Research On The Implementation Effect Of SF Holding Equity Incentive

With the acceleration of economic and social development,the traditional salary performance model has far failed to meet the needs of the interests of high-end management personnel in the workplace,and these talents who master the core technology play a decisive role in the development of enterprises.Therefore,many listed companies have chosen to implement equity incentive,which can bind the interests of shareholders and managers by granting them shares and attaching some exercise conditions,so as to attract and retain talents.In recent years,with the operation of a series of equity incentive management measures for listed companies,the equity incentive system has become increasingly perfect.In order to adapt to the reform of the corporate system and the needs of economic and social development,equity incentive has become the first choice for many listed companies to retain high-quality human capital,further improve the corporate governance structure,enhance business performance and enrich the remuneration system.According to the data,426 equity incentive plans were disclosed by A-share listed companies in the first half of 2021.As of June 30 of the same year,a total of 2,045 A-share listed companies had implemented equity incentives,accounting for 46.75% of the total number of A-share listed companies on the statistical date.Such a large-scale implementation ratio shows the competition for talents among major companies.However,behind the data growth,we should also clearly realize that the equity incentive system in our country is lagging behind and imperfect compared with that in foreign countries.In order to better attract and retain technical and management personnel and enhance the comprehensive competitiveness of the enterprise,the enterprise should formulate the equity incentive plan in combination with the industry characteristics and its own situation.This thesis selects Shunfeng Holding Company,the largest comprehensive logistics service provider in China and the leading enterprise in the express delivery industry,as the research object,and based on the four theories,uses financial index method and non-financial index analysis method to sort out various financial and non-financial data of Shunfeng from 2016 to 2020.This thesis discusses how much impact the implementation of equity incentive has on the company’s financial performance,senior management’s investment behavior,market reaction and innovation ability.The results show that after implementing the equity incentive scheme,SF Holdings is restricted by the exercise conditions,the company’s human capital and innovation ability are enhanced,and the over-investment phenomenon is alleviated,which plays a positive role in this respect.However,its negative effect is still worthy of attention and has not played a significant positive role in improving the profitability,solvency and operating ability of the Company.According to the analysis results,the thesis points out the shortcomings of the equity incentive scheme of SF Holdings,and puts forward corresponding optimization suggestions for its existing problems.It helps SF Holdings to improve its equity incentive scheme and also provides some valuable suggestions for other companies in the same industry to implement equity incentive.