Trust and Innovation Mechanism in Mixed Ownership M&As of SOEs-Literature Analysis Based on CNKI Database

With the development of mixed ownership reform research, mergers and acquisitions (M&As) have become an important means. Although M&As can combine the capital and production factors of "state-owned" with "non-state-owned," the question whether non-state-owned enterprises are willing to contribute innovation and help state-owned enterprises (SOEs) absorb them needs to be explored. The article draws data of the literature related to the mixed ownership reform of SOEs published from China National Knowledge Infrastructure (CNKI) as the literature pool and uses the visual analysis software VOSviewer and COOC to get a knowledge map of literature. Furthermore, the article uses different index evaluation systems to measures the context of the innovation mechanism and the trust mechanism in the mixed reform of SOEs. The research finds that as an informal institution, trust can effectively making up for the shortcomings of the formal system of enterprises after M&A. It plays an important synergistic effect in the M&A integration of mixed ownership as a regulatory mechanism, which provides a new perspective for understanding the behaviors in M&A in China's mixed ownership reform in the transition economy stage, but also enriches the research field of informal system.