Study On The Implementation Effect Of Restrictive Stock Incentive Scheme In Haitian Flavor Industry

With the continuous development of market economy,the scale of enterprises is also expanding,and the social division of labor is becoming more and more detailed.Therefore,the separation of ownership and management rights has emerged,and the problem of principal-agent has arisen between owners and operators.Due to the consideration of their own interests,owners and operators inevitably have conflicts such as inconsistent goals and conflicts of interest.In order to make the interests of the two tend to be the same,the equity incentive model is produced in the actual business process.Under the role of equity incentive,by giving employees a certain amount of shares,the interests of employees and shareholders are bound together,so that employees can better serve the company.Operators can also give full play to their intelligence and efforts,and at the same time,they can obtain more returns while ensuring the maximization of the interests of enterprises and the maintenance of the interests of owners,so as to achieve a win-win effect.Equity incentive has been widely used in the capital market of developed countries such as Europe and America,but it started late in China.Since the reform of non tradable shares in 2005,China has issued a series of relevant laws and regulations,which only lasted for more than ten years.However,with the development of market economy and the adjustment of national macro policies,more and more listed companies begin to pay attention to the equity incentive mechanism in recent years,and have issued equity incentive plans.Equity incentive has also entered a booming "golden age" in China.In this case,Haitian flavor,the leading enterprise in the seasoning industry,is the first to implement equity incentive,which is a restrictive stock incentive.Although it started late,its equity incentive content is rich.This paper uses literature research,financial indicators,case analysis and other methods.This paper analyzes the incentive effect of restricted stock in Haitian flavor industry.When evaluating the cumulative effect,the paper studies its financial performance,comparative analysis between enterprises in the same industry and internal staff stability,puts forward its success and shortcomings,and tries to put forward more accurate and effective measures to improve the effect of equity incentive.The theoretical and practical experience of restricted stock incentive of Haitian flavor industry is not only theepitome of similar practice of Listed Companies in China,but also has reference significance for other enterprises.