Research On The Performance Of Wuchan Zhongda's Mixed Ownership Reform

The Third Plenary Session of the Eighteenth Central Committee held in 2013 clearly put forward the need to deepen the reform of state-owned enterprises,and made a clear strategic plan for the reform of state-owned enterprises in the new era,that is,to actively promote the reform of mixed ownership,improve the management system of state-owned assets,promote themodern enterprise system in state-owned enterprises and accurately define the functions of different state-owned enterprises.Over the past five years,the government and relevant departments have issued a number of guiding documents,forming a "1 + N" policy system and reform framework,and the top-level design of state-owned enterprises has been basically completed.The "four reforms","ten pilot projects" and "two hundred actions" are the first exploration,deepening,expanding and accelerating of the reform of state-owned enterprises.The implementation of mixed ownership reform in state-owned enterprises plays an important role in further improving the corporate governance structure and operation mechanism of state-owned enterprises,stimulating the vitality and creativity of state-owned enterprises,and realizing complementary advantages and common development of various ownership systems.Therefore,it is of practical significance to study the impact of mixed ownership reform on the performance of state-owned enterprises.Under the background of mixed ownership reform,this paper chooses Zhongda as a case company to study the impact of mixed ownership reform on the large performance of real estate.It is hoped that through the specific analysis of the case,the concrete practice of mixed ownership reform in state-owned enterprises will be displayed,and the mechanism and effect of its impact on enterprise performance will be found,as well as the existing problems,in order to provide some reference for other state-owned enterprises which have undergone mixed reform.This paper mainly uses case analysis method and comparative analysis method to analyze the case.Firstly,this paper lists and reviews the previous research literature,and combs the property rights theory,principal-agent theory and other theories,which paves the way for the later development of the theory.Secondly,the process and motivation of the case company's mixed ownership reform are elaborated,and the specific situation of the case is explained.Then,some of the traditional financial indicators and non-financial indicators of the case company are compared horizontally and vertically to comprehensively measure and evaluate the economic effects of the mixed ownership reform on the case company.Furthermore,the internal mechanism of mixed ownership reform affecting corporate performance is analyzed in detail,and the logical relationship between mixed ownership reform and corporate performance is clearly demonstrated.Finally,the research results and the Enlightenment of this case are summarized.