摘要股权激励机制作为一种重要的激励措施近年来被我国越来越多的上市公司所青睐,越来越多的理论证明解决公司委托代理问题的核心是建立一个完善的激励约束机制。作为一种长期形式的激励机制,股权激励的主要目的是降低代理成本,是达到激励效果的重要手段,但至今其所产生的效应一直是充满争议的。相较西方而言,股权激励制度在我国实施的比较晚,制度还不成熟,效果还不尽如人意,且可能管理层有机会从中谋取自身利益。论文通过学习国内外学者基于股权激励的理论研究,从我国实际情况出发,分析了股权激励机制其本身存在的问题,进一步提出了优化我国企业股权激励机制的对策,并通过对万科股权激励措施的研究和相关的财务数据分析,讨论了万科股权激励措施设计存在的优点和不足,并结合相关数据和理论提出改进股权激励的措施。19482
关键词 股权激励 委托代理 万科股权 问题对策
毕业论文外文摘要
Title Research on enterprise equity incentive mechanism and application in China
Abstract
Equity incentives as an important incentive in recent years has been an increasing number of listed companies in our favor, establish and improve the incentive and restraint mechanisms to solve the core of modern corporate agency problem. As a kind of long-term incentive mechanism of form, the main purpose of equity incentive is to reduce the agency cost, is an important means of achieving incentive effect, but the effect is always the controversial so far. Our equity incentive system implemented in not a long time, equity incentive effect is not obvious, and may also become a tool for management to reap benefits. Through theoretical research scholars at home and abroad to learn, analyze equity incentive own problems and inconsistent with China's actual situation, the proposed incentives listed companies to optimize our response, and through Vanke equity research and incentives relevant financial data analysis, analysis of the advantages and disadvantages of Vanke equity incentive measures designed to exist and to propose measures to improve equity incentive combined with relevant data and theory.
Keywords Equity incentive Agency Vanke equity Issues countermeasures
目 次
1 绪论 1
1.1 问题的提出与研究意义 1
1.2 国内外研究现状 1
2 股权激励的概念、模式与理论基础 4
2.1 股权激励的概念 4
2.2 股权激励的模式 5
2.3 股权激励的理论基础 6
3 我国企业股权激励实施现状分析 8
3.1 我国关于股权激励的相关法律制度规范 8
3.2 我国实施股权激励的条件 9
3.3 我国实施股权激励的具体情况 11
3.4 我国股权激励实施中存在的问题 12
4 万科股权激励方案分析 14
4.1 万科公司简介 14
4.2 万科股权激励方案 14
4.3 万科股权激励的后果分析 17
4.4 万科股权激励的结论与启示 20
5 有效改善股权激励效果的对策分析 22
5.1 促进公司治理结构的完善 22
5.2 规范行权价格的制定 22 我国企业股权激励的机制与运用研究+文献综述:http://www.751com.cn/kuaiji/lunwen_10851.html