摘要
本文结合《企业会计准则第11号——股份支付》的相关规定,以伊利股份为例研究股权激励费用化的会计处理及其经济后果。研究结果表明,股权激励的费用化将对上市公司的业绩产生影响,且股权费用摊销集中程度的不同,对公司产生的影响也不同。股票市场对股权激励费用化的会计处理及公司业绩的变化有负向反应,而且反应的程度与激励费用对公司业绩的影响成正比。同时股权激励设计有福利之嫌,股权激励费用化的会计处理有可能导致上市公司修改其股权激励的方案。
This paper discusses the accounting treatment of expensing stock option incentives and its economic consequences according to the Accounting Standard for Business Enterprises No.11—Share-based Payment,by analyzing the case of Yili Industrial Group.We find that expensing stock option incentives can influence the company performance.The intensity of amortizing can influence that effect.The market has negative reaction to the expensing stock option incentives and the change on the company performance.The extent of the reaction is directly related to the expensing effect on the performance.Meanwhile,stock option incentives may be seen as increased welfare,and the accounting treatment of expensing stock option incentives may cause companies to alter the stock option plans.
出处
《会计研究》
CSSCI
北大核心
2009年第5期53-61,共9页
Accounting Research
基金
国家自然科学基金项目(70572029
70632002
70872022)
教育部新世纪优秀人才培养计划
