【正文】 s Liaoning province, decades ago. The solider gave the old man a handmade saddle when they bid farewell. The story inspired Nasun to write Carved Saddle, a song that later became one of his most popular numbers. Now, every year, Nasun recruits young singers and dancers for the troupe. The troupe has also designed a new repertoire, which is mostly based on the daily lives of Mongolian people, especially the lives of nomadic families, and has bined contemporary musical elements with folk songs of the region. Haimu, a 25yearold khoomei (a local variant of overtone singing) singer, joined the troupe three years ago. Along with a sixmember band, he performs fast songs and soft ones that he writes－ all while playing the horsehead fiddle.Although I learned the piano since childhood and grew up listening to various kinds of music, to me, the folk music of Inner Mongolia is the root, he says. Performing in remote villages is pleasant. I feel at home on the boundless grasslands, and the warm people there make me feel fulfilled. The first round of spring auction season in Beijing ended last week, but it failed to create much spring in the art market. Although two pieces of Chinese painting fetched more than 100 million yuan, the decline in trading volume and sa le rate showed a downturn this year. In the ―Grand View: Chinese Painting Highlight‖ session at China Guardian 2022 spring auctions, Pan Tianshou’s representative work Eagle, Rock and Flora hit a record auction price of 279 million yuan, while Li Keran’s masterwork Jinggang Mountain fetched million yuan, an unexpected high in recent years. However, the trading volume fells to billion yuan from billion yuan in the same period the year before. The Huangchen 2022 Spring Auctions, which recorded million yuan in total sales, experienced the same. The section number went down to 5 from 12 pared to last year. According to expert Shao Jianwu, the art market did not attract much excitement this year due to the booming stock market and the persistent problems of fery and fake deals. The two pieces of Chinese painting notched up high price this spring due to their own value not due to a revival in the market. The successful transaction of two works with a hammer price of more than 100 million yuan once again confirms that valuable and rare works of high quality always earn the longlasting high price. Chinese painting and calligraphy is still the pillar of the market. However, the overall sales rate has dropped slightly, which reflects the demand for the ordinary auction goods has weakened,‖ said the president of China Guardian’s Hu Yanyan. Besides, the entry of new buyers also makes certain changes to the direction of。s Poly Theater. Their show, titled Ulan Muqir on the Grassland, depicted the history and development of the art troupe. Being from the region allowed me to embrace the culture of Inner Mongolia and being a member of the troupe showed me where I belonged, Nasun, the art troupe39。s performers of the troupe still tour the region39。t have a formal stage. The audience just sat on the grass. Usually, the performances became a big party with local people joining in. For him, the rewarding part about touring isn39。80s. We sat on the back of pickup trucks for hours. The sky was blue, and we couldn39。s Shaanxi province pass through a stop on the ancient Silk Road, Gansu39。6:4142. [20]高巖芳 ,乳業(yè)上市公司市場績效分析 [J].財會通訊 ,2022(9):2125. [21]林霖 ,武迎春 ,上市公司財務數(shù)據(jù)的因子分析 [J].大眾科學 ,2022,(7):3236. [23]熊海斌 ,謝茂拾 ,基于“規(guī)則性不當利益 的經(jīng)理股票期權制度亟需改革 [J].管理世界，2022(9):178179. [24]鐘有兒，馬廣奇 ,中國股票期權激勵的有效性分析 [J].商 業(yè)經(jīng)濟 ,2022(2):6465. [25]Shane A. Johnson, Yisong S. Tian (2022), Indexed executive stock ptions, Journal of Financial Economics 57, p. 3564. [26]David K. Ding, Qian Sun (2022), Causes and effects of employee stock option plans: Evidence from Singapore, PacificBasin Finance Journal 9, p. 563599. [27]Petri Sahlstrom (2022), Impact of stock option listings on return and risk characteristics in Finland, International Review of Financial Analysis 10, p. 1936. 華東交通大學畢業(yè)論文 22 附錄 伊利股份 2022—— 2022年部分財務數(shù)據(jù)如下 年份 利潤總額(萬元 ) 凈利潤 (萬元 ) 資產(chǎn)總額 ( 萬元 ) 負債合計（萬元 股東權益合計（萬元 營業(yè)收入(萬元 ) 每股經(jīng)營現(xiàn)金流（元 2022 2022 2060 2022 2022 370994 2022 2022 2022 年份 利潤總額(萬元 ) 凈利潤 (萬元 ) 資產(chǎn)總額 ( 萬元 ) 負債合計（萬元 股東權益合計（萬元 營業(yè)收入(萬元 ) 每股經(jīng)營現(xiàn)金流（元 2022 2022 2060 2022 2022 370994 2022 2022 2022 股票期權對公司財務績效的影響分析 —— 以伊利股份為例 23 年份 利潤總額(萬元 ) 凈利潤 (萬元 ) 資產(chǎn)總額 ( 萬元 ) 負債合計（萬元 股東權益合計（萬元 營業(yè)收入(萬元 ) 每股經(jīng)營現(xiàn)金流（元 2022 2022 2060 2022 2022 370994 2022 2022 2022 年份 利潤總額(萬元 ) 凈利潤 (萬元 ) 資產(chǎn)總額 ( 萬元 ) 負債合計（萬元 股東權益合計（萬元 營業(yè)收入(萬元 ) 每股經(jīng)營現(xiàn)金流（元 2022 2022 2060 2022 2022 370994 2022 2022 2022 以上數(shù)據(jù)通過搜集伊利股份各年年報，經(jīng)筆者加工整理而完成。會計學學習與論文撰寫期間艱辛與快樂并存，并將伴我一生，永久受益！ 股票期權對公司財務績效的影響分析 —— 以伊利股份為例 21 參考文獻 [1]張中華 ,投資學 [M].高等教育出版社 ,2022. [2]任淮秀 ,投資銀行業(yè)務與經(jīng)營 [M].中國 人民大學出版社 ,2022. [3]聶皖生，股票期權計劃 理論、方案與實務 [M].上海交通大學出版社， 2022. [4]荊新 ,王化成 ,劉俊彥 ,財務管理學 [M]。在此，我要感謝我的導師老師，從論文題目的選定，到論文框架的構架，老師給我提出了可貴的指導建議，這讓我避免了許多彎路。 華東交通大學畢業(yè)論文 20 致謝 在這畢業(yè)論文完成的時刻，回想這近一年多來為論文寫作閱覽文獻資 料、搜集數(shù)據(jù)所做的努力，頗有感觸。由于目前在我國實施股票期權，條件不夠成熟，資本市場不夠完善、法律法規(guī)不夠完善、公司對高管的約束能力不夠健全，所以股票期權對公司財務績效的激勵效果不夠明顯。我國關于股票期權制度的最早嘗試始于 1993 年，發(fā)展于 2022年。以中國石油天然氣股份有限公司為例，該公司2022 年 4 月重組上市以來實行的是固定薪酬、業(yè)績獎金、股票期權三單元模式的薪酬結構，以管理者擔負的責任、管理幅度、單位效益為標準，堅持與業(yè)績指標相掛鉤，這種綜合的激勵形式使企業(yè)價值