Research On The Impact Of Family Businesses Introducing State-owned Capital On Technological Innovatio

The report of the Twentieth National Congress of the Communist Party of China(hereinafter referred to as the "CPC")clearly expresses the firm determination to promote the development and growth of private economy,accelerate the construction of world-class enterprises and support the development of medium,small and micro enterprises,which can help build a high-level socialist market economic system.The Fourteenth National Congress of the CPC attaches importance to technological innovation,which is an important way for enterprises to obtain good international competitiveness.Family enterprises are the most important in private enterprises,but many family enterprises have insufficient funds,emotional links and other factors hinder the vitality of technological innovation.State-owned capital has the advantage of capital resources,relying on investment,equity participation and other forms of reverse mixing to create good conditions for technological innovation of family enterprises with broad prospects.Therefore,scientifically and accurately guiding family enterprises to introduce state-owned capital and find a reasonable path to promote technological innovation of family enterprises are not only conducive to further promoting the mixed ownership reform,but also able to promote the steady implementation of the innovation-driven development strategy of our country,and the research has social practical significance.This paper selects Wanliyang as a case study,first of all,combing the case of Wanliyang to introduce state-owned capital Chery motivation and specific process.Secondly,this paper analyzes the change of technology innovation after the introduction of state-owned capital,and evaluates the development of technology innovation from innovation input,innovation output and innovation efficiency.Finally,the paper compares Wan’an Technology with Wan Liyang,a case company,to explore the path of technological innovation after Wan Liyang’s introduction of state-owned capital.Through the study of Wanliyang,this paper draws the following conclusions: Firstly,Wanliyang has greatly stimulated the vitality of technological innovation after the introduction of state-owned capital.Secondly,we get three paths of the impact of the introduction of state-owned capital on technological innovation.(1)After the introduction of state-owned capital,Wanliyang’s corporate governance system will be improved,the growth of the overall governance capacity of enterprises will be facilitated,the highly centralized equity structure will be optimized,the organizational structure will be obviously innovated,and the decision-making efficiency of technological innovation of enterprises will be steadily enhanced,so as to provide institutional guarantee for technological innovation.(2)More attention has been paid to the employee incentive mechanism,and the organic connection between the long-term stock ownership incentive plan for middle and senior core employees and the short-term remuneration,reward and punishment mechanism for grass-roots employees is conducive to enhancing the accumulation of knowledge on technological innovation and providing human resources guarantee for technological innovation(3)The financing capacity has been improved significantly,and Wanliyang’s anti-risk capacity in the process of implementing technological innovation activities has been enhanced significantly,so as to provide financial guarantee for technological innovation.Therefore,family enterprises may,by introducing state-owned capital,achieve their goals of improving technological innovation by using reasonable paths.Finally,based on the conclusions of this paper to the family business,state-owned capital and the government put forward three countermeasures and suggestions for future research.