Empirical study on the impact of mixed-ownership reform on enterprise innovation input
During the planning period,China's enterprise reform served as an effective method for achieving high-quality economic development.Furthermore,the comprehensive effects of mixed-ownership reforms profoundly influenced the innovative inputs of enterprises.By analysing cross-sectional data of 394 A-share listed companies from 2015 to 2021,this paper empirically investigates the impact of mixed ownership reforms on the innovative inputs of state-owned and private enterprises.The empirical results highlight a significant positive effect of the depth of mixed ownership reforms on state-owned enterprises'innovation investments.In contrast,the balance degree of mixed ownership reforms negatively impacts the innovation investments of state-owned enterprises.It was found that companies with mixed ownership structures tend to increase their innovation investments more.Moreover,the introduction of non-controlling state-owned stakes in private enterprises fosters innovation investments more effectively.
state-owned enterprisesprivate enterprisesinvestment in innovationmixed-ownership reform
万方数据
维普
