经理人股票期权交易性质研究  

A Study on the Nature of Executive Stock Option Transaction

作　　者：毕洁琳 刘玉勋[2] 

机构地区：[1]内蒙古工业大学管理学院,内蒙古呼和浩特010051 [2]肇庆学院经济与管理学院,广东肇庆526061

出　　处：《肇庆学院学报》2013年第6期38-42,共5页Journal of Zhaoqing University

摘　　要：经理人股票期权契约的执行过程是企业与经理人的人力资本之间发生的一种特殊的交易,交易双方买卖的是人力资本服务。经理人股票期权交易的本质是:企业实施经理人股票期权契约的权利是服务索取;企业的义务就是向经理人提供股票期权,即从授予日到给予日,经理人股票期权的本质是负债;从给予日到执行日,经理人股票期权的本质是所有者权益。The implementation of executive stock option contract is a special deal between enterprise and manager＇ s human capital. What is exchanged between the buyer and the seller is human capital service. This arti- cle proposes and demonstrates the essence of the manager stock option transaction on the basis of the concept and characteristics of stock option transaction, the improper parts of four standpoints, the definition of liabilities elements and so on. The right of the enterprise is service request in implementing executive stock option con- tract; the obligation of enterprise is to provide managers with stock options, namely, the nature of executive stock option is liabilities from the grant date to the given date, and from the given date to the exercise day, it is the own- er＇s equity.

关 键 词：经理人股票期权 交易性质 计划 

分 类 号：F014.3[经济管理—政治经济学]