伊利股份股权激励实施研究内容摘要随着近些年来我国市场经济的迅速发展，国内上市公司的所有权和经营权进一步分离，因为公司双方掌握的信息不一样，发展的目标也不一致，所以这就产生了委托代理问题，股东们希望经营者们能尽最大努力实现公司的业绩，而经营者只在意自身的个人利益，于是股权激励应运而生。股权激励是一种激励员工的计划方案，促使公司重要的经营者获取公司的股权，使经营者作为股东参与到公司的经营，分担风险，获取利益，与所有者既能分享公司的利益分配，又能分担风险，还能够为公司提供长期、可持续的服务。从股权激励的长远发展来看，其优势显而易见的，因此我国的股权激励制度会发展的很好。本文选取伊利股份作为研究对象，是因为伊利股份实施的前三次股权激励计划的发布时间，恰好与我国股权激励制度发展各个阶段较为同步，具有一定的借鉴性。本文以研究伊利股份股权激励问题为核心，具体分析实施方案，发现存在着其行权条件较低，被激励对象绝大部分为公司管理层，且占比较大等诸多问题。分析原因，发现伊利股份管理层存在着严重的自利行为，加之我国关于股权激励制度相关法律、法规发展不健全以及伊利股份缺乏良好的内外部治理环境。最后，针对伊利公司股权激励制度存在的问题，提出了改进建议。关键词：股权激励伊利股份上市公司ResearchontheImplementationofYiliStockOwnershipIncentiveAbstractIWiththerapiddevelopmentofChina'smarketeconomyinrecentyears,theownershipandmanagementrightsofdomesticlistedcompaniesarefurtherseparated.Becausetheinformationheldbybothsidesofthecompanyisnotthesame,andthedevelopmentgoalsarenotthesame,thereisaprincipal-agentproblem.Shareholdershopethatthemanagerscandotheirbesttoachievethecompany'sperformance,whilethemanagersonlycareabouttheirownpersonalinterests,Soequityincentivecameintobeing.Equityincentiveisakindofplantomotivateemployees,whichmakestheimportantmanagersofthecompanyobtaintheequityofthecompany,sothatthemanagers,asshareholders,participateintheoperationofthecompany,sharetherisksandobtainbenefits.Theycansharethebenefitsandrisksofthecompanywiththeowners,andalsoprovidelong-termandsustainableservicesforthecompany.Fromthelong-termdevelopmentofequityincentive,itsadvantagesareobvious,soChina'sequityincentivesystemwilldevelopwell.ThispaperselectsYilisharesastheresearchobject,becausethereleasetimeofthefirstthreeequityincentiveplansimplementedbyYilisharescoincideswitheachstageofthedevelopmentofChina'sequityincentivesystem,whichhasacertainreferencevalue.ThispaperstudiestheequityincentiveofYilisharesasthecore,analyzestheimplementationplan,andfindsthattherearemanyproblems,suchasthelowexerciseconditions,thevastmajorityoftheincentiveobjectsarethemanagementofthecompany,andtheproportionisrelativelylarge.Byanalyzingthereasons,itisfoundthatthemanagementofYilishareshasseriousself-interestbehavior.Inaddition,therelevantlawsandregulationsonequityincentivesysteminChinaarenotperfect,andYilishareslacksagoodinternalandexternalgovernanceenvironment.Finally,aimingattheproblemsexistinginYilicompany'sequityincentivesystem,thepaperputsforwardsomesuggestionsforimprovement.Keywords：EmployeeEquityIncentive，Yilishares，listedcompany目录一、绪论-5-（一）研究目的及意义-5-（二）文献综述-5-二、股权激励相关理论分析-7-（一）股权激励的概念-7-（二）股权激励的相关理论-7-三、伊利股份股权激励的应用分析-7-（一）我国A股上市公司股权激励的现状-8-（二）伊利股份股权激励案例分析-10-（三）伊利股份前三次股权激励计划比较-11-四、伊利股份股权激励方案存在的问题-12-（一）股权激励行权条件较低且单一-12-（二）被激励对象获授权利分配不均-12-（三）股权激励模式选择单一-13-...
