發(fā)布時(shí)間：2018-01-30 02:10

  本文關(guān)鍵詞： 上港集團(tuán) 混合所有制改革 員工持股　出處：《深圳大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

【摘要】：隨著中國(guó)經(jīng)濟(jì)增速步入新常態(tài)以及人民幣國(guó)際化戰(zhàn)略使國(guó)內(nèi)市場(chǎng)對(duì)外開(kāi)放程度更高,國(guó)有企業(yè)尤其國(guó)有競(jìng)爭(zhēng)性企業(yè)面臨的國(guó)際和國(guó)內(nèi)的競(jìng)爭(zhēng)壓力以及宏觀經(jīng)濟(jì)下行壓力越來(lái)越大,順應(yīng)時(shí)勢(shì)中央積極推動(dòng)國(guó)有企業(yè)改革方案,2013年11月中共中央《關(guān)于全面深化改革若干重大問(wèn)題的決定》明確提出“允許混合所有制經(jīng)濟(jì)實(shí)行企業(yè)員工持股”,為國(guó)有控股混合所有制企業(yè)實(shí)施員工持股提供了明確的政策支持,以及2016年8月,三部委印發(fā)《關(guān)于國(guó)有控股混合所有制企業(yè)開(kāi)展員工持股試點(diǎn)的意見(jiàn)》,首次就國(guó)有控股混合所有制企業(yè)開(kāi)展員工持股試點(diǎn)提出明確要求和政策措施,國(guó)有企業(yè)適時(shí)推出員工持股計(jì)劃,提高國(guó)有企業(yè)競(jìng)爭(zhēng)力和盈利能力。2016年國(guó)有資產(chǎn)總規(guī)模達(dá)131.7萬(wàn)億,同比增長(zhǎng)9.7%,2016年規(guī)模以上工業(yè)企業(yè)實(shí)現(xiàn)利潤(rùn)68803億元,同比增長(zhǎng)8.5%,其中國(guó)有企業(yè)貢獻(xiàn)11751億,同比增長(zhǎng)6.7%,2015年末,國(guó)有上市企業(yè)總市值接近34萬(wàn)億,A股市值58.4萬(wàn)億,其規(guī)模相當(dāng)于國(guó)民生產(chǎn)總值的一半,因此國(guó)有企業(yè)提質(zhì)增效將是國(guó)家經(jīng)濟(jì)結(jié)構(gòu)轉(zhuǎn)型期的國(guó)家戰(zhàn)略目標(biāo)。上市國(guó)有企業(yè)員工持股是國(guó)有企業(yè)改革的路徑之一,文章以上港集團(tuán)實(shí)施員工持股作為案例分析對(duì)象,因其位于經(jīng)濟(jì)改革前沿地上市海;2013年11月《指導(dǎo)意見(jiàn)》發(fā)布以來(lái)是上海市首先實(shí)施的企業(yè),在國(guó)有控股上市企業(yè)中也屬首次;同時(shí)自2015年5月正式實(shí)施已有23月,并且2012-2015年期間《上港集團(tuán)中長(zhǎng)期激勵(lì)計(jì)劃》是國(guó)企股權(quán)激勵(lì)的一個(gè)標(biāo)桿,取得顯著的激勵(lì)效果,文章分析員工持股員工持股的動(dòng)因和員工持股計(jì)劃特點(diǎn)包括員工持股范圍、激勵(lì)期限、管理模式、解鎖標(biāo)準(zhǔn)和配套政策特點(diǎn)如延續(xù)股權(quán)激勵(lì)、分紅政策,發(fā)現(xiàn)該計(jì)劃方案在員工持股范圍和比例、定價(jià)、激勵(lì)期限、權(quán)益處置等方面存在著問(wèn)題并提出相應(yīng)對(duì)策建議,總結(jié)上港集團(tuán)混合所有制改革中員工持股的經(jīng)驗(yàn)和教訓(xùn),以啟示尚未實(shí)施混合所有制改革的上市國(guó)有企業(yè)實(shí)施員工持股。
[Abstract]:As China's economic growth rate enters the new normal and the internationalization strategy of RMB makes the domestic market more open to the outside world. State-owned enterprises, especially state-owned competitive enterprises, are facing more and more international and domestic competitive pressure and macroeconomic downward pressure. In line with the times, the central government actively promotes the reform of state-owned enterprises. In November 2013, the decision of the CPC Central Committee on several important issues of comprehensively deepening reform clearly proposed that "the mixed ownership economy should be allowed to implement enterprise employee stock ownership." It provides a clear policy support for the implementation of ESOP in state-owned mixed ownership enterprises, and in August 2016. The three ministries and commissions issued "opinions on the pilot of employee Stock ownership by State-owned holding mixed ownership Enterprises", which for the first time put forward clear requirements and policy measures for the implementation of ESOs. In 2016, the total scale of state-owned assets reached one hundred and thirty-one tillion six hundred and ninety-nine billion nine hundred and ninety-nine million nine hundred and ninety-nine thousand and nine hundred and ninety-nine , an increase of 9.7% over the same period last year. In 2016, the profits of industrial enterprises above the scale reached six tillion eight hundred and eighty billion three hundred million yuan, an increase of 8.5% over the same period last year, of which state-owned enterprises contributed one tillion one hundred and seventy-five billion one hundred million yuan, up 6.7% from the same period a year earlier, and on end of 2015. Total state-owned listed enterprises market value close to 34 tillion, A market value 58.4 tillion, the size of the equivalent of half the gross national product. Therefore, improving the quality and increasing efficiency of state-owned enterprises will be the national strategic goal in the transition period of the national economic structure, and the employee stock ownership of listed state-owned enterprises is one of the paths of the reform of state-owned enterprises. The above mentioned Hong Kong Group implements ESOP as the object of case analysis because it is located in the frontier of economic reform and listed in the sea; Since November 2013, the "guiding opinion" has been first implemented in Shanghai, and it is also the first time among the state-owned listed enterprises. At the same time, since May 2015, the formal implementation of 23 months, and 2012-2015 period of the "Shanggang Group medium and long term incentive Plan" is a benchmark of state-owned equity incentives, achieved significant incentive results. This paper analyzes the motivation of ESOP and the characteristics of ESOP including the scope of ESOP, incentive duration, management model, unlocking standards and supporting policy characteristics such as continuing equity incentive, dividend policy. It is found that there are some problems in the scope and proportion of ESOP, pricing, incentive period, rights and interests disposal and so on, and the corresponding countermeasures and suggestions are put forward. This paper summarizes the experience and lessons of ESOP in the reform of mixed ownership of Shanghai and Hong Kong Group in order to enlighten listed state-owned enterprises that have not yet implemented the reform of mixed ownership to implement ESOP.
【學(xué)位授予單位】：深圳大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F272.92;F552.6

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本文編號(hào)：1475004