股票期权的另一个透视角度

Another Perspective in Stock Option

股票期权通常被认为是现代企业针对人力资本特性而采用的一种有效人力资本激励方式。从物质资本所有者角度出发对此给出了另一个解释。并对股票期权激励可能造成的负面效应进行了分析。

Stock option is thought to be an effective method taken by modern enterprises to encourage human capitals according to the characteristics of human capital.This paper gives another explanation from the perˉspective of material capital proprietor,and analyzes the negative effects from stock option encouragement.