满意绩效期权是指当标的资产的价格超过某一固定价格及另一资产价格时,权利持有人有权按其中的较高价格买入标的资产.论文给出了满意绩效期权的解析解、数值解及其对管理人行为的影响,并分析了如何将满意绩效期权应用于投资基金和一般资产组合管理的报酬设计中.
The paper presents Satisfied-performance option, which means that when underlying assets price is above an fixed price and another asset' s price, the option holder has the right to by that asset at the higher price. The paper gives risk neutral pricing formula of satisfied-performance option under no arbitrage condition. Satisfied-performance option can be used not only in mutual fund investment and rewards design of general portfolio, but also in corporate governance.