Research On The Application Of Virtual Limited Stock System In Huawei's Practice

The entry barrier of private high-tech industry is low,the constant emergence of new enterprises and fierce industry competition have become the market norm,but the high-tech industry with high profit rate is still the hot field of the birth and death of private enterprises.Technology innovation and talent cultivation play a very important role in the life cycle of high-tech enterprises.As one of the equity incentive methods,the virtual restricted stock system has long been proved to be superior to talent management and talent incentive in huawei's long-term practice,and can also play the financing function to raise funds for the company's operation and growth.However,at present,only a few enterprises use the incentive system of virtual restricted shares,and most of the researches on virtual shares by domestic and foreign scholars are concentrated in a specific field,which is rather fragmentary and has not formed a systematic research framework.Therefore,this paper systematically analyzes the specific implementation method and implementation effect of virtual restricted stock in each stage of huawei's life cycle,providing a reference for the following private high-tech enterprises to adopt similar incentive system.Taking huawei as an example,this paper analyzes the specific role of the virtual restricted stock system in talent management and financing at various stages during the process of huawei's establishment,development and growth,and gradually reaching the top of private enterprises and global communication industry.At the same time,in-depth analysis of the virtual restricted stock in huawei's practice of the relevant problems,such as: in the later stage of the virtual restricted stock financing role is gradually weakened;Lack of corresponding internal and external supervision system will cause adverse impact on employees;High cash dividends cause great financial pressure on enterprises;The highly decentralized virtual equity is not conducive to the listing of real shares.This paper also proposes corresponding optimization measures for these problems.First,seek new financing channels after the enterprise enters the growth stage.Secondly,locking the dividend time of virtualstocks can reduce the financial pressure of enterprises and promote the transformation from virtual restricted stocks to real stock listing.Thirdly,improve the corporate culture and reduce the moral hazard of shareholders;Finally,establish more transparent financial and non-financial disclosure systems and strengthen the construction of relevant regulatory systems to safeguard the common interests of employees and enterprises.Finally,this study provides some Suggestions for private high-tech enterprises to reasonably use the virtual restricted stock system at all stages of the life cycle,hoping that the virtual restricted stock system can be applied to more private enterprises.