我国国有企业股权激励方案设计研究

On the Design of the Stock-based Incentive Program for Our State-owned Enterprises

本文以美国公司首席执行官的股权激励体系为基础，结合中国国有企业的具体情况， 以主要的股权激励设计要素为内容，设计了一套具有中国特色的股权激励方案的框架，为中 国国有企业实行股权激励，解决委托－代理问题，提供了借鉴与参考价值。

： Based on the salary system of chief exercise office of American company,this pap er constructs a stock-based incentive program considering our country's present situation.It will provide some reference and experience for the principal-agen t problem in Chinese companies.