摘要
为探究混合所有制股权结构对国有企业创新效率的影响,以2013—2017年我国上市公司数据为样本,对股权构成特征与国企创新效率进行实证研究。结果表明,与国有资本控股型企业相比,国有资本参与型企业的创新效率更高;国有资本持股比例增加,将促进国有资本参与型企业创新效率的提高;国有资本持股比例增加,将抑制国有资本控股型企业创新效率的提高。根据研究结论,提出我国在发展混合所有制经济时,应进一步减少国有资本绝对控股型企业的大股东持股比例,并适当增加国有资本参与型企业的国有资本持股比例。
In order to explore the impact of mixed ownership structure on innovation efficiency of state-owned enterprises,this paper made an empirical study on ownership structure and innovation efficiency of state-owned enterprises based on the data of listed companies from 2013 to 2017. The results showed that compared with the state-owned holding enterprises,innovation efficiency was higher in state-owned participating enterprises. The increase of proportion of state-owned shares would promote the innovation efficiency of the state-owned participating enterprises,and the increase of the proportion of state-owned shares would restrain the innovation efficiency of the state-owned holding enterprises. According to the conclusions of the study,the following suggestions were put forward: When the developing mixed ownership economy,the proportion of major shareholder should be further reduced in the state-owned holding enterprises,and the proportion of state-owned shares should be increased appropriately in the state-owned participating enterprises.
引文
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