Study On The Employee Stock Ownership Plan Based On State-owned Shares Lessening

This thesis dwells on the Employee Stock Ownership Plan. On the basis of marking comparison, it summarizes theoretically the concept, characteristics, nature and functions of the ESOP. Combining State-owned shares lessening, it expounds the significance of reestablish the ESOP of China and how to innovate this institution from various points of view. In this system, this paper probes into the police propose and the operate project.The paper includes five parts:Part 1 dwells firstly on the produce of the ESOP, then through the expounds of five theories to explain the rational and necessary of the ESOP . these theories are the theory of double-unit economics, the theory of property right, the theory of human capital, the theory of institutional economics, the theory of share economics.Part 2 defines a number of important theoretical problems about the ESOP of USA for the sake of understanding and grasping it. Then summarizes the varieties, operate frameworks and functions of the ESOP of USA ,researches into its character and system causes. On the basis of this, this part appraises and reflects it.Part 3 dwells firstly on the history of ESOP that develops in China. Then by making comparison with the American ESOP, the thesis analyses the problems of ESOP which exist in the company. Secondly, the thesis expounds theinfluence and the function of ESOP for the company from four aspects including the reform of social security system, enterprises' property right, the regulation of economic distribution, the governance of the company and so on.Part 4 make a research by combining the ESOP and the State-owned shares lessening. In the first place, the author puts forward that now State-owned shares lessening is a feasible program by introducing the status quo of State-owned shares lessening. In the second place, the author draws a conclusion that ESOP has positive influences on the State-owned shares lessening and the establishment of social security system, the property right promoting, the reform of enterprise governance. At last, the author wants to prove that ESOP can bring many satisfactory results for State-owned shares lessening.Part 5 based on the discussion above, analyses the problems and difficulties facing with us when putting ESOP into practice and gives his countermeasures. At last, the author reminds us to key an eye on the ESOP and State-owned shares lessening are implemented at the same time.