Research On The Implementation Effect Of Equity Incentives On The Science And Technology Innovation Board

In an enterprise,due to the conflict of interests of all parties,especially the conflict between owners and managers,the operation of listed companies faces enormous challenges,the most serious of which is the principal-agent problem.With the rapid development of the economy,the equity incentive plan has become an effective management method.However,due to the relatively short implementation time of equity incentives in my country and relatively insufficient implementation experience,domestic academic circles are trying to find a system that can better meet the needs of listed companies in my country and better reflect the development status of companies.Effective equity incentive scheme.As an emerging sector with important innovative significance,the Science and Technology Innovation Board has many loose equity incentive mechanisms,providing a good development space for many technology-intensive companies.Through in-depth analysis of the Science and Technology Innovation Board and its equity incentive policies,we can better guide and support the development of related companies,thereby promoting their long-term and stable growth.Montage Technology Co.,Ltd.(hereinafter referred to as "Montage Technology",the "Company")is considered a model in the integrated circuit industry,and is also the third high-tech company on the Science and Technology Innovation Board to launch an equity incentive plan.It has a lot of creativity and is worthy of careful study and discussion.This paper adopts the case study method,takes the implementation effect of equity incentives of listed companies on the Science and Technology Innovation Board as the research theme,and takes Montage Technology as the case study object to carry out the exploration and research of this paper.In the article,through the method of descriptive statistics,the concept,typical characteristics,characteristics of equity incentive policies and current application of science and technology innovation board are discussed in depth.Then combined with the case,discuss the reasons for the introduction of Montage Technology’s equity incentives,program design and implementation results,and conduct an in-depth analysis of its influencing factors.Through these contents,readers are provided with a new perspective to understand the practice of equity incentives of enterprises on the Science and Technology Innovation Board.Through an in-depth study of the Montage Technology equity incentive case,we can better understand the goals and motivations of the program,and more accurately identify its advantages.In addition,by analyzing factors such as incentive models,beneficiaries,grant prices,and performance appraisals,it is possible to better evaluate whether the program has achieved the final goal set and whether it has good results.Finally,through the analysis of the conclusions,specific suggestions are given to provide reference and guidance for other companies’ related policies,reflecting a certain application value.After in-depth research,it is found that equity incentives are an effective management method for companies listed on the Science and Technology Innovation Board.First,it aims to alleviate the principal-agent problem,fill gaps in compensation contracts,and maintain and attract professional talent.Second,when these companies take advantage of the new system,they will give priority to the use of the second type of restricted stock,which can better meet the needs of employees.Taking companies such as Montage Technology as an example,they have almost implemented incentives for all employees,and at the same time adopted an independent pricing model,and have also changed the setting of assessment indicators.This paper takes the reform of the science and technology innovation board system as the starting point,and through in-depth analysis of specific cases,reveals the uniqueness of the equity incentives of the science and technology innovation board,and conducts a comprehensive evaluation of its overall situation,so as to help companies better understand the equity incentive system.Change trends,so as to better decide whether to take measures,and how to design the best equity incentive plan,so as to maximize the effect of equity incentives.