Relationship between Mixed Ownership Reform of State Owned Enterprises and Innovation Performance of Enterprises:The Dual Mediation Effect Based on R&D Investment and Government Affairs Disclosure
The mixed ownership reform of state-owned enterprises is an effective way to enhance enterprise innovation and the influence of state-owned economy.Under the background of mixed reform of state-owned enterprises,the data of listed state-owned enterprises between 2003 and 2020 were analyzed,and a vector autoregressive(VAR)model between R&D investment intensity,enterprise performance,degree of mixed reform of state-owned enterprises and government transparency was established,and ADF unit root test,cointegration relationship analysis,AR characteristic root test,pulse division response,and variance analysis were carried out.The results show that there is a positive impact on the innovation performance of enterprises.There is a mediating effect between the degree of mixed reform of state-owned enterprises and the innovation performance of enterprises.From an external perspective,government transparency has a promoting effect on the degree of mixed reform of state-owned enterprises and the intensity of R&D investment of enterprises.
mixed reform of state-owned enterprisesinnovation performancegovernment transparency
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