Research On The Executive Stock Option Incentive Mechanism

For a long time, the salary of enterprise's operator of our country is independent from the achievements of enterprises, and aggravate the" principle-agent " contradiction, cause enterprise's development to lack inherent motive force finally. Foreign practice prove executive stock option incentive mechanism may solve this problem effectively, make benefit and the shareholder's long-term benefit of operator keep unanimity, thus avoided the operator's " acts and efforts for expediency " and " morals risk ". So set up perfect stock option incentive mechanism has become of our country enterprise salary system important direction of reform. On the basis of the thing that carry on research to practice of implementing the incentive mechanism of the stock option thesis both at home and abroad, combine concrete national conditions of our country, to implement executive stock option a series of issue of incentive mechanism go on research of designing in our country. The thesis carries on the summary to executive stock option incentive mechanism at first, explain concept, encouragement function of the stock option and its theoretical foundation of the stock option; Then, analyses our country implement obstacle that stock option face, summarize the enlightenment of this system both at home and abroad. Analyses the internal and external foundation of the stock option and design principle finally, and carried on the design research of executive stock option incentive mechanism especially.