Analysis About Stock-based Incentive On Managers In Listed Company

Stock-based incentive is emphasized gradually as a way to stimulate the managers. While the stock option incentive develop well in America, the Enterprise law and Security law are revised, and the Standard for stock-based incentive on managers in listed company is made. All these make stock-based incentive more applicable in china. But judge from the experience of stock-based incentive of Chinese company and the research, there is rarely effect. Take Wake's stock-based incentive on managers, this thesis is to prove how to do to get a good effect. Such as the incentive time,design the stock-based incentive based on enterprise's problems and its reality and design the stock-based incentive scientifically.This thesis concludes seven parts:First part is about the background and research meaning.Second part is to define stock-based incentive and analyze three types, then make contrast between them.Third part is about research development about stock-based incentive both in Chine and abroad.Fourth part descripts Wake's development and the puts up the problems.Firth part analyze the incentive time,the content of stock-based incentive and whether stock-based incentive can solve these problems, and the draw the conclusion.Sixth part makes a contrast about finance between before-incentive and after-incentive to explain the effect of stock-based incentive on finance.Seventh part analyzes the problems which perhaps appear because of inappropriate design of stock-based incentive, and then put up some advises to perfect it.