Research On Supor's Equity Incentive Performance Evaluatio

With the perfection of modern enterprise system,the ownership and management of enterprises are gradually separated.As a long-term incentive,equity incentive system is regarded as the most effective means to solve the principal-agent problem.At present,a lot of listed companies in our country use equity incentive as an important means to govern their companies,among which Supor is a leading enterprise in the small household appliances industry,and has implemented the equity incentive system for many times before and after the change of property rights.It can be considered that Supor Company is of representative significance among the enterprises implementing the equity incentive plan.The establishment and reasonable evaluation of its equity incentive performance evaluation system can provide reference and reference value for other enterprises that intend to measure their own equity incentive performance comprehensively and objectively.This paper mainly adopts literature research method and case study method.During the writing process of this paper,I consulted a large number of books and literatures in the research field of equity incentive and balanced scorecard,and understood the research achievements of experts in related fields,which was taken as the theoretical basis of this paper.At the same time,case study method was adopted to take Supor as the research object,and relevant data indicators of the case enterprises were obtained through the tools such as CSMAR,Mega Tide Information and Technology Star.Taking the four periods of equity incentive plan implemented before and after the Supor control change as the background,the Balanced Scorecard(BSC)was used as the evaluation tool to establish the analytic hierarchy model,evaluate the performance of equity incentive implementation objectively and comprehensively,and put forward relevant suggestions for the shortcomings.Through research,this paper evaluates the performance of Supor’s equity incentive: multi-period equity incentive plays a good role in financial aspects,among which the second and third period equity incentive schemes have obvious incentive effects on financial aspects,while the first period equity incentive schemes show a tendency of welfare and interest delivery.From the customer dimension,it was found that the multi-period equity incentive scheme helped Supor company to maintain high-quality customers,but its performance was poor in dealing with the risk impact of the overall economic environment,and the multi-period equity incentive system did not improve.In the aspect of internal process,it is helpful to reduce the agent cost,the inventory management level is improved,but the score fluctuation is increased,and the improvement effect is not stable.Finally,in terms of learning and growth,the multi-term equity incentive significantly improved Supor Company,R&D innovation and employee profit level both improved.The possible innovation of this paper lies in the use of balanced scorecard as a performance evaluation tool for equity incentive,which organically combines financial and non-financial indicators together and comprehensively evaluates the effect of equity incentive plan by treating the company as a whole.