The Research On The Stock Incentive Effect Of Supor

Based on welfare motives,enhancing corporate competitiveness or attracting talents,more and more private enterprises in China have begun to adopt equity incentives,and equity incentives have great room for development in the future.China’s market environment is not yet mature,and equity incentive development is still in its infancy.The effect of equity incentives is limited by many factors,resulting in the implementation of many domestic equity incentive schemes is not ideal.This paper analyzes the implementation effect of the four equity incentives of Supor,and hopes that the success and shortcomings of the case can bring reference to the formulation of equity incentive plan.This paper firstly adopts the method of normative research,explores the background and significance of the research,reviews the literature review on the theory of equity incentives,the choice of scheme design elements,and the utility,and explores the connotation of equity incentives from the perspective of the concept and model of equity incentives.An overview of the theory of principal-agent theory,human capital theory,and incentive theory.In the case analysis part,taking Supor’s four incentive programs as the research object,based on the evaluation of Supor’s financial indicators,market response,market size,employee structure,and equity incentives,combined with icon analysis and induction method for Supor equity incentives.The implementation effect is analyzed.The analysis found that under different backgrounds of property rights,the evaluation indicators,exercise period,exercise price,and incentive objects of the implementation of the equity incentive plan are different,and the incentive effects are also different.Then explore its implementation background and implementation motivation,and the limitations of the four programs.It is found that in the context of family business,Supor tends to be more beneficial to welfare,and the incentive effect is not obvious.In the foreign-funded stage,the company is trying to retain core employees.The purpose of the assessment indicators is relatively loose,the exercise price appears "0 yuan to send shares" phenomenon,the incentive object also increased the core employees of the enterprise.Finally,combined with a series of analysis of this paper,the research conclusions are drawn and the research prospects of this paper are put forward.This paper analyzes the implementation effect of Supor’s four equity incentives,and refines the limitations and optimization suggestions of Supor equity incentives.The limitations of Supor’s equity incentives include: the strength of granting stocks is low;the set of exercise conditions is low;the design of assessment indicators is single;the incentive results are affected by many factors.The paper’s suggestions for the optimization of Supor’s equity incentives are: strengthening equity incentives;improving exercise conditions;building a diversified assessment system;and comprehensively measuring design elements.This paper believes that the background of foreign investment in Supor is more obvious than the equity incentive effect in the private sector and the four equity incentives have different effects.In addition,it is advisable to use the economic value added method for the comprehensive evaluation of Supor.The main contribution of this paper is: Supor’s four equity incentives experienced the transformation of its private enterprise background to the background of foreign-controlled enterprises,which largely reflected the weak corporate governance level of China’s private enterprises after being acquired by foreign-funded enterprises.A series of problems such as brain drain,equity incentives as a means of retaining core employees after the change in the nature of property rights,provide reference for other similar enterprises.