Redundant Employment and Innovation of State-owned Enterprises
WANG Jingyu1, ZHANG Wenke1, LI Huicong2
1.Accounting School, Central University of Finance and Economics, Beijing 100081, China; 2.Business School, Beijing Technology and Business University, Beijing 100048, China
Abstract Taking the state-owned listed companies from 2008 to 2018 as samples, this paper emphatically studies the relationship between redundancy and enterprise innovation in state-owned enterprises. The research finds that the influence of redundancy on the innovation of state-owned enterprises has an interval effect, that is, moderate redundancy helps to improve the R&D investment of state-owned enterprises in a certain range, but with the continuous increase of the burden of redundancy in state-owned enterprises, the pressure mechanism of redundancy weakens, thus restraining the R&D investment of state-owned enterprises. Further research shows that the degree of product market competition has a negative moderating effect on the correlation between redundancy and R&D investment. In addition, the correlation between redundancy and R&D investment in state-owned enterprises is more significant in commercial state-owned enterprises than in public-welfare state-owned enterprises, and the robustness test is carried out to ensure the robustness of the results. His external environment variables, such as year, industry and so on, have no significant impact on the results.
2020, Vol. 37 
