Influence Of Mixed Ownership Reform On Technological Innovation Of State-owned Enterprises

In 2016,China officially promulgated and implemented the important document of the National Innovation Driven Development Strategy Outline,which clearly proposed the strategic goal of building an innovative country.The Fourteenth Five Year Plan proposes to adhere to innovation driven development and comprehensively shape new advantages for development.As an important material foundation of the socialist system,state-owned enterprises are an important force supporting the high-quality development of the national economy.The 24th Shenzhen Reform Commission Meeting stressed that state-owned enterprises play an irreplaceable role in the innovation driven development strategy.It is necessary to promote state-owned enterprises to improve their innovation system,enhance their innovation ability,stimulate their innovation vitality,promote the deep integration of the innovation chain of the industrial chain,and create a source of original technology.There is a great controversy on the innovation of state-owned enterprises in the academic circle,especially the research on the innovation of high-tech state-owned enterprises is less.In view of this,this paper discusses the impact of mixed ownership reform on high-tech state-owned enterprises.Taking high-tech state-owned enterprises listed on A-share market in China as the research object,using the data from 2014 to 2021,and using the fixed effect model,this paper studies the relationship between mixed ownership reform and high-tech state-owned enterprise innovation from the perspective of non-state-owned equity ratio and equity balance.On this basis,starting from the logic of classification and regional implementation of mixed ownership reform,this paper discusses the impact of mixed ownership reform in manufacturing and non manufacturing industries,eastern,central and western regions on high-tech state-owned enterprises’ technological innovation.The research conclusions are as follows:both the proportion of non-state-owned shares and the degree of equity checks and balances can improve the technological innovation of high-tech state-owned enterprises.The mixed ownership reform should not only introduce various heterogeneous shareholders,but also achieve mutual integration and checks and balances between various heterogeneous shareholders.From the perspective of regional structure,the mixed ownership reform in the eastern region has played a more significant role in promoting the innovation capability of high-tech state-owned enterprises.From the industry level,compared with the manufacturing industry,the mixed ownership reform plays a more significant role in promoting the innovation capability of non manufacturing high-tech state-owned enterprises.Based on the above conclusions,this paper puts forward targeted suggestions from the government and enterprise levels,which should further deepen the mixed ownership reform of high-tech state-owned enterprises;Accelerate the mixed ownership reform of non manufacturing high-tech state-owned enterprises,and strengthen the path research of the mixed ownership reform of manufacturing high-tech state-owned enterprises;Strengthen the cooperation among regions to promote the overall development of China’s innovation efficiency;We will strengthen the protection of intellectual property rights and create a better environment for the reform of mixed ownership.