Research on the System Dynamics of Deepening and Enhancing State-owned Enterprises Reform and the Paths of Governance Innovation_Vol. 2 No. 5 (JMSD 2025)_Journal of Management and Social Development (ISSN: 3005-5741)

Home > Journal of Management and Social Development (ISSN: 3005-5741) > Vol. 2 No. 5 (JMSD 2025) >

Research on the System Dynamics of Deepening and Enhancing State-owned Enterprises Reform and the Paths of Governance Innovation

Download PDF

DOI: https://doi.org/10.62517/jmsd.202512526

Author(s)

Haiyun Sun1, Xueyan Bo2,*, Dongdong Guo3

Affiliation(s)

1Department of Public Agministration, Party School of the CPC Shandong Provincial Committee (Shandong Academy of Governance), Jinan, Shandong, China 2Disaster Reduction Center of Shandong Province, Jinan, Shandong, China 3Shandong High-Speed Airport Logistics Development Co., Ltd., Jinan, Shandong, China

Abstract

State-owned enterprises (SOEs) have been identified as playing a pivotal role in the implementation of novel development concepts, the promotion of comprehensive economic and social development, and the provision of high-quality public services. Utilising a mixed-methods research approach, this study aims to develop a systematic governance framework by integrating hierarchical driving forces and adopting structural embeddedness, dynamic adaptability, and system symbiosis as new governance starting points to enhance innovation and reform effectiveness in SOEs. The study proposes a systematic reform strategy comprising the following elements: precise mixed-ownership restructuring, agile strategic decision-making processes, an internally and externally linked symbiotic innovation ecosystem, and iterative, flexible institutional design as key governance pathways. The implementation of these integrated measures is expected to fully unlock new developmental momentum in SOEs, mitigate secondary reform risks, and ensure effective and sustainable governance.

Keywords

State-Owned Enterprise; Deepening and Upgrading; Mixed-Ownership Reform; Governance Innovation Paths

References

[1]Rong Haozi. Further Deepening the Reform of State-Owneed Aseets and Enterprises to Establish A Multi-Functional and Coordinated Mechanism for the State-Owned Economy. China Review of Political Economy, 2025, 16(2): 126-148. [2]Chadwick Bahr Albrecht. Social Science Research Methods. Prentice Hall PTR, 1984, 02:10. [3]Douglass C. N. Institutions. Journal of Economic Perspectives, 1991, 5(1): 97–112. [4]Deepak Nayar. Catching Up: Developing Countries in the World Economy. Translated by Zhou Yuan and Gui Shan, Nanjing: Nanjing University Press, 2020: 057. [5]Sun Haiyun. Research on reform and development of state-owned enterprises: cognition, path and practice. People's Publishing House, 2022: 50. [6]Sun Baiying. The Practical Logic of Chinese Public Administration in the New Era. Administrative Forum.2021 (4):50-57. [7]Lin Yifu. Reflections and Suggestions on the Construction of China's Economics Theory System. University and Discipline.2021, (3):17-26. [8]Scott G D. Plant symbiosis in the attitude of Biology. Studies in Biology on 16 Edward Arnold London, 1969: 58. [9]Gibbs D. Industrial symbiosis and eco‐industrial development: An introduction. Geography Compass, 2008, 2(4): 1138-1154. [10]Bertalanffy Ludwig von. General System Theory: Foundations, Development, Applications. New York: George Braziller, 1968: 18. [11]He Aiping. The political economy of development: a theoretical analytical framework. Economist, 2013(5):5-13. [12]Jeroen S, Brandon H. Lee, Christopher B. Bingham. Collective Action Problems and Resource Allocation during Market Formation. Strategy Science. 2020, 5(3): 245-270. [13]Lisa M. Productivity in New Zealand: the role of resource allocation among firms. New Zealand Economic Papers, Taylor & Francis Journals, 2020, 54(1): 39-66. [14]Ozcan P, Santos FM. The market that never was: Turf wars and failed alliances in mobile payments. Strategic Management. 2015, 36(10): 1486-1512. [15]Xie Weimin. Chinese corporate innovation: based on the perspective of supply-side structural reform. Beijing: Social Science Literature Press, 2020: 156. [16]Mao Xinshu, Cao Guorong, Mao Ju, et al. Optimization of State-owned Capital Distribution and Efficiency of Corporate Resource Allocation——A Quasi-Natural Experiment Based on the Adjustment of CSOEs' Main Business. Nankai Business Review, 2025-05-20. [17]Yang Huixin, Jiao Yong. Theoretical Exploration and Practical Research on the Conversion of Old and New Dynamic Energy. Economic and Management Research.2018, (7):16-28. [18]Research Group of Institute of Economics, Chinese Academy of Social Sciences. Research on Layout Optimization and Structural Adjustment of State-owned Economy in the New Journey. Economist, 2023(9):5-13. [19]Hurwicz L. Organizational structures for joint decision-making: A designer’s point of view. M. F. Tuite，RK Chisholm，M Radnor. Interorganizational decision-making. Chicago: Aldine Publishing. 1972. [20]Hong Yinxing. Market order and regulation. Shanghai: People's Publishing House, 2007: 102-103. [21]Lin Pan. Theoretical Context Historical Experience and development direction of State Owned Economic Layout. Shanghai Journal of Economics, 2024(2): 30-40+82.