股份支付问题是目前学术界探讨的热门话题,实务界也在探索各种激励方式,以降低委托代理成本,但委托代理成本仅是总体成本的一部分,本文将着重从税务成本的角度探讨股份支付方式的选择问题,从而在实现委托代理成本降低的情况下,能够促进有效激励机制的顺利运作,以此为企业决策者在处理股权激励问题上,提供一定的参考和借鉴。 Stock payment is a hot topic in academic circles at present. Practice circles are also exploring various incentive ways to reduce the agency costs. However, the agency costs are only a part of the total costs. This article will focus on the tax cost perspective of stock-based payment So as to promote the smooth operation of the effective incentive mechanism under the circumstance of reducing the cost of the principal and agency as a way to provide some reference and reference for the decision-makers of enterprises to deal with the issue of equity incentive.