Research On Performance Of Employee Stock Ownership Plan Under The Background Of Mixed Owership Reform ——A Case Study Of Shanghai International Port Co.Ltd

With the birth of the concepts of "global village" and "global community of shared future",people pay more and more attention to the sustainable development of enterprises and the important role of talents in enterprise development.China advocates the implementation and issues relevant policies to improve the "pyramid" ownership structure dominated by minority shareholders of state-owned enterprises and build an "employee enterprise" interest community,enrich the channels for employees to realize personal value,and stimulate the internal vitality of sustainable development of the enterprise.Based on the macroscopic background of mixed ownership reform in the socialist economic environment with Chinese characteristics,this paper expounds the related concepts of the theme of the paper,and analyze the development about ESOP history and present situation from three aspects: property rights theory,sharing theory and incentive theory.By studying the development status and future development potential of mixed ownership reform and employee stock ownership plan,and using quantitative analysis and comparative analysis of four aspects.The paper analyzes the impact of secondary market trading activities in the perspective of the market,and analyzes employee sales rate,shareholding employee income and employee contribution in the employee dimension.Combined with the analysis results,development suggestions are put forward.The conclusions can be drawn as follows: first,the content of the scheme is feasible: the formulation and implementation of the scheme consists of internal and external motives such as policy orientation,promotion of industry transformation,group financing needs,strengthening employees’ sense of belonging and so on.The whole implementation process of the plan is standardized,rigorous,humanized and transparent,with certain progress.Second,the market responded positively: the reform succeeded in driving up the stock price and effectively increasing market activity.Third,achieve win-win incentive effect: employees obtain equity sharing rights through shareholding,enrich income channels and improve personal comprehensive income.This not only reduces the economic pressure and enhances the sense of belonging of employees,but also reduces the sales rate of employees,alleviates the brain drain of enterprises,and employees’ contribution to the enterprise is also increasing.Continuous positive impact: the plan makes the equity structure of the port group more reasonable and optimizes the capital structure.When implementing the employee stock ownership plan in the future,the mixed reform enterprises can focus on five aspects: improving the proportion of employee stock ownership,enriching the channels to absorb funds,establishing and improving relevant laws and regulations,improving the legal environment,improving the equity transfer and exit mechanism,and encouraging the long-term and normalized implementation of the employee stock ownership plan of state-owned enterprises.At the same time,it lays a scientific theoretical basis for "why to implement the mixed ownership reform of Employee Stock Ownership Plan",and it has reference value for the research in the related direction of this research topic.