【Key words】 Technological innovation； National Innovation of system； Technological policy； Property right incentive； Institutional innovation；
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the property right incentive 产权激励
property right incentive mechanism 产权激励机制
Therefore an effective incentive mechanism provides an important base for the steady operation of credit market. Usually, two kinds of incentive modes-property right incentive and contract incentive-exist in credit market.
通常,在信贷市场中,存在产权激励与合同激励两种激励方式,其中产权激励有效的前提是产权具有完备性、清晰性和排他性；而合同激励有效的前提是存在一个对代理人的可观测的行为结果以及可根据观测结果而采取的事后奖惩策略。
参考来源 - 次贷危机与信贷衍生交易：制度经济学视角·2,447,543篇论文数据，部分数据来源于NoteExpress
The property right creation and invention incentive are under some laws and arrangement of institution.
权利创造与发明激励存在一定的法律与制度安排之中。
Stock options are an effective incentive only when they incorporate the characteristics of enterprise property right system.
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。
Second, according to the characteristic of the property right of human capital and incentive theory, we can realize the human resources capitalization through the incentive mechanism.
二是根据人力资本的产权特征，结合经济学的激励理论，通过产权激励来促进人才资源的资本化。
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