The Research Of Mixed Ownership Reform Of SOE And Enterprise Employee Education

Over the past 40 years of Reform and Opening in China,the reform of state-owned enterprises is deepening constantly,and the confidence of our country in cultivating enterprises with “global competitiveness” and “world-class” has become more and more firm.“The Fittest survives the Natural Selection”,the competition for comprehensive national power among countries has no longer been limited to competition for resources,products and capital,but more for the competition for people,especially for high-level and creative talents since the 21 st century.For now,striving to develop the mixed ownership economy and employee education are both the social-economic development strategies put forward by the Party Central Committee and the State Council in recent years.Whether or how do they influence each other? Or more specifically,will the employee education of state-owned enterprises be affected by the mixed ownership reform,and which industries and area will be affected seriously?In response to the above questions,this paper uses the 2003-2007 micro-firm data and Difference in Difference(DID)method to explore the impact of mixed ownership reform on employee education investment,and uses Difference in Difference in Difference(DDD)method to try to examine the cross-effect of mixed ownership reform and market power on the employee education investment based on the market power of each firm calculated.The results show that,there exists a significant “Catfish Effect” in the employee education for mixed ownership enterprises,that is,only when the market power is relatively low and the market competition is relatively fierce can the mixed ownership reform release certain policy dividends(i.e.,enhancing the enthusiasm of employee education).In particular,for the state-owned enterprises with higher market power,the reforms show some policy uncertainties and even weaken their investment in employee education.Moreover,this effect also shows some considerable heterogeneity in different industries and areas.Furthermore,considering that there are only four years of the data of explained variable in this paper in the Chinese Industrial Enterprise Database,and the data is lack of timeliness,so this paper uses the sample of CSMAR from 2007 to 2015 to verify the impact of privatization on the investment of enterprise employees as a supplementary study.Overall,the results of this paper mean that it is imperative to establish a top-level design that takes the relevance of the two policies into account.