Riassunto analitico
Since 1990s, State sector restructuring and downsizing has been the central component of China’s economic reform. In the latest years, the reform has focused on the introduction of mixed ownership, a program aimed at introducing strategic investors into some of the biggest SOE and that has been promoted due to two major financial and political factors: SOEs’ profitability has been declining and there are many heavily indebted and loss-making SOEs; dismantling bureaucratic interest groups in SOEs is crucial to Xi Jinping’s policy agenda as regards his anti-corruption campaign. The SOE reform aims at structural optimization through cutting excessive production capacity and upgrading technology. Since they are less productive than their private counterparts are, Chinese SOEs urge for capital, management expertise and capabilities in managing innovation. SOEs must focus on their core business, revise corporate governance mechanisms, and increase their competitiveness on a global level by enhancing their innovation capability and investing on technology. This work aims at investigating how mixed ownership reform might have an impact on SOEs’ innovation and competition and how the industry composition might change, by analyzing the patterns of innovation according to the ownership type.
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