Study On Stock Option Motivation Mode Of Medium And Small Type Sci-Tech Private Enterprises

Chinese private enterprises were born from market, and grew in competition. They went across a difficult and rough road, and because they developed late, most of them kept being medium or small type enterprises. In recent several years, with the further development of Chinese socialistic market economy, the function and status of private enterprises in Chinese national economy were obtained to be confirmed .In the meantime Chinese government promulgated successively a series of favorable policies used to encourage the private enterprises to develop in high-tech field, especially Chinese Second Security Exchange Market will be opened soon this year, which will infuse these medium and small type private enterprises with fresh energy. All above indicate that Chinese medium and small type enterprises have met their high-speed-development golden age at last after experienced many-year's groping and struggling.However, because Chinese private enterprises always paid more attention to the capital accumulations and ignored the established evolution and innovation of the internal corresponding management mechanism, most of them are still using their original Unitarianism (system of centralization) with family-domination feature, and invest less in human resource, all these result in the lack of manpower with ability, the confusion of internal management and the descent of decision-making quality, which have turned to be the serious bottlenecks restricting Chinese medium and small type private enterprises to get further development and even bringing some of them setback and ruin. So, the reformation of internal management mechanism based on incentive mechanism has become a chief mission faced Chinese medium and small type private enterprises.Being a kind of long-term incentive institution in western developed countries, stock option motivation has experienced nearly thirty-year's exploring, trying, correcting and perfecting, but in China, it starts just now, and it belongs to a new thing. Because there are many obstacles and restrictions from domestic macro-environment, it is doubtless that we should make some improvements and innovations combined with our practical situations on the basis of consulting the foreign schemes in order to make our designed schemes owning feasibility and exerting its strong incentive force instead of citing directly or copying simply the foreign ready-made modes.The phantom stock option (PSO) mode in my thesis was designed just under such cases, and made detailed design and study aimed at a representative technological private enterprise including essential factors, the influence of whole model and so on, therefore, his thesis possesses obvious times feature and practical meaning. On the other hand, the purpose of this text is to make some beneficial attempt in order to help Chinese Medium and Small Type Technological Private Enterprises to making full use of current advantageous occasion to break through the development bottleneck, to root up their inherent chronic disease, to accomplish finally it transition to the modern corporation criterion.