探究股权激励的两面性——基于安然公司事件的研究

Exploring the Dual Nature of Equity Incentives —A Study Based on the Enron Company Event

在现如今经济快速发展的时代大背景下,企业间对人才的竞争也愈加激烈,而为了留住人才,很多企业都采取了一定的股权激励措施。股权激励对于企业挽留人才、促进企业正向发展的积极作用大家都是一致公认的,但股权激励会不会也存在一些潜在的问题,给企业发展产生一些负效应呢?本文基于一个典型的企业——美国安然公司,探究在其整个发展过程中股权激励所起到的作用。也希望其他公司能引以为戒,在关注股权激励的正向影响的同时也不要忽视其中隐藏的潜在问题,正确运用好股权激励,避免潜在问题的发生。

Under the background of the rapid economic devel-opment, the competition for talents among enterprises is becoming fiercer, and in order to retain talents, many enterprises have taken some equity incentive measures. The positive effect of equity incentive on retaining talents and promoting the positive development of enterprises is universally recognized, but will there be some potential problems in equity incentive and produce some nega-tive effects on the development of enterprises? Based on a typical enterprise—American Enron Corporation, this paper explores the role of equity incentives in its entire development process. We also hope that other companies can take a warning, pay attention to the positive impact of equity incentives at the same time do not ignore the hidden potential problems, the correct use of equity incentives to avoid potential problems.