信雅达股权激励实施效果研究

发布时间：2018-03-18 02:11

本文选题：股权激励　切入点：可行性分析　出处：《深圳大学》2017年硕士论文　论文类型：学位论文

【摘要】：经济知识时代下,人力资本在推动企业快速发展中发挥着越来越重要的作用。而要想充分发挥企业人力资本的作用,企业的所有者就要想办法制定出有效的激励机制来调动经营者的积极性。股权激励作为一种长期的激励机制将能很好的解决这个问题。实施有效的股权激励能够提升企业团队凝聚力,从而能够有效的把经营者的主动性和积极性调动起来,最终缓解所有者和经营者目标不一致的矛盾。然而,由于我国股权激励的发展相对来说比较滞后,再加上中国不够完善的市场环境,股权激励制度在国内企业发挥作用的时候受到了很大的限制。整体来说,我国公司对股权激励的运用还处于一个不断摸索的阶段。很多企业在实施股权激励的过程中,因方案设计的不科学,再加上外部相关制度还不够完善,使得激励效果不是很理想。所以,研究股权激励对公司的影响相对来说具有较大的社会意义的。本文以信雅达系统工程股份有限公司为案例进行分析,结合相关理论,从而研究信雅达股权激励实施效果。重点在于对公司实施股权激励的可行性分析,以及实施股权激励对公司业绩的影响。首先,本文就股权激励的发展历程及现状进行了分析,并对其进行了简单的概述,为后文的案例分析研究做好充分的准备;然后,对信雅达公司进行简单介绍,并对公司实施股权激励的方案过程进行了简单介绍;接着,引出信雅达系统工程股份有限公司实施股权激励的案例,依据事件发生的背景进行了动因分析,并结合该公司的财务数据详细的分析股权激励对其长期和短期绩效的影响;最后,文章对信雅达公司实施股权激励这一事件进行了总结,并对其提出一些建议。本文的主要贡献在于,从信雅达实施股权激励的案例出发,客观地介绍了实施股权激励的整个过程,并对信雅达实施股权激励的动因、绩效、股价进行了全面的分析。由于本文的分析还处于初级阶段,同时笔者的时间和水平有限,加之所收集数据在质量和数量上方面的局限,并且做统计的时候还存在一定的误差,导致本文对信雅达实施股权激励效果的研究深度和说服力还不够。笔者以后会加大对股权激励对公司业绩影响这领域的研究,以弥补现阶段研究中存在的不足之处。
[Abstract]:In the era of economic knowledge, human capital plays a more and more important role in promoting the rapid development of enterprises. The owner of the enterprise should work out an effective incentive mechanism to arouse the enthusiasm of the manager. As a long-term incentive mechanism, equity incentive can solve this problem very well. Enhance corporate team cohesion, Thus it can effectively mobilize the initiative and enthusiasm of the operator, and finally alleviate the contradiction between the owner and the operator. However, the development of equity incentive in our country is relatively lagging behind. In addition, in addition to China's imperfect market environment, the equity incentive system is greatly restricted when domestic enterprises play a role. On the whole, The application of equity incentive in Chinese companies is still in a stage of continuous exploration. During the process of implementing equity incentive, many enterprises are not perfect because of the unscientific design of the scheme and the external related system. Therefore, it is of great social significance to study the influence of equity incentive on the company. In this paper, Xinyada system Engineering Co., Ltd. is taken as a case study, combining with relevant theory, The emphasis is on the feasibility analysis of the implementation of equity incentive and the impact of the implementation of equity incentive on the performance of the company. Firstly, this paper analyzes the development process and current situation of equity incentive. And it is a simple overview, for the case study after the full preparation; then, a brief introduction to the company, and the implementation of equity incentive program process is a simple introduction; then, This paper introduces the case of Xinyada system Engineering Co., Ltd. to implement equity incentive, analyzes the causes according to the background of the event, and analyzes the impact of equity incentive on its long-term and short-term performance in detail in combination with the financial data of the company. Finally, the article summarizes the implementation of equity incentive in Xinda, and puts forward some suggestions. The main contribution of this paper is that, from the case of Xinyada implementing equity incentive, This paper objectively introduces the whole process of implementing equity incentive, and makes a comprehensive analysis of the motivation, performance and stock price of Xinyada's implementation of equity incentive. Because the analysis of this paper is still in its initial stage, the author's time and level are limited. In addition, the quality and quantity of the collected data are limited, and there are still some errors in the statistics. The author will increase the research on the impact of equity incentive on the performance of the company in order to make up for the shortcomings of the current research.
【学位授予单位】：深圳大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F49;F272.92

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