股份公司經(jīng)營者報酬激勵研究.pdf

1、西安工業(yè)學院碩士學位論文股份公司經(jīng)營者報酬激勵研究姓名：向海燕申請學位級別：碩士專業(yè)：企業(yè)管理指導教師：宋元梁趙亞莉2003.3.1AbsvactStudyonRewardMotivationofOperatingPersonnelofaJointStockCompanySubject：EnterpriseManagementPostgradu。t。Signamm：∞i參袋、P。st鏟aauateDirectors；snature：∥容

2、毛＼驢AbstractWiththedevelopmentofin—depthenterprisereforru，moreandmoreattentiononrewardmotivationofoperatingpersonnelispaidfromhomeandabroad，academicandbusinessworldTheessentialproblemtotheownerofioint—stockcompanyishowtod

3、esigntheoperatingpersonnelrewardstructuresoastoencourageoperatingpersonneltoshowgreatcareonthebenefitsofshareholderThepaperanalyzetheagencytheorybehaviorexpectationtheoryandtherewardmotivationtheoryTheconclusionisdrawnth

4、atoperatingpersonnelmustandertakelimitedriskintherewardcontractofowneranticiDatedeffectivenessoptimumThePaDerpointsoutthattwoquestionsmustbesolvedtoestablishtherewardmotivationofoperatingpersonnel：theconfirmofoptimumrewa

5、rdstructureandtheselectionofperformanceevaluationtargetTheoptimumrewardstructureofoperatingpersonnelisthatessentialwageincentivecashpaylong—termmotivationofstockoptionWebelieve血ateconomicValueaddedfEVA)balalicebetweencap

6、italgainsandcapitalCOStCanaccuratelyvaluatethepracticalvaluecreationoftheoperatingpersonnelandcanofferguidanceformotivationExecutiveStockOption厄so)istoownoperatingpersonnelcertainresidualclaimandundertakecorrespondentris

7、kandaimedatthelongterlnformotivatingtheoperatingpersonnelbehaviorTIliSpaperstatesthedetailsfromthefollowingfiveaspects：血erangeofESObeneficiarythesourceofstockandincentivecapitalexercisepriceofESO，exerciseperiodofESO，thel

8、imitofESOEtcThefunctionofESOshouldbebasedoneffectivecapitalmarket，howevertheefficiencyofdomesticcapitalmarketisdoubtfulThereforeweputforwardtheassumptionthat‘pseudo—stockoptionvaluedby‘internalstockprice’’’and“combiningt

9、hepseudo—stockoptionwithbonusaccount”“InternalStockPrice’simulatesthefirmstockpricethatresultedfromthemodeofthestateofequilibriumwithaverageeconomicincomeiSzerointheeffectivemarketandiSdeterminedbyriskleSSrateofreturnris