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文章通过建立博弈模型,研究了目前虚拟股票激励模式存在的不足,指出上市公司存在较高的市盈率导致理性的中小企业经理人不愿意付出附加努力,因此在中小企业中实施股票期权激励制度并不能达到理想的博弈均衡。最后,文章提出了解决的方案。
By establishing a game model, the article studies the deficiency of the current virtual stock incentive model, points out that there is a high price-earnings ratio in listed companies, which leads to rational SMEs managers who are unwilling to pay additional efforts. Therefore, the implementation of stock option incentive system in SMEs can not Achieve the ideal game equilibrium. Finally, the article proposed solutions.