对经理薪资报酬中最优股权配置的探讨.doc
约5页编号:5-29578DOC格式手机打开展开
对经理薪资报酬中最优股权配置的探讨,页数 5字数 5653摘要论文对经理股权报酬和非股权报酬的优化组合激励问题进行了探讨。通过分析建立了组合激励的两阶段搏弈模型,通过搏弈分析和优化分析得到了经理最优薪资报酬组合和最优股权配置比例。结合构成股权配置比例的各参数的含义,探讨了它们的变化对最优股权配置比例的影响,指出了经理股权...


内容介绍
此文档由会员 钱阳 发布
对经理薪资报酬中最优股权配置的探讨
页数 5 字数 5653
摘 要 论文对经理股权报酬和非股权报酬的优化组合激励问题进行了探讨。通过分析建立了组合激励的两阶段搏弈模型,通过搏弈分析和优化分析得到了经理最优薪资报酬组合和最优股权配置比例。结合构成股权配置比例的各参数的含义,探讨了它们的变化对最优股权配置比例的影响,指出了经理股权配置比例设计工作中应该注意的一些问题。
关键词 股权,薪资,组合,激励,搏弈
Abstract In this paper, we study a manager’s optimum constitute incentive of share ownership’s salary and non-share ownership’s salary. We establish a two-stage model of game in combination of incentive through analysis. We get the optimum combination of salary and optimum share ownership using game’ analysis and optimum research. We analyze the influence of reference number to the excellent combination. We point out some problems that would notice in designing a manager’s optimum share ownership.
Key word share; salary; combination; incentive; game
参考文献:
[1] Holmstrom, B, P Milgrom. Multitask principal-agent analyses: incentive contract, asset ownership, and job design [J]. Journal of law, Economics, and Organization, 1991,7:24-52
[2] Jenson M, K J Murphy. Performance pay and top management incentive [J]. Journal of Political Economy .1990,98(2): 225-264
[3] Jenson M, W meckling. Theory of the firm: managerial behaviors, agency costs and ownership structure [J]. Journal of Financial Economics, 1976,3:305-360
[4] Yermack D.Do corporation award CEO stock options effectively? [J]. Journal of Financial Economics. 1995,39(2-3): 237-269
[5] Yermack D.Good timing: CEO stock potion award and company news announcement [J]. Journal of Finance, 1997,52(2): 449-476
页数 5 字数 5653
摘 要 论文对经理股权报酬和非股权报酬的优化组合激励问题进行了探讨。通过分析建立了组合激励的两阶段搏弈模型,通过搏弈分析和优化分析得到了经理最优薪资报酬组合和最优股权配置比例。结合构成股权配置比例的各参数的含义,探讨了它们的变化对最优股权配置比例的影响,指出了经理股权配置比例设计工作中应该注意的一些问题。
关键词 股权,薪资,组合,激励,搏弈
Abstract In this paper, we study a manager’s optimum constitute incentive of share ownership’s salary and non-share ownership’s salary. We establish a two-stage model of game in combination of incentive through analysis. We get the optimum combination of salary and optimum share ownership using game’ analysis and optimum research. We analyze the influence of reference number to the excellent combination. We point out some problems that would notice in designing a manager’s optimum share ownership.
Key word share; salary; combination; incentive; game
参考文献:
[1] Holmstrom, B, P Milgrom. Multitask principal-agent analyses: incentive contract, asset ownership, and job design [J]. Journal of law, Economics, and Organization, 1991,7:24-52
[2] Jenson M, K J Murphy. Performance pay and top management incentive [J]. Journal of Political Economy .1990,98(2): 225-264
[3] Jenson M, W meckling. Theory of the firm: managerial behaviors, agency costs and ownership structure [J]. Journal of Financial Economics, 1976,3:305-360
[4] Yermack D.Do corporation award CEO stock options effectively? [J]. Journal of Financial Economics. 1995,39(2-3): 237-269
[5] Yermack D.Good timing: CEO stock potion award and company news announcement [J]. Journal of Finance, 1997,52(2): 449-476
TA们正在看...
- 2020下半年福建教师资格初中生物学科知识与教学能...doc
- 2020下半年福建教师资格初中美术学科知识与教学能...doc
- 2020下半年福建教师资格初中英语学科知识与教学能...doc
- 2020下半年福建教师资格初中音乐学科知识与教学能...doc
- 2020下半年福建教师资格考试幼儿保教知识与能力真...doc
- 2020下半年福建教师资格考试幼儿综合素质真题及答案.doc
- 2020下半年福建教师资格证中学教育知识与能力真题...doc
- 2020下半年福建教师资格证中学综合素质真题及答案.doc
- 2020下半年福建教师资格证小学教育教学知识与能力...doc
- 2020下半年福建教师资格证小学综合素质真题及答案.doc