A Case Study On The Implementation Of Equity Incentive In Lexin Technology,a Listed Company On Science And Technology Innovation Board

Equity incentive,as a long-term incentive means,has been widely used in foreign listed companies since the 1950s.Compared with the western developed countries,the research of equity incentive in China started late and developed relatively slowly.With the continuous introduction of policies related to equity incentive in China,domestic scholars have gradually enriched their research on equity incentive.The science and technology innovation board officially opened in China in July 2019,less than two years after it opened so far.As one of the first batch of new-generation information technology enterprises listed on the science and innovation board,Lexin Technology is the first listed company to implement the equity incentive plan on the science and innovation board.Since its implementation,its equity incentive plan has been widely discussed among the listed companies on the science and innovation board.The research on the breakthrough in the formulation of the equity incentive plan,the implementation effect of the equity incentive plan and the existing problems in the implementation process will be of certain reference and significance to the implementation of the equity incentive of other enterprises listed on the science and technology innovation board in China.Based on the relevant theoretical research on equity incentive,this paper starts from the relevant policies of the equity incentive plan of the science and innovation board,combined with the analysis of the listing conditions of the science and innovation board and the characteristics of the company,and leads out the necessity of the research on the equity incentive plan of the science and innovation board.By referring to the relevant policies of equity incentive plans of listed companies on other boards,the "breakthrough" adjustment of equity incentive policies on the science and technology innovation board was compared.On this basis,specific cases are introduced in the fourth chapter of the paper,and Lexin Technology,the first company to implement the equity incentive plan on the science and technology innovation board,is taken as the focus of this study.Through sorting out the draft of the three equity incentive plans issued by Lexin Technology,this paper analyzes whether the multiple "breakthrough" attempts made by Lexin Technology in the first equity incentive plan are effective,and whether the adjustment made by the last two equity incentive plans is reasonable.In the fifth chapter of thesis USES financial indicators and non-financial indicators,from the Angle of vertical and horizontal two Le Xin technology is analyzed,the implementation of equity incentive effect to explore Le Xin whether the implementation of equity incentive plan of science and technology can really play a positive effect on the development of the company,at the same time,analyze the possible problems in the implementation process.At the end of the paper,the conclusions obtained in the process of research and analysis are summarized,and specific suggestions are given for the problems existing in the implementation process.