incentive option 中文意思是什麼
incentive option
解釋
獎勵期權/股權-
As a important incentive mchanism, executive stock option ( hereinafter short for eso ) has got a wide and successful application in the west countries. in recent years, this system has been introduced by some of our enterprises. they hope that this system can successfully solve our enterprises problem of inspiring managers, which has not solved in the past over 20 years reformation. a distinctive feature of modern enterprise is the seperation of the ownership and the managership
作為一種重要的激勵機制，經營者股票期權（ executivestockoption ，以下簡稱eso ）在西方國家得到了廣泛而成功的應用。近年來，我國一些企業也紛紛引入eso制度，希望通過該制度來有效解決我國企業經歷了20多年的改革卻仍未從根本上解決的經營者激勵問題。 -
This article contains three parts, five chapters. the first part introduces the incentive models of actual bonus stock synoptically, analyses the stock on hand, option shares and stock option, the three kind of important incentive models, on rights and incumbencies, value and the incentive guidance by contrast. the second part discusses the difficulties and influential factors in the design of technical bonus stock, quests for the incentive models of technical bonus stock, analyses superiority and inferior position in action, difference and interosculation between them, discusses the need and significance for the technical bonus stock reanimation in the middle - small technicalfilms. in order to make use of the technical bonus stock distribution mechanism fully, inspire the talent of technologists, encourage their devotion to films, we have some important discussion on the technical bonus stock distribution policy, introduce the distributed models of technical bonus stock, point out the questions in the excutive course, and offer the solution correspondingly. in the third part, we discuss the technical stock option design on middle - small technical films, and consider the logical thoughtfulness in the course of reanimation as follows : the more outstanding achievement for the powered man the more increase on special target the lower price on technical option premium the more profit the more effective reanimation. in the parameter, a set of detailed program is designed, which includes establishment of incentive fund, institution of merit system for the plan ' s grantors, award of stock option, determination of premium, so as to reduce random in the incentive course, have a great effect on the mormative management for the
本文內容共分為五章三大部分，第一部分概括性地介紹了現行股權激勵方式，對現股、期股和期權這三種重要的激勵方式，從權利義務、價值和激勵導向三個方面進行了對比分析；第二部分探討了技術股權設計的難點和影響因素，討論了我國中小科技企業技術股權激勵的方式，分析它們在激勵中的優勢和不足，以及它們之間的區別與聯系，並對中小科技企業實施技術股權激勵的必要性和意義進行了探討。在文中還重點討論了中小科技企業技術股權分配的策略，介紹了技術股權紅利分配方式，指出在技術股權激勵過程中應注意的問題，並提出相應的解決辦法，目的在於充分利用技術股權分配機制，來激發技術人員潛在的創新能力，激勵他們為企業作貢獻；第三部分著重探討了中小科技企業技術股份期權的方案設計，在激勵方面，按照技術期權獲受人的業績越突出特定的指標增長越快行權價越低獲利越多激勵效果越好的邏輯思路進行考慮；在參數設計方面，對技術期權計劃中激勵基金、授予和考核、行權價格等參數進行了詳細地分析設計，旨在減少技術期權激勵過程中的隨意性，為中小科技企業的規范化管理起到一定的指導和借鑒作用。 -
Concretely, it is creditor ' s right from the angle of request of company ' s performing obligation ; it is expectant right from the realization of right ; it is option from the content of exercising right. simultaneously, eso has the characters of right, profitability, time limit and nonnegotiable. eso system is not an arrange for system of property right but a long term incentive mechanism, because the aim of enterprise executive is not property of enterprise but rich profit by exercising their right, that is the value of eso for senior manager is not to control company but to acquire profit from the price difference
第一部分分析了股票期權和股票期權制度的含義，指出股票期權的性質從不同角度分析可以認定為債權、期待權、選擇權，具體而言，從需權利人請求公司履行義務的角度它是一種債權，從權利實現的角度它是一種期待權，從權利行使內容的角度它是一種選擇權，同時它具有權利性、收益性、時限性、非流通性等特點；股票期權制度是一種長期激勵制度而非產權制度安排，因為企業經營者的目標是通過行使權利獲得豐厚收益，而非企業的所有權，即該制度對高級管理人員的最大價值是獲得差價利潤而不是控制公司。 -
This paper rasised series methods to solve these problems of the corporate governance of the chinese listed companies by analysising the main problems of them and refering to the international successful experience. these methods include : establish one rational equity capitals structure which is balanced by multi - equity capitals, reform and perfect the " three meetings " system, establish one rational really bring shareholders conference into play, optimize the function of director board, strengthen the supervising of supervision committee, improve the incentive machanism to operator and employee, import the mechanism of stock option, implement the plan of the employee holding stock., and so on
