浅析ESOP稀释原有股东财富的原理  

The Analysis of the Principle of "ESOP"to Dilute the Fortune of Initial Stockholders

作　　者：胥洋[1] 

机构地区：[1]湘潭大学商学院,湖南411105

出　　处：《科技和产业》2005年第5期30-33,共4页Science Technology and Industry

摘　　要：从相关的理论观点看来,股份制企业建立ESOP会在一定程度上稀释原有股东的财富,但却对其稀释原有股东财富的原理几乎没有一个全面的分析。本文将以美国现代企业制度条件下的ESOP为例,从六个方面对上述原理加以阐述与分析。according to related theories, ESOP will definitely dilute the fortune of initial stockholders in joint-stock enterprises to some extent. However, there is no comprehensive explanation to its principle. This article aims to comprehensively analyze the dilution principle of ESOP under the modern enterprise system in America from five aspects.

关 键 词：雇员持股计划 股东财富 企业价值 杠杆化 融资 

分 类 号：C962[经济管理—人力资源管理]