高管股权激励被视为提升上市公司经营业绩的长效机制。但是,该机制能否显效,关键在于法律制度、监管环境以及上市公司自身治理结构的完善。早在第二批股权分置改革试点中,韶钢松山、中化国际、中信证券、金发科技等7家上市公司的股改方案就“捆绑”推出了针对公司高管的各种股 Executive equity incentive is seen as a long-term mechanism to enhance the operating performance of listed companies. However, whether the mechanism can be effective, the key lies in the legal system, the regulatory environment and the improvement of the governance structure of listed companies themselves. As early as the second batch of non-tradable share reform pilot projects, the share reform plans of 7 listed companies, including Sinosteel Songshan, Sinochem International, CITIC Securities and Blonde Technologies, introduced the various stocks