特变电工股权激励对研发创新的影响研究

发布时间：2018-01-02 05:06

本文关键词：特变电工股权激励对研发创新的影响研究　出处：《石河子大学》2016年硕士论文　论文类型：学位论文

【摘要】：随着全球企业竞争程度不断加剧,提高企业核心竞争力成为首要目标,决定企业核心竞争力和可持续发展的重大因素之一便是企业内部的研发能力。研发投资能力的高低决定企业脱离险恶处境的难易。但是现实中实施股权激励的公司不断出现高管辞职套现、贪污巨额激励资金致使公司连续亏损等负面现象,引发人们对股权激励有效性产生怀疑。因此,制定一套合理的激励机制能够促进企业研发投入和高效产出变得十分迫切,那么如何根据企业自身特点,制定更贴和企业实际情况的股权激励,对企业有举足轻重的作用。本文以新疆特变电工股权激励为具体内容进行案例研究。首先,阐述本论文的研究背景及意义,并归纳总结了国内外研究者对于股权激励的研究程度;其次,对相关的概念及理论依据进行了总结,并查找和归纳了目前有关股权激励对研发投入和产出方面影响的替代变量;再次,对文章涉及的目标案例企业进行相关方面介绍,包括股权激励实施的背景、动因、方案主要内容;接下来,分别运用事件研究法和财务指标分析法分析公司的股权激励前、激励中和激励后在研发投入与产出的替代变量的变化,比如专利申请通过数量、研发技术人员占比情况、研发支出、研发强度、加权平均净资产收益率等的趋势变化,纵向对比公司实施股权激励前后在研发方面的变化情况。本文主要结论,股权激励是把双刃剑,在协调好管理层和股东间矛盾的同时要把握好激励程度,制定合理的业绩考核标准,关注核心技术人员的情况,并对不能为企业带来利润提升空间的研发项目减少研发投入,从这三方面关注可以提高对研发创新的激励效果。并提出以下政策性建议:(1)建立完善的考核机制,促进企业的可持续发展。(2)培养品德兼优的高层管理者作为企业的经理人引导企业做出战略性的决策。(3)制定完善的政策法规。
[Abstract]:With the increasing degree of global enterprise competition, improving the core competitiveness of enterprises has become the primary goal. One of the major factors that determine the core competence and sustainable development of an enterprise is the R & D capability within the enterprise. The level of R & D investment ability determines the difficulty for an enterprise to escape from a dangerous situation. But in reality, it is the public that carries out the equity incentive. The company has been resigning senior executives to cash in. The embezzlement of huge incentive funds leads to the negative phenomena such as continuous loss of the company, which leads people to doubt the validity of the equity incentive. It is very urgent to establish a set of reasonable incentive mechanism to promote R & D input and efficient output of enterprises, so how to develop equity incentive according to the characteristics of enterprises and the actual situation of enterprises. It plays an important role in the enterprise. This paper takes Xinjiang special variant electrician equity incentive as the concrete content to carry on the case study. First, expounds the research background and the significance of this paper. And summarized the domestic and foreign researchers on equity incentive research degree; Secondly, it summarizes the relevant concepts and theoretical basis, and finds and sums up the current alternative variables of the impact of equity incentive on R & D input and output. Thirdly, the paper introduces the relevant aspects of the target case, including the background, motivation and main contents of the scheme. Then, using the method of event research and financial index analysis, we analyze the change of alternative variables of R & D input and output before, after incentive and after incentive, such as the number of patent applications passed. The proportion of R & D technicians, R & D expenditure, R D intensity, weighted average net asset return and other trends, longitudinal comparison of the company before and after the implementation of equity incentives in R & D changes. The main conclusions of this paper. Equity incentive is a double-edged sword, while coordinating the contradiction between management and shareholders, we should grasp the incentive level, formulate reasonable performance evaluation standards, and pay attention to the situation of core technical personnel. And reduce R & D investment for R & D projects that can not bring profit promotion space for enterprises. From these three aspects of attention can improve the incentive effect of R & D innovation, and put forward the following policy recommendations: 1) establish a sound assessment mechanism. To promote the sustainable development of enterprises. (2) to train moral and excellent senior managers as managers of enterprises to guide enterprises to make strategic decisions. 3) to formulate perfect policies and regulations.
【学位授予单位】：石河子大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F272.92;F273.1;F426.61

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