{"title":"State-owned equity and innovation performance of mixed-ownership enterprises in China: The moderating effect of marketization","authors":"Liu Ning, Zhang Honglie, Lin Meng","doi":"10.1002/mde.4374","DOIUrl":null,"url":null,"abstract":"<p>This paper aims to clarify the influence of controlling and participatory state-owned equity on innovation performance within mixed-ownership enterprises (MOEs), focusing specifically on the co-innovation effect of ownership structure. Empirical evidence suggests that controlling state-owned equity hinders innovation performance in MOEs. In contrast, participatory state-owned equity has the potential to significantly boost innovation performance in MOEs. Moreover, a more thorough analysis reveals that the level of marketization not only mitigates the inhibitory impact of controlling state-owned equity on innovation but also enhances the positive effect of participatory state-owned equity on innovation in MOEs. These empirically supported findings offer valuable insights for crafting effective policy strategies to promote mixed-ownership reforms in emerging economies.</p>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 1","pages":"282-293"},"PeriodicalIF":2.5000,"publicationDate":"2024-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Managerial and Decision Economics","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/mde.4374","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This paper aims to clarify the influence of controlling and participatory state-owned equity on innovation performance within mixed-ownership enterprises (MOEs), focusing specifically on the co-innovation effect of ownership structure. Empirical evidence suggests that controlling state-owned equity hinders innovation performance in MOEs. In contrast, participatory state-owned equity has the potential to significantly boost innovation performance in MOEs. Moreover, a more thorough analysis reveals that the level of marketization not only mitigates the inhibitory impact of controlling state-owned equity on innovation but also enhances the positive effect of participatory state-owned equity on innovation in MOEs. These empirically supported findings offer valuable insights for crafting effective policy strategies to promote mixed-ownership reforms in emerging economies.
期刊介绍：
Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perfom internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve.
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