The Motivation And Effect Of Mixed Ownership Reform Of J Group

As an important part of China’s national economy,state-owned enterprises play an important role in promoting China’s economic development and socialist modernization.However,state-owned enterprises also have some disadvantages,such as low efficiency,loss of assets,lack of innovation ability,corporate governance structure chaos.Therefore,it is necessary to fully reform state-owned enterprises,and the mixed ownership reform of stateowned enterprises is an important measure to deepen the reform of state-owned enterprises.Taking J Group as the research object,this paper analyzes the motivation and effect of mixed reform in state-owned enterprises.J Group,a state-owned enterprise directly under the People’s Government of Guangxi Zhuang Autonomous Region,is one of the fourth batch of enterprises to implement mixed-ownership reform,which began in 2020.As J Group is the first state-owned construction enterprise in Guangxi to carry out group-level mixed ownership reform,its implementation of mixed ownership reform has a strong demonstration significance,which may become a demonstration of state-owned enterprise reform in Guangxi,driving the pace of state-owned enterprise reform in Guangxi to accelerate,and its effect of mixed ownership reform has also been widely concerned.Taking J Group as the research object,this paper makes an in-depth analysis of the case from the aspects of motivation,path and effect analysis of its mixed ownership reform,and summarizes the conclusions and enlightenment brought by the case.The relevant main research contents are detailed as follows:First,this paper introduces the related concepts of mixed ownership reform and theoretical basis,and J group of mixed ownership reform focuses on the case study,combined with J group of mixed ownership reform background and general situation of the enterprise,from the external factors and internal factors,analyzes the reason of mixed ownership reform,at the same time illustrates the concrete implementation of J group of mixed ownership reform mode: Introducing strategic investors,core employee stock ownership plans and reorganizing the board.Secondly,through the traditional financial index method,factor analysis method and EVA economic added value analysis method,the influence of the mixed reform on the financial performance of J Group is quantitatively analyzed,and then the influence of the mixed reform on the corporate governance and operation management of J Group is analyzed.Finally,based on the comparison of various operational indicators before and after the mixed ownership reform of J Group,the motivation and effect of the mixed ownership reform of J Group are summarized,and the relevant research conclusions and enlightenment are summarized.Relevant research results show that J group has achieved the following preliminary results after the mixed ownership reform :(1)Financial performance has been improved,but attention should be paid to balanced development;(2)Corporate governance has been improved and the industry has achieved multi-dimensional development;(3)To enhance their profitability and effectively relieve the pressure of capital.(4)To deepen cooperation with investors and improve the competitiveness of the industry.At the same time,the demonstration case can also provide reference for the mixed ownership reform of other stateowned enterprises in the following aspects :(1)give play to the incentive mechanism to promote the development of enterprises;(2)Fully integrate resources to make the main business better and stronger;(3)Reduce government intervention and realize high-quality mixed reform.