Author(s)

Ziru Huang, Zeyu Wang

Corresponding Author

Ziru Huang

ABSTRACT

This paper analyzes and summarizes the present situation of mixed ownership reform of state-owned enterprises in Tianjin, and makes a horizontal comparative analysis with Guangdong Province at the macro level. By discussing the three key dimensions of corporate governance of mixed reform enterprises, this paper concretely analyzes the present situation and main problems of corporate governance of mixed reform enterprises in Tianjin: (1) lack of employee equity incentives; (2) The ownership structure is too concentrated; (3) The diversity of board composition is low. Furthermore, through expert discussion, the excellent cases of mixed reform of state-owned enterprises in Guangdong Province are locked in, and multi-case studies are made on Zhuhai Gree Electric Co., Ltd., Guangzhou Baiyunshan Pharmaceutical Group Co., Ltd. and Shenzhen Tefa Information Co., Ltd. So as to sum up the successful experience of the case enterprises in the above-mentioned corporate governance issues, and further combine with Tianjin's own economic and market characteristics, put forward the countermeasures and suggestions on corporate governance for the mixed reform of Tianjin state-owned enterprises.

KEYWORDS

Mixed reform of state-owned enterprises, Corporate governance, Case comparison, Countermeasure and suggestion