Research On The Realization Routes And Economic Consequences Of The Reform Of Mixed Ownership In State-Owned Enterprises

Nowadays,China's economy is in the period of structural transformation and upgrading.The existence of the policy burden of state-owned enterprises has made its governance structure and corporate governance mechanism rigid,which has seriously hindered the development of state-owned enterprises.Mixed ownership reform can effectively improve the governance problems of state-owned enterprises and enhance their competitiveness through a variety of ways.Therefore,it is urgent to promote the further implementation of mixed ownership reform in state-owned enterprises.Firstly,this paper introduces the research background,research significance,research framework,research methods and research innovations.Then,on the basis of the existing literature review and theoretical basis,it carries out the analysis of the motivation,realization ways and economic consequences of the mixed ownership reform.Secondly,by introducing the course of China Unicorn's mixed ownership reform,this paper makes a deeper analysis of the specific motivation and realization ways of China Unicorn's mixed ownership reform through case studies.The main ways to realize China Unicom's mixed ownership reform include introducing strategic investors,implementing strategic cooperation,increasing external directors and implementing restrictive stock incentive plan.Then,the economic consequences of China Unicorm's mixed ownership reform are analyzed in detail.The mixed ownership reform improves China Unicom's financial performance,such as innovation ability,profitability and risk management ability.At the same time,it also improves China Unicom's competitive potential and market performance.Finally,the conclusion of this paper is put forward that to enhance the vitality of state-owned enterprises,we must establish a perfect modern enterprise system through the implementation of mixed ownership reform,and equity balance is the best way to achieve it,and three corresponding suggestions are put forward.As one of the first pilot enterprises of mixed ownership reform in state-owned enterprises,China Unicom has a strong representative way to achieve mixed ownership reform.Other state-owned enterprises with poor management in China can get inspiration from China Unicom's mixed reform plan,and combine their own experience to get out of the quagmire of poor management and enhance their competitiveness.