Study On The Impact Of Equity Incentives Of Information Technology Service Enterprises On R&D Investment

As a strategic emerging industry in China,the information technology service industry is closely related to the overall foundation of the national economy and social development.Today,in advocating "China's creation",information technology service enterprises are not only the navigators of China's innovation road,but also undertake the mission of promoting the in-depth integration of information and industry,building an innovative country,accelerating the transformation of economic development mode and industrial structure adjustment,and improving national information security capabilities and international competitiveness.On the one hand,with the emergence of emerging technologies and products,the competition in the information technology service industry is becoming increasingly fierce,which puts more demands on the technological innovation of information technology service enterprises,and technological innovation cannot be separated from research and development activities;On the other hand,there is a certain irreplaceability in the work of high-end R&D technicians,and the speed of cultivating and delivering such talents often cannot keep up with the growth of demand.Under the situation that talents are in short supply,many information technology service companies are faced with the problem of retaining and attracting the talent.Therefore,an effective incentive mechanism is needed to promote information technology service enterprises to carry out research and development activities,increase R&D investment,attract and retain core R&D talent teams,and gain momentum for sustainable development.In this context,equity incentives Has received a lot of attention from information technology service companies.This paper first summarizes and sorts out the research of other scholars on the relationship between equity incentives and R&D investment,and proves that there is an inherent relationship between the two.Then through theoretical analysis,it introduces the mechanism of the impact of equity incentives on the R&D investment of information technology service enterprises,and the impact of the different incentive scheme design on the effect of equity incentives on R&D investment.Then,this article takes IFL YTEK Co.,Ltd.as an example.Firstly,it analyzes the difference of the factors of the two equity incentive schemes.On the basis of this,I compared and analyzed the different performances of IFL YTEK Co.,Ltd.in R&D capital investment,R&D personnel investment and R&D motivation after the implementation of the two equity incentive schemes,to prove that whether equity incentives will promote the R&D investment of information technology service enterprises and whether the different design of the incentive scheme elements will have an impact on the promotion.Finally,combined with the characteristics of information technology service enterprises,starting from the three incentive elements of incentive objects,incentive time and exercise conditions,some suggestions on how to design more effective incentive programs to enhance enterprise R&D investment have been put forward.The research results show that the two equity incentive plans of IFL YTEK Co.,Ltd.have generated different positive impacts on its R&D investment,indicating that the implementation of equity incentives by information technology service companies can indeed enhance their R&D investment,and different equity incentive plans will influence the degree of promotion of R&D investment.