We inquire into the application prospect of stock option and point out that not the efficiency of capital market but the ownership structure of the listed company may weaken the incentive effects of stock option in China.
We inquire into the application prospect of stock option and point out that not the efficiency of capital market but the ownership structure of the listed company may weaken the incentive effects of stock option in China.
中国上市公司引入股票期权制度的最大顾虑不是资本市场的弱有效，而是上市公司的所有权结构有可能导致激励机制扭曲。