股权激励最早源自美国,其设计的初衷是想解决经理人的短期利益与股东长期价值追求之间的矛盾,让经理人关注股东的利益,解决信托中的道德风险。股权激励这一做法自上世纪80年代推出之后迅速流行,也随之造就了大批的经 The earliest equity incentive was originated from the United States. Its original design idea was to solve the contradiction between managers’ short-term interests and shareholders’ long-term value pursuit, to let the managers pay attention to the shareholders’ interests and solve the moral hazard in the trust. Equity Incentives This approach has gained popularity since its introduction in the 1980s and has resulted in a large number of