Research Article
Research on the Present Situation of Equity Incentive and Performance Evaluation
@INPROCEEDINGS{10.4108/eai.2-12-2022.2332272, author={Zenghai Wu and Ruige Qi and Mingyan Zhao and Xinke Wu and Yinchuan Zhou}, title={Research on the Present Situation of Equity Incentive and Performance Evaluation}, proceedings={Proceedings of the 3rd International Conference on Big Data Economy and Information Management, BDEIM 2022, December 2-3, 2022, Zhengzhou, China}, publisher={EAI}, proceedings_a={BDEIM}, year={2023}, month={6}, keywords={equity incentive; contract characteristics; financial performance; innovation performance human capital performance}, doi={10.4108/eai.2-12-2022.2332272} }- Zenghai Wu
Ruige Qi
Mingyan Zhao
Xinke Wu
Yinchuan Zhou
Year: 2023
Research on the Present Situation of Equity Incentive and Performance Evaluation
BDEIM
EAI
DOI: 10.4108/eai.2-12-2022.2332272
Abstract
As an important means to solve the principal-agent problem, equity incentive has been paid attention by scholars and enterprise owners. This paper takes the domestic and foreign literatures related to equity incentive research as samples, and finds that the foothold of the current equity incentive research mainly lies in the scheme design and performance evalua-tion. Based on the principal-agent theory, human capital theory, interest convergence hypothesis and trench effect hypothesis, this paper explores how enterprises can reasonably select equity incentive schemes, set reasonable incentive intensity and design appropriate exercise conditions according to their own specific conditions, and how to evaluate equity incentive plans from the perspective of financial performance, innovation performance and human capital performance, so as to provide reference for future equity incentive research.