Comparative Study On Three Equity Incentive Schemes And Implementation Effects Of Zhongheng Electric

Equity incentives have been applied in Chinese enterprises for nearly 30 years.The scope of incentives has also expanded from executives to ordinary employees,and the incentive models have become more diversified.More and more high-tech enterprises use equity incentives to attract and retain equity incentives.important means of talent.However,factors such as industry policies in different periods and the operating conditions of enterprises at different stages will affect the implementation effect of equity incentives.When choosing an equity incentive model,enterprises should not just copy them,but should fully formulate incentive plans based on their own conditions.However,the current research focuses more on the empirical research on the relationship between equity incentives and financial performance,and cannot reflect the relationship between equity incentives and the operating conditions of enterprises at different development stages.Therefore,this paper selects Zhongheng Electric,which has implemented equity incentives for many times,and summarizes the implementation experience of equity incentives by comparing its plan settings and incentive effects in different periods.value reference.After sorting out the relevant literature and related theories at home and abroad,this paper adopts the method of combining case studies and comparative analysis,combined with the different development stages of Zhongheng Electric to analyze the different motivations of the three equity incentives,and analyzes each stage according to different implementation motivations.The design elements of incentive programs are different.After clarifying the background,motivation and differences of the plan settings in each phase,the implementation effect of the three equity incentives is compared from the three levels of enterprise personnel,financial effect and innovation.Finally,it is found that under different incentive models and different development stages of Zhongheng Electric,the effect of incentives is also different,and the implementation of the second equity incentive is the best.But each time it failed to improve the long-term performance of the company.Therefore,in the implementation of multiple equity incentive plans,enterprises should adjust the incentive plans in a timely manner according to the company’s strategic planning and operating results.