Barriers and Countermeasures on the Implementation of Executive Stock Options in Chinese Listed Corporations

摘要

As a long-term incentive plan, the theory of Executive Stock Options is theoretically perfect. However, there are some obvious implementation obstacles on its stimulating impact in some field, such as legislation, market, supervision, assessment, tax preference and so on. Therefore, this paper analyzes the barriers of Executive Stock Options and its countermeasures by using comparative analysis method, empirical analysis method and case analyzing method aiming at enhancing the incentive effect on the implementation of Executive Stock Options in Chinese listed corporations. Finally, it is concluded that such countermeasures should be taken as follows: Establishing and improving laws and regulations about the stock options, setting up scientific evaluation system, reinforcing the supervision dynamics of intermediary service institutions, industriously enhancing the effectiveness of security markets of China and providing the support on tax policy etc.