期权激励对经理人风险承担行为的影响——基于文献综述的视角  

The Influence of Option Incentives on Managerial Risk Taking——Based on Literature Review

作　　者：杜晶[1] 李健[1] DU Jing LI Jian(School of Business, Hunan University, Changsha 410006)

机构地区：[1]湖南大学工商管理学院,长沙410006

出　　处：《软科学》2017年第3期58-62,共5页Soft Science

摘　　要：追溯股票期权问题的缘起,剖析理论研究中股票期权对于风险承担激励的正、负作用机理,梳理实证研究风险承担激励效应的计量与内生性问题的解决思路,对比非传统期权的特点与激励效应,并进行股票期权在中国现实中的运用分析。This paper traces the origin of ESO at first, then analyses its positive and negative incentive effects on risk taking and summarizes the measurement of risk-taking incentives and solutions for endogeneity problems based on existing literatures. Further, it compares the features and incentive effects between traditional and nontraditional options. Finally, it gives some advices on developments of relative researches based on Chinese backgrounds.

关 键 词：经理股票期权 风险承担激励 凸性特征 非传统期权 

分 类 号：F275[经济管理—企业管理]