A Study On Corporate Peformance In The Minxed Ownership Reform Of State-owned Enterprise

According to ‘The CPC central committee's decision on deepening reform of several problems' made by the third plenary session of the 18 th,our country need to develop the mixed ownership economy and improve the enterprise manage systerm,which is the key to the reform of state-owned business.In order to improve the mixed ownership business,on one hand,the state-owned business need to make full use of its advantages to mix with foreign-owned business,Hongkong or Taiwan business,financial business,on the other hand,the state-owned business can also combine with private enterprise.Under the continuous call from government,the state-owned enterprise keep trying the mixed ownership reform,they try their best to bring in the private business and foreign-owned business for reform.The government suggest building the mixed ownership enterprise mixed by the public sectors of the economy and the non-public sectors of the economy.At this time,almost everyone talks about a topic,that is the state-owned capital retreats and the private capital progresses.However,from the perspective of the private-owned business,the reform still need to improve and have many problems need to be solved,for example,several private owned business are afraid of losing control to enterprise and losing beneficial policy during the reform.From the perspective of the state-owned business,they do not want to cooperate with the private owned business,some enterprise just want to throw the inefficient part of whole business to the other enterprise.Facing so many difficulties,the mixed ownership reform do not come up with several operational reform measures,which makes the state-owned enterprise can not reform totally.The theory of this essay is literature research method,case study and theoretical study.At the same time,domestic scholars' research focus on the feasibility and the research method of the mixed ownership reform,which means numerous researches still stay at the macro-theory stage and can not get a real practice.Therefore,whether the suggestion provided by government can improve financial performance of state owned business sitll need to be improved.In order to analyse this topic,this essay chose to ues literature research method,the case method,and theoretical method as well as analyzed the win-win case of Zhongbai Grope and offered several proposals for the other mixed-owned reform.On the basis of reading a large number of domestic and foreign literature,review the history of mixedownership reform,this paper summarized the characteristics of mixed ownership reform,the relationship between the mixed-ownership reform and the performance of enterprise,and the influence of private enterprises on the mixed ownership reform of state-owned enterprises.Then,this paper described the concept of mixed ownership reform and the corporation's performance.Finally,this paper researched the changes of state-owned corporation's performance before and after the mixed ownership reform in the view of Zhongbai Grope..On one hand,non-financial indicators,such as business development strategy and basic management level,shows the change of Zhongbai Grop.On the other hand,in order to analyze the financial indicators,this paper divided the period of 2010-2017 into two parts,the period of 2010-2013 is defined as without reform and the period of 2014-2017 is defined as after reform.The financial indicators includes the capacity of claim paying,capacity of making profits,capacity of operating,capacity of developing and the EVA.Through the analyse,the results shows that Zhongbai Grope's financial indicators perform well,which means this case is the win-win one.This essay supplied five suggestions for the mixed ownership reform.First of all,the state owned enterprise should search the partner for strategy cooperation.Secondly,the state-owned enterprise can hire a experienced professional manager team.Thirdly,the state-owned enterprise can integrate the supply chain and the market resources.Fourthly,the state-owned enterprise can use SOP system.Last but not the least,partner system can encourage the employees.This kind of management not only can consolidate the public ownership economy,but also response the national call.There are two innovative points in this research.On one hand,this essay studied the reform performance,chose the perspective of private-owned enterprise is novel.On the other hand,the case of this essay is special,the private-owned enterprise played two roles,that is investor and strategic partner.This case give the enterprises some enlightenment: Firstly,the state-owned enterprise should treat private enterprise with an open attitude.Secondly,the state-owned enterprise should choose the private-owned enterprise that can invest and cooperate.Through the concrete analysis of zhongbai group,this essay hope that it can supply some instructions for the mixed ownership reform of sate-owned enterprise.