An Analysis Of Incentive Mechanism Of Property Rights In The High Technology Enterprise

The high technology enterprise is main important body of technical innovation. In our country, the high-tech enterprise has already made much progress. However, with the advancement of the economical globalization, the advantage of the high-tech enterprise is not obvious in the intense international market competitive. It is urgent for the high-tech enterprise to excavate its impetus function to the economical development. One of the basic reasons which restrict the high-tech enterprise development in our country is the incentive mechanism shortage of property rights . To maintain the continuous innovation power and promote the enterprise's core competitive power, the high-tech enterprise must establish the property rights system to stimulate the potential creativity of talented person. Therefore, in view of the high-tech enterprise's current situation in our country, I will try to prove the realization form of incentive mechanism of property rights in the high-tech enterprise through stock option.It not only has certain theoretical significance, but also has some urgent practical significance.As the theory foundation ,it firstly points out that because of technology innovation's spill effect , it needs property rights to provide security and incentive. As property rights can safeguard the innovator's income maximization, so it can encourage the innovator's creative power.Secondly it points out: the idiosyncratic human capital owner's innovation ability is the most important resource in the knowledge-economy times. Through analyzing the distinctive quality of the high-tech enterprise's contract, it points out the tendency of the high-tech enterprise's contract, which is from"capital employing labor"to"labor employing capital".Then beginning with the characteristic of the idiosyncratic human capital owner's property rights, this thesis puts forward that the idiosyncratic human capital should share the enterprise's remnant as they control the remnant. So it should establish the reasonable and effective system of property rights which adapts to the knowledge-economy times.Then it introduces stock option——the successful experience of incentive mechanism of property rights in developed countries, analyzing stock option's action mechanism and the union superiority of stock option with the high-tech enterprise.It sets up a model to prove the conclusion that the idiosyncratic human capital owner is the premier for stock option's incentive object.Finally it elaborates the stock option's incentive situation in our high-tech enterprises, pointed out the realistic barrier of stock option's implement in our country and proposes the...