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The effect of property rights and staff structure on the labor productivity, evidence of university spin-offs in Hubei Province, China

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Abstract

With the emergence of the Lewis Turning Point and the disappearance of Demographic Dividend, improving production efficiency has become an important issue in China. As a special type of enterprise in China, university spin-offs have both the elements of a state-owned economy and market economy. As the dual attributes of university spin-offs study the effect of enterprise ownership structure and staff structure on labor productivity, this becomes a critical issue. Based on the data of 151 university spin-offs in Hubei Province of China in 2017, this paper constructs a multiple regression model to analyze the impact of property rights and staffing on the labor productivity of employees. The results suggest that the coexistence of multiple staffing structures of university spin-offs is not only detrimental to their own development but also weakens the positive effect of clear property rights on labor productivity. Clarifying the property rights, reducing the number of public institution staff will lead to reforms of the university spin-offs in the future.

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Notes

  1. Shareholding ratio of the university in the enterprise >  = 50%.

  2. Enterprises with missing data such as the number of employees and their salaries have been eliminated.

  3. There are 60 enterprises from 6 universities directly under the MOE and 91 enterprises from 33 Local universities. the average annual wage of employees in urban units in Hubei Province was 55,903 yuan in 2017.

  4. Through the test of VIF value, there is no multi-collinearity in the model.

  5. The weight given by WLS estimation is the reciprocal of the square of residual term, aw = 1/e2.

  6. The inconsistent control variables in Eq. (6) (7) may also be the reason for the change of slope coefficient of Prop.

  7. Since the universities directly under the MOE in Hubei Province are all located in Wuhan, the control variable City column in the model (9) is empty.

  8. The interaction term is the moderator variable * the moderated explanatory variable.

  9. The variable Prop is a dummy variable, so it is not centralized.

  10. A policy of MOE of the People’s Republic of China to prevent the loss of state-owned assets of USO.

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Funding

This paper was partially supported by the special project of education reform and development of Hubei Provincial Department of education in 2019–2020 “investigation on the development status of enterprises affiliated to local colleges and universities in Hubei Province and Research on the reform of company system and supervision system.”

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Authors and Affiliations

  1. College of Economics & Management, China Three Gorges University, Yichang, China

    Sanhua Sheng, Hua Li, Weijun He, Thomas Stephen Ramsey & Liang Yuan

  2. School of Economics, Henan University, Kaifeng, China

    Hua Li

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  1. Sanhua Sheng
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  2. Hua Li
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  5. Liang Yuan
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Contributions

SS, HL and LY proposed the idea and conducted the research. WH and TSR revised the paper and guided the research.

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Correspondence to Liang Yuan.

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Sheng, S., Li, H., He, W. et al. The effect of property rights and staff structure on the labor productivity, evidence of university spin-offs in Hubei Province, China. Int J Syst Assur Eng Manag 14, 1855–1865 (2023). https://doi.org/10.1007/s13198-023-02011-1

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