The Study Of Stockholder's Rights Drive Of The Shanxi Province East And West Shopkeepers During The Ming And Qing Dynasties

In the period ming and qing dynasties the development of stock optiong incentive plan have changed form extrinsic encouragement to the intinsical motivation of employees.The development have experienced institutional environmental constraints to the autonomous self-dispcipline.The stock option incentive plan is a kind of company operator obtain the stock rights from strong stock holder.This institution will award company manager some rights,such as business decision,profit sharing,risk bearing,and it will responsible for the long-term development of the company's effective service strategy.The progressively elaborated development of stock rights incentive plan have oprated in the Jin merchants during ming and qing dynasties.Our study will plan to begin with our traditional stock option incentive plan,and combine it with modem stockholder's rights drive,fighting for the two complement each other and combine organically.Shanxi Shengkui that cabinet equity incentive has brought vitality to the merchants in the Ming and Qing Dynasties,but also brought great inspiration to us by the Shanxi equity incentive mechanism and modern incentive system control,can be found the equity incentive system to modern equity incentive incentive system particularly in terms of equity.Through the research and comparison of the two,can be found in the share system of employee shareholding period is generally longer,which can achieve the maximum incentive effect.But the stockholder incentive beneficiary broader coverage,even the mutual supervision between the agents,this will greatly reduce the agent cost.Jin businessmen implementation and operation conditions is relatively simple.The above statement can be drawn Shengkui what cabinet of stock rights incentive and equity incentive system as modern have both stimulating and constraint management,and reduce the agency cost function,also has the nature of stock rights incentive some originality.Taking the modern equity incentive system as a reference,the purpose is not to evaluate whether the two systems are superior or inferior.This study has always maintained its essence,to its dregs,learning attitude,learning in the summary of modern equity incentive system at the same time,learn from our traditional national characteristics in the management system.This work will benefit to combine the traditional equity incentive mechanism with the modern equity incentive system.Equity incentive is conducive to correct the working attitude of employees,improve the cohesion and combat effectiveness of enterprises.From employee to shareholders,from the agent to partner,this is the identity of the staff and the identity of the qualitative change,qualitative change will bring about a change of work attitudes.Equity incentive can also avoid the short-term behavior of employees and maintain the consistency of corporate strategy.Equity incentive can attract external talent,continuous delivery of fresh blood for the enterprise.For employees,its value depends not only on the level of fixed wages,but also depends on the number and value of the equity or options.In addition,ownership or option is also a symbol of identity,is to meet the needs of employees to achieve an important bargaining chip.Therefore,to attract and retain high-level talent,equity incentive is indispensable.Finally,the equity incentive also reduce the cost of the spot,for the smooth winter reserve energy.Equity incentive,as part of the replacement of fixed pay,can achieve a win-win situation between enterprises and employees to a large extent.