Comparative Research On The Effect Of The Listed Companies' Stock Option Incetive Model In China

As a long-term incentive mechanism, Stock option incentive is helpful to solve the agency problem between shareholders and operators, perform the consistence between ownership and controlling power, and conquer the short-term actions of managers to pay more attention to long-term sustaining development. Stock option incentive has now entered a stage of rapid development in China.In recent years, although the practice of stock option incentive made a lot of progress, the problem is also exists. Since the end of 2007, together with the Chinese stock market crashing and the international financial crisis, most of the once prevalent stock option incentive has been failed, which also discover the defect of stock option incentive for the listed companies in China. Expioring the stock option incentive model in order to achieve maximum benefit is necessary.This dissertation is a comparative research of the effect of the stock option incentive modle for the listed companies in China.First describe the theory of the stock option incentive, the foreign operational experience of the stock option incentive and its reference to the listed companies in China, the categorites and comparative analysis of the stock option incentive model, and the status statistics of the stock option incentive in China, then use the SPSS software to do demonstrating analysis through the multiple elements linear regression.the data used by demonstrating analysis in this paper is chose according to the standards of collecting analyzing data from Chinese listed company launching the A mode stock. It includes the annuals of 43 example listed company in 2006.In the final of this dissertation, we can make a conclusion that the stock option incentive is a little more than the restricted stock, but the difference is not clear between the two models.Then this dissertation make an analysis, contrast and explanation in details to give a suggestion and solution about how to make a sustaining progress of stock option incentive in different listed company of China.