Research On The Influence Path And Economic Effect Of Reverse Mixed Reform Of Environmental Protection Private Enterprise Bossco

Since the Third Plenary Session of the 18 th CPC Central Committee in 2013 clearly pointed out that mixed-ownership reform should be actively developed and different ownership capitals should be encouraged to cross-hold and integrate with each other,China began to accelerate the mixed-ownership reform.At present,China’s reform trend is mainly focused on the mixed ownership reform with state-owned enterprises as the main body.In recent years,the country has launched four batches of 208 state-owned enterprises reform pilot,the reform of state-owned enterprises has begun to bear fruit.With the deepening of the reform,the state began to encourage state-owned capital to actively participate in non-state-owned enterprises and private enterprises to actively participate in the mixed reform.Since then,the mode of "reverse mixed reform" with private enterprises as the main body began to rise gradually.In addition,for environmental protection private enterprises,their industry is greatly affected by national policies and has a high demand for funds.Due to the tightening of environmental protection policies and the strengthening of financial regulation in 2018,the financing difficulty of environmental protection private enterprises has intensified.In addition,the impact of the epidemic in 2020 has again severely affected the capital chain of environmental protection private enterprises.In this context,many environmental protection private enterprises hope to join hands with state-owned enterprises to alleviate the difficulties.This new mode of "reverse mixed reform" has become a new way for the future development of environmental protection private enterprises.In view of this,it is very necessary to study the causes,influence paths and economic effects of reverse mixed reform of private enterprises.Therefore,this thesis adopts the method of literature reading,case study and event study,and chooses the environmental protection private enterprise Bossco to introduce Guangzhou Huantou Group to carry out reverse mixed reform as a case.Firstly,it reviews the research status of reverse mixed reform of private enterprises at home and abroad,and then combining with the basic situation of the environmental protection industry and Bossco,through a detailed review of the process of reverse mixed reform of Bossco,and based on the principal-agent theory,relationship between government and enterprise theory and synergistic effect theory,the motivation for Bossco’s reverse mixed reform is deeply explored.It makes clear that the specific path of reverse mixed reform affecting Bossco’s economic effect is through property right reallocation and establishment of the association between government and enterprise.It also makes a detailed analysis of the direct and indirect economic effect of Bossco after reverse mixed reform from five aspects:corporate governance effect,financing effect,innovation ability effect,short-term market effect and environmental benefit,and finally draws relevant research conclusions.It also proposes three enlightenments for the reverse mixed reform of private enterprises: carefully choosing the appropriate object of mixed reform,strictly controlling the resources integration of both sides and strengthening the correct understanding of the relationship between government and enterprise.It is hoped that this study can enrich and expand the results of relevant case studies on reverse mixed reform,provide reference for the environmental protection private enterprises that carry out reverse mixed reform in the future,improve their ability to solve environmental problems and enhance their core competitiveness,so as to promote sustainable and high-quality development in the field of environmental protection.At the same time,it also provides a new way and idea for the future development of private enterprises in other industries,further promoting the development of private enterprises in China.