Abstract:    The reform of mixed ownership is an important measure for state-owned enterprises to improve their internal governance structure and improve the degree of marketization. In the context of vigorous development of digital economy, it is worth exploring whether state-owned enterprises can empower digital transformation through mixed ownership reform. This paper selected the state-owned listed companies from 2008 to 2021 as the research sample, and empirically examined the impact and mechanism of mixed ownership reform on the digital transformation of state-owned enterprises with the help of a fixed-effect model. The results showed that: (1) mixed ownership reform can significantly promote the digital transformation of state-owned enterprises; (2) the promotion effect of mixed ownership reform on the digital transformation of state-owned enterprises is mainly achieved by inhibiting the managerial myopia and increasing the degree of strategic aggressiveness; (3) among Chinese central state-owned enterprises, companies where there is the relatively controlling position of state-owned shareholders and state-owned enterprises with high degree of competition in the relative industry, the promotion effect of mixed ownership reform on the digital transformation of state-owned enterprises is more significant. This paper will enrich the research on the economic consequences of the mixed-ownership reform of state-owned enterprises, reveal the internal mechanism of mixed-ownership reform to promote the digital transformation of state-owned enterprises, and provide empirical evidence for further promoting the digital transformation of state-owned enterprises and promoting the high-quality development of the digital economy.

Key words: mixed ownership reform, state-owned enterprise, digital transformation, managerial myopia, strategic aggressiveness