For the mess brought by the ESO plans of corporation, relevant persons pay more and more attention to their motives. So, we take the data of listed corporation during 2006-2009 as a sample, and focus on its motives such as executive power, peculiarity and the external surroundings.The analysis finds that power intensity of the executives, the scale of company and liquidity are positively related to the possibility that a corporation introduces ESO plan. We also find that the ownership concentration and financial leverage are negatively related to the probability of ESO plan launched. Just as we expected, the concave relationship between the risk and ESO plan shows that either high or low risk tends to launch ESO plan. According to our research conclusion, we probe into the balance mechanism of ESO interests, and come up with some recommendation of improving mechanism of listed corporation launching ESO in China.