Study On The Application Of Stock Option In High-tech Enterprise

Human capital is the most valuable resource in the economic resources of high-tech enterprise. How to establish valid motivation system to attract and develop the human capital to the largest extent is an important problem that high-tech enterprise must consider.As a valid long-term motivation system, stock option is widely used in high-tech. Through profit distribution style such as stock option, enterprises strengthen consciousness of team of high-tech talents, fully arouse their work enthusiasm, and realize the joint development of individual and enterprise by the tie of property rights relationship.Regarding high-tech enterprise as the research objective, the thesis studies the application of stock option in high- tech enterprise of our country. Firstly, the thesis starts with theoretical basis, points out that stock option can meet the requests of high-tech talents to admit their human capital property right, and is one of system innovations solves client-agent problem and can effectively promote technology innovation of high-tech enterprise. Secondly, the thesis analyzes the conditions of high-tech enterprises to apply stock option, points out that the high growth of high-tech enterprise and specific characteristics of high-tech talent motivation are favorable conditions of high-tech enterprises to apply stock option. But the abnormal capital market undeveloped talent market imperfection relative laws and rules and unconsummated enterprise administration structure are unfavorable conditions of high-tech enterprises to apply stock option. Then the thesis promotes corresponding improvement measures after specifically expounding their unfavorable influences to stock option utilization. Lastly, in the restrictions of current conditions, the thesis designs high-tech enterprise stock option plan combined with enterprise characteristics.