發(fā)布時(shí)間：2018-10-25 13:23

【摘要】：股票期權(quán)激勵(lì)往往被上市公司管理層利用,作為向管理層輸送利益的工具,這反映了資本市場(chǎng)和公司治理的不足。更為重要的,股票期權(quán)激勵(lì)本身就帶有福利性特征,這一特征在不完善的資本市場(chǎng)可能被放大。本文提出股票期權(quán)"福利化"概念,并對(duì)股票期權(quán)"福利化"進(jìn)行了分類界定,且在此基礎(chǔ)上指出了股票期權(quán)激勵(lì)在行權(quán)價(jià)格和業(yè)績(jī)標(biāo)準(zhǔn)方面存在"理想狀態(tài)",這是界定股票期權(quán)激勵(lì)性質(zhì)的關(guān)鍵。
[Abstract]:Stock option incentive is often used by the management of listed companies as a tool to convey benefits to the management, which reflects the lack of capital market and corporate governance. More importantly, stock option incentive itself has welfare characteristics, which may be magnified in imperfect capital markets. This paper puts forward the concept of "welfare" of stock option, and defines the concept of "welfare" of stock option. On this basis, it is pointed out that there is an "ideal state" in the exercise price and performance standard of stock option incentive, which is the key to define the nature of stock option incentive.
【作者單位】： 中央財(cái)經(jīng)大學(xué);
【分類號(hào)】：F832.51

【參考文獻(xiàn)】

相關(guān)期刊論文 前2條

1 張先治;股票期權(quán)理論及在公司激勵(lì)中的應(yīng)用研究[J];會(huì)計(jì)研究;2002年07期

2 鄭曉玲;;美國(guó)股票期權(quán)激勵(lì)的經(jīng)驗(yàn)和啟示[J];國(guó)際金融研究;2007年04期

【共引文獻(xiàn)】

相關(guān)期刊論文 前10條

1 馮增強(qiáng);關(guān)于股票期權(quán)激勵(lì)經(jīng)濟(jì)實(shí)質(zhì)問(wèn)題的探討[J];商業(yè)研究;2003年12期

2 馮，

本文編號(hào)：2293822