trend, and the company's various income indicators also increased year by year. It can be seen that the equity incentive plan has a positive impact on the value of Qingdao Haier Company, generally speaking, it is successful. From the successful implementation of Qingdao Haier's equity incentive plan, we can sum up the relevant experiences for the company's reference after that. At the same time, Qingdao Haier equity incentive plan in the selection of targets and performance indicators evaluation problems are also worthy of attention.
【学位授予单位】：江西财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.6;F272.92
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