摘要
根据SNA2008建议将雇员股票期权作为雇员报酬处理,2017年发布的《中国国民经济核算体系(2016)》中也正式将雇员股票期权纳入国民经济核算范围,但至今尚未发布具体数据。基于此,本文以Cvitani’c等(2008)提出的融入了雇员股票期权主要特征的雇员股票期权定价模型为基础,结合我国股票期权附带业绩条件的分期执行模式,以沪深两市A股上市公司的数据为例,科学核算了2006-2018年我国各年份以及各行业的雇员股票期权价值。结果显示,从全国层面看,我国雇员股票期权价值总体上呈现快速增长趋势,年均增速为41.48%;从行业层面看,雇员股票期权价值集中特征明显,制造业,信息传输、软件和信息技术服务业和房地产业的雇员股票期权价值合计占全部行业的比重超过80%。结合实际核算过程中遇到的难点,本文提出了我国开展雇员股票期权核算需完善会计制度与统计制度的相关建议。
According to the recommendation of treating employee stock options as employee remuneration in SNA2008,the employee stock option is formally included in the National Accounts of China 2016 issued in2017,but no specific data has been released so far.Based on the pricing model of employee stock options proposed by Cvitani’c et al.(2008),combined with the phased execution model of performance conditions attached to stock options in China,and taking the data of A-share listed companies in Shanghai and Shenzhen stock markets as an example,this paper scientifically calculates the value of employee stock options in 2006-2018 by year and industry in China.The results show that at the national level,the employee stock option value in China generally shows a rapid growing trend,with an average annual growth rate of 41.48%.At the industry level,the employee stock option value is obviously concentrated;manufacturing,information transmission,software and information technology service industry and real estate industry account for more than 80%of the total value.Considering the difficulties encountered in the actual accounting process,this paper puts forward some suggestions that the accounting system and statistical system should be improved in order to carry out employee stock option accounting in China.
作者
徐映梅
陈树德
Xu Yingmei;Chen Shude
出处
《统计研究》
CSSCI
北大核心
2020年第2期26-36,共11页
Statistical Research
