Game Study Of Stock Option Incentives For Managers

The development of the enterprise proves that, management is the most important factor ,and the important link of management is human; At the same time whether a person has enthusiasm, initiative or the creativity, the key is managing; Whether manages does well, the key is the choice of drive - restraint mechanism. In the good enterprise ,it must design inevitably the salary drive mechanism to coordinate the contradiction between the owner and operator ,so as to cause the two benefit trend to be consistent and achieve the pursues that the shareholder value maximize the goal.. Now is the crucial time precisely that the Chinese enterprise and the capital market reform, how to hook enterprise's operator and owner's benefit suspension, to solve the question of the superintendent salary system, and to solve the question that Pioneer enterprise initial period direct salary cost burden strength low. It must be the significant practical significance that does the stock time for manages one of superintendent long-term drive essential ways as a temporary measure, introduces our country enterprise to. Manager stock time power ,it is the certain quantity awards manager the personnel in future some specific time ,by certain price. It is one kind of long time salary system for the overseas big company in "two power separations" to drive the operator and the staff work diligently.This research carries on firstly to the important concept decides, then carries on the analysis to the stock time power drive mechanism and the effect on the foundation of the domestic and foreign research . then it establishs the most superior stockholder's rights drive model with the gamble analysis method on the foundation of the agent theory, And then discuses the solution sector to provide the theory and the method reference for our country enterprise's structural design which is property owner to superintendent. Finally ,it analyzes the way of the stock time power which implements in our country, and proposes the barrier to implement the stock time power existence in our country and give some suggestion to overcome these barriers .