Research On The Influence Of "Co-governor" Model Of Zhongjin Jewelry On Performance

Since the Third Plenary Session of the 18 th Central Committee,the scale of mixed ownership reform has been continuously expanding,becoming a powerful reform measure to stimulate the vitality of state-owned enterprises.With the continuous acceleration of the mixed reform process,the problem of state-owned enterprises’ mixed reform becoming mere formality cannot be ignored.Some state-owned enterprises only completed the mixing of ownership during the mixed reform,did not improve the internal governance structure and incentive mechanism of the enterprise,and did not achieve the expected results of the mixed reform.Therefore,in the current stage of "deepening and accelerating" reform,the Chinese government has proposed new requirements for mixed ownership reform,emphasizing that mixed ownership state-owned enterprises should guide different types of investors to actively participate in corporate governance based on their own development situation,improve the corporate governance structure and mechanism,and achieve the goal of building a first-class state-owned enterprise.Under the background of mixed reform,the dissertation selects Zhongjin Jewelry’s adoption of the "Co-governor" model for mixed reform as the research object,focusing on exploring how the "Co-governor" model affects the performance of Zhongjin Jewelry and how it affects it.Firstly,the thesis reviews domestic and foreign research literature and elaborates on the relevant theoretical foundations;next,introduce the content and implementation reasons of the "Co-governor" model of Zhongjin Jewelry;on this basis,a systematic and comprehensive analysis was conducted on the impact path and effectiveness of the "Co-governor" model on performance.At the end of the thesis,relevant suggestions were proposed to improve the effectiveness of mixed reform from both the government and enterprises levels.The thesis draws the following conclusions:(1)In terms of the motives for mixed reform,the mixed reform of state-owned enterprises has reached a deepening and accelerating stage,while the competition in the gold and jewelry market is becoming increasingly fierce.Zhongjin Jewelry needs to introduce non-state-owned shareholders through mixed reform,rebuild the internal mechanism of the enterprise,and use the funds and channels of non-state-owned shareholders for collaborative development.These factors jointly promote Zhongjin Jewelry to adopt the "Co-governor" model for mixed reform;(2)In terms of the impact path of mixed reform on performance,Zhongjin Jewelry’s "Co-governor" model affects corporate performance through three ways: optimizing corporate governance mechanisms,changing management systems,and strengthening enterprise resource integration;(3)In terms of mixed governance performance,after implementing the "co governance person" model,Zhongjin Jewelry has improved its financial results,corporate value,innovation ability,and social contribution compared to before implementation,proving that the model has had a positive impact on the development of the enterprise.The thesis studies the new type of mixed reform method of "Co-governor" model,expanding the research scope of mixed reform methods.And it has reference significance for the government to further deepen and improve mixed reform policies,as well as for state-owned enterprises to improve the effectiveness of mixed reform.