第三部分是中美经营者股票期权激励制度设计内容的比较分析；
Thirdly, I will compare and analyze content of managers' equity stimulation system in both China and the US.
目前我国实行股票期权激励制度虽存在一些困难，但却可以改进。
At present there are some difficulties in applying executive stock options prompting system, but they can be overcomed.
本文旨在分析我国目前推行股票期权激励制度的障碍，并提出一些政策建议。
Through analyzing the shortcomings of the stock right encouraging system used in our country, the authors point out some suggestions of policy.
本文从股票期权激励制度产生的理论基础出发，进而分析其作用机理和正负两方面效应。
The paper from Incentive stock options the system produces the rationale embarks, Then analyzes its action mechanism and the positive and negative two aspect effect.
我国对应用经理人股票期权激励制度的企业没有相应的会计准则对其业务的会计处理进行规范。
In our country, there have been no any regulations of relative accounting rules to control the accounting affairs of those enterprises which use stock period right for agents as promoting system.
从激励和约束机制方面来完善公司的治理，实施经营者股票期权激励制度不失为一种有效的制度。
The author thinks it is an efficient system to actualize ESO to improvement of corporate governance structure.
作为一种激励方式，股票期权激励制度在激励企业经营者、降低代理成本、改善法人治理结构、培养职业经理人市场方面具有巨大的优越性。
As a stimulation system, Stock Option has the advantage in the stimulation for the operator, lower agent cost, improvement in administration structure, and the cultivation of manager market.
虽然我国目前有关股票期权激励制度正式的税收法律法规尚未出台，但许多文件和有关方面的研究显示，企业实施此制度涉及的报酬成本和费用应从税前利润中扣除。
Many documents and researches suggest that compensation costs related to employee stock option should be deduced from pre- tax income though there is still no relative law in china.
并且，在诸如股票期权等的长期激励制度的份额上，他们也高出了许多。
They also take a far bigger chunk of their package in long-term incentives, such as stock options.
虽然在理论上股票期权具有很强的激励作用，但是至今没有令人信服的实证结果说明股票期权制度对企业绩效的促进效果。
Although stock option has strong incentive effects in theory, there is no compellent evidence of stock option system's positive effects on firm's performance.
股票期权激励机制，是一种有效的所有权文化，曾被世人所推崇，称为是20世纪制度安排中的创举。
Stock option encouragement mechanism is an effective culture of ownership, which is called pioneering work of the 20th century system arrangement.
股票期权只有具备企业产权制度安排的特征时，才能有效地发挥它的激励功能。
Stock options are an effective incentive only when they incorporate the characteristics of enterprise property right system.
应以法规范信息披露制度，分散股权以激活其流动性，实施股票期权等激励手段，强化宏观监督。
We should standardize information revealing system, distribute stock right to activate its circulation, carry out the incentive measure of stock forward right and reinforce macro supervision etc.
股票期权薪酬制度作为一种较有效的激励方式，近几年被我国理论界和企业界所认识，并开始在一些企业进行试点。
As an effective way of incentive, the stock option payment system has been known to the theoretical and enterprise circles in recent years and begins to be taken on trial in some local enterprises.
股票期权是现代企业中剩余索取权的一种制度安排，它有助于抑制经营者的短期化行为，对经营者产生长期激励效应。
Executive stock option that is a system on residual claims is beneficial to restrain managers short-term behavior and to have long-term incentive effect to managers in contemporary companies.
股票期权制是企业所有者对经营者进行激励和约束的一种报酬制度。
Executive stock option system is a reward system adopted by the enterprise owners to encourage and restrain the managers.
股票期权制度作为一种长期激励机制，是解决由于所有权与经营权分离所引起的委托人与代理人之间利益冲突的有效机制，但在实践中也存在着诸多的弊端。
Stock option as a long-term inspiration mechanism, is proved to be a effective mechanism to solve conflicts between consigner and attorney that arose from separation of management and possession.
股票期权计划是现有的激励制度的重要组成部分。
The stock options plan is an important component in the incentive system existed now.
股票期权制度作为对经理人员传统薪酬制度的补充，是现代股份制企业中一种有效的激励制度。
Stock option as a supplementary manner for tradition wage system of CEO, is a powerful incentive system in modern share enterprises.
我国股份制商业银行还没有一种严格意义上的股票期权制度，也没有解决如何制定基于股票期权的最优激励约束合同的理论问题。
There is not a stock option system rigorously in our commercial bank, and there don t answer the question which how to make the optimum incentive contract based on stock option system either.
会计处理的正确与否对股票期权制度激励作用的发挥起着重要作用。
Whether accounting treatment is correct or not is quite important for stock option motivation.
最后对完善股票期权激励机制分别在法律、会计制度、市场、公司内部治理结构等几个方面提出了建议。
Finally, the perfect incentive stock options in the legal, accounting, marketing, corporate governance and so on several aspects of the proposal.
经营者股票期权激励机制是一种长期有效的激励制度。
Executive Stock Options (ESO) is a long-term and effective inspiriting mechanism.
作为近年来在西方国家中行之有效的一种企业激励机制，股票期权制度在我国也越来越受到重视。
As the effective driving mechanism in a enterprise in the recent years in the western nation, the Executive Stock Option system is paid more and more attention to in our country.
股票期权激励正是这种制度安排的重要方式之一。
The executive stock option (ESO) system is one of the institutional arrangements.
股票期权的会计处理是期权激励制度中非常重要的内容，不解决会计问题，股票期权激励就无法进行规范的操作和实施。
Accounting disposal of stock option is an important content in option motivation system. Stock option motivation can not be properly operated and carried out unless solving the accounting problem.
经理股票期权是为解决现代企业的代理问题而为高级管理人员创设的一种激励制度。
As incentive mechanism established for senior managers of companies, executive stock options aim to solve the agency problem in modern corporation.
股票期权制度作为一种重要的金融衍生工具和公司经理人员的激励机制，在我国受到了越来越多的关注。
As an important derivative financial means and an inspiring system for managers, the executive stock option is now under heated discussion.
股票期权制度作为一种重要的金融衍生工具和公司经理人员的激励机制，在我国受到了越来越多的关注。
As an important derivative financial means and an inspiring system for managers, the executive stock option is now under heated discussion.
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