一、股票期权概述现代公司理论认为,企业是一种契约,在所有权和经营权相分离的现代公司治理结构中,股东(委托人)和经营者(代理人)通过订立或明或暗的契约建立委托——代理关系。但股东和经营者追求的目标并不相同:股东追求股价值最大化,以公司股票的 First, the overview of stock options Modern corporate theory that the business is a contract, ownership and management of the separation of the modern corporate governance structure, the shareholders (principal) and the operator (agent) by entering into a contract or Ming or dark Establish a commission-agent relationship. However, the goals pursued by shareholders and managers are not the same: the pursuit of maximized shareholder value to the stock of the company