The Study On The Stock Options Of Listed Companies

Under the instruction of modern financial accounting theory, this thesis mainly makes a profound study on the definition, theoretical basis, and forms of the stock options, with the research methods of positive and normative analysis. The thesis also concludes the stock options implementation of the listed companies, and then compares the foreign and our countries'accounting dealing methods. After the legislations on stock options are released, the real stock options are put into practice, and stimulations are becoming more standardized. In this way, the profit and achievements of the company would be improved, and the dual-success between the shareholders and key personnel in the company will be achieved. This thesis contains five chapters:The first chapter is an introduction of the whole thesis. It mainly introduces the thesis'study background, line and content. In this chapter, we can learn that the stock options may enhance the connection of the higher managers'compensation and the long-term development of the company. The stimulations on dealing with the client-agent relationship have been implemented for a long time in western countries. Although there are some rudiments of stock options before, the real stock options and its environment become mature after the reform of ownership of stock options.The second chapter mainly discusses the definition, and theoretical basis, and forms of the stock options. In the process of the definition introduction, the author starts with the definition of the options, and then differentiates stock options with options stock. At last, a definite interpretation of stock options is stated in this chapter.In the third chapter, a case study on the stock options of listed companies in our country, with the positive method. In the beginning part, the practice of stock options is introduced. A time line is set, which is the year of 2006. The author discusses the difference of practice on stock options before and after 2006. The second part makes a statistic analysis on the 23 stocks which are included in the stimulation plan.The fourth chapter mainly discusses the accounting dealing methods on the stock options. At first, the brief introduction of American dealing methods and history on the stock options is stated. Then the author introduces various kinds of dealing methods on the stock options in our country.The last chapter introduces some items of implementation of stock options. According the studies and reports gathering, we could find that there were some arbitrary rules in American stock options practice. In this way, some operators use the inner information to control the stock prices in order to maximize their benefits. Therefore, the author suggests that we should enhance the transparency of the future development of company's achievements. And it is necessary to release the stimulation plan on stock options at the right time. Besides, a compensation system is needed to construct an appropriate assessment. At last, the punishment on price-control should be set up, in order to make a long-last sounded environment of stock options implementation.This thesis has some characteristics compared with the former study on this subject, including the content, the study vision and the study methods. There are few studies on stock options after the new rules were released, never mention the study on application of the stock options with the positive methods. Although some points of view are not mature, the author wants to make some contributions to the development of the stock options in our country..