关于经理股权激励机制的探讨

对经理股权报酬和非股权报酬的优化组合激励问题进行了探讨。通过分析建立了组合激励的两阶段博弈模型,通过博弈分析和优化分析得到了经理最优薪资报酬组合和最优股权配置比例。结合构成股权配置比例的各参数的含义,探讨了它们的变化对最优股权配置比例的影响,指出了经理股权配置比例设计工作中应该注意的一些问题。

Discussion on the Mechanics of Manager's Equity Incentives

This paper discusses the problem of optimizing combined incentives of manager's reward on equity and non-equity.It establishes the two-staged game-theoretic model,obtains the optimized reward combination and the optimized proportion of equity allocation for manager through game analysis and optimization analysis,explores the effects of the changes of the various constituting parameters of equity allocation on its optimized proportion,and finally points out the highlights in designing the proportion of equity allocation for manager.