Research On The Effect Of State Owned Assets Purchasing Private Enterprises And Participation In Board Governance A Case Study Of Changsha Water Industry’s Acquisition Of Huibopu

With the pace of reform and open,the reform of the economic constitution centered on the reform of state-owned enterprises has gone through more than 40 years.Among them,the mixed reform is an important means.my country’s mixed reform began in the early 1990 s and has gone through many stages.The main mode of the current mixed reform is the introduction of government capital into non-state capital to implement the mixed reform.The 18 th National Congress of the Communist Party of China clarified the important role of mixed-ownership economy and promoted the further deepening of chinese mixed-ownership reform.More and more private enterprises have chosen to introduce state capital and implement mixed-ownership reforms.However,the current research literature on mixed ownership reform is mainly based on empirical research,and most of the research focuses on the introduction of state capital into private enterprises.For private enterprises to introduce state capital to implement mixed reforms,there is little research on how to participate in the governance of private enterprises after mixed reform.The introduction of state capital in private enterprises to implement mixed reform is a fresh new in recent years.Studying the mode of state-owned assets participating in the mixed reform of private enterprises and how to participate in the governance of the mixed reform of private enterprises is of great significance for private enterprises after mixed reform to optimize their corporate governance structure and improve the effect of the mixed reform.This article does research about the case of the state-owned Changsha Water’s acquired enterprise Huibopu and a case study on how Changsha Water participates in the governance of Huibopu’s board of directors.This article summarizes the experience of state capital participating in the private enterprises after mixed reform.The research conclusion of this article will provide experience for other similar cases.This article selects the typical case of state-owned Changsha Water’s acquisition of private enterprise Huibopu as the research object,and uses a combination of normative research method and case research method to study the case.On the basis of summarizing the existing literature,this article summarizes the relevant theories about the motivation of private enterprises to introduce state capital and the motivation of state capital to purchase private enterprises,and summarizes the current mode of state-owned assets participating in the governance of the mixed reformed private enterprises’ board.Subsequently,combined with the development status and future development direction of Changsha Water and Huibopu,the purpose of state-owned and private enterprises participating in the acquisition was analyzed,and the acquisition process was sorted out.Next,this article discusses the model of Changsha Water’s participation in the Huibopu board of directors,and analyzes the reasons of the state capital choose this model and the impact of the governance model on the governance of the Huibopu board of directors.Finally,based on the previous research,the conclusion of the case is drawn and the corresponding enlightenment is provided.The contribution of this article is mainly reflected in the following aspects.(1)In the past,domestic scholars’ research on mixed ownership reform mainly focused on the introduction of state-owned enterprises into private enterprises,while there were relatively few studies on the introduction of state-owned assets in private enterprises for mixed-ownership reforms,and these studies mainly focused on the motives,methods,and equity of the mixed-ownership reforms.In terms of structure and other aspects,this article discusses the issue of state-owned equity participation in the mixed reform of private enterprises from the perspective of the introduction of state-owned assets by private enterprises,and further explores the issue of how state-owned assets participate in the governance of the board of directors of private enterprises in the reform,thereby enriching the relevant literature on mixed ownership reform.(2)Previous studies on mixed ownership reforms were mostly based on empirical research,and the literature for case studies was relatively scarce.This article uses state-owned Changsha Water’s acquisition of private enterprises Huibopu to implement the mixed ownership of private enterprises as a scenario,using normative research methods.It analyzes the mode of state capital participating in the board governance of private enterprises in mixed-reformed private enterprises with the case study method,and analyzes the reasons of state capital choose this mode of governance and the impact of this type of board governance mode on private enterprises.From the perspective of case studies,it enriches the relevant state-owned assets acquisition of private enterprises and their Participate in relevant research on the governance of private enterprises.