Study On The Influence Of Mixed Ownership Reform Of State-owned Enterprises On Green Technology Innovation

Green technology innovation can make dual contributions to environmental performance and economic benefits.It is an important means to resolve the contradiction between ecological environment protection and economic development.It is also the core driving force for promoting the green development of Chinese enterprises.As an important carrier of the socialist economy with Chinese characteristics,state-owned enterprises must shoulder the important task of building China’s green technology innovation system.How to improve the enthusiasm of stateowned enterprises to participate in green technology innovation is a key of building a market-oriented green technology innovation system in the new era.Under the guidance of high-quality development,it is of great theoretical and practical significance to deeply study the impact of the mixed ownership reform of state-owned enterprises on the quantity and quality of green technology innovation.Based on the theory of planned behavior,principal-agent theory and resourcebased theory,this paper comprehensively uses normative analysis and empirical analysis.On the basis of theoretical deduction,taking the state-owned listed companies from 2013 to 2019 as the research sample,the impact of the ownership structure and high-level governance of state-owned enterprise mixed ownership reform on the quantity and quality of green technology innovation of enterprises was investigated.It further studies how non-state-owned shareholders affect the level of green technology innovation of state-owned enterprises under different strengths of profit motives,and finally examines the dual value contribution of green technology innovation to environmental performance and long-term financial performance.This paper draws the following conclusions from the research:(1)The diversity and degree of checks and balances of the ownership structure of the mixed ownership reform of state-owned enterprises have no significant impact on the quantity and quality of green technology innovation;(2)The participation of non-state shareholders in high-level governance has significantly improved the level of green technology innovation in state-owned enterprises,that is,realizes both the quality and quantity of green technology innovation;(3)The role of non-state-owned shareholders in promoting green technology innovation is more significant when state-owned enterprises face greater pressure on profit growth;(4)The increase in the quantity and quality of green technology innovation can make dual contributions to environmental performance and economic benefits,but there is a lag in the improvement of the quality of green technology innovation on financial performance.The research conclusions of this paper enrich the research on the noneconomic consequences of mixed ownership reform of state-owned enterprises,and are conducive to providing theoretical support and policy suggestions for deepening the reform of state-owned enterprises,promoting high-quality development,and establishing a market-oriented green technology innovation system.