We can say how to understand executive stock option system fully , and how to merger this system with the company manages structure effectively , become a rather urgent and important task 可以说，如何充分理解经理股票期权制度，如何将这个制度有效的整合到我国企业的公司治理结构当中，就成为一项颇为紧迫和重要的任务。
Effectiveness of eso in modern corporations can be concluded into three points : reducing agency costs . correcting managers " shortsighted mentality , enhancing cohesive force of the corporation 现代企业实施经理股票期权制的主要效果可归纳可体现为三点，一是降低了代理费，二是纠正经理人的短视心理，三是增强企业的凝聚力。
The dissertation sums up the details of the eso executions both in chinese and foreign countries , conducts a deep and delicate analysis and brings up the necessity and possibility for the execution of the eso 本文总结了经理股票期权制度在国内外的实施情况，进行了深入细致地比较，分析了我国实施经理股票期权计划的必要性和可行性。
However , there are many problems in executive stock option . for example , there is obstacle about people consciousness and law , which weaken long inspiration effect of executive stock option 但我们可以发现经理股票期权的实施存在很多问题，比如说人们意识障碍和法律法规障碍等，这些从不同程度上削弱了经理股票期权的长期激励效果。
Based on agent theory and property rights theory of human capital , eso claims its own necessities because traditional rewards system cannot meet the needs of stimulation in the long run 作为一种长期激励机制，经理股票期权的理论基础是代理理论和人力资本产权论，其产生的诱因在于传统的薪酬结构无法提供解决代理问题所需要的长期激励。
