股票期权实施中的道德风险与防范

Moral hazard during Operating Executive Stock Options and the Countermeasures

股票期权制度作为一种有效的激励制度,其初衷是有效地解决委托代理问题,但是在实施过程中出现了种种问题,源于人的机会主义行为倾向及由此产生的道德风险。本文探讨了股票期权实施中的道德风险并提出防范措施。

Executive stock option as an effective way to solve the principal-agent problem is going into trouble, for moral hazard coming along with it . This paper points out some aspects of moral hazard and gives some suggestions to avoid them.