我国推行股票期权的制度性障碍

On System Obstacles in Carrying out Share Option in China

股票期权制度使经营者报酬同公司经营业绩紧密联系在一起，降低了代理成本。但这种制度需要一定的制度环境方能产生、存在并发挥其作用。我国目前的制度环境并不适合股票期权制度，因而制度的创新成为必然。

The system of share option makes operators' returns closely link to the performance of their companies and low ers a-gen cy costs.Because this system can only develop and take effects under certain system environment,it's necessary to bring forth new systems in our country.