Research On The Innovation Capability Of Private Enterprises Based On State-owned Capital’s Shareholding

Enterprise innovation is the key to the country’s independent innovation.The country’s sustainable development and economic growth are inseparable from enterprise innovation.Furthermore,the innovation ability of an enterprise can affect the return on investment and market value of the enterprise.Advantages can also establish technical barriers,which in turn affects the survival of enterprises.Enterprise innovation is the key to the country’s independent innovation.The country’s sustainable development and sustainable economic growth are inseparable from enterprise innovation.Further speaking,the innovation ability of enterprises can affect the return on investment and market value of enterprises.Through the establishment of comparative advantages,technical barriers can also be established,which will affect the survival of enterprises.Based on the grounded theory,this paper studies the impact of state-owned capital participation on the innovation ability of private enterprises under the background of mixed ownership reform.This paper uses three steps of grounded theory coding: open coding,spindle coding and selective coding to analyze 8 private listed companies with state-owned capital participation in the environmental protection industry.Through the information extraction of the original data of case enterprises,this paper summarizes the impact mechanism of state-owned capital participation on the innovation ability of private enterprises under the background of mixed ownership reform,Based on this,this paper constructs a theoretical model of the impact mechanism of state-owned capital participation in private enterprises on the innovation ability of private enterprises.Through multi-step coding analysis,it can be analyzed that under the background of mixed ownership reform,the participation of state-owned capital has brought talent reserves for enterprise innovation to private enterprises,provided academic resources for enterprises to build an integrated platform of industry,University and research,and enhanced the theoretical accumulation of enterprises in technology;It provides direct and indirect financial support to private enterprises through credit and the ability of private enterprises to innovate;Through resource integration with private enterprises,we can provide private enterprises with certain market resources and promote private enterprises to improve their core competitiveness.Through the integration of corporate culture,state-owned shareholders advocate the innovation culture of private enterprises,pay attention to the innovation work of enterprises,and indirectly guide private enterprises to pay attention to innovation;Through embedding Party organizations into all aspects of enterprise management,further give play to the leading role of Party construction and promote enterprise innovation;Promote the transformation of the profit model of private enterprises by promoting the transformation of the innovation strategy of private enterprises.On the one hand,the development of the industry is inseparable from the innovation promotion of enterprises.Moreover,under the background of 3060 double carbon goal,the industry has ushered in another period of strategic development opportunity.Only innovation can ensure that enterprises will not be eliminated.On the other hand,most enterprises in the environmental protection industry are affected by PPP projects,so they urgently need to change their profit model.Exploring new profit models is inseparable from enterprise innovation.Under the comprehensive influence,the innovation ability of enterprises has been improved.Then,using the theoretical model of the impact mechanism of state-owned capital participation in private enterprises on the innovation ability of private enterprises constructed by the article,this paper analyzes the innovation ability of Origin Water Co.LTD after introducing state-owned capital into China’s urban and rural areas,and finds that Origin Water Co.LTD can enhance its technology accumulation by strengthening technical exchange and cooperation with state-owned capital after introducing stateowned capital;China’s urban and rural areas will merge and deliver the businesses with horizontal competition between themselves and Origin Water Co.LTD to Origin Water Co.LTD for operation,reduce the capital pressure of Origin Water Co.LTD on the construction of PPP projects,integrate the market resources of both sides,and realize collaborative innovation in corporate culture and market resources;In addition,China’s urban and rural areas have enhanced the leading and promoting role of Party building in innovation through the embedding of Party organizations.At the same time,with the financial support of state-owned shareholders,enterprises quickly change their innovation strategy,promote the improvement of enterprise innovation ability and promote the transformation of profit mode.