A Study On Carrying On The Stock Option Incentive Mechanism In High-tech. Enterprises Of China

Since the innovation and open of China, it's necessary that set up modernellterprise system. As the symbol of modem ellterprise, high-tech enierprises becomenew key dot of economy growth. Because high-tech efiterprises have the characters ofhigh risk, much investment on teclmology and localization on source of caPital, itsbehave difference to traditional enterprises on property right structure. How to fOundperfect property right stfuCture and efficient inspirit-restrict mechanism becomes a keysolution on developmeni of high-tech enterprises. The benefit of proprietor can keepconsisteflt with that of operator by Stock Option. It is powerfiJl guarantee of fOundsymbol of modern enterprise.Firstly, the paper introduces the conception, development and status of high-techentefPrises, and ana1yzes the status of property right and particularity of distributesystem. After pointing out that actualize Stock Option bestir is the efficient approachthat adjust property right structure and establish project of profit distribute in high-techenterprises. Then the author explains the principle of Stock Option bestir and testifiesthe feasibility of actualize Stock Option in high-tech enterprise. According Americanrelevant experience and Chinese conditions, the auhor establishes framework andprice model of Stock Option. Besides, this paper intensively analyzes different factorsof hindering Stock Option and then correspondingly put forward countermeasures.