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1、畢業(yè)論文論文題目上市公司股權激勵案例研究——以青島海爾為例專業(yè)名稱財務管理班級名稱學生姓名學生學號指導教師摘要股權激勵是一種以股權作為獎勵分配給管理者的公司權力均衡的協(xié)調方式。企業(yè)存在所有權與經營權的矛盾,股權激勵使得股東與經理人存在的委托代理關系問題得到解決。目標的趨同化是使得經理人更加注重股東利益,改變了經理人的短期經營行為,變?yōu)殚L期的利益追求。常見的委托代理問題從根本得到緩解,使得經理人留有足夠的想象空間。青島海爾成功的實施了三次股權激勵,其中有許多經驗值得其他企業(yè)學習。III本文首先介紹研究背景、意義,隨后引出研究現狀及基本的理論;進而介紹企業(yè)情況和三次股權激
2、勵實施草案及限制公告,并分析其實施股權激勵后的變化情況,具體分析其盈利能力和償債能力的變化情況,從而提出青島海爾實施股權激勵政策中存在的問題以及解決問題的方法、建議。關鍵詞:股權激勵;實施效果;對策建議ABSTRACTIIIEquityincentive,thatis,bywayofequitygrantstothecompany'smanagerstobettermanagecorporateaffairs.Modernenterprisesystemistopursuebenefitmaximizationthegoalisnotdetrimentaltothec
3、ompany'slong-termsustainabledevelopment.Inordertopromotethesustainabledevelopmentoftheenterprise,thegenerationofequityincentiveformanagersinimprovingtheinterestsofthecompanyatthesametimealsocanimprovetheirowninterests,notonlytopreventtheshort-termsalesbehaviorofcompanymanagers,short-ter
4、mcreditbehavior,short-terminvestmentbehavior,etc.Qingdaohaierasafamousbrandofhomeapplianceindustryinourcountry,isalsooneofthecompaniesthatimplementequityincentivepolicyatthesametime,throughtheimplementationofequityincentivecases,theanalysisoftheeffect,cantothehomeapplianceindustryinourc
5、ountryorthelistedcompanytoprovideareferenceofexperience.Thispaperfirstsummarizestheresearchbackgroundandsignificanceofequityincentive,thenintroducetheresearchstatusquoofequityincentiveandtherelatedliteratures,namelytheprincipal-agenttheoryandtwo-factortheory.Threetimesandthenintroduceth
6、ebasicsituationofQingdaohaierandtheimplementationofequityincentiveofthedraft,andonthisbasis,specificanalysisofthechangesoftheprofitabilityandsolvency,thusputforwardQingdaohaierproblemsthatexistintheimplementationofequityincentivepolicy,andputforwardthecorrespondingimprovementstoexisting
7、problems.Keywords:Stockownershipincentive;Implementationeffect;CountermeasureandsuggestionIII目錄摘要……………………………………………………………………………IABSTRACT………………………………………………………………………II引言…………………………………………………………………………………01(一)研究的背景及意義…………………………………………………………011.研究背景…………………………………………………………………………012.國內外研究現