苏宁云商股权激励问题研究

发布时间：2018-05-11 03:34

  本文选题：公司治理 + 股权激励　； 参考：《辽宁大学》2015年硕士论文

【摘要】：股权激励作为一项长期激励机制,早在上世纪八十年代兴起于美国,由于发展较早,西方国家在股权激励方案设计和实施都有优于其他国家的地方。例如,委托代理理论、人力资本理论和产权激励理论都是西方国家在实施股权激励时的有力理论支撑。在分析实施股权激励效果时,西方国家研究学者对于管理层持股与公司的经营业绩之间是否存在着互相促进的关系上存在一定分歧,但认为管理层持股比例的大小与公司业绩好坏之间有相互促进作用的学者还是占大部分的。近年来,股权激励机制在国内越来越得到重视和运用,大部分国内的研究学者、企业及政府也逐渐增多对于股权激励的认识,并对股权激励在我国的发展前景持肯定态度,这也为股权激励在我国的发展提供了合适的人文环境。股权激励可以激励管理人员更勤勉的工作,充分调动高管团队的积极性,提升企业的市场价值。相对而言,还有一些上市公司在发展初期或在拥有一定规模之后没有实施对员工的激励措施,则会面临因薪酬体系、考核标准的不健全而导致的人才流失的问题。自我国股权分置改革之后,国内很多上市公司陆续开始仿照国外成功实施股权激励的公司来实行股权激励的计划。但我国经济市场还不够成熟,起步也比西方国家要晚。因此如何针对我国所特有的国情,因地制宜的发展股权激励计划,如何针对不同企业的发展情况具体的实施股权激励,如何有针对性的解决在激励计划实施过程当中面临的若干问题,如何有效的实施计划促进企业的发展,这些都是股权激励在我国实行所需要深入研究的。苏宁云商作为我国上市企业中的知名企业,其在股权激励计划的实行上颇具代表性。本文通过研究国内外股权激励措施的效果,从苏宁云商权激励方案入手,采用专题研究的研究方法,全面细致地分析了苏宁云商的股权激励方案,并对其实施的结果进行数据对比分析,旨在为其他上市公司在为自己公司设计股权激励方案时提供借鉴和参考,从公司的实际情况出发,设计出有本公司特色的股权激励方案,同时也希望能够为未来股权激励的研究提供一些思路。
[Abstract]:As a long-term incentive mechanism, equity incentive emerged in the United States as early as 1980s. Because of its early development, the western countries have advantages over other countries in the design and implementation of equity incentive schemes. For example, the principal-agent theory, the human capital theory and the property right incentive theory are the support of the western countries in the implementation of equity incentive theory. In the analysis of the effect of equity incentive, scholars in western countries have some differences on whether there is a mutually promoting relationship between managerial shareholding and corporate performance. However, the majority of scholars believe that the proportion of managerial shareholding and the performance of the company promote each other. In recent years, the equity incentive mechanism has been paid more and more attention to and applied in our country. Most domestic researchers, enterprises and governments have gradually increased their understanding of equity incentive, and have a positive attitude towards the development prospect of equity incentive in our country. This also provides a suitable humanistic environment for the development of equity incentive in our country. Equity incentive can encourage managers to work more assiduously, fully mobilize the enthusiasm of the executive team, and enhance the market value of enterprises. Relatively speaking, there are still some listed companies in the initial stage of development or after having a certain scale of the implementation of incentive measures for employees, will face the salary system, assessment standards caused by the problem of brain drain. Since the reform of split share structure in China, many listed companies in China have started to imitate the foreign companies that have successfully implemented equity incentive plans. But our country economy market is not mature enough, start also later than western country. Therefore, how to develop equity incentive plan according to local conditions, how to implement equity incentive according to the development of different enterprises, How to solve some problems in the process of incentive plan implementation and how to effectively implement the plan to promote the development of enterprises, these are the equity incentive in our country need to be further studied. As a well-known listed enterprise in our country, Su Ning cloud business is representative in the implementation of equity incentive plan. By studying the effect of equity incentive measures at home and abroad, starting with the Su Ning cloud quotient incentive scheme, this paper analyzes the equity incentive scheme of Su Ning cloud quotient comprehensively and meticulously by using the method of special research. In order to provide reference and reference for other listed companies to design equity incentive schemes for their own companies, and from the actual situation of the company, the paper designs an equity incentive scheme with the characteristics of the company. At the same time, I also hope to provide some ideas for the future research of equity incentive.
【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F272.92;F724.6

【参考文献】

中国期刊全文数据库 前1条

1 于东智;股权结构、治理效率与公司绩效[J];中国工业经济;2001年05期

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本文编号：1872248