对以年薪制为基础的股权激励机制研究外文翻译.docVIP

外文翻译 原文 The annual salary system based on the incentive mechanism on stock options MaterialSource: /w/index.php?title=Special:Searchlimit=20offset=20ns0=1redirs=0search=Incentive+mechanism Autheor：samuelson The so-called incentive stock options system, the intent is to give entrepreneurs the company within a certain period of time in accordance with the established price to buy a certain number of shares of the Companys rights, made by the entrepreneurs of the cost of equity capital markets and equity prices on the poor Formation of a reward for entrepreneurs to add. This article discussed the incentive stock options, has a special meaning is that entrepreneurs will be paid an annual salary in profit sharing in whole or in part into the form of stock options to achieve long-term incentive effect. Incentive stock options will be incentive pay and ownership incentives ingenious combination of, on the one hand to entrepreneurs, entrepreneurs make the long-term behavior and interests of solidarity with the interests of business owners and entrepreneurs make a business One of the owners, have some ownership of other enterprises, at least have the following benefits: First, open a corporate ownership structure, and stability can continue to attract outstanding management personnel; Second, the entrepreneurs of the stock options from income Provision of the securities market, enterprises can reduce the burden of paying cash reward, save a lot of working capital to enterprises in the non-payment of funds under the incentives to entrepreneurs; Third, can reduce the asymmetric information, reduce agency costs; four enterprises can be corrected Home of short-sighted mentality, so that entrepreneurs are not only concerned about the enterprise, more concerned about their future. In contemporary developed countries, business managers remuneration structure of a larger change than ever before, to stock options as the main reward system has been replaced by a basic annual salary a