發布時間：2021-02-26 發布人：山東股章瀏覽次數：757次 來源：www.newadnetwork.com
For the founder of a business, equity represents his right to own the company. When the founder is short of funds and resources, he can use the equity to get something with real value and realize the continuous growth of the company's value.
As a result, this process becomes a transaction of exchanging equity for capital, resources and contacts. In this way, equity can also be called "commodity". The essence of commodity is value. Commodity is used to exchange for what it needs. Therefore, the value of equity is not just money, for the founder of the enterprise, the value of equity should be to exchange other things with real value, to meet their own needs, at the same time, to obtain more benefits, in order to game.
Equity incentive is a long-term incentive mechanism for enterprises to motivate and retain core talents. Equity incentive, also known as an exchange of equity for human capital
We can understand that equity incentive is a way to use equity, but in fact there are many modes of equity incentive. Different modes of equity incentive have different effects. Next, this paper introduces the advantages and disadvantages of several commonly used equity incentive modes.
Equity incentive mode: advantages and disadvantages of virtual stock
Virtual stock refers to a kind of virtual stock granted by the company to the incentive object. The incentive object can enjoy the dividend right and the appreciation income of the stock price, but it has no ownership, voting right, and can not be transferred or sold. It will automatically become invalid when leaving the enterprise.
Advantages: the issuance of virtual stock will not affect the total capital and ownership structure of the company, without the approval of CSRC, only need the approval of the general meeting of shareholders.
Disadvantages: the company's cash pressure is large, and it is difficult to determine the exercise and selling price of virtual stock.
Second, equity incentive mode: the advantages and disadvantages of ESOP
Employee stock ownership plan is a kind of equity incentive mode in which the company's internal employees subscribe for part of the company's shares and entrust the company to carry out centralized management.
Advantages: can enhance the cohesion and competitiveness of the enterprise, can mobilize the enthusiasm of employees.
Disadvantages: employees may have to pay cash or take on loans. Welfare is strong, incentive is poor. Averaging reduces employee motivation.
Three equity incentive mode: performance stock
Performance stock is also a kind of equity incentive mode. The company determines a more reasonable performance index. If the incentive object reaches the predetermined target within the predetermined time limit, the company grants the agreed number of shares or proposes the agreed reward to purchase the company's shares.
Advantages: performance stock can make the work performance of the incentive object closely linked with the incentive. For the company, the incentive object has a clear performance target constraints, power, responsibility and interest symmetry, can form a win-win situation.
Disadvantages: not suitable for start-up enterprises, mainly for enterprises with stable performance and continuous growth and abundant cash flow. It is difficult to guarantee the scientificity of the performance target, and the incentive object to sell stocks is limited.