股权激励制度

自此股权激励制度在我国开始了大范围施行。

Since then , stock incentive system in our country started large-scale implementation .

第四部分，提高我国股权激励制度有效性的途径，针对股票期权计划和职工持股计划实施不利的原因，分别对二者的有效实施提出一些政策建议。

The fourth part , the way to improving stock incentive system 's validity , propose some suggestions to the effective implementation of ESO and ESOP separately .

不少上市公司已开始筹谋施行较为明确的股权激励制度。

A number of listed companies have been planning the implementation of share incentive scheme .

以此为契机，我国高科技企业股权激励制度一定能得到良好的发展。

Take this opportunity to encourage high-tech enterprises shareholding system will be a good development .

这些研究结论为股权激励制度的发展完善和提升激励的实施效果提供了经验数据。

These research conclusions can provide the implementation of equity incentive system with empirical data .

要使我国上市公司中股权激励制度能够正常运转，还必须作出更大的努力。

More efforts are expected for the regular operation of corporate stock option system in China .

股权激励制度作为一种长期激励机制在美国等西方国家首先得到普遍应用。

Stock ownership incentive is applied generally in the Western countries as a long-term incentive system .

股权激励制度作为一种长期的激励手段，在国外的上市公司中得到了普遍的运用。

Equity incentive system as a long-term incentive , has been their universally applied in foreign listed companies .

本文阐述了股权激励制度的理论基础，对股权激励效应进行了分析，并针对中国国情提出国有非上市股份公司股权激励模式。

Last we bring forward the mode of stock option motivating in stock unlisted company to fit in China .

因而世界各国的公司都陆续推出了各种形式的股权激励制度，以此来有效地激励高管层。

And therefore companies around the world rolled out various forms of stock incentive , in order to motivate senior management .

而在我国，上市公司股权激励制度还处于研究和探索阶段。

But in our country , the listed companies in equity incentive process are still in the research and exploration stage .

随着我国上市公司治理机制的不断完善，越来越多的公司开始实施股权激励制度。

With the improvement of corporate governance mechanism in China , more and more companies involve in the stock ownership motivation .

20世纪90年代后，我国一些上市公司借鉴西方的经验，开始尝试股权激励制度。

After 1990 , some listed companies in our country learned from Western experience and began to try implementing equity incentive .

上市公司股权激励制度设计：是激励还是福利？

The Design for Listed Companies ' System of Stimulation by Stock Option and Purchase : Is it an Incentive or Welfare ?

对检验结果进行了深层次的规范原因分析，最后提出股权激励制度的完善建议。

We make deep level norm case study to the issue . At last we set interest inspirit soundness proposal on for .

其次从绩效考核评价标准和实施标准等方面提出了完善股权激励制度的建议。

Second , from the performance standards , The paper will evaluate the implementation of standards and make a sound equity incentive system .

而在管理层内部实行差别化的薪酬体系，在股权激励制度尚不健全的内地公司中，被认为是解决委托-代理问题的一种可行的方案。

As a result , to implement a differentiated pay system in the management team is a feasible solution to the principal-agent problem .

根据西方经济学家的研究，股权激励制度的实施能够改善委托代理问题，对公司价值的提高起到积极作用，因此，上市公司公告股权激励计划会对公司股价产生一定的影响。

According to Western economists ' study , the implementation of equity incentive can improve the principal-agent problem and increase the value of company .

80年代蓬勃发展起来的股权激励制度在促进公司价值创造，推进经济增长等方面发挥了积极作用，股权激励尤其是股票期权制度被认为是美国新经济的推动器。

Equity incentives flourishing since 1980s have played a positive role in value creation and been considered to be the promoter of American economy .

文章最后针对实证结论，提出了进一步完善我国股权激励制度的对策与建议。

At last , according to the conclusion , the paper proposes the countermeasures and the suggestions about perfection of our shareholding incentive system .

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。

ESO will cause a good effect on supervision policy and capital market , and give great impetus to corporate governance and market investment .

股权激励制度在几十年的发展过程中不断得到完善，在企业高级员工激励方面显示出巨大的能量。

The stock-based incentive system is improving development in decades of process , and it shows huge energy in enterprise senior employees ' incentive aspect .

第三部分是现状分析，先介绍了我国上市公司实施股权激励制度的背景情况，然后从不同维度对实施的现状进行了分析和描述。

The third part first introduces background of the implementation of the equity incentive system and then analyzes the current situation of the equity incentive system .

要想发挥股权激励制度的积极作用，离不开企业内部经营管理水平的支撑以及外部整体经济环境的配合。

The equity incentive system can display the positive role , only if the enterprise interior management as well as the exterior economic environment both went well .

实证的结果显示，股权激励制度对国内上市公司绩效的影响不显著，没有完全验证理论假设。

Empirical results indicate that equity incentives system for the performance of listed companies in China is not significantly affected and did not fully verify the theoretical assumptions .

我国于上世纪90年代引入了股权激励制度，由于当时没有具体的法规规范实施较少。

In the 90s of last century it was introduced into China , however , it was less effective for the reason there were little specific legal regulations .

此后，相关规章制度逐步完善，股权激励制度开始在我国蓬勃发展起来。

After that , the rules and regulations on the equity incentive system had gradually been improved . The equity incentive system began to develop thriving in China .

美国经验证明股权激励制度在促进公司价值创造，推进经济增长等方面发挥了积极作用。

Experience of the United States has shown that the equity incentive system has played an active role in promoting the value of the company and economic growth .

但股权激励制度在实践中究竟能发挥多大的效用，由于研究时间和研究方法等的不同，国内外学者对此还没有达成一致的认识。

Because of the time and different research methods , domestic and foreign scholars have not reached a consensus on the effect of equity incentive system in practice .

但如何建立股权激励制度？采取哪种股权激励模式对企业是最合适的？民营科技企业股权激励模式比较研究

But how to set up the rules suitable for the enterprises and which model to be adopted ? Comparative Research on Stock Right-based Motivation Patterns in Private High-tech Enterprises