论文部分内容阅读
股权激励制度作为一种长期激励机制是在企业的所有权与经营权相分离后出现的,良好的股权激励机制能充分调动经营者的积极性,将股东利益、公司利益和经营者个人利益结合在一起,从而减少管理者的短期行为,使其更加关心企业的长远发展。我国的股权激励制度在股权分置改革以来迅速发展,股票期权与限制性股票是我国上市公司实施股权激励的两种主要方式。本文从权利义务、估值、会计、税收、限制环节等多角度对股票期权与限制性股票进行了比较分析。
As a long-term incentive mechanism, equity incentive system emerges after the separation of ownership and management of the enterprise. A good equity incentive mechanism can fully mobilize the enthusiasm of the manager and combine the interests of the shareholders, the company and the individual interests of the operator , Thereby reducing managers’ short-term behavior and making them more concerned about the long-term development of the enterprise. China’s equity incentive system has developed rapidly since the split share structure reform. Stock options and restricted stocks are the two main ways that Chinese listed companies implement equity incentive. This article compares the stock options with restricted stocks from the aspects of rights and obligations, valuation, accounting, taxation and restriction.