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我国电子制造企业股权激励模式选择与动因探究

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近年来,股权激励发展势头强劲.制造业是实施股权激励的主要力量,其中,电子制造业中实施股权激励的企业较多.本文以我国电子制造企业股权激励模式选择与动因为研究主线,研究发现第一类限制性股票、第二类限制性股票以及股票期权是近年来企业常用的股权激励模式,"第一类限制性股票+股票期权"是企业实施复合型股权激励的主要选择.选择不同股权激励模式的动因存在差异:第一类限制性股票对激励对象锁定效应强,更利于企业创新;第二类限制性股票激励效应强、会计操作简便;股票期权激励成本低、安全性更高;"第一类限制性股票+股票期权"结合福利型和激励型激励机制优势,有效针对主要激励对象,以期更好留住人才、调动员工积极性.
Selection and Motivation of Equity Incentive Models in China's Electronic Manufacturing Enterprises
In recent years,equity incentive has developed strongly.Manufacturing industry is the main force for the implementation of equity incentives,among which,there are more companies implementing equity incentives in the electronics manufacturing industry.This article focuses on the selection and motivation of equity incentive models for electronic manufacturing enterprises in China,finds that the first class of restricted stock,the second class of restricted stock and stock options are commonly used by enterprises in recent years,"the first class of restricted stock and stock options"is the main choice of enterprises to implement the composite type of incentive equity.There are differences in the motivation for choosing different equity incentive modes:Class I restricted stock has a strong lock-in effect on incentive recipients,which is more conducive to corporate innovation;Class II restricted stock has a strong incentive effect and is easy to operate in accounting;stock options have low incentive costs and higher security;"Class I restricted stock and stock options"combines the advantages of welfare and incentive incentives,and effectively targets the main incentives.Class I restricted stock and stock option combines the advantages of benefit-based and incentive-based incentive mechanisms,effectively targeting the main incentive targets,with a view to better retaining talents and mobi-lizing employees'motivation.

Equity IncentiveElectronic Manufacturing EnterprisesEquity Incentive ModelSelection Motivation

李瑞玲、常媛

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江西理工大学 赣州 341000

股权激励 电子制造企业 股权激励模式 选择动因

江西省研究生创新专项

YC2023-S663

2024

中国证券期货
北京喀斯特经济评介中心 北京亚布力企业发展策划有限公司

中国证券期货

ISSN:1008-0651
年,卷(期):2024.(2)
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