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本文利用实物期权方法对授权决策的核心问题——授权时机和授权对象的选择——进行了研究。首先分析了授权决策的期权特征,对授权决策中存在的实物期权进行了总结;然后构建了授权决策的实物期权模型,分别计算出了授权决策的期权价值和授权时员工对公司的人力资本价值,由此得出了一个可比性的授权决策标准,即临界业绩水平,从而简化了决策指标,提高了信息的利用率,使企业可以对特质各异的候选人进行准确比较,并分三种授权决策情形分别给出了决策方案,最后基于数值算例作出了进一步的解析。
This paper uses the real option method to study the core issues of authorization decision - authorization opportunity and choice of authorized object. Firstly, the author analyzes the characteristics of the options in the authorization decision and summarizes the real options existing in the authorization decision. Then, the real option model of the authorization decision is constructed, and the option value of the authorization decision and the value of the employee’s human capital to the company , Which leads to a comparability of the decision-making authority criteria, that is, the critical performance level, which simplifies the decision-making indicators and improve the utilization of information, so that enterprises can have different characteristics of different candidates for accurate comparison and divided into three Decision-making scenarios were given respectively decision-making options, and finally made further analysis based on numerical examples.