股票期权利弊分析

Analysis on the Advantages and Disadvantages of Shares Rights with in the Time Limit

股票期权作为一种新型的物质激励工具 ,它虽然具有能够调动经理人积极性 ,防止经理人短期经营行为等积极作用 ,但同时也具有易受企业外部因素影响 ,可能会使企业失去一些高风险、高报酬的机会等方面的缺点。因此 ,我国目前还不能一味推崇股票期权 ,更不能以其取代其他激励机制。应当逐步引入股票期权 ,并将其与基础年薪、效益薪金以及补充养老金等方式混合使用。

Shares rights with in the time limit as a kind of new type material stimulating tool,although it has the function to mobilize the positive factors of managers,avoid the short time management behaviour of managers,meanwhile,it is easy to suffer the impact of external factors of enterpvise,the enterpvise may lose the opportunity of high risks and high reward transactions.For this reason,our country needn't persistently hold a esteem of the shares rights with in the time limit,moreover,we can't adopt it instead of other encouragement mechanisms We ought to introduce it gradually,at the same time,we should adopt it together with basic year-salary、 economic effect salary and the supplementary old-age pension and so on.