Option Plan And Property Right Structure Of Chinese State-Owned Enterprise Diversification

After state-owned enterprise has established corporate governance, how to accelerate property right structure of Chinese state-owned enterprise diversifying, option plan is an effective means. This paper mainly studies the theoretic and applications. Put forward one encourage system named "Robbing stock encourage system" which strengthens relation between the earning of encouragers' object and profit of company. And make them strive to fulfill maximum of enterprise' s value.This paper designs a stock option plan for no listed companies. Stock option plans solve effetely principal-agency problems of Chinese state-owned enterprise and stimulate the managers and lower the cost of agency. This paper from that angle reviewed the theory and significance of stock option plans that based allotting theory in economics and incentive theory in human resource. And then analysis property right structure of Chinese state-owned enterprise of today and the problems in property right reform. Next we have discussed the development of stock option plans and several models of Chinese stock option. At last we analyze the defects and the problems in China practice. In the end author designs a stock option plan for no listed companies and put into use in enterprise.