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### 混合所有制改革与国企创新效率 ——基于SNA视角的分析

• 出版日期:2019-11-25 发布日期:2019-11-28

### Reform of Mixed Ownership and Innovation Efficiency of State-owned Enterprise—An SNA-based Analysis

Wang Jing & Lan Meng

• Online:2019-11-25 Published:2019-11-28

Abstract: Reform of state-owned enterprises and improvement of innovation efficiency have an important impact on the development of our national economy. This paper adjusts the R&D accounting of enterprises under the SNA framework to measure the innovation efficiency through the stochastic frontier model, and with PSM-DID, this paper carries out research on how reform of mixed ownership effects the innovation efficiency of stated-owned enterprises. The research based on the total sample shows that mixed ownership reform has no effect of improving innovation efficiency; classified sample reseach indicates that the reform can improve the natural monopoly enterprises, which renders empirical support to the idea of mixed ownership reform by classification. Further research with faultline shows that mixed ownership reform changes the composition of the board of directors, and thus changes the decision-making environment and behavior of enterprises. Faultline of board of directors in mixed ownership reform positively regulates the impact of the reform on state-owned enterprises’ innovation efficiency. It provides a useful decision-making reference on how to improve the innovation efficiency of enterprises by means of mixed ownership reform.