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股票期权是一种带有不确定性的报酬激励形式,期权持有者获得的是风险收益,因为期权行权价格与行权时的股票市场价之间的有利差异程度存在诸多变数。但是这种风险收益的实现某种意义上讲更多地是取决于管理者自身。股票期权激励的可能缺陷就是如果缺乏相应的辅助约束机制(下称“
The stock option is a form of reward incentive with uncertainty. The option holder obtains the risk return because there are many variables in the degree of the favorable difference between the option exercise price and the stock market price at the exercise of the right. But the realization of such a risk return is, in a sense, more dependent on the manager himself. The possible flaw of stock option incentive is that if there is no corresponding auxiliary restraint mechanism (hereinafter referred to as "