Research Of Restricted Stock Incentive

Equity incentive is a method to resolve the principal-agency relationship between shareholders and entrepreneurs. As a kind of ownership incentive, restricted stock is widely applied through listed companies of foreign countries. In terms of contract theory based on assets right theory,the nature of ownership incentive is to make the residual claimes are matched to the residual rights of control. The best incentive effects is achieved.This text is about the research of restricted stock incentive,and the pupose is to analyse the risks of restricted stock incentive and guard against the risks. This text mainly has five part of composings:The first part is a preface. The introduction of restricted stock puts forward and the meaning of studies, the overview study with theories and substantial evidenceses concerning the equity incentive at home and abroad, and textual research way of thinking, method.The second part is the theories of restricted stock. The definition of restricted stock ,the main context of restricted stock system,the effect of restricted stock, the differentiation between restricted stock and stock option,and the meaning of adoption of restricted stock incentive system.The third part is the fulfillment research that the domestic and international restrict stock incentive , analyzing the output background of the western restrict stock incentive system and the present condition, the system design...etc.,and introduction just start the fulfillment that the domestic restrict stock incentive currently.Four-part cent is an analysis of restricted stock plan of Wanke companies. Detailed introduction the output background, process, contents, succeed experience and existent problem of Wanke's restrict stocks incentive plan.The fifth part is the risk of the restrict stock incentive and how to guard against. The point analyzed the current laws,policies to the norm and influence that the restricted stock incentive. Combining a few restricted stock plans of listed company,analyse the difference bitween the plans and policy,possible output morals risk,and put forward some suggestion that guards against the risk.