Using the microscopic data of China's industrial enterprises, this paper measures innovation efficiency by the sales revenue of new products as a share in total sales revenue, and examines SOE mixed ownership reform...Using the microscopic data of China's industrial enterprises, this paper measures innovation efficiency by the sales revenue of new products as a share in total sales revenue, and examines SOE mixed ownership reform's innovation efficiency effect using PSM method under a "quasi-natural experiment" theoretical framework. Results indicate that: Mixed-ownership reform can significantly increase corporate innovation efficiency. Reformed SOEs are more efficient at innovation than foreign-funded firms, private firms and firms invested by Hong Kong, Macao and Taiwan. This paper provides robust evidence for evaluating SOt? innovation performance after mixed-ownership reform, and offers policy implications for promoting SOE mixed-ownership reform.展开更多
基金Key Program of the National Natural Science Foundation of China(NSFC)“Mechanism and Policy Research for the Promotion of Industrial Transition and Upgrade in Economically Prosperous Regions”(71333007)Program of National Natural Science Foundation of China(NSFC)2017“Study on the Coordination Mechanism for Competition Policy and Access Regulation”(71773039)Program Supported by Industrial Development and Guangdong-Hong Kong-Macao-Taiwan Regional Corporation Research Center of Key Humanities and Social Sciences Research Center for Regular Institutions of Higher Learning in Guangdong Province“Mixed Ownership and Administrative Review and Approval System Reform”(52702497)
文摘Using the microscopic data of China's industrial enterprises, this paper measures innovation efficiency by the sales revenue of new products as a share in total sales revenue, and examines SOE mixed ownership reform's innovation efficiency effect using PSM method under a "quasi-natural experiment" theoretical framework. Results indicate that: Mixed-ownership reform can significantly increase corporate innovation efficiency. Reformed SOEs are more efficient at innovation than foreign-funded firms, private firms and firms invested by Hong Kong, Macao and Taiwan. This paper provides robust evidence for evaluating SOt? innovation performance after mixed-ownership reform, and offers policy implications for promoting SOE mixed-ownership reform.