| The securities broker company is regarded as the most effective and most powerful financial intermediary in the capital market, which plays a key function in the joining of enterprise and capital. The securities broker company is the indispensable intermediary of restructures , system of reformation and the listing course。At the same time, after the years of accession to WTO when china promise open service life to the financial trade,Chinese securities broker company will face the challenges from abroad. If we want to stand firm in face of such a challenge,it is basic prerequisites to set up the appropriate administration structure of company and scientific organizational management frame. But the foundation of frame of rational company incentive mechanism is the most important basic factor among them. So the research on the incentive mechanism of securities broker company is concerned with not only whether the securities broker company of our country could set up rational corporate governance structure but also its one's own standardization and development. In term of this respect, our study on incentive mechanism of securities Broker Company is of great of our country has important realistic importance. The plat of this dissertation is to regard demand theory of encouragement as the logic starting point, and draw lessons from incentive mechanism in the U.S.A Securities that has taken shape for many years. The focal point is to analyze the problems exist in the incentive mechanism of securities broker company of our country at present as well as the relevant weak points, finally the writer put forward some views of setting up the suitable incentive mechanism of securities broker company in our country. As for the research approach, this thesispays attention to apply the theory to practice, and on the basis of comprehension of the classical theory, and offers the analysis at a large amount of fact and data to the incentive mechanism and through exemplification and comparison.Main contents and views of this paper divided into 4 chapters:Chapter one defines the meaning of the incentive mechanism at first, and proceeds from angle of the management of the company ,carries on overall understanding to incentive mechanism of administrative framework of company, finally it points out that the incentive mechanism is a field in the administrative structure of a company based on the theory of commission —agent,we realize that one of the keys conditions of optimization of company's administrative structure is to set up a perfect incentive mechanism. This thesis explain the theory of market competition and the theory of the right of asking for share surplus in terms of demand, and offers brief analysis. with the analysis of these two theories, we can get and set up suitable realistic enlightenment of incentive mechanism of our country securities broker company。Chapter Two explaine the incentive mechanisms of the securities organization of developed countries, such as U.S.A etc. and analyzes their basic characteristics, incentive systems and the relevant operation conditions together with mechanism of incentive mechanism. It examines incentive mechanism of American securities organization which have characteristics like incentive mechanism slopes to the senior executive especially at first, encourages the pluralism of encourage and diversifies incentive mechanism Secondly, it goes on to the introduction to incentive systems of American securities organization such as ESOP, Warrant and Company debt of high interest; Finally it analyzes the conditions and related mechanism of U.S.A. Incentive mechanism that operates effectively。Chapter Three is a major part of this thesis. This chapter regardsdomestic securities broker company as the object at the research object , analyzes the current situation of the incentive mechanism of domestic securities broker company especially, and has pointed out the existing problem of domestic securities broker company the single systems of incentive sy... |
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