银行业股票期权激励运用的再思考——基于银行业特殊性的视角

Rethinking the Application of Stock Option Incentive Mechanism in Banking Industry from the Perspective of the Particularity of Banking Industry

基于银行业特殊性的视角,对银行业股票期权激励的运用进行理论分析,认为由于银行在合约、产品和资本结构等方面存在特殊性,简单套用股票期权激励理论对银行公司治理乃至整个金融体系的稳定都将产生负面影响。在此基础上,对金融危机前美国银行业不合理的股票期权激励制度及其引发的问题进行讨论,并对我国银行业股票期权激励机制的建立提出了相应的政策建议。

From the perspective of the particularity of banking industry,this paper holds that irrational application of the theory of stock option will exert negative influence on bank corporate governance and will even harm the stability of the financial system.Then,this paper discusses the irrational application and its negative effecs of stock option mechanism in banking industry of the United States and proposes corresponding countermeasures on the application of stock option mechanism in banking industry of China.