本文選題：公司價值 + 案例分析�。� 參考：《哈爾濱商業(yè)大學》2017年碩士論文

【摘要】：員工持股計劃源起于美國,被證明是一種成功的所有權分布方式。作為一種長期、有效的激勵方法,越來越多的企業(yè)也開始有意對員工持股計劃進行嘗試。員工持股計劃通過使內部員工擁有公司股份,從而提高其在工作的積極性,提升員工對公司的主人翁意識。近幾年,證監(jiān)會及有關部門頒布了在上市公司中進行員工持股計劃試點的相關文件,這使得員工持股計劃在我國獲得了長足的發(fā)展空間。隨著員工持股計劃在我國的應用范圍越來越廣,學者們對該計劃所產(chǎn)生的影響也越來越關心。國外的研究文獻,大多支持員工持股計劃能夠提升公司價值的觀點,部分研究表明,員工持股計劃只能短期提升公司經(jīng)營績效。然而,由于國內外在制度環(huán)境等方面的差異性,我國關于員工持股計劃的研究也產(chǎn)生了一些新的結論。綜合國內的研究情況來看,對員工持股計劃的效果評價褒貶不一,尚未形成一致性結論。為了深入研究員工持股計劃對上市公司的影響以及理清其作用機制,本文對HPR員工持股計劃為進行案例研究,以期在對案例的深入研究過程中實現(xiàn)對員工持股計劃的全方位認知。本文從研究背景角度、實施流程角度、動因角度以及經(jīng)濟后果角度對HPR員工持股計劃進行深入分析。為了實現(xiàn)研究的實踐性與科學性的統(tǒng)一,本文以員工持股的相關理論為基礎,結合國內外已有的研究成果,采用橫向對比分析、案例研究等方法對HPR公司員工持股計劃進行分析。本文以員工持股計劃實施的2014年為界限,對實施前后的財務數(shù)據(jù)進行對比研究,以期得出員工持股計劃對公司多方面的影響效果。本文的研究發(fā)現(xiàn);HPR公司實施員工持股計劃不僅改善了治理結構,而且優(yōu)化了公司的經(jīng)營情況。指出設計合理的員工持股計劃是其正確發(fā)揮作用的前提保障,同時建議在我國上市公司以及國有企業(yè)中積極開展員工持股計劃試點工作。
[Abstract]:ESOP originated in the United States and has proved to be a successful distribution of ownership. As a long-term and effective incentive method, more and more enterprises begin to try the ESOP. ESOP promotes the employee's sense of ownership of the company by making them own shares in the company and enhancing their enthusiasm in the work. In recent years, the CSRC and related departments have issued the relevant documents about the pilot of ESOP in listed companies, which makes the ESOP in our country obtain considerable development space. With the wide application of ESOP in China, scholars are more and more concerned about the impact of ESOP. Most of the researches abroad support the view that ESOP can enhance the value of the company. Some studies show that ESOP can only improve the company's performance in the short term. However, due to the differences in the institutional environment at home and abroad, the research on ESOP in China has also produced some new conclusions. According to the domestic research situation, the effect evaluation of ESOP is mixed, but the consistent conclusion has not been reached. In order to study the impact of ESOP on listed companies and clarify its mechanism, this paper makes a case study of ESOP. The purpose of this paper is to realize the comprehensive cognition of ESOP in the process of case study. From the perspective of research background, implementation process, motivation and economic consequences, this paper makes an in-depth analysis of HPR employee stock ownership plan. In order to realize the unity of practicality and science of the research, this paper, based on the relevant theory of ESOP and combining the existing research results at home and abroad, adopts horizontal comparative analysis. Case study and other methods to analyze the HPR employee stock ownership plan. Taking 2014 as the limit of ESOP implementation, this paper makes a comparative study on the financial data before and after the ESOP implementation, in order to obtain the effect of ESOP on many aspects of the company. In this paper, it is found that the implementation of ESOP not only improves the governance structure, but also optimizes the management situation of HPR Company. It is pointed out that the reasonable design of the ESOP is the precondition to play its role correctly, and it is suggested that the pilot work of ESOP should be carried out actively in the listed companies and state-owned enterprises in China.
【學位授予單位】：哈爾濱商業(yè)大學
【學位級別】：碩士
【學位授予年份】：2017
【分類號】：F272.92;F426.72

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本文編號：1988605