Research On The Optimization Of Equity Incentive Plan Of Weixing Based On EVA

With the emergence of the separation of two rights in enterprises,equity incentive has gradually attracted the attention of Chinese enterprises.By granting a certain number of shares to managers,they can also change their status as shareholders of enterprises,so as to better manage enterprises.China's traditional single equity incentive usually USES traditional financial assessment indicators such as net profit and operating income as the unlocking condition,which makes managers make some decisions to sacrifice some long-term interests in order to achieve the unlocking condition.Managers can use these objective conditions to meet the incentive requirements.Therefore,it becomes a key to design equity incentive plans for enterprises that can truly reflect the efforts of managers.This article will wei star shares two current equity incentive scheme as the research object,using comparative analysis,in 2013 and 2016 two scheme of the overall design and implementation of before and after effect is analyzed,and concluded that wei star shares in two in the process of the design and implementation of equity incentive plan,granting the selection of objects,unlock the condition and the awarded price sure there are some shortcomings.Therefore,weixing stock is in urgent need of a set of scientific equity incentive plan to evaluate the incentive objects more objectively and effectively,so as to achieve better development of the enterprise.EVA can more truly reflect the operating conditions of enterprises and the efforts of managers,and it will adjust the equity cost,research and development expenses,related impairment and other items of enterprises.The capital and expenses are adjusted to obtain the EVA value of the company,so as to eliminate the accounting difference and reflect the business performance of the company as truly as possible.In addition,the excess EVA growth rate and stock price index were introduced to work out the floating grant quantity and price,which more fully reflected the pursuit of manufacturing enterprises to maximize EVA and created the real interests of shareholders.To help enterprises enhance their core competitiveness,and to provide Suggestions for the selection of equity incentive mode and the construction of equity incentive plan for weisheng and similar enterprises.