Research On The Status Quo Of Fair Value Measurement Of Stock Options

Under the background of fierce competition of enterprises,creativity plays a more and more important role in the development of enterprises,even directly affects the rise and fall of enterprises.The phenomenon of enterprises using equity incentive to attract talents is becoming more and more widespread.In recent years,the use of stock options as the main method of settlement has gradually surpassed that of restricted stock.However,in the actual application process of enterprises,there is a variety of chaos,especially the measurement situation of the fair value of stock options.In order to analyze the problem and try to put forward feasible suggestions,in this paper,it is studied.This paper mainly uses the descriptive statistics method and the case analysis method.At First,according to the statistics,we select the settlement method of stock option.Based on the characteristics of the industry,the information technology industry with a large demand for talents and a wide range of equity incentives is selected.Then,GCL is selected as a representative enterprise among the listed companies implementing stock option from 2016 to 2019.And then,the details in the process of measuring the fair value of stock option are analyzed.Firstly,through the comparison with other companies,we can find that the parameter values are not uniform.Secondly,the fair value measurement model of stock option disclosed in the annual report and incentive draft is inconsistent.The enterprise has not stated the reason and the influence of the modification.Through the comparative analysis of the fair value and the cost of each period under the two models,there is a possibility that the enterprise manipulate profits through the modification.And there is a problem of inadequate disclosure.In addition,through comparing the actual fair value on the exercise date and the estimated fair value on the grant date,it can be found that current guidelines on subsequent measurement of equity instruments is unconscionable.In view of these problems,this article provides some suggestions,such as: full disclosure of information and strengthening supervision;refinement of relevant provisions and uniform standards;the fair value of equity instruments during the waiting period shall be measured according to the fair value at the balance sheet date.