关键词: 国有企业 , 创新动力 , 创新能力 , 创新绩效

Abstract: Stateowned enterprises are not only an important source of independent innovation, but also an important part of national innovation system and innovationdriven development. Nonetheless, many scholars believe that stateowned enterprises lack innovation power and efficiency, and that national innovationdriven development can only rely on private enterprises. This theory based on the nature of ownership is misguided and misleading. The study of this paper shows that the lack of innovation performance is neither universal nor inevitable phenomenon. More importantly, institutional improvements can effectively enhance the power and efficiency of innovation. Further empirical analysis based on listed manufacturing companies also shows that the innovation performance of stateowned enterprises is significantly higher than that of private enterprises, which proves that innovation capacity of SOEs is not lower than other types of enterprises.

Key words: state-owned enterprises , innovation power , innovation ability , innovation performance