Ownership Structure,the Behavior Of Board Of Directors And Corporate Strategic Ambidexterity

In August 2015,the Central Committee of the Communist Party of China and the State Council promulgated “the Guiding Opinions on Deepening the Reform of State-owned Enterprises”,put forward “ introduce all kinds of investors to achieve equity diversification and promote the restructuring of state-owned enterprises” and “according to the functional orientation of different enterprises,adjust the proportion of state-owned equity,the formation of multiple ownership structure,shareholder behavior norms,internal constraints,efficient and efficient operation of the operating mechanism gradually”.In order to alleviate the contradiction between non-state-owned shares and state-owned shares,this round of deepening state-owned enterprise reform not only pay attention to the corporation property system,but also focus on the non-state-owned shares representative in the board and participate in decision-making.Therefore,this paper will discuss the effect of the reform of ownership structure of state owned enterprise on the behavior of the board of directors,which will affect the company's strategic direction,and provide some solutions for some corporate governance issues of mixed ownership enterprises.First of all,through review and analysis the Organizational Ambidexterity Theory detail,this paper aim to solve the corporate governance problem.The Organizational Ambidexterity Theory originated from the organization management theory,which has received more and more attention in recent years,and has been extended to various fields.Under the background of mixed ownership reform,this paper reveal the connotation of the Organizational Ambidexterity Theory.The Development of mixed ownership economy can achieve higher fission efficiency,so as to improve the mixed ownership enterprises competitiveness.And the current external environment faced by China's state-owned manufacturing enterprises is complex and changeable,it's need to find a new breakthrough in order to continue the unbeaten status in the market.The central idea of the Organizational Ambidexterity Theory is that the enterprise should have two mutually exclusive abilities at the same time,to help enterprises to adapt to the external environment changes,and to maintain sustainable competitiveness.This thought fit the problem which faced by the mixed ownership enterprises,so can provide a solution for this study.Secondly,through analysis and summary the relevant dimensions of the concept and theory,this paper constructs the “ownership structure,the behavior of board of directors,enterprise strategic ambidexterity” model.At the same time,this paper discusses the effect of the group faultline on the ownership structure and the behavior regulation of board of directors,and put forward the nine hypotheses based on the research model.According to the characteristics of the research model,this paper will use the questionnaire survey method,through the scale design,develop questionnaire and release relevant data.And in accordance with the classification of state-owned enterprises in the guidelines on deepening the reform of state-owned enterprises,this paper use structural equation model and partial least square method to analyze the data and draw the final conclusion.Finally,the conclusion of this paper is when the group faultline of board of directors is strong,the diversity of ownership structure will have a minor influence on the consolidation behavior;and when the group faultline of the board of directors is weak,the diversity of ownership structure can promote the behavior integration of the board of directors.And more mature board of directors is conducive to the formation of enterprise strategic ambidexterity.