学校代码：10004 密级：公开北京交通大学
硕士学位论文
软件和信息技术服务业股权激励方案及实施效果研究
——以科大讯飞公司为例
Rearch on equity incentive plan and implementation effect of software and information technology rvice industry:a ca study of iflytek
路边摊小吃作者姓名：庞玉文学号：18125437
导师姓名：李玉菊职称：副教授
苹果怎么更新系统专业学位类别：审计专业硕士学位级别：硕士
奶油吐司北京交通大学
致谢
时光如梭，随着毕业论文接近尾声，在北京交通大学的研究生生涯也即将告一段落。我十分感谢这两年在北交度过的时光，我的每一天都在进步，没有虚度时光。我不再像大学毕业时对未来感到彷徨和迷茫，我学习到了扎实的专业知识，考取了专业相关证书，获得了实践经历，这些都使我更加有信心地面对未来的学习和生活。
感谢我的导师李玉菊老师，在这两年学习生活中，给了我巨大的帮助。不仅在学业上给予我指导，在生活上也时刻关心着我们。李老师永远地那么耐心、负责，从论文的开题、构思、初稿、讨论修改、定稿、答辩，每一步都离不开李老师的启发和帮助，老师牺牲了她的休息时间对我进行论文指导。李老师永远是我心中最可敬可爱的老师，再次向老师表达我衷心的感谢，谢谢您！同时，在毕业论文的写作过程中，也得到了盲审评委和答辩评委们宝贵的意见和建议，对学院老师们的培养和教导也表示由衷的感谢！
感谢教过我的每一位老师，感谢这两年来的淳淳教导，使我在专业上不断进步、受益匪浅。感谢陪着我一起学习成长的同学们，校园里有我们一起在图书馆埋头苦学的身影，有争先恐后冲去食堂吃饭的身影，有一起玩耍嬉闹的身影，感谢你们的陪伴，给了我前进的动力。感谢我的父母，你们是我成长路上最强大的后盾。最后，感谢努力进步的自己。
突如其来的疫情打乱了我们毕业的节奏，让找工作变得愈发困难，也给毕业季带来了些许遗憾，但一切都会好起来！即将奔赴新的人生旅途，我会继续努力进取。直挂云帆，乘风破浪！
字谜大全中文摘要
近年来，随着国家政策的深入推行和贯彻，5G、大数据、人工智能、云计算等新一代信息技术将逐步渗透到国民经济和生活的各个领域中。在国家政策大力扶持之下，我国软件和信息技术服务业发展态势良好，行业规模进一步扩大，产业发展进入了融合创新的关键窗口期，行业内公司对技术型人才的需求十分迫切。如何吸引并挽留人才成为企业战略发展需要考虑的重要因素之一。
在现代企业制度不断完善的今天，股权激励已经成为一种重要的长期激励方式。2016年股权激励新规推行之后，上市公司实施股权激励的热情髙涨，但并不是所有企业都取得了好的效果。股权激励实施效果受制于很多具体因素，进而体现出明显的复杂性特征，企业在运用时不能生搬硬套。
奥巴马任期
本文主要研究了软件和信息技术服务业的上市公司，研究方法为案例研究法。首先分析了行业内所有上市公司股权激励整体特征以及方案设计现状。选取较典型的科大讯飞作为案例公司，科大讯飞共实施了三期股权激励计划，且第二期以失败告终，前后具有一定对比性。本文从行业背景、公司治理、公司特征三大方面分析内外部影响因素，探寻股权激励方案契约要素设置的合理性。对实施效果的研究上，在横向上，用熵值法构建综合评价指标，采用功效系数法将科大讯飞与同行业未实施股权激励的公司财务业绩进行对比，尽量排除其他因素对绩效研究的干扰。纵向上，从经营绩效、研发创新以及人才挽留这三个方面分析科大讯飞股权激励的实施效果。
通过研究发现，软件和信息技术服务业股权激励覆盖率更高，推出次数更多，是由于对核心人才的高度依赖，实施股权激励动机更强烈。对于科大讯飞，第一期股权激励对业绩的提升效果最显著；第二期由于行权期均未达标，经营业绩反而出现下滑情况；第三期对业绩有提升，但效果不显著。另外，科大讯飞的股权激励实施效果，在业绩考核期的前两年对财务指标改善效果比较明显，但长期效果难以维持。股权激励实施效果差异如此大的原因是由于三期股权激励契约要素的设计上有所不同，而业绩考核指标的设置不当，是导致股权激励实施效果不佳的最主要影响因素。股权激励方案的制定不应脱离行业背景和公司发展战略，综合考虑企业自身情况，选择合适的时机推出才能有好的实施效果。
本文通过“影响因素-契约要素-实施效果”的研究路径，提出案例公司股权激励方案设计存在问题和解决方法，希望能够对软件和信息技术行业内企业实施股权激励时起到一定借鉴作用，制定出更加科学合理的股权激励计划。
关键词：股权激励；方案设计；实施效果
ABSTRACT
In recent years, with the in-depth implementation and implementation of national policies, 5G, big data, artificial intelligence, cloud computing and other new generation of information technologies will gradually infiltrate into the national economy and various areas of life. With the strong support of nati
onal policies, China's software and information technology rvice industry has a good development trend, the industry scale has been further expanded, and the industry development has entered the critical window period of integration and innovation, so the companies in the industry have an urgent need for technical talents. How to attract and retain talent becomes one of the important factors to be considered in the development of enterpri strategy.
Today, with the continuous improvement of modern enterpri system, equity incentive has become an important long-term incentive method. After the implementation of the new equity incentive regulation in 2016, the enthusiasm of listed companies to implement equity incentive incread, but not all of them achieved good results. The implementation effect of equity incentive is subject to many specific factors, which reflects the obvious complexity characteristics, and enterpris cannot copy mechanically when using it.
