【作者】 周兰；

【导师】 王善平；

【作者基本信息】 湖南大学 ， 会计学， 2004， 硕士

【摘要】 股票期权这一长期激励制度，以股票为纽带，是有效解决企业代理问题的重要制度安排。股票期权制度的激励作用具有长期性，因此在西方已得到了广泛应用，取得了普遍认可。在我国，有关文件和主要领导的讲话都提到了可以在有条件的企业中进行经理人股票期权试点，但是由于配套的政策、法规尚未出台，实施股票期权制度面临进退两难的局面。基于此，股票期权制度及会计问题研究就成为一个在理论上和实践上都富有意义的课题。 本文对人力资本与股票期权制度的关系、股票期权制度的运行机制、发挥股票期权长期激励作用的一般条件及股票期权制度所必须的内在纠错机制等方面进行研究，在跟踪国际最新发展动态的同时，采用规范研究与案例分析等研究方法对我国上市公司当前推行股票期权制度及其涉及的会计问题等进行了专题研究，并提出了一些有意义的政策建议。 本文力图在以下几个方面有所创新：(1)股票期权本身并没有什么问题，问题在于自利的人们可能滥用它，谋取私利，因此，给股票期权制度赋予纠错机制，显得特别重要。本文对纠错机制的内容进行了一定的探讨。(2)绩效评价是决定股票期权能否起到应有的激励与约束作用的重要因素，在绩效评价标准的财务指标体系中，研究了引入经济增加值(EVA)、修正的经济增加值(REVA)体系与非财务指标的重要性和具体内容。(3)将国有股减持与国有企业经理人股票期权激励联系起来考虑，一方面可以优化国有上市公司的股权结构，另一方面解决了实施股票期权制度所必须的股票来源问题。(4)在目前难以短时间内建立有效的证券市场的情况下，建议有关部门在进行股票期权立法时，应引入指数化股票期权。(5)在股票期权会计中，主张将股票期权确认为费用、采用公允价值进行计量。更多还原

【Abstract】 Stock option , a long-term incentive system, regarding stock as the tie, is an important system arrangement that is a valid solution to the enterprise agency problem. The incentive function of the stock option is long-term, therefore having got in the west extensive application, obtain the widespread approbation. Proceed in our country, relevant document with primarily leader can mention in the conditioned business enterprise the agent stock option try to order, however, because of the lack of relative policy, laws of the kit, the stock option system face the in a dilemma situation when we put it into practice. According to this, stock option system and accounting problem research become a theoretically and practical meaningful lesson.This dissertation research the following contents including the relationship between the non-finance capital and stock option, the operation mechanism of the stock option, general condition to developing the stock option incentive function, an inner rectified mechanism for stock option system, etc. We keep follow the international latest development of this aspect, at the same time, adopt the normal research and case research to analyze the stock option system and relative accounting problem of the listed company in our county and put forward some meaningful policy and the suggestion.To conclude, the author did the following creative points in this dissertation: (1) The stock option oneself has no problem, the existing problem consist in people who seek the private interest may abuse it because of the benefit, therefore, It is very importance to give the stock option system the rectified mechanism. This text focus on the contents of the rectified mechanism at certain extent . (2) The performance assessment is a very important factor to decide whether the stock option has the function of incentives and restrains .In standard finance index system of performance assessment, we studied the economic increment value( EVA), the revised economic increment value( REVA) system . (3) We consider to relate the reducing holding shareholder of state-owned company with stock option system of manager of state-owned company which is to optimize the stock structure of state-owned listed company, on the other hand to resolve the source problem of stock option system. (4) Under the current situation that it is very difficult to establish the valid stock market in a short time, We suggest the department concerned should lead into the Indexed Stock Options, while proceeding stock option lawmaking. (5) In the stock option accounting, we recognizethe stock option as the expenses and measure in fair value.更多还原