Research On The Impact Of The Implementation Of Esop On The Financial Performance Of Shanggang Group

With the continuous change of economic situation and the continuous development of society,some listed companies are difficult to cope with,and with the proposal of "Employee Stock Ownership Plan",a new road has been opened up for the development of listed companies.However,in China’s capital market,the design of employee stock ownership plan of listed companies is often not perfect in terms of incentive settings,mainly in terms of the proportion of shares that employees can hold under the employee stock ownership plan,except for the detailed division of some executives of the company,other employees are treated equally.Although ESOP is a long-term incentive measure,in the middle stage of the long-term lock-in period,the lack of reasonable medium-term rewards for employees will lead to employee slack.Therefore,according to the characteristics of their own enterprises to design the most in line with the characteristics of listed companies’ own ESOP can promote the company’s financial performance.In the mature market,ESOP is a very common system design,which is conducive to improving the company’s production efficiency and comprehensive strength.At the same time,it is also one of the effective ways to promote the long-term and healthy development of the capital market.In this paper,Shanghai international port(Group)Co.,Ltd.is selected as the research object,mainly using literature research,case analysis and comparative analysis to discuss whether the implementation of ESOP can improve the financial performance of Shanghai international port(Group)Co.,Ltd.First of all,through the elaboration,analysis and summary of relevant literature at home and abroad,we can fully understand the meaning of ESOP at home and abroad,the relationship between ESOP and financial performance;secondly,we define the concept of ESOP and financial performance,and put forward the relevant economic theory of ESOP and financial performance,which is the subsequent analysis of the implementation of ESOP The motivation of the plan and its impact on the company’s performance lay a solid theoretical foundation.Thirdly,according to the summary of financial reports before and after the implementation of ESOP,the vertical comparison of Accounting Indicators and the horizontal comparison with industry average,the paper analyzes the impact of ESOP on the formation of enterprise performance changes,and finally puts forward solutions according to the shortcomings in the specific implementationprocess.We hope to provide guidance and reference for state-owned enterprises and the same industry.