【摘要】 股票期权的激励作用受到股市有效性的很大影响 ,股市的弱有效性使得经理层股票期权的收益发生扭曲。本文介绍了建立在基准指数基础上的指数化股票期权模型 ,分析了该模型的假设条件和约定价格的构造原理 ,并采用实例对指数化模型的定价效果进行了验证。更多还原

【Abstract】 Incentive of executive stock option depends on the effectivity of stock market,if the market is weakly effective,there will be little connection between executive payment and corporate performance.In order to conquer the weakness of market,this paper examines indexed executive stock options,it analyses how to establish the exercise price using a benchmark stock and also gives the pricing model,finally the model is tested by a case.更多还原