经营者持股

本文从企业财务控制系统设计的角度对上市公司经营者持股问题进行了实证研究。

Based on the management control systems design , the paper conducts an empirical research on incentive mechanism of managerial stock ownership in listed companies .

经营者持股：企业家文化的创生动力

Owning Shares by Operators : Creative Force of Entrepreneur Culture

关于中国上市公司经营者持股情况的研究

A Research about the CEOs Stock-holding of Chinese Com-pany

代理理论认为经营者持股与公司绩效存在正相关关系，但这种相关关系并没有在以往的实证研究中全部得到证实。

Agency theory posits a positive relationship between insider ownership and organizational performance .

通过对案例的描述和分析，帮助读者更好地理解经营者持股的成功关键因素。

It will also help the readers to understand the key successful factors in MSH .

经营者持股在我国国企改革中的作用及实践

The Practice and Function of the Stock Option for the Reform of the State-owned Enterprises

关于我国上市公司经营者持股来源的思考从国企内部结构的完善看持股职工利益保护

On the Sources of Managers ' Holding Shares in Listed Companies in China The protection of the workers holding shares in the reformed state-owned enterprise

其中经营者持股具有最强的激励功能，有利于改善公司绩效和提升公司价值；

And , the operator-owned stock has the strongest motivated function , and is advantageous to improve the enterprise achievements and promote the enterprise value ;

由于剩余索取权的激励效应，经营者持股越多，企业的经营效益越好。

Due to the excitation effect of residual claim , the more shares the operators hold , the better the effect of the enterprise operation profit .

应增加债务融资、提高经营者持股份额和扩大股利支付比例，以实现相关利益主体的价值最大化。

The paper holds that debt financing and shareholding rate and dividend proportion for payment should be increased to realize the value maximization of relevant benefit main bodies .

本研究首先利用前人的文献结论，从理论上推论出命题：经营者持股制度对管理者的盈余管理动机和行为可以起到一定的抑制作用。

It has firstly cited the existing results in literality and founded the topic : the management holding stock system can influence the motive and behavior of earning management .

最关心的利益要求是提升人力资本；其次是组织气氛与人际关系、仕途升迁、股票期权或经营者持股、人身安全保障、工作环境与条件；

Their most concern was to promote human capital , then were organizational atmosphere , human relationship , position promotion , stock option , safe of life and work environment .

对我国员工持股的发展历史与特征进行了总结，把我国员工持股制度归结为股份合作制、员工持股公司制与经营者持股三种表现形式，对各自具有代表性的案例进行了介绍。

Based on those analysis , I conclude that ESOP has three expressional forms , which are stock cooperation , employee holding company and administrator holding , introduce representative cases of each type .

实行经营者及员工持股和股票期权的激励约束机制。

Develop Manager-Buy-Out ( MBO ) and stock option for boosting effective stimulation and restriction mechanism .

本文的研究结论表明：山东省国有上市公司经营者的激励主要有年薪制和经营者持股两种方式。

The conclusion of this article indicated : The main incentive method to state-owned executive in Shandong province is annual salary operator holding two ways .

笔者归纳分析出自然人股东参与经营监督、经营者持有不同比例股权（期权）、股东介入与经营者持股相结合三种突破委托代理瓶颈问题的模式。

The author summarized the shareholders participate in the operation of the supervision of a natural person , the operator holds a different proportion of shares ( options ), shareholders holding with the operators involved in the combination of the three break model agency bottlenecks .

若两个企业经营者的道德风险程度相同，则风险厌恶程度高的经营者持股比例较小。

Or if moral hazard of two managers ' holding shares are the same , the one whose risk-aversion is higher has less proportion of holding shares .