| 基于EVA的虚拟股票期权激励模式的思考 |
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| 引用本文： | 聂丽洁.基于EVA的虚拟股票期权激励模式的思考[J].河北学刊,2006,26(6):232-234. |
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| 作者姓名： | 聂丽洁 |
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| 作者单位： | 西安交通大学,管理学院,陕西,西安,710049 |
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| 摘 要： | 股票期权的激励作用受到股市有效性的很大影响,股市的弱式有效性削弱了期权的激励作用。本文引入业绩评价指标EVA(E-conomicValueAdded),将经理人的激励报酬和业绩贡献的变动联系在一起,提出用虚拟股票期权代替股票期权,并构建了基于EVA的虚拟股票期权激励模式,分析了该模式的一些优势,认为基于EVA的虚拟股票期权激励模式在我国更具有实用性。
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| 关 键 词： | EVA 虚拟股票期权 激励模式 |
| 文章编号： | 1003-7071(2006)06-0232-03 |
| 修稿时间： | 2006年9月16日 |
Incentive model design of phantom stock option based on economic value added |
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| NIE Li-jie.Incentive model design of phantom stock option based on economic value added[J].Hebei Academic Journal,2006,26(6):232-234. |
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| Authors: | NIE Li-jie |
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| Abstract: | The incentive function of stock option is mostly affected by the efficiency of stock market.The low-efficient stock market weakens the incentive function of stock option.This paper introduces performance appraisal index EVA(Economic Value Added),connects executive incentive compensation with the change of performance contribution,then proposes substituting phantom stock option for stock option.It also designs the incentive model of phantom stock option based on EVA,and analyzes the advantages of this model.This paper concludes that the incentive model of phantom stock option is more applicable in China. |
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| Keywords: | EVA phantom stock option incentive model |
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