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

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.