To Improve The Design Of Eva-based Executive Compensation Incentive

chinese enterprises are facing much more uncertainties with with the economic globalization.How to seize the opportunity in this challenge, how to compete with foreign companies to achieve comparative advantage in order to improve enterprise efficiency, to promote better and faster development of China's economy, thus promoting global economic development, Chinese enterprises will become the immediate need to must face the problem. In the modern enterprise system, the separation of ownership and operating rights, and thus produced a principal-agent theory. As the owners and operators are seeking to maximize their own interests, combined with information asymmetry and other factors, the operators often through "adverse selection" and "moral hazard" has resulted in the loss suffered by the owner, the owner in order to prevent or reduce such behavior, usually find ways to intervene, one is to monitor, one is motivation. Whether from management or from psychology, Incentive is a better kind of intervention approach. So how do we Incentive? This is what we have to discuss.The purpose of this is in the analysis of the current manager incentive model based on the consideration of various factors, based on EVA's Executive Compensation Incentive model suggest improvements, and try to ensure the improvement of scientific and practical, given the EVA incentive is not just a formula or a single theory, so papers from a mechanism of integrity, consider the relevant theory. Thesis of the main thread as follows:First, this article based on commissioned agent theory, enterprise value theory and Enterprise Culture Theory current managers Incentive Situation expatiated and analysis analyzes current manager remuneration constitute and proposed salary incentive influential factors for salary management provides new ideas.Secondly,expounded based EVA pay incentive mechanism analyzed based EVA pay incentive model, against its inadequate point proposed improving thought and made corresponding improvement analyzed based EVA equity incentive mechanism expounded its impact factors and Incentive Model. Finally, using Qingdao beer previous EVA and related data on this paper based EVA pay incentive improved model conducted hypothetical validation, on This paper uses standard methods supported by empirical methods, based on the past based on EVA manager payment incentives based on the analysis is based on EVA pay incentives, and their incentive model to improve, enrich-based EVA's Salary content so currently based EVA pay incentives more perfect.