| 股票期权计划行权价的博弈分析 |
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| 引用本文： | 吴立扬,刘晓婕.股票期权计划行权价的博弈分析[J].武汉理工大学学报(交通科学与工程版),2006,30(2):336-339. |
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| 作者姓名： | 吴立扬 刘晓婕 |
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| 作者单位： | 武汉理工大学管理学院,武汉,430063 |
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| 摘 要： | 分析了股票期权计划行权价在确定时，存在着激励效用不足、忽视高级管理人员的真实努力程度及缺乏约束等诸多问题．运用博弈论，拟定了股票期权定价博弈的基本思路．在股票期权定价博弈分析时，探讨了通过一次博弈与重复博弈合理确定股票期权计划中的行权价，并进行了实例分析．
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| 关 键 词： | 股票期权计划 行权价 一次博弈 重复博弈 |
| 收稿时间： | 2005-11-12 |
| 修稿时间： | 2005年11月12 |
Analyzing Exercise Price of Stock Option Plan based on Game Theory |
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| Wu Liyang,Liu Xiaojie.Analyzing Exercise Price of Stock Option Plan based on Game Theory[J].journal of wuhan university of technology(transportation science&engineering),2006,30(2):336-339. |
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| Authors: | Wu Liyang Liu Xiaojie |
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| Institution: | Management School of Wuhan University of Technology, Wuhan 430063 |
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| Abstract: | Many problems in determining the exercise price of stock option plan are analyzed in this paper, such as insufficient incentive effect, ignorance of the true effort extent of senior managers and lack of restriction. The basic roadmap of stock option pricing for gaming are studied through game theory. The reasonable exercise prices of stock option plan through single game and repeated game are discussed and an example is presented. |
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| Keywords: | stock option plan the exercise price single game repeated game |
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