The Research On Stock Options Application

The stock option is a kind of incentive system appeared in the middle of 20centuries . As an important incentive mechanism , it has got the extensive applicationin the western developed country.the stock option'S main merit is that it Can match the power of surplus control with the power of the surplus share mutually by letting executive participate the surplus share,consequently resolves effectively the problem of Client-Agent,make the target function choose of executive incline to maximizing shareholder benefits.So it shows great effect to the executive.China began to adopt stock option plans gradually, And promulgated a series of related laws and regulations. However,because of the big differences in internal and external environment between developed country and our country,putting stock option in practice at present will suffer from many drawbacks.In addition,the practice of stock option in developed country gradually exposes some problems of it.How to solve the drawbacks and the problems effectively is a key problem whether the stock option will bring practical effect or not in China.To analysis stock option application in our country, we selected 19 listed companies, summed up the implementation and the Solution of stock option problems in China.The dissertation is included five chapters:Chapter1—research backgrand research signification and introductionChapter2—The Theory Of The Stock Option;Chapter3—Inspiration of stock options application in U.S.;Chapter4—Comparison of old and new laws of China on the relevant provisions of stock options, Analysist impact of new regulations on stock options;Chapter5—Select cases analysis of the stock option problems in implementation, summaried the stock options in improving company performance impact factors;Chapter6—Implementation of our stock options still need to solve the problems and countermeasures.