| At present,equity incentive has been more recognized in our country,more and more enterprises begin to implement equity incentive.However,compared with the western developed countries,the implementation of equity incentive in China is limited,and the construction of the relevant legal system is not perfect.At the same time,most enterprises have a limited understanding of the equity incentive,and it is difficult to implement the equity incentive quickly,leading to a reduction in the incentive effect.Since 2012,Sany Heavy Industry Co.,Ltd.(hereinafter referred to as "Sany")had tried to improve the structure of employees’ salary and welfare through the distribution of equity,and officially implemented the equity incentive in 2016.With the help of this implementation means,the company hopes to stimulate the vitality of the enterprise,attract core technical talents to enter the enterprise,and accelerate the transformation of the enterprise from labor-intensive to technology intensive.Therefore,it is of practical significance to study the effect of equity incentive in Sany Heavy Industry.Taking Sany Heavy Industry as the research object,this thesis studies the effect of equity incentive of Sany Heavy Industry by using literature research,event analysis and comparative analysis.First of all,on the implementation of equity incentive motivation,effect and the influence of equity incentive factors,on the basis of expounds the general situation of Sany heavy industry,pulling from stable staff,technical personnel,optimizing the structure of executive compensation,analyzes the reason of Sany equity incentive schemes,summed up the implementation of equity incentive scheme.Secondly,the comparative analysis method is used to evaluate the influence of equity incentive on the company’s business performance from four aspects: profitability,operation ability,development ability and debt paying ability.Then,the thesis evaluates the effect of equity incentive from the perspective of the impact of per capita profit,income,talent structure and innovation output on the management efficiency of Sany Heavy Industry and the impact of short-term stock price change and stock return fluctuation on the management stock price of Sany Heavy Industry.On the whole,equity incentive helps Sany to strengthen the level of internal control and improve innovation ability.Through the equity incentive,the owners of the enterprise share the ownership with the employees,stimulate the labor enthusiasm of the employees,promote the democratic management reform of Sany Heavy Industry,and enhance the core competitiveness of the enterprise.Finally,the further implementation and implementation of the company’s equity incentive optimization suggestions are put forward.The research of this thesis has certain reference value for other listed companies to formulate and implement equity incentive. |
