The Research On EVA Applied In Salary Incentive To Mangers In High-tech Enterprises

High-tech enterprises, the most important carrier of economic activities in the era of knowledge-based economy, have been evolving into the backbone of the economical development and progress. For high-tech enterprises, the main cause of their dramatic growth lies in the knowledge innovation, technological innovation and management innovation. Moreover, the sources of such innovation are the persons who own innovative knowledge .Therefore how to effectively incentive high-quality and high-intellect talent to play its innovative potential is becoming the key for high-tech enterprises to survive and develop.The managers of high-tech enterprises are the study object in this thesis, and the salary incentivation model is designed which adapts to the features of high-tech enterprises and the characteristics of the human resources of the managers—the combined model of EVA bonus bank plan and phantom stock option plan to incentive managers. The main issues of this thesis are included as follows.Firstly, through reading a lot of literatures, the author deeply understands the past research results about the EVA and the manager incentivation,analyzed their shortcomings and then determined the research content, the thought line and the innovations of this thesis.Secondly, reviewing basic theoreies relevant to this thesis—principal-agent theory,incentivation and EVA theory,and then analyzing the status of the salary incentivation to mangers of high-tech enterprises.Thirdly,comparing EVA with the traditional performance evaluation indicators,REVA and MVA. The conclusion is that when enterprises give salary incentivation to their managers, EVA evaluation indicators should be used. Then this thesis analyzes the impact on the EVA adjustment after the new accounting standards were promulgated, and EVA calculation of high-tech enterprises on the steps.Fourthly, by combining the features of high-tech enterprises and the characteristics of high-tech enterprises' managers, the author designes a manager salary incentivation model for high-tech enterprises—the combined model of EVA bonus bank plan and Phantom stock option plan,and discusses the details of the using process.Fifthly, selecting a national high-tech enterprise—YD company as a case to analyze. Through analyzing YD company and the design thoughts in the fourth part, a set of manager salary model is designed which adapts to high-tech enterprises in China.It is tested by being used in YD, and then the result of this case is analyzed.Finally, summarizing this thesis and stating deficiencies in this thesis.