经理股票期权激励计划——上市银行的适应性与政策建议

目前,我国有九家银行已经在香港和国内上市交易,为了提高银行经营绩效,降低代理成本,有些银行正着手制定股票期权激励计划。然而,银行实施经理股票期权激励需要考虑多方面有效性假定条件。分析中国银行业改革与发展状况,九家上市银行经营业绩,以及经理权力制约的现状,可探讨经理股权激励计划在中国银行业发展路径。

Executive Stock Option Incentive: Adaptability and Policy Suggestion

Nine banks have been listed in HongKong and domestic stock market at present.Some banks are drawing up the executive stock option(ESO) incentive plan to advance their performance and reduce their agency costs.However,this needs some effective hypothesis for practicing the ESO plan.The author analyses the reformation and the development of the banking industry in China,getting along with the listed banks' management performance and the executive officer power restriction.Then she discusses whether the ESO can accommodate the listed banks in China,whether or not it can bring effect.Finally,she puts forward the policy suggestion on the stock option incentive of the listed banks in China.