Title :
A Study on Incentive of Innovation Talents of S&T Based on Indexed and Relative Stock Option Exercise Price
Author :
Xu, Rong-Zhen ; Tan, Bai-Hong
Author_Institution :
Tianjin Univ. of Sci. & Technol., Tianjin
Abstract :
Incentive mechanism of stock option, which pursues tacit unite, is widely adopted to compensate innovation talents of S&T for their innovative activities, which are complex and uncertain, But there are thee uncontrollable factors, which can introduce incentive distortion, exist in the incentive chain between the performance of innovation talents and stock price raise. An indexed and relative stock option exercise price model based on relative performance, which brought the idea of performance rating in stock option incentive design, was given in this paper.
Keywords :
incentive schemes; innovation management; pricing; stock markets; incentive distortion; incentive mechanism; indexed stock option exercise price model; innovation talent; relative stock option exercise price model; Contracts; Cybernetics; Ethics; Fluctuations; Hazards; Innovation management; Investments; Machine learning; Stock markets; Technological innovation; Indexed; Innovation talents of S&T; Relative performance;
Conference_Titel :
Machine Learning and Cybernetics, 2007 International Conference on
Conference_Location :
Hong Kong
Print_ISBN :
978-1-4244-0973-0
Electronic_ISBN :
978-1-4244-0973-0
DOI :
10.1109/ICMLC.2007.4370153