本文通過分析我國上市公司治理結構存在的主要問題，並借鑒國際上上市公司在治理結構方面的成功經驗，提出解決我國上市公司治理結構存在問題的一系列措施：改革與完善股權結構，建立合理的、多元股權相制衡的公司股權結構；改革與完善「三會」制度，真正發揮股東大會作用，優化董事會結構，增強董事會功能，強化監事會的監督；完善對經營者和公司職工的激勵機制，引入股票期權制度，實行員工持股計劃等等。 -
The results show that : ( l ) adoption of the intermittent mean price instead of the point price at the end of the option will help to reduce the chances of profit - making manipulated by managers and to curb the manager ' s motive to control the stock price ; ( 2 ) generally speaking, stock price of mean price option is more incentive to the managers than that of the black - scholes ; ( 3 ) when the stock market slumps at the end of the option, mean price option will ensure a moderate insurance for the managers ; ( 4 ) when stock price slumps alone with the overall situation of the stock market in the intermittent option, mean price option. however, will be inefficient as an incentive. chapter four addresses the questions concerning the manager ' s manipulation of the stock price, and the increase of the option risks because of long - term slump of the stock market
第三部分包括第三至五章，第三章針對時點價格容易被控制和時點價格的波動性太大，增加了經理期權的風險等問題，研究採用期權期內的平均價格替代期權期末的時點價格計算經理股票期權收益，構建了幾何型平均價格期權定價公式，並與black ? scholes期權定價公式進行了定量對比分析，結果表明： （ 1 ）採用期權期內平均價格替代期權期末時點價格有利於降低經理通過操縱股價的牟利機會，遏制經理操縱股價的動機； （ 2 ）一般條件下，平均價格期權股票價格對經理的激勵作用優于標準期權； （ 3 ）當臨近期權期末股價下跌時，平均價格期權能為經理提供適度保險； （ 4 ）當期權期內，股票受大市持續走弱影響而下跌時，平均價格期權失去了激勵作用。 -
Executive stock option ( eso ) is an incentive system formed in the enterprise management after introducing the concept of stock option, refers to a type of right for managers from enterprise owners to claim certain quantity of general stocks at a previously determined price within the agreed period
自從股票期權這種激勵方式首先在國外的企業中推行和運用以來，學者們便對它產生了很高的關注，既有理論上的論證也有大量的對于操作過程和方案的實證研究。 -
On the honesty crisis of stock option incentive system
論股票期權激勵制度的誠信危機 -
Mode selecting of the incentive system of stock option in china
我國股票期權激勵制度的模式選擇 -
- - - - - forming a systemic stock option incentive theory and practical guidance system. - - - - - investigating the validity and value confirmation of stock option by quantitative methods
結合實際情況，運用定量方法研究了股票期權激勵的有效性和價值確定問題。 -
On the base of different theories, such as enterprise contractual theory, agency theory and option incentive theory etc, economists have studied the related factors of growth enterprise
經濟學家從企業契約理論、委託代理理論、期權激勵理論等不同的方向出發，對企業的成長性相關因素進行了深入的研究。 -
Financial analysis for incentive methods of stock option
股票期權激勵方式的財務分析 -
Executive stock option system is one mature incentive model and its core is to endow company ’ s manager the right to buy ordinary stocks at fixed price and at future given time. in order to alleviate moral risk, the owner of executive stock options can benefit from the growth of the company
經理股票期權制度是一種成熟的激勵方式，其核心是給予公司的高級管理人員在未來某特定的時間按某一固定價格購買本公司普通股的權力，使股票期權持有者能夠享受到未來公司成長的利益，從而達到降低道德風險的目的。 -
The foreign executive stock option incentive : theory and practice
激勵理論評述與分析 -
On the theory and practice of stock option incentive
關于股票期權激勵理論與實踐的思考 -
Incentive issue is indispensable actor to study and perfect corporate governance. the stock option is one of financial derivative security
將金融衍生證券-股票期權應用到企業管理中是一種金融創新，也是目前國際上最常見的激勵手段之一。 -
Till now china bank industries have not applied this stock option incentive method, and its incentive methods are mainly short - term not long - term
目前，我國銀行業還沒有應用股票期權這種激勵手段，在激勵方式上，主要為短期激勵，缺少長期激勵手段。 -
Incentive idiosyncrasy of the asian option and its incentive effect on managers
亞式期權激勵特性及其對經理的激勵效用分析 -
Based on the contrast of all kind of salary instruments, stock option should play important part in manager salary structure. in order to realize the optimal incentive, the stockholder should fully make use of all kinds of salary instruments and combine them effectively, work out the optimal manager salary structure to maximize the benefit of shareholder
現實中進行具體薪酬設計時，為實現對經理層最優的激勵作用，應該依據具體情況，充分地利用多種激勵特性不同的薪酬工具，並、對其進行有效的組合，從而設計出最優的經理層薪酬結構，最終實現股東利益的最大化。 -
The anti - incentive of executive stock option
管理層股票期權的負激勵效應 -
From two aspects, the design of bank interior incentive mechanism and the long - term incentive to the manager, discuss how to strengthen the commercial bank ’ s credit risk management ; several advices are given about completing the commercial bank ’ s credit risk management ; the european credit incentive option is designed, and
從銀行內部激勵機制的設計和對經理人員的長期激勵兩個方面討論如何加強商業銀行信用風險管理。提出了完善商業銀行內部信用風險管理激勵機制的建議;設計了一種歐式信用激勵期權，該期權克服了股票期權「上不封頂」的誘導缺陷，並探討了其實際應用。
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