StockOptionSystem

1、最新資料推薦Stock Opti on SystemStock Option System Directory Abstract ABSTRACT 1.Preface (A) an overview of equity-based incen tives and theapplicati on of the developedcoun tries. in the. . . . . . . . . . . . . .1 (2)Chi nas equity incen tive opti on incen tive system, especiallythedevelopme ntofprofil

2、es 1-2Two . Theoretical An alysis of the Incen tive Opti ons (A) The basic con cept of opti onincen tivesand the desig neleme nts2-4(B) the role of equity-basedincen tivesandadva ntagesofthesystem4-5(C) Opti on Incen tiveSystem inChi nasimpleme ntati onof then ecessityofan alysis4-6(Iv) the role of

3、incen tive system onafewoptio nstodiscuss.6-7 (5) stockopti ons,the1 / 9impleme ntatio nofriskan alysis7-10(f) stock opti onofgameincen tiveeffectan alysis10-16(7)Summary16Three . Option System in the Western developed coun tries, the maturity of experie nee in the impleme ntatio n of (A) mode . the

4、 various intern ati onalequityincen tive16-17(B) StrategicStockOpti onIncen tiveDesig n18-22Four . Chinasimpleme ntatio n of Optio n System Problems and Soluti ons (A)thereisthe22questi on(B)最新資料推薦resp onse22-23(C) of the specific an alysis of thesystemofen terprisesOptio n 23-27Five . Opti onIncent

5、ive System in Chinas Practice (A) At present, the majorshare of domesticen terprisesto adoptincen tives.27-30(B) regio nalmodel.30-31(C) model of the characteristics of theregi on31-32SixI callon China to implement therecomme ndati ons .thesystem32-35Refere ncesAbstractStock opti ons is to provide o

6、perators with the bus in ess owners agreed period of time to enjoy a pre-determined price in order to purchase a certain number of shares of the companys rights.Stock opti ons have a stro ng role in Ion g-term incen tive andrestraint. So what exactly is howto understand the incentive stock options?

7、(Its internalmechanismand applicationof whatare the con diti ons? Should be desig ned in accorda nee with the prin ciples on which incen tive stock opti on s?) In the west of thesuccessfulexperie neeof developedcoun tries?Application in China will be faced with what the real problem? How do I resp o

8、nd? In differe nt regi ons, differe nt in dustries how to effectively use of equity-based incen tives to preve nt the error into the equity-based incentives? Author on the incen tive optio ns at this stage in our impleme ntati on of the ideas? This article willdiscuss these issues. KeywordStock opti

9、 on incen tivesystem operators arebound bycompe nsati on pla n ABSTRCT It is provisi on man age sopra no at and en terprise owner promissory term within to share phase weight, the price purchase to a certaintyquantity theseenterprise stock right of the tenure withal certainonepredefine. The length p

10、hase drive and peg action down on of the stock phase weight possess compare strong. Those on earth how to acqua inte with stock phase weight in spirit?Both (hisimma nence mecha nism and apply on con diti on that what? Ought accord ing to what prin ciple came DESig n stock phase weightdrive?) His at

11、west upgrowth state have got what successful experie nee on? Be on the applicati on should encoun ter what strain practice problem of me n ati on al? Be ones turn how to answer? At differ region, differ vocation how to hold true han dle thigh weight in spirit, the put have got what view in force of

12、the preve nt walk admissi on weight stimulate error regi on to? Author self about phase weight in spiritat menationalcash phase? Text put up with these issue proceeddiscuss. 1. Preface (A) an overview of equity-based incen tives and the applicati on of the developed coun tries in the West In 1952, t

13、he Uni ted States a call Fiesel (Pfizer) compa ni es,in order to avoid corporate executives cashcompe nsati on has bee n high in come tax rate levied in the employees introduced the first stock option plan. After several decades of exploration, the current development of the Western countries have b

