对国有企业建立经理股票期权制度的思考

Some thoughts on the state corporation's system of manager stock option

经理是决定企业成效的关键 ,建立起完善的国有企业经理的激励———约束机制是国有企业改革成功的关键一环。国外的大公司、大企业在长期实践的基础上建立起了比较完善的经理激励———约束机制 ,其中一项重要内容就是经理的股票期权。这值得我们借鉴。本文主要介绍股票期权制的内容和理论依据 ,并在此基础上分析了经理股票期权制的特点 ,最后探讨了这一制度在我国的实践中遇到的问题和对策 。

It's the key for the successes of state corporation revolution to establish the perfect stimulating-restricting mechanism for business managers (SRMBM), the same as the importance of the managers to the corporation. Developed countries have successfully established the perfect SRMBM which one of its important content is the system of manager stock option (SMSO). This article is mainly about the content, the theoretic foundation and the characters of the SMSO, then about the problem met and countermeasure being to take during practicing in China. It is hoped to help China deepen the revolution of the state corporations referring the SMSO.