Research On Equity Incentive Performance Of Angel Yeast

The 13th five-year plan clearly states that we should optimize the allocation of talents and improve the talent training mechanism.Equity incentive can adapt to the constantly developing market environment,improve the decision-making ability and core competitiveness of enterprises,and at the same time,it plays an important role in reducing the principal-agent cost of enterprises,attracting and retaining core talents,and improving enterprise performance.It is the cornerstone of sustainable development of enterprises.This paper takes Angel Yeast co.,LTD.(hereinafter referred to as Angel Yeast)as the research object,deeply studies the relationship between equity incentive and enterprise performance,and divides enterprise performance into three aspects: market performance,financial performance and innovation performance.Through the event analysis,the traditional financial indicators analysis,economic value added(EVA)and data envelopment analysis(DEA)make a comprehensive comparative analysis,analysis of equity incentive affect corporate performance,and combining with incentives for enterprises find the equity incentive factors of affect the performance of the specific reasons,thus improving the accuracy of the research conclusion and persuasive.From the perspective of event analysis,after Angel Yeast implemented equity incentive,the market has a positive attitude towards Angel Yeast's plan.It is expected that this private placement can increase the value and shareholder wealth of Angel Yeast.So as to improve the market performance of Angel Yeast.From the traditional financial indicators analysis,Angel Yeast is the most significant increase after the implementation of equity incentive profit and operating ability,through further analysis is personnel incentives in place,the relevant data shows that the equity incentive is mainly based on business and innovation personnel is given priority to,through to the sales strategy adjustment,the training of sales staff ability,greatly enhanced the business classes and class innovation staff's work enthusiasm and creativity.At the same time,the improvement of the operation capacity also affects the improvement of the future development capacity of the enterprise.According to the data of economic value added(EVA),the economic growth value increased after equity incentive was implemented by Angel Yeast.Through further analysis,it can be seen that the increase in sales leads to the increase in Eva of Angel Yeast.In general,the Angel Yeast equity incentive has a positive impact on financial performance.From the point of data envelopment analysis(DEA),Angel Yeast research and development innovation performance has certain promotion,two years after the implementation of equity incentive Angel Yeast achieved a comprehensive technical efficiency,input-output effect obviously shows that since the implementation of equity incentive,patent output and the quantity of results are achieved expected value,improve the innovation performance of Angel Yeast.This paper studies the implementation of equity incentive in Angel Yeast,hoping to provide some references for other high-tech enterprises in analyzing the performance effect of equity incentive and designing equity incentive schemes.