Research On The Motivational Effect Of Stock Options

Firstly, the paper expounds the basic theories: agent cost theory and human capital ownership theory. The main content is the study of the motivational effect of stock options, so the paper is a deep research on the operation time, the beneficiary, the magnitude of stock options and the operation styles. This paper puts forward suggestions and guide principles to the beneficiaries of stock options on the basis of analyzing American practice; the magnitude of stock options is the key and the difficult issue, this paper gives a quantitative analysis and presents a human capital stock options quantitative model with the help of the interpretative structural modeling, this is the main innovation of the paper; at the same time, it offers how to get the biggest motivational effect using the optimum construction of exercise price and magnitude; lastly, it examines the three stock option plans which have a value to our enterprises exercising stock options.It also discusses the risk about the stock options motivational effect and the paper offers a set of methods to solve the problems. At last, to make the stock options operate in a healthy way, the paper gives some suggestions on building a better macro-environment. In all, the paper reflects a systematic and deep study in making an optimum motivational effect, which has real meaning to operating sock options successfully for our enterprises.