現(xiàn)代企業(yè)高級管理人員股票期權制度研究.pdf

1、復旦大學碩士學位論文現(xiàn)代企業(yè)高級管理人員股票期權制度研究姓名：陳東申請學位級別：碩士專業(yè)：金融學指導教師：姜波克2001.5.15●ResearchofStockOptionsforSeniorManagerialClassofModernEnterprisesAbstractStockoptionssystemisalong—termincentivecompensationarrangementtothemanagementmemb

2、ersofferedbyenterpriseownersItsincentiveisbasedontherelationshipbetweenenterpriseprofitabilityandmanagementcompensationAsoneofthemajorincentivefactorstoseniormanagementmembers，stockoptionsarebroadlyandsuccessfullyusedbyW

3、esterncompaniesInrecentyears，ChinahashadsomeencouragedstudyonstockoptionscompensationsystemAsChina’SenteringintoWTOisapproaching，wewilldefinitelyseemuchmorestockoptionsarrangementsadoptedbythecompaniesTosatisfytherequire

4、mentsofChineseeconomicreformanddevelopment，thisarticlediscussesthemethodologyofincentivefunctionsandeffectivenessofstockoptions；analyzestheevolvementofseniormanagementcompensationstructureandthenewdevelopmentofstockoptio

5、nssystemintheWesternworld；andthenfocusesonthestudyofthemajorchallengesanddesignsofstockoptionscompensationsysteminChinaOnthebasisoftheseanalyses，thisarticlealsoprovideswithsomeideasandsuggestionsonthecontrolandsupervisio

6、nsystemofstockoptionsissuedbypubliccompaniesCurrentlyincompleteregulationsystemisthemajorchallengeforthestockoptionsarrangementofChinesepubliccompaniesPubliccompaniesdonothavelegalandstablesourcesofstocksaswellasasoundin

7、ternalcontrolsystem，whichreducestheincentiveofstockoptionsBasedonthedifferentsituationsonthreedifferentcommonstockmodules，weshoulddesignastockoptionsincentivesystembyconsideringinternationalpracticeandlocalsituations，und

8、erstandingtheinsides，difficultiesandrequirementsofthisincentivestructureWebelievethatstockoptionsstructurewilleffectivelyimprovethereformofcompensationandequitydistributionsysteminChinaKeyword：StockOptions，SeniorManageri