股权激励下的财务效果研究—以格力电器股份有限公司为例.docxVIP

PAGE 1 股权激励下的财务效果研究—以格力电器股份有限公司为例 摘要：股权激励机制在上市公司的激励制度中占有重要地位。我国相较于国外的一些国家施行股权激励机制较晚，但推广施行的速度还是不容小觑的，国家先后出台相关政策，对我国的股权激励制度的发展起到了支持的作用。近年来我国各大公司想要通过制定相应的股权激励制度对员工起到长期激励的效果。就目前我国企业实施股权激励来看，我国的股权激励制度还不是十分完善，还有提升的空间。 本文通过分析在我国经济市场上具有知名度的格力电器股份有限公司的股权激励机制分析为例，探讨股权激励制度对我国上市公司财务方面的影响，思考如何更好的制定科学合理的股权激励方案从而完善公司内部制度与外部环境等方面。 关键字：股权激励;财务效果;股票期权 Research on Financial Effect under Equity Incentive—A Case Study of Gree Electric Co., Ltd. Abstract：Equity incentive mechanism plays an important role in the incentive system of listed companies. Compared with some foreign countries, China has implemented the equity incentive mechanism later, but the speed of its implementation cannot be underestimated. The country has successively issued relevant policies, which have played a supporting role in the development of the equity incentive system in China. In recent years, major companies in our country want to have long-term incentive effect on employees by making corresponding equity incentive system. As far as the implementation of equity incentive in Chinese enterprises is concerned, the equity incentive system in China is still not perfect and there is still room for improvement. Based on the analysis of the equity incentive mechanism of Gree Electric Appliance Co., Ltd., which is well-known in Chinas economic market, this paper discusses the impact of the equity incentive system on the financial aspects of listed companies in China, and thinks about how to better formulate scientific and reasonable equity incentive schemes so as to improve the companys internal system and external environment. Key words: Equity incentive ;Financial effect ;Stock option PAGE 19 PAGE 1 引言 公司实行恰当的股权激励制度能使公司获得更好、更长远的发展，这一点国外的一些国家比我国要意识到的更早。在2006年，我国证监会和国资委这些权威性的机构为我国企业在实行股权激励这条还在摸索中的作出了指道路指出方向，在对企业股权激励制定实施方面提出了相关的意见以及建议，意在使我国企业在制定股权激励制度时有所参考依据。这一举措激励了国内的上市公司，也掀起了股权机制制定的热潮，各家企业管理层以公司股权为绳索将公司与公司内核心员工二者的利益相关联，使得员工既可以以员工的身份更加用心地为公司谋发展又可以以股东的身份在企业的相关决策中进行参与、并在企业赚取利润后有权分享，同时有相关的风险也不能置身事外。由于我国企业股权激励模式研究起步