Economic Structure Transformation, Mixed Ownership and Upgrading of State-owned Enterprises' Innovation

Abstract

Abstract: This paper focuses on the impact of economic structure transformation on the upgrading of state-owned enterprises' innovation, and by taking account of mixed ownership reform, further examines the moderating effect of mixed ownership as a factor of ownership structure. On the basis of theoretical analysis, this paper takes the data of state-owned listed manufacturing companies in China as samples to conduct an empirical research. The results show that:(1) Firstly, seen from such three aspects as innovation input, innovation output and upgrading level, the economic structure transformation has a significant positive effect on the upgrading of state-owned enterprises' innovation; (2) The mixed ownership system optimizes the internal governance structure of state-owned enterprises and amplifies the positive influence of economic structure transformation on the upgrading of state-owned enterprises' innovation; and (3) For the state-owned enterprises with different level of governance performance and different level of technological finance, there are significant differences in the impact of the economic structure transformation on the upgrading level of state-owned enterprises.

Key words: economic structure transformation, mixed ownership, upgrading of enterprises' innovation

Ma Hong, Hou Guisheng. Economic Structure Transformation, Mixed Ownership and Upgrading of State-owned Enterprises' Innovation[J]. Management Review, 2021, 33(7): 120-129.

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