Based On The Mixed Ownership Reform Of China Merchants Bank Equity Incentive Case Studies

For a long time,equity incentive is considered as the best way to solve the principalagent problem and the human capital value problem.Mixed ownership reform under the new situation in our country,the equity incentive as one of mixed ownership reform messures have been given a new role: through the employee stock ownership plan to expand enterprise property right structure,and make the mixed ownership reform smoothly.Research commercial bank equity incentive case in the background of the mixed ownership reform has the rich research significance and practical significance.In order to understand the equity incentive role in the process of mixed ownership reform,equity incentive has much impetus for mixed ownership reform,this paper adopts normative research method to explains and analysis the relevant theories,On this basis,adopt the method of case study to selected China merchants bank as the research object,expounds the three times of China Merchants Bank's equity incentive plans,analyzes its twice equity incentive plan before the mixed ownership reform and the employee shareholding incentive plan after the mixed ownership reform,which impact on the company's performance and stock price.Through analysis it is concluded that Chinamerchants bank's two equity incentive plan effect of performance on weak style and employee stock ownership plan enhance shareholder's interests,and according this to find out the advantages and disadvantages of China merchants bank's equity incentive plan,on the basis of the advantages and disadvantages,according to the employee level,put forward different improvement suggestions aim at senior management?professional talents?the core staff.Finally according to the case of China Merchants Bank put forward several suggestion for the state-owned enterprise equity incentive in the mixed owned reform.In this paper,through the study found that: the equity incentive as auxiliary measures of mixed ownership reform,can improve the staff enthusiasm,promote the mixed ownership reform smoothly.I hope this research can provide some suggestions for China merchants bank to carry out the equity incentive,and provide some reference to Chinese state-owned enterprise' equity incentive which is in progress of the mixed ownership reform.