论文部分内容阅读
股票期权作为金融传奇正受到越来越多上市公司的青睐,中国证监会从等待期、行权期、行权条件、行权自由方面对股票期权作出定义,本文研究重点基于这四方面,从中西方对比的视角探讨“中国概念式”股票期权制度的效应,研究结论是,中国虽然在引入股票期权的同时根据本土特色进行了调整,但是这既能产生激励效应也能产生负激励效应,从而可以看出这种激励方式并非尽善尽美,需要谨慎施行。
As a financial legend, stock options are being favored by more and more listed companies. The CSRC defines the stock options in terms of waiting period, exercising period, exercising conditions and exercising freedom. The focus of this paper is on the basis of these four aspects. From the perspective of western comparison, the paper investigates the effect of the “China Conceptual” stock option system. The conclusion is that although China has adjusted its stock options according to the local characteristics, it can produce both the incentive effect and the negative incentive effect , We can see that this kind of incentive is not perfect and needs to be implemented cautiously.