Research On The Effect Of Equity Incentive With Patent Performance As Exercise Condition On Innovation Performance

Innovation is the core driving force for the sustainable development of enterprises.Especially for high-tech enterprises,the innovation ability of enterprises directly determines the overall value of the enterprise.In order to promote the consistent goals of all employees and work together to improve the company’s innovation capabilities,more and more companies have begun to adopt the model of equity incentives.Through granted executives and core technical employees,with a certain proportion of company equity,the interests of employees and the interests of the company’s interests will be granted.Binding each other,thereby urging executives to work due to duties,and stimulate the enthusiasm and enthusiasm of core technical employees to solve the problem of commissioning agency while achieving the company’s innovation capabilities.However,the use of equity incentives also has certain problems when promoting corporate innovation: If only financial performance indicators are used as the exercise conditions,it may promote the "short-sighted" behavior of the inspiration.And ignore the innovative development of enterprises.Therefore,for high-tech enterprises using equity incentives,reasonable setting of exercise conditions is particularly important.This article is selected as the research target.NAURA is a leading enterprise in the domestic semiconductor industry.It has launched a three-wheeled equity incentive plan.In the semiconductor industry,it is the only enterprise in the semiconductor industry.Essence For this reason,this article selects North Chinese Creation as a research object,and inspires its previous two equity incentives to explore the impact of the equity incentives implemented by NAURA on its innovative performance.This article is based on the following ideas: first sort and integrate the literature in equity incentives,exercise conditions and innovative performance,and analyze related theories.Subsequently,the article statistics and summarization of the development trend of the semiconductor industry and the characteristics of the implementation of equity incentives in the industry and the characteristics of exercise conditions settled.After that,the case analysis was conducted.Taking NAURA as an example,the short-term market response after the two implementation of the equity incentive was portrayed,and then the mechanism of the equity incentive for innovative performance from the perspective of the right to exercise conditions,and in the later text analysis of the dual dimensions of vertical and horizontal directions.Among them,the vertical upward analysis mainly analyzes the changes in innovative performance before and after the implementation of NAURA’s equity incentives,mainly from the three aspects of innovation input,output and innovation results;horizontal is selected.Finally,the research conclusions and related suggestions.Through the above research,the following conclusions are mainly drawn:first,the implementation of equity incentives has a positive impact on the business performance of the enterprise;second,the implementation of equity incentives has a positive impact on the innovative performance of the enterprise;Non-financial indicators to join patent performance are more conducive to directly promoting the improvement of corporate innovation performance.