Many problems in determining the exercise price of stock option plan are analyzed in this paper, such as insufficient incentive effect, ignorance of the true effort extent of senior managers and lack of restriction.

• 摘要分析了股票期权计划行权价在确定时，存在着激励效用不足、忽视高级管理人员的真实努力程度及缺乏约束等诸多问题。