The Research Of Executive Stock Option In China's List Companies

As a useful long-term incentive system, ESO can unify the interest and benefit of both the operator and the owners of a company. So it makes the operators work harder and make more contribution to the corporation. Some enterprises in China tried to carry on the ESO from the end of the 20^th century, and with the share merger reform, more and more list companies in China showed their interest in ESO.In the first part of the thesis, the author gives a summary of the theories of ESO. In the second part, the author compared the ESO executing both in and abroad. By analyzing the reasons of the increase and decrease of ESO in USA, the author gives some suggestion to the policy of EOS in China. In the third part, the author presents her view on how to design the elements of the ESO plan including the Exercise Price and so on. At last, after carefully study the condition of A technique company, the author designed the ESO plan for A company using the method she mentioned above.