Research On Stock Option Incentives In Letv

First of all,Equity incentive as a kind of incentive mode,as early as in the 50 s of last century,has been widely applied in the corporate governance of west.Equity incentive has long been used as the attention hot spot,the theoretical circle and practice equity incentive is a kind of long-term incentive mechanism,enterprise through nuclear technology also awarded the management and staff,make it closely connected with the interests of shareholders,Shared risk,but because of equity incentive itself has two sides,if the design is reasonable and effective use,can arouse the enthusiasm of managers to create value for enterprises,incentive effect;On the other hand,will produce moral hazard,induce managers by earnings manipulation performance improvement to meet the authorization,exercise and unlock the conditions to realize their own interests,which have a negative impact to the enterprise.Because our country law is not perfect,imperfect market,the equity incentive plan listed relatively late in our country,as the pace of reform and opening-up,a lot of company of equity incentive.Since the 1990 s,vanke's options were planning to equity incentive blossom everywhere,finally in 2006 ushered in the "measures for the management of the listed company equity incentive(try out)",marking the formal corporate governance in China pulled open the prelude to equity incentive.Secondly not as rapidly as abroad application in the listed companies of China,its development speed is relatively slow,the deep reasons or if you have any system background,the implementation of equity incentive plan is in Chinese listed companies is the advantages and disadvantages,how can the role of equity incentive in our country listed company work,the influence factors of equity incentive whether different influence on the performance of the company,these are all need to think seriously about and research topic.This paper starts with the actual situation of letv and USES the literature review method and case analysis method.Twice at the end of the paper analyzes the music miniaturization: equity incentive plan,from the aspects of financial performance analysis of the effect of equity incentive,le miniaturization: a summary of the problems and defects existing in the equity incentive plan,analysis the reasons for these problems and defects,and proposes the corresponding countermeasure,finally embarks from the case to the conclusion to the application of equity incentive plans of listed companies in our country's circle.and Suggestions and enlightenment.