I西北大学硕士学位论文 II 摘要 股权激励是企业为了激励和留住核心人才推行的一种长期激励机制，是目前最常用 的激励员工的方法之一。股权激励是从西方国家起源的，兴起时间较早，发展的时间也 较长。从目前的情况来看，全球 500 强企业基本上都纳入了这一激励方式。股权激励是 在上世纪九十年代进入到我国的，相对来说起步是比较晚，相对发展也是未成熟现状， 尤其是在民营企业里，股权激励的意识是比较淡薄的。随着社会的经济发展，我国民营 企业逐渐重视股权激励，逐步实现股份制改造，从而股权激励的需求也体现的更加明显， 民营企业股权激励方案的设计成为当前企业管理中的一个重点，但是很多民营企业的股 权激励设计的不合理，最终导致股权激励失败，没有很好的激励员工，从而影响了企业 的发展。 本文重点研究新东方教育科技集团管理层的股权激励，通过对国内外文献进行学习 和总结，结合新东方教育科技集团的现状和股权结构，分析新东方管理层股权激励的问 题，进一步设计了相关优化股权激励措施，为上市公司打好人才基础，打通人才通道。 并且针对股权激励的实施进行了监督措施的设置和预测，以保障能够有效公平的实施。 本文通过六个章节对新东方教育科技集团股权激励进行了研究，主要特色的部分有 两点，一、本文的主题有一定的研究空间，关于中层管理者和基层管理者股权激励方面 目前研究部分还留有空白，是一个研究空间较为宽广的领域，本节结合文献分析法、统 计分析法、案例分析法针对这一留白领域进行研究，希望能给未来新东方教育科技集团 完善股权激励方面提供参考，同时给将来需要研究相同领域的学者提供参考和支持。二、 本文运用激励理论，通过进行新东方教育科技集团内部股权激励研究，再挖掘管理层真 实有效需求，充分发挥激励理论的作用，并发挥最大的股权激励空间，以满足的企业的 发展愿景。 关键词，上市公司， 股权激励， 虚拟股票期权， 民营企业ABSTRACT III ABSTRACT Equity incentive is a long-term incentive mechanism implemented by enterprises in order to motivate and retain core talents. It is one of the most commonly used methods to motivate employees. Equity incentive is originated from the western countries, the rise of an earlier time, the development of a longer time. From the current situation, the global 500 companies are basically included in this incentive. Equity incentive was introduced into China in the 1990s. It started relatively late and its development is relatively immature. Especially in private enterprises, the awareness of equity incentive is relatively weak. With the economic development of the society, our country private enterprise equity incentive has gradually, gradually realize the shareholding system reform, and the demand of the equity incentive is more obvious, the private enterprise equity incentive plan design become a focus in the current enterprise management, but many of the private enterprise equity incentive design unreasonable, eventually leading to failure equity incentive, not a very good incentive employees, thus affecting the development of the enterprise.This article focuses on new Oriental education technology group management equity incentive, based on the literature study and summarized at home and abroad, combining the current situation of the new Oriental education technology group and equity structure, analysis of the new Oriental management equity incentive problems, further design the optimization related to equity incentives, for listed companies play the talent base, channel through talents. In order to ensure the effective and fair implementation of the equity incentive, the supervision measures are set up and forecasted.Six chapters in this article, through studied the new Oriental education technology group equity incentive, there are two main characteristics of: a, the topic of this article has a certain research space, about the middle managers, and first-line managers equity incentive in the present study part is left blank, is a research space is relatively broad areas, this section combined with literature analysis, statistical analysis, case analysis, the study on a white field, the hope can give the future new Oriental education technology group provides reference of perfect the equity incentive, at the same time to need in the future research in the field of the same scholars to provide the reference and support. Second, this paper USES incentive theory to study the internal equity incentive of new Oriental education & technology group, and then excavates the real and effective needs of the management, giving full play to the role of incentive theory, and giving full play to the equity incentive space to meet the development vision of the enterprise. Keywords: Listed company, Equity incentive, Virtual stock option, Private enterprise西北大学硕士学位论文 IV 目 录 摘要...................................................................................................................................I ABSTRACT..................................................................................................................... III 目 录................................................................................................................................IV 第一章 导论...................................................................................................................... 1 1.1 选题背景与意义...................................................................................................... 1 1.1.1 研究背景.......................................................................................................... 1 1.1.2 研究意义.......................................................................................................... 4 1.2 研究方法.................................................................................................................. 5 1.3 研究内容与框架...................................................................................................... 5 第二章 相关理论概述与国内外文献综述...................................................................... 8 2.1 相关理论概述.......................................................................................................... 8 2.1.1 委托代理理论................................................................................................... 8 2.1.2 人力资本理论................................................................................................... 8 2.1.3 激励理论........................................................................................................... 9 2.1.4 股权激励常用模式概述................................................................................... 9 2.2 国内外文献综述.................................................................................................... 10 2.2.1 国外文献综述................................................................................................. 10 2.2.2 国内文献综述.................................................................................................11 第三章 新东方教育科技集团现状及股权激励分析.................................................... 13 3.1 新东方教育科技集团概况.................................................................................... 13 3.1.1 新东方教育科技集团概况............................................................................. 13 3.1.2 新东方教育科技集团的股权结构................................................................. 14 3.1.3 新东方教育科技集团的组织结构................................................................. 16 3.1.4 新东方教育科技集团的财务情况................................................................. 17 3.1.5 新东方教育科技集团现状分析..................................................................... 17 3.2 新东方教育科技集团股权激励分析.................................................................... 18 3.2.1 新东方教育科技集团管理层离职现象概述................................................. 18目 录 V 3.2.2 新东方教育科技集团管理层股权激励现状 .................................................20 3.2.3 新东方教育科技集团管理层股权激励的问题分析 .....................................20 3.3 新东方教育科技集团实施股权激励的必要性 ....................................................25 第四章 新东方教育科技集团管理层股权激励的方案设计...