清华经济管理学院案例.pdf12

清华同方员工股票期权计划
中文摘要：
本案例主要讨论了员工股票期权计划在解决委托－代理问题上发挥的作用，深入分析了人力资本的激
励机制。本案例结合清华同方的实际，探讨了在中国实施股票期权计划的内外环境，对管理机构、参与范
围、执行价格、期权股票来源、数量和分配方式等关键条款的设计进行了研究，总结了一般性的规律与方
法。
关键字：股票期权计划 人力资本 激励机制 方案设计
Abstract
The case mainly focuses on the Employee Stock Option Plan, its application in solving
principal-agent problem and its incentive to human capital. The case also analyses the
external environment and internal conditions required when implementing stock option plan.
Based on the practice of Tsinghua Tongfang Co. LTD and the current circumstance in China,
we discusses the key items such as administrator, eligible employees, exercise

 

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