Research On The Transformation And Upgrading Of Industrial Enterprises With Overcapacity

Since the second half of 2011,with the slow growth of China's economic growth and market demand,potential problems and contradictions hindering the development of Chinese enterprises are becoming increasingly prominent.Among them,overcapacity is particularly serious,which has seriously hindered the transformation and upgrading of Chinese enterprises in the new normal economic situation.For this reason,in the second half of 2015,China put forward "supply side structural reform".Supply side structural reform,as an important economic task at present,provides an opportunity for transformation and upgrading of Chinese enterprises.Many enterprises have formulated related tasks to resolve excess capacity,effectively promoted the transformation and upgrading of enterprises,and accumulated new kinetic energy for the future development of enterprises.However,in the process of resolving overcapacity and boosting the transformation and upgrading of enterprises,there are two trends: first,enterprises hope to realize the substitution or elimination of traditional capacity and backward capacity through diversification,and the two is the tendency of enterprises to finance,and the enterprises look for new growth points of assets everyw here,so as to improve Enterprise's innovation ability helps enterprises transform and upgrade.However,in recent years,more and more scholars have begun to question the positive impact of diversification and Finance on enterprise transformation and upgrading."Blind diversification" and "over finance" frequently appear in the public field of vision.The study of the impact of diversification and Finance on enterprise transformation and upgrading needs to be analyzed,in addition to whether it can help enterprises to dissolve excess capacity and boost the transformation and upgrading of enterprise model,and it also needs to analyze the different effects on the enterprise heterogeneity.In addition,the "excessive" problem of diversification and finance is also worth thinking deeply,the degree of enterprise diversification is too high,which will affect the enterprise to focus on the core business,and the degree of finance is too high,it will seriously affect the enterprise entity industry.Based on the relevant data of listed industrial enterprises in China in the past2007-2016 years,this paper makes a correlation analysis of overcapacity industrial enterprises.First,it examines the direct impact of diversification and Finance on enterprise transformation and upgrading,and then studies whether there is a mutual influence between enterprise diversification and enterprise finance and enterprise productivity utilization ratio and enterprise innovation ability.Finally,based on the ownership ownership system of enterprises The above two problems are discussed further.The empirical results show that,for industrial industry,the solution of excess capacity,innovation ability,diversification and finance can significantly promote the transformation and upgrading of enterprises.From the whole,the diversification of enterprises will help to dissolve excess capacity;the melting of gold in state-owned industrial enterprises will squeeze out innovation ability;state industry is a state-owned industry.Diversification will weaken the positive impact of productivity utilization on enterprise performance,resulting in potential overcapacity pressure.The development of non-state-ow ned industrial enterprises in the development of Finance and diversification can enhance enterprise innovation ability and help to resolve excess capacity;small and medium-sized enterprises will impede the development of enterprises;the development of small and medium enterprises Finance and diversification can improve enterprise innovation capability,but it is not conducive to increase productivity utilization.