| The executive incentive has always been one of the hottest issues in the economy theory field . As indicated by the research of Humanity hypothesis theory and incentive theory of the western , incentive can make people exploit their potential capability .For the executives ,the direct suppliers of the entrepreneur source ,the efficient incentive can have the geometric series amplified effect on social economy .According to the two-factor theory, the factors which affect people are primarily divided into two kinds : hygiene factors and incentive factors .The forth, as indirect satisfaction, is maintain factors ; The latter, as direct satisfaction, is maintain factors. Therefore, the executive pay schemes are designed , they should be divided into incentive pay schemes and non- incentive pay schemes , of the most important is the designation of incentive pay schemes .Traditional incentive pay schemes are primarily divided into two kinds : one is built on the basis of accounting model ;the other built on the basis of market model. Due to the serious and the existence of weak-efficient capital market , traditional incentive pay schemes only established on the base of these two models have the unavoidable faults , but the executive incentive pay schemes based on EVA can supply a more feasible thought for us . This dissertation makes designation and research on the executive incentive pay schemes from a new point.The dissertation ,firstly, presents us with the economic implication of EVA, the calculation of EVA and accounting adjustment ; then deeply analyzes the key techniques and advantages of the application of the executive incentive pay schemes based on EVA , such as the EVA incentive mechanism , the analysis of value drive factors and performance pyramid model ,BSC performance evaluation and integrated performance evaluation systems based on EVA ; thirdly, designs the executive incentive pay schemes based on EVA which conform to our national reality and are feasible in the light of the main problems of the executive incentive pay schemes such as Executive Bonus Scheme and Executive Phantom Stock Option Plan ; finally, puts forward the macro and micro environmental requires and suggestions and the prospect of application of the executive incentive pay schemes based on EVA. |
