随着股权分置改革的基本完成，我国上市公司开始了实施股权激励计划的热潮。
股权激励机制是经发达国家实践证明的行之有效的长期激励方式，能有效解决国有上市公司高管人员和股东之间目标函数不一致所产生的委托—代理矛盾，促进企业高管和股东之间形成利益共同体，激励企业高管为股东和社会创造更多的价值。
本文将围绕股权激励制度的产生背景，分析股权激励调和所有者与经营者之间的矛盾以及股权激励作用的机理；本文分析了中国现有环境下的股权激励现状，包括法律环境以及经济环境，以及如何在当下及未来根据宏观市场环境和公司经营情况进行股权激励方式的选择。针对我国股权激励开展的实践情况，本文以宝钢股份的股权激励实例，简要分析其股权激励制度的设计成功之处以及可以借鉴之处。最后，本文分析了现有的股权激励制度存在的诸如公司结构问题、绩效考核合理性、资本市场不完善等问题，并相应的提出一些建议。
关键词（本论文范文的主要论点）：股权激励，国内上市公司，激励模式，问题和对策
ABSTRACT
With the accomplishment of the reform of the Option Division, the listed companies in our country set off a upsurge of implementation of equity incentive . Equity Incentive mechanism is a measure of long-term stimulation, whose effectiveness has been proved by the practice of many enterprises in the developed countries. It is aligning the interests of managers with those of shareholders and to incentive managers to maximize shareholder's wealth and social value.
This article described the emergence of equity-based incentives system in the context of what are, why the owner of equity-based incentives and be able to reconcile the contradiction between the operators and equity-based incentives can work in; this article will discuss the environment in China under the existing status of equity-based incentives, including the legal environment as well as the economic environment, and how to present and future market environment, according to the macro situation and corporate equity incentive selection approach. At the same time, this article will be quoted Baosteel shares examples of equity-based incentives, a brief analysis of its stake in the design of incentive systems, and can learn from the success of the. Finally, this article will analyze the existing system of equity-based incentives such as corporate structure of the question, the reasonableness of performance appraisal, capital market imperfections, such as questions and make suggestions accordingly.
Key Words: Equity Incentives, Domestic Listed Companies, Incentive Models, Problems and Countermeasures
TOC \o "1-2" \h \u 摘 要............................................................. PAGEREF _Toc18352 2
ABSTRACT........................................................... PAGEREF _Toc26989 3
1 股权激励机制的理论分析........................................... PAGEREF _Toc22409 4
1.1 基本概念界定................................................ PAGEREF _Toc9324 4
1.2 股权激励机制的理论基础...................................... PAGEREF _Toc1162 5
2 国内上市公司股权激励现状......................................... PAGEREF _Toc10894 7
2.1 现行法律法规对于股权激励的规定.............................. PAGEREF _Toc21855 8
2.2 国内上市公司股权激励基本模式................................ PAGEREF _Toc28287 9
2.3 影响股权激励模式的因素分析................................. PAGEREF _Toc17873 12
3宝钢的股权激励制度的实例分析..................................... PAGEREF _Toc18810 13
3.1 宝钢股权激励计划的基本内容................................. PAGEREF _Toc3220 13
3.2 宝钢股权激励模式的选择分析................................. PAGEREF _Toc22582 14
3.3 宝钢股权激励计划的激励效果................................. PAGEREF _Toc30966 15
4 国内上市公司股权激励制度存在问题与对策.......................... PAGEREF _Toc1137 17
4.1 国内上市公司股权激励存在的问题............................. PAGEREF _Toc28345 17
4.2 完善国内上市公司股权激励机制的对策......................... PAGEREF _Toc18405 19
参考文献.......................................................... PAGEREF _Toc31177 21
*若需了解更多与协助请咨询↓→[电脑QQ][手机QQ]【数据协助】
