Research Article
Research on the Influence of Mixed Ownership Reform on Total Factor Productivity of China Central Enterprises
@INPROCEEDINGS{10.4108/eai.2-12-2022.2328717, author={Shanwen Cao and Tingting Zheng}, title={Research on the Influence of Mixed Ownership Reform on Total Factor Productivity of China Central Enterprises}, proceedings={Proceedings of the 3rd International Conference on Big Data Economy and Information Management, BDEIM 2022, December 2-3, 2022, Zhengzhou, China}, publisher={EAI}, proceedings_a={BDEIM}, year={2023}, month={6}, keywords={mixed ownership reform; total factor productivity; china central enterprises}, doi={10.4108/eai.2-12-2022.2328717} }- Shanwen Cao
Tingting Zheng
Year: 2023
Research on the Influence of Mixed Ownership Reform on Total Factor Productivity of China Central Enterprises
BDEIM
EAI
DOI: 10.4108/eai.2-12-2022.2328717
Abstract
This paper takes 397 listed A-share central enterprises from 2010 to 2020 as a sample and uses the model of Difference-in-Differences with Multiple Time Periods to analyze the impact of mixed ownership reform on total factor productivity of central enterprises. The main findings are as follows: (1) The mixed ownership reform can effectively improve the total factor productivity of central enterprises. (2) The heterogeneity test shows that the mixed ownership reform of SRDI enterprises plays a limited role in promoting the improvement of total factor productivity of enterprises. (3) After using one-lagged explanatory variable to test, it is found that the coefficient of one-lagged Mor is significantly greater, which confirms that the effect of mixed ownership reform has the hysteresis and needs a certain time to reflect.