This paper mainly studies the listed companies of software and information technology rvice industry, and the rearch method is ca study. Firstly, the paper analyzes the overall characteristics of equity incentive and the current situation of scheme design of all listed companies in the industry. Iflytek co., LTD., a typical iflytek co., ltd. was lected as the ca company. Iflytek co., ltd. implemented three phas of the equity incentive plan, and the cond pha ended in failur
e. This paper analyzes the internal and external influencing factors from the three aspects of industry background, corporate governance and corporate characteristics, and explores the rationality of the element tting of equity incentive scheme contract. In terms of the study of implementation effect, the entropy method is ud to construct the comprehensive evaluation index, and the efficacy coefficient method is ud to compare the financial performance of iflytek with that of other companies in the same industry that have not implemented equity incentive, so as to exclude the interference of other factors to the performance study. Vertically, the implementation effect of iflytek's equity incentive is analyzed from three aspects: business performance, r&d innovation and talent retention.
做家务用英语怎么说Through the rearch, it is found that the higher coverage and more times of equity incentive in software and information technology rvice industry are due to the high dependence on core talents and the stronger incentive to implement equity incentive. For iflytek, the first pha of equity incentive has the most significant effect on performance improvement; In the cond pha, the operating performance declined becau the exerci period was not up to the standard; The third pha has improved the performance, but the effect is not significant. In addition, the equity incentive effect of iflytek in the first two years of the performance appraisal period has a significant ef
fect on the improvement of financial indicators, but the long-term effect is difficult to maintain. The reason why the implementation effect of equity incentive is so different is that there are some differences in the design of the elements of the equity incentive contract in the three stages, and the improper tting of performance asssment indicators is the most important factor that leads to the poor implementation effect of equity incentive. The formulation of equity incentive plan should not be parated from the industry background and the company's development strategy, comprehensive consideration of the enterpri's own situation, to choo the right time to launch a good implementation effect.
Bad on the rearch path of "influencing factors - contract elements - implementation effect", this paper propos the existing problems and solutions in the design of the equity incentive scheme of the ca company, hoping to provide some reference for enterpris in the software and information technology industry in the implementation of equity incentive, and formulate a more scientific and reasonable equity incentive plan.
入党申请思想汇报>不啻是什么意思KEYWORDS：Equity incentive; Scheme design; effect
