LBGJ员工持股计划研究

发布时间：2018-07-05 15:20

本文选题：员工持股计划 + 公司治理　；参考：《湘潭大学》2017年硕士论文

【摘要】：员工持股计划起始于美国的上世纪五十年代,而在我们国家,同其相关的研究以及实践活动是从上世纪八十年代开始,曾经在1998年的时候被政府下令停止施行,新的转折点始于2014年《关于混合所有制企业实施员工持股试点的指导意见》的出台。目前,我国一部分国有企业开始尝试实施员工持股计划,但是由于员工持股计划的实施效果会受到制度环境和方案内容的影响,所以国外的实践经验对我国推行员工持股计划深化混合所有制改革的借鉴意义不大,中国经济和政治环境的特殊性使得当前针对我国国情进行相关问题的研究显得十分重要。文章在综合分析国内外学者关于员工持股计划的内涵和实现方式、对企业的影响以及中国混合所有制改革中的员工持股计划等的研究成果的基础上,从公司财务与公司治理的角度,基于具体的政策和行业背景以及相关财务数据,主要分析了白酒企业LBGJ通过实施员工持股推进企业混合所有制改革这一案例,逐步剖析其计划的具体内容和实施过程。文章所阐述的员工持股计划实施包含了计划的具体内容和实施过程以及实施前后的股权结构变化,计划内容涉及到制定的原则、参与对象、股票和资金来源、持股计划的管理模式与监督机制以及员工的分红和计划期满后的处置办法。其次,员工持股计划对案例公司经营管理方面的影响主要体现在改善了公司治理、提升了公司的市场竞争力和提高了员工的积极性和凝聚力;通过对LBGJ相关财务数据的前后对比,文章从偿债能力、营运能力、盈利能力以及成长能力这四个方面具体分析了员工持股计划对LBGJ财务状况的影响。最后,总结其计划内容及其施行过程中的经验与不足,针对案例公司的员工持股计划,从股权分配标准、绩效管理体系和员工持股计划对象及内容的细分这几个方面来探讨案例启示。文章为国有企业施行员工持股计划提供了一些经验证据的支持,同时通过对白酒行业第一家施行员工持股计划的国有企业的研究,着重指出了在现阶段的国有企业改制的道路上选择员工持股这条路径的重要现实意义,希望本文能够为白酒行业乃至食品行业的其他国有企业为推动混合所有制改革而走员工持股路径提供一些借鉴作用。
[Abstract]:ESOP began in the 1950s in the United States, and in our country, research and practical activities related to ESOP began in the 1980s and were suspended by the government in 1998. The new turning point began in 2014 with the introduction of the guidance on the implementation of ESOP pilot in mixed ownership enterprises. At present, some state-owned enterprises try to implement the ESOP, but the effect of ESOP will be affected by the system environment and the content of the scheme. Therefore, the practical experience of foreign countries is of little significance for the implementation of ESOP to deepen the mixed ownership reform in China. The particularity of China's economic and political environment makes it very important to study the relevant issues in view of the current situation of our country. On the basis of comprehensive analysis of the research results of domestic and foreign scholars on the connotation and realization of ESOP, the influence on enterprises and the ESOP in the reform of mixed ownership in China, From the perspective of corporate finance and corporate governance, based on the specific policies, industry background and related financial data, this paper mainly analyzes the case of LBGJ of liquor enterprises to promote the mixed ownership reform through the implementation of ESOP. Analyze the concrete content and implementation process of its plan step by step. The implementation of the ESOP includes the specific contents and implementation process of the ESOP and the changes of the stock ownership structure before and after the implementation. The contents of the ESOP involve the principles of formulation, the object of participation, the stock and the source of funds. The management mode and supervision mechanism of the stock ownership plan, as well as the dividends of the employees and the disposal method after the expiration of the plan. Secondly, the impact of ESOP on the operation and management of the case company is mainly reflected in the improvement of corporate governance, the enhancement of the company's market competitiveness and the improvement of the enthusiasm and cohesion of the employees. By comparing the relevant financial data of LBGJ, this paper analyzes the influence of employee stock ownership plan on LBGJ's financial situation from four aspects: solvency, operating ability, profitability and growth ability. Finally, it summarizes the contents of the plan and the experience and shortcomings in the implementation process, aiming at the employee stock ownership plan of the case company, from the equity allocation standard, Performance management system and employee stock ownership plan object and content subdivision these several aspects to discuss the case enlightenment. This paper provides some empirical evidence to support the implementation of ESOP in state-owned enterprises, and through the research on the first SOE in liquor industry, This paper emphatically points out the important practical significance of choosing the path of employee shareholding on the road of state-owned enterprise reform at the present stage. I hope this paper can provide some reference for other state-owned enterprises in liquor industry and food industry to promote the reform of mixed ownership and take the path of employee ownership.
【学位授予单位】：湘潭大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F272.92;F426.82

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