Mixed Ownership Product Market Competition And Enterprise Innovation

The high quality development of state-owned enterprises depends on innovation.Since the reform of state-owned enterprises in 2013,non-state-owned capital has been more active in state-owned enterprises,cross shareholding with state-owned capital,mutual game,and continuous improvement of mixed ownership structure in state-owned enterprises,to a certain extent,affected the innovation of state-owned enterprises.As different enterprises are facing different degrees of product market competition,this paper further studies the regulatory effect of product market competition on the relationship between mixed ownership reform and enterprise innovation of state-owned enterprises.However,at present,the academic circles seldom pay attention to the above three variables at the same time.For this reason,this paper uses the samples of A-share state-owned listed companies in guotai'an database from 2013 to 2017,taking into account the depth of mixed subject and the balance of mixed subject,and studies the relationship between mixed reform of state-owned enterprises,product market competition and innovation input and innovation output.The main conclusions are as follows:(1)From the total sample,mixed ownership reform of state-owned enterprises is conducive to innovation investment;the impact of mixed subject depth on innovation output is not significant,and the mixed subject balance degree is significantly negatively related to innovation output;(2)In the sub sample test to distinguish whether the state-owned shareholders are in the absolute holding position,when the state-owned shareholders are in the absolute holding position,the mixed ownership reform of the state-owned enterprises has a positive correlation with innovation output,but when the state-owned shareholders are in the non absolute holding position,the mixed subject balance and innovation output are significantly negatively correlated;(3)The competition degree of product market plays a general role in promoting innovation input and output,that is,the state-owned sample companies are in a highly competitive market environment,which is easier to improve the input and output of innovation.The only exception is that state-owned absolute holding companies have higher innovation output in industries with low product market competition.Under the premise of low market competition,market competition strengthens the positive correlation between non-state-owned capital and innovation investment in the state-owned capital absolute holding company,and weakens the negative correlation between non-state-owned capital and innovation investment in the state-owned capital non absolute holding company.The regulation effect of product market competition on innovation output is not significant.The specific chapters of this paper are arranged as follows: the first chapter describes the research background of this paper,puts forward the research problems under this background,the research significance,content,method and innovation of this paper.The second chapter first defines the relevant concepts;secondly,combing the research of mixed ownership enterprises and enterprise innovation,product market competition and enterprise innovation,and puts forward the research perspective and direction of this paper.Chapter three,theoretical analysis and research hypothesis.This paper analyzes and discusses the relationship between the mixed reform of state-owned enterprises and the innovation of enterprises,as well as the effect of product competition market on the relationship.On this basis,four hypotheses are put forward.Chapter four,research and design.Define the concept and calculation method of main variables.Then,on the basis of previous research on innovation,combined with the hypothesis of this paper,the research model is constructed.In the fifth chapter,we use statistical software to integrate data processing into feasibility samples,based on descriptive statistics,correlation analysis and multiple regression empirical data to test whether the hypothesis is true,and to test the robustness.The sixth chapter is the conclusion and suggestion.