Research On Equity Incentive Plan Of Yunda Shares And Its Implementation Effect

With the separation of enterprise ownership and operating rights,the problem of entrusting agency occurs frequently.In recent years,China’s market economy has developed rapidly,market competition has been intensifying,high-end talents with rich management experience and professional technology are still the objects of competition for many enterprises,and the flow of personnel is becoming more and more frequent.For enterprises,fixed salary is difficult to maintain the stability of talents,and it is more difficult to attract outstanding talents into the enterprise.In order to reduce the cost of entrusted agency,attract and retain outstanding talents,equity incentives gradually enter people’s vision.Equity incentives are relatively late to introduce our country,and related mechanisms are not mature enough.There are also many shortcomings in the process of actual implementation.As a result,the implementation of many corporate equity incentive plans has not achieved the expected results.After decades of development,the express logistics industry has been extremely large.With the development of the e-commerce industry,the express logistics industry has ushered in another rapid development of a rapid development,but the implementation effect of many enterprises in the industry is not ideal.The implementation plan and implementation effect of representative logistics enterprises’ equity incentives are of great significance for enterprises in the industry to improve the incentive plan and exert the incentive effect.This article selects Yunda as a research object.As an important representative of the rare continuous successful unlocking stocks among express logistics companies,Yunda’s plan setting has certain reference.Based on the collection and summary of relevant literature on equity incentives,this article introduced the main content of its three equity incentive programs and comparative analysis,and then analyzed the implementation effect in combination with financial indicators and some non-financial indicators.In the process,the advantages of its plan summarized the advantages,and at the same time found some shortcomings.Finally,we put forward the optimization suggestions for these shortcomings: strengthen the targeted equity incentive model,appropriately adopt a hybrid incentive mode,realize the diversification of assessment indicators,and improve the incentives reasonably,and provide a certain reference for other companies in the industry to optimize equity incentive programs in the industry.Because the cause of the changes in Yunda’s shares is attributed to the implementation of equity incentives,it cannot exclude the impact of other corporate strategic implementation,and it also has certain limitations.In the future,it is necessary to be rich and improved on the basis of obtaining more information.