| Along with the introduction of the National Development and Reform Commission's 2015 State Council's Opinions on the Development of a Mixed Ownership Economy for State-Owned Enterprises,China's state-owned enterprises officially launched a wave of mixed ownership reform.At the end of 2017,the number of enterprises participating in mixed ownership reform in China's central enterprises and their subsidiaries at the level reached 69%,and the proportion of provincial-level state-owned enterprises reached 56%,indicating that most of China's state-owned enterprises have achieved a mixture of capital levels.As a leader among state-owned enterprises,listed state-owned enterprises should take the lead in introducing different types of ownership capital because of their exemplary role in listing status.Equity diversification and governance modernization are intuitive changes after the reform of mixed ownership,and the comprehensive strength and innovation ability of enterprises Improvement is an intrinsic deep change.In 2016,the SASAC document clearly emphasized that the central enterprises are the main force of national science and technology innovation and an important force in the construction of the national innovation system.Then,can state-owned enterprises improve their technological innovation capabilities after the reform of mixed ownership? If mixed ownership reform can improve the technological innovation capability of state-owned enterprises,and what are the specific ways to influence the technological innovation capabilities of enterprises? If the influence of the technological innovation capability of state-owned enterprises after the reform of the ownership system is clear,what impact will it have on the performance of enterprises? This article will analyze these issues in detail.This paper uses the literature research method and the case analysis method to analyze the case enterprises.This paper first summarizes the relationship between the reform of mixed ownership,the technological innovation capability of enterprises and the performance of enterprises.Then,this paper discusses the significance of the mixed ownership reform for the technological innovation of state-owned enterprises from the macro and micro perspectives,and clarifies the index basis of the enterprise performance evaluation and the theoretical basis of this paper.Secondly,this paper combs the process and key events of the NavInfo new mixed ownership reform.Then,this paper analyzes the impact of technological innovation behavior on corporate performance after the reform of case enterprise mixed ownership.This paper finds that after the reform of mixed ownership,the competitiveness of state-owned enterprises has been greatly enhanced,reflecting that the new products jointly launched with strategic investors have become the first in the industry;the number of patent applications of state-owned enterprises has increased every year;The product elements of strategic investors have entered the market with low market share in the past,and through the funds of strategic investors to support the acquisition of chip companies,the market share of state-owned enterprises has been further opened;the operating income structure of state-owned enterprises has continued to improve.It broke the situation that the proportion of traditional business revenue was too high;the indicators of total return on assets and return on equity of state-owned enterprises all rose steadily.In addition,this paper analyzes the three aspects of R&D investment,production capacity and enterprise network.After the reform of mixed ownership,the technological innovation ability of state-owned enterprises is enough to influence the performance of enterprises through product innovation.Through the study of case enterprises,this paper believes that the improvement of state-owned enterprises' technological innovation ability after the reform of mixed ownership has three basic prerequisites: First,the shareholding structure is more diversified.A large proportion of competitive state-owned enterprises have transferred their shareholdings to strategic investors,ensuring the diversity of ownership structure.Second,the board's decision-making is more flexible.Strategic investors enjoy the corresponding board seats on the board of directors according to their shareholdings,which ensures that strategic investors have sufficient voice in state-owned enterprises.Third,state-owned enterprises allow strategic investors to participate in their own business decisions.Business decision-making involves all aspects of the enterprise,and it is very important for state-owned enterprises to maintain an open and inclusive mindset.This paper believes that there are three key success factors in improving the technological innovation capability of the case enterprise after the mixed ownership reform: First,the choice of strategic investors is in line with its own development strategy;the second point is to actively carry out with strategic investors.Foreign investment and cooperation;Third,the independent innovation capability of state-owned enterprises is very important and can lay a solid foundation for future technological innovation.This paper finds three inspirations: state-owned enterprises can optimize their own main business income structure by means of capital and technology of strategic investors;state-owned enterprises and strategic investors have a point of interest to promote enterprise development;technological innovation of state-owned enterprises Can not blindly rely on strategic investors,the mutual cooperation between the two can achieve the effect of technological innovation.The innovation of this paper is: In terms of content,this paper not only selects a state-owned enterprise with mixed ownership reform and has the motive and attribute of technological innovation for many years,but also summarizes the performance analysis ideas and key success factors of this paper.From the perspective of perspective,this paper analyzes the thinking of state-owned enterprises that changes the technological innovation ability and then affects performance according to the reform of mixed ownership.The perspective is relatively new.Through the research on case companies,expectations can bring certain guiding significance to state-owned enterprises that are committed to improving technological innovation capabilities and corporate performance. |
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