论文标题:我国股票期权法律制度研究
Analytic Study on the Construction of Demand-Competency-Oriented Modular Curriculum Systems in Accountancy Higher Vocational Education
论文作者 陈漪
论文导师 王晓川,论文学位 硕士,论文专业 法律
论文单位 对外经济贸易大学,点击次数 84,论文页数 51页File Size1089k
2005-04-01论文网 http://www.lw23.com/lunwen_443846967/ 股票期权; 激励制度; 公司治理
stock option; incentive system; corporate governance
随着中国改革开放的深入，国有企业治理结构和激励制度自然成为人们关注的热点问题。随着企业契约理论、委托-代理理论的引入和拓展，特别是在经济全球化和中国加入WTO的时代大背景下，伴随着与时俱进的思想解放和制度创新，过去长时间被排斥或忽略的对国有企业经营者人力资本的经济激励，逐步得到大家的理解、允许和鼓励。 而股票期权制度是适应现代企业发展较为行之有效的激励方式之一。它是一种把企业经营者的利益与其对企业的贡献和企业的未来发展紧密联系在一起的激励制度安排。它能有效的将公司经理人的个人效用和公司发展的长远目标结合起来，既体现了经理人的人力资本的价值，又有效的解决了现代公司中的委托代理问题。因此，我们有必要引入股票期权制度，但该制度的实施在中国是否面临障碍和问题，尤其是在法律制度上如何确立，这正是本文中欲探讨的问题。 本文一共分为四部分： 第一部分是股票期权制度概述，阐述了股票期权制度的概念、分类、理论基础及发展状况。 第二部分主要介绍了我国实行股票期权制度的探索，包括我国国有企业分配制度的历史沿革、我国引入股票期权制度的意义以及我国企业实行股票期权制度的实践，并与国外的股票期权进行了比较。 第三部分剖析了我国实行股票期权制度面临的主要问题，包括公司治理结构的缺陷、证券市场有效性不足、企业绩效考核不规范、现行法律体系的限制等。 第四部分是本文的重点，初步提出了我国股票期权制度的立法建议，包括股票期权制度在公司法和证券法的确立，股票期权税收与会计处理以及股票期权制度在劳动法中的确立。
With the intensification of the reformation and opening to the world of china, the corporate governance and the incentive system of the state-owned enterprises become the hot point of our attention naturally. Along with the input and development of the enterprises contract theory and the principal-agent theory, especially under the big background of the economy globalization and our entering into WTO，accompanying with the deepening of mind-liberalization and system-creation, the economic incentive to the human capital of the executives of the state-owned enterprises gradually get our comprehension, admission and encouragement ,which used to be neglected and rejected for a long time.Stock Option system is one of the effective encouraging way that adapt to the development of modern enterprises system. It closely links the managers’ benefits and their contribution with the future expansion of enterprises. So it not only can embody the value of managers’ human resources, but also can effectively solve the problem of principal-agent in modern enterprises. So, it is necessary for us to bring the system to China, but does its enforcement in China face any obstacles or problems, especially about the establishment in legal system, this is just what this paper will discuss.The paper includes four parts:Part 1 is the general introduction of Stock Option system, includes its notion、classification、theoretic basis and development status.Part 2 mainly introduces the exploration of its enforcement in China, includes the history of the distribution system in Chinese state-owned enterprises, the meaning of bring the Stock Option system to China and the enforcement practice in our enterprises, also the author compares domestic Stock Option system with overseas ones.Part 3 analyzes the main problems in China to enforce the Stock Option system, includes the structure defect of corporate governance、the deficiency of validity in the stock market、the deficiency of standardization in enterprise performance examination、the limitation of present legal system. Part 4 is the core of this paper, initially brings forward the legislative advices of domestic Stock Option system, includes its establishment in corporate law and securities law, its tax and accounting disposal, its establishment in labor law.
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