分拆上市背景下管理层激励与企业价值研究——以药明康德为例

Research on management incentive and enterprise value under the background of spin off listing:take Kant as an example

本文以首只通过分拆上市回归A股的药明康德为例,通过剖析其在分拆上市背景下的数次管理层激励方案,探究了企业在分拆上市过程中实施管理层激励对企业价值的影响及其路径。研究发现,分拆上市既是机遇也是挑战,管理层激励可以促进分拆上市平稳进行,并对企业价值有提升作用。本文丰富了分拆上市背景下管理层激励实施及企业价值创造研究,为其他中概股企业发展提供了参考。

This paper found that spin off is both an opportunity and a challenge. Management incentive can promote the smooth progress of spin off and enhance the enterprise value. This paper enriches the research on the implementation of management incentive and enterprise value creation under the background of spin off listing and provides a reference for the development of other medium share enterprises.