完善现代企业员工持股计划--山西票号身股制的当代启示  

Perfecting the Employee Stock Ownership Plan of Modern Enterprises--Inspiration of Shanxi’s Stock Ownership System

作　　者：徐倩 XU Qian(Economics and Management School,Hubei University of Technology,430068,Wuhan,Hubei,China)

机构地区：[1]湖北工业大学经济与管理学院,湖北武汉430068

出　　处：《特区经济》2024年第4期137-140,共4页Special Zone Economy

基　　金：湖北省教育厅哲学社会科学项目“中国关系本位情境下的经理人不道德行为对下属职业成长的影响机制:寻租理论的视角”(项目编号:19Y045)资助。

摘　　要：员工持股计划作为一种以激励员工和留住人才为主要目的的制度设计,在本土实践中仍存在着诸多问题。山西票号曾执中国近代金融业之牛耳,其身股制与现代员工持股计划类似,本研究借鉴山西票号身股制实施中的优秀经验,得出了现代企业突破员工持股计划困境的启示,包括差别化激励与延期支付;建立组织和谐劳资关系;第三方约束与监督代替员工自律。这一研究结论有助于完善现代企业员工持股计划,化解员工激励难题。As a system design with the main purpose of encouraging employees and retaining talents,ESOP plays a positive role in mobilizing employees’enthusiasm,improving performance level and alleviating fi-nancing pressure.However,there are still many problems in practice,such as negative effects caused by em-ployees’dual identity,insufficient incentive,short duration of ESOP and so on.It is necessary to find im-provement measures based on local situations.Shanxi stock was once a leading enterprise in China’s modern fi-nancial industry.As the representative system of Shanxi stock,the personal share system plays an important role in encouraging ticket employees and coordinating labor relations.The personal share system stipulates that the way of taking shares by labor force is similar to the modern employee stock ownership plan,and both aim to motivate employees and retain talents.Therefore,this paper draws lessons from the excellent experi-ence in the implementation of Shanxi stock’s personal share system and obtains the enlightenment to break through the dilemma of employee stock ownership plan.These inspirations include:first,implementing dif-ferentiated incentive and unlocking the shares held by employees by stages to improve their long-term perfor-mance;second,establishing harmonious labor relations and enhance employees’organizational viscosity to retain employees;third,professional organizations intervene to replace employee self-discipline with third-party constraints and supervision to reduce the information asymmetry between enterprises and share-holding employees.

关 键 词：员工持股计划 山西票号 身股制 利益捆绑 和谐劳资关系 

分 类 号：C933[经济管理—管理学]