14、een widely used corporate incentive mechanism. According to statistics, as of 1997, the United States 45% of listed companies to the stock option plans, in 1999, Fortunemagaz ines Top worlds top 500 large in dustrialen terprises,89%of en terprises had adopted the stock opti on system. Over the past

15、20 years, the U.S. corporate man ageme nt stock opti onsexte nsively carried out, cha ngingthe in come approachgeneral manager of the United States. Such as the U.S. General Electric CEO Jack Welch in 1998 total in come 270,000,000 U.S.dollars, which acco un ted for more tha n 96% retur n on equity,

16、 muchhigher than the total salary and bonus of less than 4%share. Accordi ng to Bus in ess Week(2019) Statistics:1999 U.S. top 20highest-paid chief executives (CEO) received in come from the appreciati on in the stock porti on of the average total in come of more tha n 90%. Stock Opti ons to en able

17、 man agers to be able to enjoy the ben efits of compa nys stock value growth. Stock opti ons is to provide operators with the bus in ess owners withi n the period agreed upon, enjoy a pre-determi ned price in order to purchase a certain number of shares of the companys rights. Stock opti ons have a

18、strong role in Ion g-term incen tives and con stra in ts.Through the Preside nt of the Un ited States pay 150large companies posed analysis showed that the total CEO compensation, 48% of the stock options and other forms of stock-based compe nsati on acco un ted for 11%, 23% performa nee bonus, base

19、 salary accounted for 18%. Showsthat stock options as a Iong-term incentive and restraintmechanismsin the UnitedStates is more com mon, the more importa nt form.Employeeequity incen tive is the mai n form of Ion g-term incen tives inthe Un ited States, such as restricted stock own ership pla n, stoc

20、k option system or Share Option Scheme, the form of phantom stock or stock appreciationpole, deferred payment plans,specific target incentive plans, management buyouts, and many other the Iong-term incentives have been successfully used, and has fun dame ntally cha nged the salary structure of emplo

21、yees.But especially in the high-tech enterprises, is even more exte nsive use of. Among them, the most widely used and most effective incen tive stock opti on system. For example, in theU.S. Nasdaq-listedcompanies,90% of companieshaveimplemented a stock option plan.From the developedcountries, the p

22、ractical side, the companysstock option awards to outsta nding people has bee n impleme nted for many years .In 1999 the Un ited States, Ko-m amp;amp; Frry research report shows that more than one billion U.S. dollars of assets in companies with 78% of companies issuingstock options toman ageme nt;

23、in Fort une 1000 big compa ni es, over 90% of the compa nies to impleme nt of executive stock opti ons, and in the high-techcompanies, the applicationof executive stockopti ons are more popular. (B) Chinas equity incen tive option incentivesystem in particular, the development ofprofiles 20 years of

24、 Chinese enterprise reform, eventhoughenterprisemanagers have a lot of the design of incentivesystems, such as con tract ing,leas ing, bonu ses,etc. However,these systems are focused on short-term incen tives. Although the short-term incen tives to a certa in exte nt, the mobilizatio n of the year p

25、rofits of operators to raise the en thusiasm, but because the operator for the pursuit of immediate profit at the expense of Iong-term development of the short-term enterprises, many enterprisesor serious hidden losses, or the lack ofIong-term development of the stamina. The operators revenue in Chi

26、na pose a mediumto long term the proportion of remuneration is very low, therefore, desig n salaries of our bus in ess pla n, should be Ion g-term incen tives and con stra ints as key poi nts. Because of this, stock opti ons, the system the past two years to become a hot topic in Chi na. As early as

27、 September 1999Teda Company officially launched the incentivesto theimplementationdetails,which is Chinas A-share listedcompanies implement equity incentive measures, the first statute. The earliest release equity incentive programs listed compa nies is a blessed land Tech no logy (0828). The disclosure of the impleme ntatio n of equity incen tive programs, the the n total of 16 Guangdon gFort une executives to ben efit from, each received bonuses from 320,000 yuan to 36 ten thousand dollars.Among them, about 7 million to the form of cash, about 250 thousa nd yua