作　　者： ; ;

机构地区： 对外经济贸易大学

出　　处： 《财经科学》 2006年第5期28-34,共7页

摘　　要： 良好的股权激励机制能够充分调动企业经营管理者的积极性,将股东利益、公司利益和经营管理者个人利益结合在一起,从而减少了管理者的短期行为,使其更加关心企业的长远发展,努力实现股东和公司利益最大化。股权分置改革和《证券法》、《公司法》的修订,增强了实施股权激励机制的有效性,为实施股权激励构筑了良好的基础。实施股权激励制度还会产生积极的政策和市场效应,对于完善资本市场功能,提高上市公司治理效率,形成职业经理人市场都具有推进作用。 The effective Executive Stock Option （ESO） will bring the managers into full play, and will be identical with long benefits of shareholders, managers and corporate. It will also restrain the managers＇ behavior from aiming at achieving short - term results only, make them pay more attention to corporate＇s long - term development, and to maximal benefit of shareholder and corporate. Both reform of ownership structure and revised securities law, including revised company law, will increase ESO＇s efficiency and prepare the ground for it. ESO will cause a good effect on supervision policy and capital market, and give great impetus to corporate governance and market investment.

关 键 词： 股权激励 公司治理 股权分置改革 职业经理人市场

领　　域： [经济管理] [经济管理]