证券公司股权激励机制及方案研究

发布时间：2018-06-07 12:59

本文选题：证券公司 + 股权激励　；参考：《北京交通大学》2013年硕士论文

【摘要】：自1992年我国证券市场成立以来,随着经济的发展,证券市场的规模不断扩大,交易品种不断完善,行业规范逐渐确立,尤其是股权分置改革启动后,证券公司的发展进入了全新阶段。但是,由于我国证券公司治理机制尤其是激励制度的不完善,证券行业的整体激励机制处于不作为状态,不能充分发挥激励机制在现代企业管理中的功能,已经客观上形成了落后的激励方式和蓬勃的发展潜力之间的矛盾,阻碍了我国证券行业的进一步发展。更重要的是,在金融全球化的背景下,证券行业的发展桎梏会在很大程度上影响到了国家金融体系的安全。所以,对我国证券公司的激励机制的探索,是我国金融事业发展的客观需要,是一个重要的亟需解决的问题。长期以来我国证券公司公司激励机制不完善,激励制度不合理,主要通过薪酬制度和晋升制度实施激励,虽然有一定的效果,但是普遍存在激励手段单一、注重短期效果的问题,导致员工缺乏工作积极性,湮灭了创造性。因此,必须正确认识和充分尊重人力资本对于证券公司发展壮大的价值,建立高效的激励机制,理顺经营权和所有权之间的关系,从而调动经营者的积极性和创造性,实现公司价值最大化。本文以探索证券公司股权激励为主题,结合实践对证券公司股权激励现状和问题进行梳理,并通过案例分析的方式揭示当前证券公司股权激励的成果和障碍,为证券公司股权激励的进一步发展提供借鉴,并在此基础上探索未来证券公司股权激励应加强的方向。
[Abstract]:Since the establishment of China's securities market in 1992, with the development of economy, the scale of the securities market has been continuously expanded, the variety of transactions has been continuously improved, and the industry norms have been gradually established, especially after the reform of split share structure started. The development of securities companies has entered a new stage. However, due to the imperfect governance mechanism of securities companies, especially the incentive system, the overall incentive mechanism of the securities industry is in a state of inaction, which can not give full play to the function of the incentive mechanism in modern enterprise management. The contradiction between backward incentive mode and vigorous development potential has been formed objectively, which hinders the further development of China's securities industry. More importantly, in the context of financial globalization, the shackles of the development of the securities industry will greatly affect the security of the national financial system. Therefore, the exploration of the incentive mechanism of our country's securities companies is the objective need of the development of our country's financial industry, and is an important problem that needs to be solved urgently. For a long time, the incentive mechanism of securities companies in our country is not perfect and the incentive system is unreasonable. The incentive mechanism is mainly implemented through the salary system and the promotion system. Pay attention to the problem of short-term effect, cause employee to lack work enthusiasm, annihilate creativity. Therefore, we must correctly understand and fully respect the value of human capital for the development and growth of securities companies, establish an efficient incentive mechanism, and straighten out the relationship between the right of management and ownership, so as to arouse the enthusiasm and creativity of the managers. To maximize the value of the company. This paper focuses on exploring the equity incentive of securities companies, combing the current situation and problems of equity incentive of securities companies with practice, and reveals the achievements and obstacles of equity incentives of securities companies through case study. It provides a reference for the further development of equity incentive of securities companies and explores the direction that should be strengthened in the future.
【学位授予单位】：北京交通大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F272.92;F832.39

【参考文献】