State-owned enterprises participation in private enterprises and innovation investment - Based on the moderating effect of government subsidies

摘要

The state-owned capital shares in private enterprises is also one of the ways of mixed ownership reform. In the context of mixed ownership reform, one of the purposes of introducing state-owned equity into private enterprises is to provide assistance and support for the state-owned enterprises that focus on Cultivation and development by virtue of the unique resource advantages of state-owned equity. Strategic emerging industries are the enterprises that the state vigorously develops. This article shows by establishing a moderating model that the state-owned equity will promote the innovation investment of strategic emerging industries, and the government subsidies have a stronger role in promoting innovation investment in private enterprises that have carried out mixed ownership reform.