【摘要】 经理薪酬制度是现代公司治理机制中的重要内容。人力资本理论、创新和风险管理理论、现代契约理论构成经理股票期权的理论基础。股票期权制度的特征 ,是长期性的激励机制、市场化的评价机制、灵活性的选择机制、可持续性的动力机制。企业实行经理股票期权计划 ,可使企业形成开放式股权结构 ,可以不断吸引和稳定优秀人才 ,增强公司凝聚力 ;促使管理层注重股东价值 ;降低直接激励成本 ;可以降低代理费用 ;鼓励经理人勇于承担风险 ;增强薪酬激励效果 ;矫正经理人的短视心理。更多还原

【Abstract】 The executive salary system is the main content in the modern company managerial system. The theories of human resources of creation and risky management, of modern contracts make up the theoretical base of ESO. The feature of stock option system is the long-term inspiration mechanism marketing criticist mechanism flexible optional mechanism and sustainable motive mechanism. The enterprises engaged in ESO can form opening stock power structure, continually and stabilize excellent talents, strengthen the company’s cohesion, spur the managing group to lay stress on the value of stockholders, low down the directly inspiring capital,low down the agent fee, inspire the managers to bravely shoulder the risk, improve the salary inspiring effect, correct the managers foresight-lacking psychology.更多还原