Equity incentive is a method to resolve the principal-agencyrelationship between shareholders and entrepreneurs. As a kind of ownership incentive , performance-based stock is widely applied through the Chinese listed companies . In terms of contract theory based on assets right theory, the nature of ownership incentive is to make the agents share the residual claims with shareholders , thereby the residual claims are matched to the residual rights of control . The best incentive effects is achieved.In the performance-based stock incentive mechanism , the residual claims is assigned to the incentive object by the incentive subject , basing on the performance.This is a normative study and carried out on the financial and accounting points basing on the assets rights theory and the principal-agency theory.The studying analyzes the current situation of performance-based stock incentive mechanism in incentive object,incentive subject, incentive fund,performance evaluation target with the residual claim share theory through it , and put forward some positive suggestions. At last, accounting treatment is discussed. |