Research On The Motivation And Effect Of Private Enterprise Reform Under The Background Of Reverse Mixed Reform

Nowadays,various departments of the state have continuously implemented two-way reform measures to complete win-win cooperation between enterprises of different nature due to the development of mixed ownership reform.How to improve the efficiency of management and maintain the innovation vitality of different kinds of enterprises are all issues worthy of attention while in the process of reform.Recently,the state has introduced a series of measures to promote further high-quality economic development while many private enterprises are facing problems affecting normal operations and future development of the company with the improvement of the market economy system and the reform of the country’s supply-side,such as insufficient working capital,hindered financing,difficult strategic transformation,changes in the production and operation environment,and tightening of regulatory policies.Based on this background,more and more private enterprises choose to implement nationalization reform,hoping to bail out through state-owned enterprises.On the one hand,the behavior of state-owned enterprises choosing to join private enterprises actively responds to national policies and reflects the corporate social responsibility;On the other hand,private enterprises participating in reverse ownership reform through different ways such as equity transfer,voting right entrustment,and introduction of strategic investors can not only inject vitality into the production and operation of enterprises,but also drive the economic development of state-owned enterprises and achieve win-win results.This paper selects Lummy Pharmaceutical Co.,Ltd as the research object which is in pharmaceutical industry,using several kinds of method to analyze the motivation and effect of Lummy Pharmaceutical’s selection of Zhongheng Group to complete the reform,aiming to provide new perspectives and suggestions for enterprises that choose reverse reform.In recent years,the pharmaceutical industry doesn’t promote marketing blindly,the level of core competitiveness of each enterprise will have a greater impact on its production and operation,reputation,market scale,etc.,how to achieve long-term interests through reform research has certain practical significance under the specific situation.Based on the case of Lummy Pharmaceutical’s selection of Zhongheng Group to complete the reform,this paper first summarizes and analyzes the research on different aspects of the reform of private enterprises such as the motivation,holding path and effect research of different scholars,explains and sorts out the proper nouns mentioned in the paper and the theories that need to be used,and analyzes the framework of the reform of private enterprises.Secondly,taking the completion of the reform of Lummy Pharmaceutical as an example,the basic situation involving the company is introduced and the specific steps of the reform are sorted out.Thirdly,it analyzes the motivation of the two-way selection of the two companies,and analyzes whether the performance of Lummy Pharmaceutical and Zhongheng Group before and after the reform is in line with expectations.The analysis found that after the reform of Lummy Pharmaceutical,the separation of responsibilities of the company was more obvious,the governance ability was significantly enhanced.The cumulative excess yield of Lummy Pharmaceutical’s stock during the window period was always positive which suggests a satisfying response;Several performance indicators have improved significantly,and the existing strategic initiatives are in line with long-term planning and represent the public interest;Through acquisition,Zhongheng Group completed the basic goal of enterprise and further expanded its industrial structure.Finally,the paper summarizes the effects achieved by Lummy Pharmaceutical’s reform,such as achieving short-term performance improvement,optimizing the corporate governance structure,exerting synergies,etc.,and makes suggestions,including the necessity and importance of private enterprise reform,the need to pay attention to resource integration in reform,promoting reverse mixed reform,strengthening system construction,etc.,hoping to provide reference for other companies that want to complete the reform in a similar way.