小米科技公司股权激励效果研究.docxVIP

第 PAGE19 页 共21页 摘要 人才是使现代企业具有竞争力的重要因素，股权激励属于一种长期激励机制，它最核心的作用在于吸引和稳定人才，所以制定出符合公司情况的、科学的、完善的股权激励计划对企业自身起着极其重要的现实意义。 文章通过学习委托代理理论、人力资本理论和双因素理论，综合运用文献研究、案例分析定量评价和定性评价等方法，将小米科技公司作为研究主体来检验其实施股权激励的效果。研究分析股权激励适用于公司各个阶段。小米公司股权激励方案的激励模式选择合理，激励计划有效期设置合理，不足之处在于业绩考核指标不够完善。另外任何方案的实施都需要有良好的环境保障和制度保障，因此实施股权激励方案时，还需要建立相配套的制度体系。只有通过不断完善业绩考核指标体系优化企业内部治理结构才能充分发挥股权激励的有效性。 关键词：股权激励；有效性；高新技术企业 Abstract Talent is an significant factor to make establishment competitive, equity incentive is a long-term incentive mechanismits, Its core role is to attract and stabilize talent,so the formulation of their own characteristics, scientific, perfect equity incentive program for the enterprise itself has a very important practical significance. By studying the principal-agent theory, human capital theory and two-factor theory, use the method of literature research ,case analysis,quantitative evaluation and qualitative evaluation.Using Xiaomi Technology Company as the main research subject to test the effect of its implementation of equity incentives. However, the results show that this is not the case, and equity incentives play an important role at all stages of the company. Equity incentives play an important role at all stages of the company.Reasonable establishment of the validity period of the incentive plan, and the disadvantage is that the performance appraisal index is not perfect. In addition, the implementation of any program needs to have good environmental protection and system protection, so the implementation of equity incentive program, also need to establish a matching system. Only by constantly improving the performance appraisal index system to optimize the internal governance structure of enterprises can we give full play to the effectiveness of equity incentives. Key words: Equity incentives; Effectiveness;High and new tech enterprises 1绪论 1．1研究背景 两权分离理论属于现代公司制度的一个重要假设，它使企业较大地提升了经营效率和专业性，但是由于所有者即委托人与经营者即被委托者的利益目标无法完全达成一致，经营者的决策很有可能会背离股东利益，大量的代理成本由此而生，委托代理所衍生的问题也显现出来。为了降低代理成本，股权激励制