案例名称:
The Path of Mixed Ownership Reform: To Create Win-win Conditions for State-owned Enterprise and Non-public Economic Entities
译名:
The Path of Mixed Ownership Reform: To Create Win-win Conditions for State-owned Enterprise and Non-public Economic Entities
案例作者:
Song Jianbo, Hua Xiaoyu
作者单位:
Renmin Business School
中文关键词:
混合所有制;并购重组;资产定价;换股并购;员工持股
英文关键词:
mixed ownership; mergers and acquisitions; strategic transformation; Enterprise A; Enterprise T
中文摘要:
随着中国经济步入“新常态”,企业外部经营环境发生巨大改变。在外部环境的影响下,作为国有企业的A企业面临着发展瓶颈,产生了营业收入增长减缓、营业利润连续下滑等诸多问题,改革势在必行。此时,正值混合所有制改革政策推行,上市公司并购重组也持续受到政策鼓励,A企业的管理层经过慎重考虑,选取并购重组这一混合所有制改革方式,以期实现国有资产的保值增值,进一步绽放经营活力。但是同时,以并购重组为主要形式的混合所有制改革具体的实施路径如何?如何合理确定并购对象?如何对并购对象进行资产定价并选择合适的支付方式?这些都是A企业值得思考、需要决策的问题。
英文摘要:
As our economic development enters the new normal, the profit level drops sharply, making it difficult to expand in the international market... Enterprise A is troubled with the problems. In order to break the plight, Enterprise A actively responded to the call of the country and decided to carry out mixed ownership reform. This reform is not the first large-scale reform of state-owned enterprises in China, but none of the previous reforms has managed to completely eliminate the corrupt practices of state-owned enterprises. There are still many issues existing in the state-owned enterprises, such as the government departments' running or managing enterprises and engaging in commercial activities, tedious administrative procedures, rigid management mechanism, low employee enthusiasm, and so on. Therefore, is it wise for Enterprise A to join the reform? How should Enterprise A carry out this reform? Can the reform achieve good results? These topics deserve our in-depth discussions.
适用对象:
Undergraduate,EE,MBA,EMBA
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