我国股票期权激励优化设计实证研究  

Empirical Analysis on Optimization Design of the Executive Stock Options in China

作　　者：刘思施[1] 彭红枫[1] 

机构地区：[1]武汉大学经济与管理学院,湖北武汉430072

出　　处：《武汉理工大学学报（信息与管理工程版）》2010年第3期494-497,共4页Journal of Wuhan University of Technology：Information & Management Engineering

摘　　要：从我国上市公司股票期权机制实施的现状出发,分析了其在现实中所产生的问题。针对股票期权机制的标的不太合理的问题,以平衡计分卡的原理为基础,在实证分析的基础上,进行股票期权激励制度的优化设计。通过收集最新数据,使用EVIEW S6.0进行计量分析,采用主成分分析法克服了解释变量和被解释变量之间的多重共线性的问题,选出了一个综合的能全面衡量高层管理者努力效果的指标,从而为我国实施股票期权激励制度的公司提供一些启示。The problems in the practice of executive stock options（ESO） were investigated and analyzed.A new approach was proposed to settle the difficult problems issue from the unreasonable underlying and to optimize the ESO.The approach was found on the theory of balanced scorecard and upon the empirical study.Several modules were made in EVIEWS6.0 on the basis of the latest date.In order to make a comparison among them,a more effective and comparative system was built up.The performance of the managers could be well measured under the system.

关 键 词：股票期权激励 综合业绩指标 平衡计分卡 主成分分析法 

分 类 号：F279.23[经济管理—企业管理]