Reward encouragement bond is an important means to solve "encouragement incompatibility" be-tween the trustor and the operator, while its essence is to choose the scientific and rational achievement evaluationindex.

The effective reward contract is the best motivity that the owners encourage the managers.

The Research on the Management Incentive Compensation Contract of Listed Company;

The paper uses game theory to build a compensation contract model, and emphasizes the comparative statics of effects of changing environments on compensation designs, it gives some useful results.

To design an effective incentive compensation contract so as to stimnlate the agent s proper behavior is the major content of corporate governance,while the board and the arrangement of relevant institution is the key to the healthy work of compensation contract.

Analyses on Design of Payment Contract and Encouraging Intension of Managers;

The anylysis of the choice of performance evaluation standard in managers payment contract;

To research and design the phantom stock option incentive mechanism based on the establishment of the best payment contract considering the fairness preference,and put forward new ideas of the study and design of the incentive mechanism for the corporations.