Mixed-ownership reform of energy storage enterprises

Does mixed ownership reform promote innovation of state-owned enterprises?

Clarifying the incentive and constraint mechanism of mixed ownership reform on innovation of state-owned enterprises is the basic premise of deepening the reform of state-owned enterprises and promoting innovation of state-owned enterprises.

Do SOEs undertake mixed ownership reforms?

However, whether SOEs undertake mixed ownership reforms may be non-random (Guo and Yao, 2005) and the government may target mixed reforms based on improving SOE efficiency or fiscal pressure (stopping subsidies for loss-making enterprises).

Does mixed ownership reform improve corporate governance?

Therefore, mixed ownership reform helps enterprises improve corporate governance, reduce moral hazard of operators, and encourage innovative activities by increasing the proportion of non-state shares, employee stock ownership plan, and improving the system of state capital operation (Aghinon et al., 2013).

Does mixed-ownership reform improve energy consumption structure?

In addition, the empirical results reveal that mixed-ownership reform plays a part by improving energy consumption structure, which means that due to the introduction of non-state capital and a sound and flexible market mechanism, the mixed-ownership reform can significantly reduce the carbon dioxide emissions of industrial enterprises.

Does mixed ownership reform increase innovation capacity?

From the first three columns of Table 3, it is found that r e f r o m i t the regression coefficients of are significantly positive at the 1% significance level, indicating that SOEs that underwent mixed ownership reform have higher innovation capacity compared to those that did not, and this result also supports Hypothesis 1.

Does mixed-ownership reform improve SOE efficiency?

IMF’s report (2017) points, mixed-ownership reform, in which private capital is allowed to invest in government-run enterprises, is still unclear whether the mixed-ownership model is effective to improve SOEs’ efficiency.