供给侧改革下国企改革与创新效率的制度分析

The Systemic Cause of Power Shortage and Inefficient Investment From State-Owned Enterprises' Innovation Activities Under the Supply-Front Economics

在供给侧改革背景下,国企创新动力不足、创新效率低下是当前国企改革面临的主要问题,而国企的垄断程度普遍较高,因此,找到导致国企创新动力不足与创新效率低下问题的制度性根源自然成为破解国企改革路径僵化的破冰之举。本文利用2008~2016年国有上市公司数据,实证研究发现在全行业中,垄断程度越高,创新投入越少;竞争程度越高,创新投入越高。垄断性行业中,国企的垄断程度越高,创新积极性越弱,且经营效率低下;竞争性行业中,随着市场竞争程度的增加,国企的创新投入会增加,但垄断阻碍市场竞争,导致创新效率仍旧低下。

Under the supply-front economics, the state-owned enterprises have to solve the problems of innovation powershortage and low innovation efficiency. Thus, find the cause of these problems systemic sources is waiting to be solved. We use thedata of 2008-2016, empirical research found that higher degree of monopoly lead to less innovation investment and efficient; thehigher the level of competition, innovation investment and efficient go higher. As for the monopoly industries, the higher degree ofmonopoly lead to the weaker innovative enthusiasm, and low performance. As for the competitive industries, as market competitionincreases, the state-owned enterprises will increase investment in innovation, but innovation efficiency is still low.