8陈萍论文.doc

本科学生毕业论文（设计） 题 目 股权激励对公司管理层的意义 系 经济管理系 专 业 经济学 学生姓名 陈萍 指导教师 沈银年 职称 副教授 论文字数 6073 完成日期 2009 年 4 月 15 日 论文题目:股权激励对公司管理层的意义 作者:陈萍 系： 经济管理系 中文摘要：股权激励作为一种有效解决企业委托代理问题的长期激励机制,早在上个世纪 80 年代就已经在西方企业广泛实施,近年来在我国企业中逐步得到了推广。对管理者实行股权激励可以实现经理人与股东目标最大程度上达到一致，降低代理成本,提高经营效率，增加企业价值。但是，由于我国市场经济仍处于起步阶段,这种激励机制在我国所面临的环境和条件和西方国家的环境和条件差别很大,国外先进有效的激励机制搬到国内未必能产生同样的激励效果。所以，本文以上市公司管理层为研究对象，分析了我国实行股权激励制度面临的问题，提出了建立科学民主的业绩考核制度，开发和规范职业经理人市场，健全有关法律法规等方法。 关键词：股权激励 上市公司 股票期权 英文题目:the Influence of Stock-based Compensation Award for Executives of Listed Companies 作者（英文）:chenping 系（英文）：Department of Economics and Management Abstract:As an effectivelong-run incentive mechanism tacking with all kinds of principal-agentproblems in companies ,equity incentive mechanism has been widelyused in modern western companies since 1980抯 last century ,and gradually spread in Chinese stock companies this years.The implementation of equity-based incentives for managers to realize the target managers and shareholders the maximum extent consistent, reduce agency costs, improve operational efficiency, increase enterprise value.However, due to Chinas market economy is still in its infancy, this incentive mechanism in our country facing the environment and conditions and Western countries environment and conditions vary greatly, advanced an effective incentive mechanism to move may not be able to produce the same domestic incentive effect.Therefore, this article listed the companys management as the research object, analyzes the implementation of equity incentive system facing the problem, a scientific and democratic set up performance appraisal system, development of professional managers and standardize the marke