股票期权激励机制在我国的实践情况20世纪90年代,随着国有企业改革的深入,深圳万科集团率先实行了期股激励机制,随后,武汉、上海、北京等城市也先后试行了这种激励机制。国内许多文献都把这种激励机制等同于股票期权激励机制,但事实上,两者之间虽有相同之处,却绝不能划等号。期股激励机制是约定公司经营者在将来某一时间以一定价格(一般参照股票的当前价格确定)购买一定数量的股权,并在购买后一定期限内出售。它 Practice of Stock Option Incentives in China In the 1990s, with the deepening reform of state-owned enterprises, Shenzhen Vanke Group took the lead in implementing the stock-based incentive mechanism. Subsequently, cities such as Wuhan, Shanghai and Beijing also piloted this incentive mechanism . Many domestic literature equates this kind of incentive mechanism with the stock option incentive mechanism. However, in fact, although there are similarities between the two, they must not be equated. Stock incentive mechanism is agreed to the company at some time in the future to a certain price (usually with reference to the current stock price) to buy a certain amount of equity, and within a certain period of time after the sale of the sale. it