Research On The Employee Ownership Plan Of State-owned Enterprises

With the deepening of reform of state-owned enterprises,"mixed ownership" and "employee ownership" have been hot spots in the reform of state-owned enterprises.It is urgent to study how employee ownership plans affect the value of the company,how to set up the employee stock ownership plan and how to implement the employee stock ownership plan.Most domestic and foreign scholars are studying employee stock ownership plans from an empirical perspective.Few scholars use specific cases to study employee ownership.The case study of employee stock ownership and the particularity of the state-owned enterprise system make the research on these issues very necessary.This paper selects Shanghai International Port Group as the research object,not only providing in-depth analysis on the reasons of its success and deficiency based on the employee stock ownership plan scheme,but also using comparative analysis on implementation effect of employee stock ownership plan of Port Group.By the horizontal and vertical analysis of Shanghai International Port Group,this paper finds that:(1)The employee shareholding plan of the Shanghai International Port Group has increased the company's enterprise value.This employee stock ownership reduces the staff turnover rate,optimizes the structure of the staff,strengthens the cost management,improves the company's profitability,ensures the market share in the fierce competition,promotes the development of the company,and controls risks.(2)The actual performance of the employees' shareholding in the Shanghai International Port Group is not significant enough.Based on the above analysis and research,this paper puts forward some Suggestions for the state-owned enterprise employee stock ownership plan?On the one hand,the government should establish and improve the relevant laws and regulations system,formulate the preferential tax policies for employee stock ownership,and establish the supervision mechanism for employee stock ownership.On the other hand,company should choose the appropriate time,the implementation of employee stock ownership plan,set up specialized agencies to manage employee shareholding,strengthen the management of employee shareholding withdrawal mechanism,properly dealing with employee share dividends and scientific arrangement of employee shareholding in proportion.In-depth analysis of the employee stock ownership plan of Shanghai International Port Group,can accumulate some experience for the reform of the mixed ownership,provide certain reference on "how to",and pave the way for further reform of state-owned enterprises.Therefore,we need to keep exploring and summarizing,so that the employees of state-owned enterprises will develop in practice and improve in the development.