Mixed Ownership Reform,Internal Governance Mechanism And Innovation Performance

Technological innovation is the core driving force for the development of enterprise,which can reduce costs and bring huge profit.At present,as the reform of mixed ownership enters a new development cycle,state-owned enterprises are actively carrying out reform trials,which urgently need guidance from new theoretical research.By taking this reform as an opportunity,state-owned enterprises can re-examine the mechanism of influence between this reform and technological innovation to achieve high-quality development of enterprises.This paper selects the mixed ownership reform demonstration project of central enterprise system Antai Technology Co.,Ltd.as the case study object.It analyzes the mechanism of mixed ownership reform on technological innovation,and evaluates the innovation performance after the reform of Antai technology.Also,it summarizes the reform experience.Firstly,this paper summarizes the literature of mixed ownership reform,internal governance mechanism,innovation performance and the relationship among the three.Then,it analyzes the motivation of mixed ownership reform of Antai technology,and discusses the mechanism and effect of this reform on technological innovation through improving the internal governance of the company.Finally,it summarizes the research content.Suggestions are put forward for the reform of mixed ownership.Based on the perspective of internal governance,the research contribution of this paper is to study the relationship between mixed ownership reform and innovation performance at the company level,which can deeply explore the effect and mechanism of specific behaviors of enterprises.On the other hand,by introducing DEA model into the innovation performance analysis of case companies,the accuracy and scientificalness of research conclusions can also be effectively verified.Through the research,this paper draws the following conclusions:(1)The mixed ownership reform has a positive role in promoting the improvement of the internal governance mechanism in the aspects of ownership structure,board structure and employee incentive.(2)The improvement of internal governance effectively improves the innovation performance of enterprises,which is embodied in the enhancement of innovation consciousness and the improvement of innovation input-output efficiency.(3)After the reform,the innovation performance of Antai technology has been significantly improved.Based on the above conclusions,this paper gives the following suggestions:(1)The interests of non-state-owned shareholders should be protected in the process of mixed ownership reform.(2)The vitality of private enterprises should be fully released to achieve collaborative innovation after the reform.(3)The adaptability and matching should be considered when we design the innovation incentive mechanism in this reform.Through the research of this paper,I hope to provide reference for other enterprises carrying out mixed ownership reform.