股票期权是近年来国企改革的一个重要课题 ,我国部分城市正在进行股票期权的试点。本文就股票期权的激励作用及试点实施中出现的障碍进行了分析 ,并在此基础上提出实践中应注意的几个问题 :( 1)区别不同类型行业、企业 ,有选择地推广股票期权制 ,不搞一刀切 ;( 2 )科学合理地制定股票期权的期限、行权价和行权量等 ,使之能够达到长期激励约束的目的 ;( 3)构建一个期权与其它激励手段相结合的“组合套餐” ;( 4 )注意分析企业实行股票期权可能带来的负面影响 ,并提出相应的对策思路。 Stock options are an important issue in the reform of state-owned enterprises in recent years. Some cities in our country are piloting stock options. In this paper, the incentive function of stock options and obstacles in the implementation of the pilot were analyzed, and on this basis put forward several issues should be noted in practice: (1) different types of industries and enterprises, the selective promotion of stock options (2) scientifically and rationally formulating the term, exercise price and exercise power of stock options to enable them to achieve the purpose of long-term incentive and restraint; (3) to construct a “combination of options and other incentives” Combined package "; (4) pay attention to analyze the possible impact of the implementation of stock options, and put forward corresponding countermeasures.