Research On The Impact Of Company X Stock Incentives On R&D And Inovation

In recent years,the country's emphasis on innovation capabilities has been continuously increased.In the "Outline of the National Innovation-Driven Development Strategy",China's independent innovation capabilities are weak and the core competitiveness of enterprises is not strong.Enterprises are an important part of national R&D and innovation,and it is imminent to enhance the technological innovation capabilities of enterprises;at the same time,the society has entered the era of big data,and the rapid growth and rise of emerging technologies such as computer technology and artificial intelligence have made the need for technological innovation more urgent.However,due to the high returns of enterprise innovation investment,there are also many disadvantages such as long investment return period,large uncertainty of risks and returns.Equity incentives are welcomed by many companies as a long-term incentive mechanism that stimulates R&D innovation and retains core talents to enhance corporate R&D and innovation capabilities.Therefore,how to use equity incentives to enhance the enthusiasm of enterprises for innovation activities and promote the improvement of enterprise R&D and innovation capabilities has become a hot topic in academic research.So far,domestic and foreign researches have focused on large-scale empirical analysis of equity incentives and R&D innovation capabilities.Case studies of specific companies 'equity incentives and their impact on R&D innovation capabilities have been relatively small.Company x,as the first enterprise in China to implement equity incentives,is also a leading high-tech company in China.Its flexible equity incentive policies and huge annual R&D expenditures maintain its leading position in the industry.Therefore,this article selects X Company as the analysis object,and has a profound impact on R&D innovation through the case study of X Company's equity incentive.This article mainly uses case analysis method,comparative analysis method,prospect theory analysis,and grey correlation analysis.Through the case analysis,sort out the history of the company 's implementation of the equity incentive policy,focusing on the characteristics of the TUP equity incentive plan implemented in recent years;then study the difference between ZTE and its equity incentive policy,and findtwo by comparing its output and investment in R&D and innovation Different ideas for business development.Finally,by constructing a prospective rational framework,the impact path of x company's equity incentives on R&D is sorted out,supplemented by a grey correlation study to find the biggest factor affecting x company's equity incentives.Through the analysis and research in this paper,the company's R&D and innovation indicators have increased significantly after the implementation of the company's equity incentives.Its active,flexible,and wide-ranging equity incentive policy will increase the company's willingness to R&D and innovation,enhance employees' enthusiasm for R&D and innovation,and retain core technical staff.Through the above analysis,this paper focuses on the research and summary of the impact of equity incentives on corporate R&D and innovation capabilities.X The company's positive equity incentive policies have a positive impact on R&D innovation.It provides a good demonstration role for other enterprises that are preparing to implement the equity incentive policy.