期刊文献+

国有企业混合所有制改革对企业创新的影响 被引量:2

Research on the Influence of Mixed Reform of State-owned Enterprises on Corporate Innovation
收藏 分享 导出
摘要 以发展混合所有制经济为导向的国有企业改革已经成为社会热议话题,本文从股权多样性与股权融合度两个维度出发,基于委托代理理论,利用中国A股2013—2017年国有上市公司数据,研究了混合所有制改革对企业创新的影响,得到以下结论:第一,国有企业混合所有制改革与企业创新显著正相关,即股权多样、股权融合程度越高,创新水平越高。第二,考察混合所有制改革在不同情境中的作用时发现,地方所属、政府放权意愿强以及竞争性行业企业,混合所有制改革对企业创新的促进作用更强。进一步研究表明,基于治理视角,混合所有制改革可以通过抑制股东资金侵占行为,提升国有企业的创新水平;混合所有制改革能提高国有企业创新效率,通过创新渠道产生“价值提升效应”。本文为混合所有制改革发挥治理作用提升国有企业创新水平提供了实践借鉴,同时,本文的研究结论也表明,混合所有制改革应重视由“量变”到“质变”的突破,分类分层推进改革进程,有效实现国有企业的高质量发展。 As an important driving force to maintain the long-term competitive advantage of enterprises,innovation plays an irreplaceable role in national economic growth.The government working report in 2018 clearly stated that “our SOEs should through reform and innovation,become front-runners in pursuing high-quality development.” The 2019 government working report also focused on stimulating the vitality of enterprises,and innovation has become a new driving force for China s economic development.Compared with other ownership enterprises,state-owned enterprises are the main pillar of promoting high-quality development of economy,however,the existing research shows that state-owned enterprises are weak in the field of innovation and tend to invest less in R&D.On one hand,innovation has the characteristics of long period,high risk and uncertain return;On the other hand,state-owned enterprises are short of owners and their property is vague.Mixed ownership reform plays a role in economic activities and has become a hot topic in academia.Research shows that mixed ownership reform of state-owned enterprises can improve corporate performance and corporate governance.However,under the new era,there is insufficient research between the reform of mixed ownership and corporate innovation.Therefore,how to guide enterprises to carry out innovation becomes a major problem that needs to be solved urgently in China. Based on the state-owned listed companies from 2013-2017 in China,this paper tries to explore the following questions:Firstly,how about the relationship between mixed ownership reform and corporate innovation? What is the mechanism of mixing changes affecting innovation behavior? Secondly,is there any difference in the relationship in different situations,such as the attribute of administrative hierarchy of state-owned enterprises,the willingness of government to delegate power and the degree of industrial competition? Thirdly,does the innovation behavior bring the improvement of innovation efficiency and enterprise va
作者 朱磊 陈曦 王春燕 ZHU Lei;CHEN Xi;WANG Chun-yan(School of Accounting,Shandong University of Finance and Economics,Jinan,Shandong,250014,China)
出处 《经济管理》 CSSCI 北大核心 2019年第11期72-91,共20页 Business Management Journal
基金 国家社会科学规划重点项目“企业绿色并购的驱动因素、决策选择与长效机制研究”(19AGL010) 山东社会科学规划项目“战略投资者、公司治理与山东省混合所有制改革企业创新研究”(19DGLJ05) 山东社会科学规划项目“基于供给侧结构改革的山东省中小企业创新路径研究”(18CJJJ15)。
关键词 混合所有制 企业创新 股权多样性 股权融合度 mixed ownership corporate innovation ownership diversity ownership integration
作者简介 通讯作者:朱磊,女,副教授,管理学博士,研究方向是公司理财与企业创新,电子邮箱:zhuleijinan@163.com;陈曦,女,硕士研究生,研究方向是公司理财与企业创新,电子邮箱:chenximaple@163.com;王春燕,女,讲师,管理学博士,研究方向是公司治理与企业创新,电子邮箱:wangcy6789@163.com.
  • 相关文献

参考文献55

二级参考文献1069

共引文献6126

同被引文献56

引证文献2

投稿分析

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部 意见反馈