YX股份公司股权激励案例研究

发布时间：2018-07-11 21:02

本文选题：股权激励 + 公司治理　；参考：《吉林财经大学》2017年硕士论文

【摘要】：股权激励现已成为现代公司治理的重要手段之一,上个世纪80年代,就已经在西方国家广泛的实施。自2006年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案例来施行自己的股权激励计划。而随着股权激励计划的迅速推广使用,上市公司股权激励情况也逐渐成为了当前市场经济体制下一个备受各界关注的问题。作为一种激励措施,股权激励在改善公司治理,尤其是在缓解公司所有者与管理者的固有矛盾、减少代理成本从而提高公司效率上,发挥了重要的积极作用,同时,在实践中,也起到了进一步激励公司员工,提升公司业绩的作用,但由于我国经济市场目前还不够成熟,起步也比西方国家要晚,导致目前股权激励仍然存在诸多问题。因此如何针对我国所特有的国情,根据不同企业的发展状况制定各自具体的股权激励计划,有针对性的解决在股权激励计划实施过程中普遍存在的各种问题,真正起到促进企业的发展的目的,这些都是在当前阶段,我国股权激励计划研究需要深入探讨分析的。本文采用文献调查、案例研究方法,描述了YX股份公司股权激励计划的概况。以YX股份公司两次股权激励计划为研究基础,同时结合相关研究,探讨分析该企业实施股权激励计划的必要性,相关影响因素,实施效果,以及股权激励计划所产生的问题,并提出了相关建议,尤其是着重强调了非财务指标的重要性,这是对目前以财务指标为主的股权激励评价方式的有效补充。期望为我国企业实施股权激励计划提供基本构架和理论支持,使股权激励计划成为一种促进我国企业发展的有效治理措施。
[Abstract]:Equity incentive has become one of the important means of modern corporate governance. It has been widely implemented in western countries in the 1980s. Since the reform of split share structure in China in 2006, many domestic listed companies have started to follow the successful cases of foreign countries to implement their own equity incentive plan. With the rapid promotion and use of the equity incentive plan, the stock incentive situation of listed companies has gradually become a concern of all circles under the current market economy system. As an incentive measure, equity incentive plays an important and positive role in improving corporate governance, especially in alleviating the inherent contradiction between owners and managers, reducing agency costs and thus improving the efficiency of the company. At the same time, in practice, equity incentive plays an important role. It also plays the role of encouraging the employees and improving the performance of the company. However, because our country's economic market is not mature at present and starts later than the western countries, there are still many problems in the stock right incentive at present. Therefore, how to make specific equity incentive plan according to the development of different enterprises in accordance with the unique national conditions of our country, and solve the various problems in the implementation of equity incentive plan. The purpose of promoting the development of enterprises is really played, these are in the current stage, the research of equity incentive plan in China needs to be deeply discussed and analyzed. This paper describes the general situation of equity incentive plan of YX Stock Company by means of literature investigation and case study. Based on the two equity incentive plans of YX Stock Company and related research, this paper discusses the necessity of implementing equity incentive plan, relevant influencing factors, implementation effect, and the problems arising from equity incentive plan. Some suggestions are put forward, especially the importance of non-financial indicators, which is an effective supplement to the current equity incentive evaluation mode, which is based on financial indicators. It is expected to provide the basic framework and theoretical support for the implementation of the equity incentive plan in Chinese enterprises, and make the equity incentive plan an effective governance measure to promote the development of Chinese enterprises.
【学位授予单位】：吉林财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.7;F272.92

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