经理股票期权的财务和会计若干问题思考

Reflections of Financial and Accounting Problems in ESO

由于信息不对称和目标函数的非兼容性 ,企业可能发生经理人员“代理行为”背离所有者财富最大化的财务目标。经理股票期权正是为了协调财务目标的冲突而出现的一种相对均衡的契约 ,其均衡性取决于股票期权的施权价与在期权执行日反映了经理人员管理贡献的公司股票价格之间的差异。经理股票期权的会计处理问题主要是会计计量依据的选择和会计确认日期的确定。根据西方对经理股票期权的会计处理经验 ,结合我国理财环境的实际情况 ,我国企业现阶段采用内在价值法对经理股票期权进行会计处理是切实可行的措施。

Financial objective, the maximum of stockholders fortune,is often ignored by the managers because of asymmetric information and disagreement of objective funtion between them. Executive stock option,a equilibrium contract, is to coordinate their conflict by means of the diversity between the stock option price and the stock market price.The accounting problems in ESO are mainly the accounting measurement and accounting process.It is very reasonable that the intrinsic value method is selected to account ESO in Chinese enterprises according to accounting experience in western countries and the financial environment in China.