浅析我国上市公司股权激励的现状

浅析我国上市公司股权激励的现状摘 要：股权激励是现代公司的一种创新性的激励机制。它在改善公司治理结构，最大程度的调动人力资源积极性，引导公司健康运转方面具有重要意义。一直以来，我国上市公司经营者的薪酬一直实行工资加奖金或年薪制的形式，这种短期激励方式导致国内上市公司高管长期激励严重不足。股权分置改革促成了我国上市公司股权激励方案的全面开展。本文旨在浅析我国上市公司股权激励的实施现状及存在问题，并试图找到合理的对策和建议，以期为我国上市公司实施股权激励制度提供借鉴和建议。关键词：股权激励；委托—代理理论；公司绩效；人力资本；股票期权State of Equity Incentive in China Listed CompaniesAn Shu(School of management, Ocean University of China, Qingdao 266100, Shandong)Abstract: Equity Incentive is an innovative incentives mechanism of the modern company. It has important meaning on improving corporate governance structure, arousing the enthusiasm of human resources maximally and ledding the companies to be health .China listed company has been taken the form of such a way to encourage the employee: wages and bonuses or Annual Salary System. Short-term incentive way causes a serious shortage of long-term incentives on encouraging executives in China Listed Company. Stock Segmentation Reform promoted the carry out of incentive scheme comprehensively. This paper aims to shallow the state of equity incentive and existing problems and tries to find a reasonable proposal, with a view to providing reference and Suggestions. Key words: equity incentive; Principal-Agent theory; company performance; human capital; stock option一、股权激励内涵及进展背景随着公司股权的日益分散和管理技术的日益复杂化，世界各国的大公司为了合理激励公司管理人员，创新激励方式，纷纷推行了股票期权等形式的股权激励机制。股权激励(Stockholder's rights drive)是一种通过经营者获得公司股权形式，给予企业经营者一定的经济权利，使他们能够以股东的身份参加企业决策、分享利润、承担风...