期刊文献+

经营者激励机制中指数化期权的应用 被引量:3

The Application of the Indexed Stock Options in the Operators' Incentive Mechanism
下载PDF
导出
摘要 在经营者激励机制中 ,针对传统股票期权的缺陷 ,提出了指数化股票期权作为一种解决方案 ,并详细讨论了其理论上的优越性 ,结合其在国外的实际运用分析了实践中受限的可能原因。最后结合我国的实际情况 ,说明指数化期权的适用性以及提出相应的完善建议。 Considering the weakness in traditional stock option about the operators' incentive mechanism, this paper brings forward the indexed stock option as the solution and expounds its advantages in theory . Then based on the application aboard, it also analyses the possible restriction in practice. Finally, in accordance with China's present situation, this article expounds the feasibility of the indexed option and comes up with some corresponding suggestions in order to consummate it.
作者 张维 陶桦
出处 《现代财经(天津财经大学学报)》 2002年第6期3-6,共4页 Modern Finance and Economics:Journal of Tianjin University of Finance and Economics
基金 高等学校博士学科点专项科研基金资助项目
关键词 经营者 激励机制 指数化期权 应用 中国 WTO 先进性 制约条件 信息不对称 企业 Indexation Stock Option Operators' Incentive
  • 相关文献

参考文献8

  • 1Johnson, A. S., Tian, Y. S., 2000, Indexed executive stock options. Journal of Financial Econmics 57(2000)35 - 64.
  • 2Schizer, M. D., 2001, Tax Constraints on Indexed Options.Columbia Law School Working Paper Series. Feb,2001.
  • 3Hall, J. B., Murphy, J. K., Optimal Exercise Prices For Executive Stock Options. National Bureau of Economic Research Working Paper. Feb, 2000.
  • 4Acharya, V., John, K., Sundaram, R. K., 2000[ J] On the optimality of resetting executive Stock options. Journal of Financial Economics 57,65 - 101.
  • 5Johnson, S., Tian, Y., 2000. [ J] The value and incentive effects of nontraditional executive stock option plans. Journal of Financial Economics 57,3 - 34.
  • 6Brenner, M., Sundaram, R., Yermack, D., 2000. [J] Altering the terms of executive stock options. Journal of Financial Economics57,103 - 128.
  • 7Chance, D., Kumar, R., Todd, R. ,2000. [J] The repricing of executive stock options. Journal of Financial Economics 57,129 -154.
  • 8John E.C., Wayne, G., Robert E. V. ,2000. Are performance measures other than price important to CEO incentives? Unpublished working paper. University of Pennsylvania, PA.

同被引文献7

引证文献3

二级引证文献1

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部