Research On The Impact Of Equity Incentives On Enterprise Transformation And Upgrading

Under the new historical opportunity,promote the transformation and upgrading of manufacturing industry is an important topic of the national economic development.Li keqiang first mentioned the concept of "smart +" in the government work report of 2019.The ministry also stressed the key work of intelligent manufacturing as a main direction in 2020.Under the vision of transformation from "Made in China" to "Intelligent Made in China",striving to achieve transformation and upgrading is the inevitable development direction of manufacturing enterprises,and transformation and upgrading driven by the digital economy,from low cost advantage to innovation advantage is the core task of manufacturing enterprises at present.This paper adopts the case study method and takes Huichuan Technology,a leading enterprise in the industrial control industry,as an example to study the internal relationship between equity incentive and enterprise transformation and upgrading.First of all,the research framework of this paper is constructed by combing relevant literature and theoretical analysis of equity incentive and transformation and upgrading.Secondly,the case study design,case data collection,collation and analysis are further carried out according to the research framework.Finally,through the analysis of Huichuan technology to find out the internal transfer path of equity incentive to help the transformation and upgrading of enterprises,in order to provide some enlightenment for the transformation and upgrading of other manufacturing enterprises.Through the analysis of the case data of Huichuan Technology,the following research conclusions are drawn :(1)Equity incentive can help the transformation and upgrading of enterprises,and equity incentive matching with the enterprise strategy can play a more helpful role.(2)The path of equity incentive for enterprise transformation and upgrading can be transmitted through credit financing and innovation-driven,and the sound corporate governance will send a positive signal to the credit market to improve the financing ability of enterprises;Equity incentive can greatly stimulate the research and development initiative of core technical personnel,promote the technological progress and product upgrading of enterprises,so as to help enterprises transform and upgrade,and step up to a new level of intelligent manufacturing.At the same time,it provides some inspiration for the transformation and upgrading of other enterprises.Only by making plans in accordance with the enterprise strategy,flexibly implementing equity incentive,attaching importance to independent innovation and combining with their own resource endowments,can they better play an efficient synergistically role to facilitate the transformation and upgrading of enterprises.