Research On Consequences Of Introducing Strategic Investors In The Reform Of State-owned Enterprises

State-owned enterprises play an important role in the market economy.In order to promote the healthy development of state-owned enterprises better and stimulate the vitality of state-owned enterprises,the Chinese government actively encourages state-owned enterprises to adopt multiple modes of mixed ownership reforms,such as employee stock ownership and the introduction of strategic investors.,debt-to-equity swaps,etc.In order to have a deep understanding of the mixed ownership reforms introduced by state-owned enterprises through the introduction of strategic investors,we hope that the introduction of strategic investors can be positively promoted by exploring the reasons for the introduction of strategic investors for the mixed ownership reform,the specific motivations,and the analysis of economic effects.The development of state-owned enterprises has negatively inhibited the development of state-owned enterprises.Based on the above research background and research objectives,this article takes NAVinfo,a state-owned company,to introduce a strategic investor,Tencent,as an example to fully discuss the specific motives and economic consequences of Nav Info's introduction of strategic investors in order to introduce strategic investors for other companies.Provide some reference and reference.This article first elaborated the background and reform significance of Nav Info's new mixed ownership reform,combined the theoretical basis of entrusted agency relations,strategic alliances,etc.,and reviewed the research status of introducing strategic investors or institutional investors at home and abroad.Based on the above theoretical basis and the background of the incident,the new Nav Info's operating status and development strategy transformation status were analyzed in depth.Then from the company's short-term stock price reaction,business performance,corporate governance,innovation capabilities and corporate investment behavior to analyze the introduction of strategic investors on the four-dimensional map of the new comprehensive effect.Through the comparison of the motivation and the effect of the introduction,the relevant inspirations are drawn.