The changes are studied in the electro‐physical and photo‐electric properties of InSb MOS structures of n‐ and p‐type, as well as changes in phase compositions of the oxide and in structural perfectness of the near‐surface semiconductor layer, under action of a constant electric field at 77 K. It is found that the changes can be explained by electrochemical interactions of electrons injected from the field electrode with antimony hydroxide, by interaction of hydroxyl groups separated from the hydroxide with interface boundary states, and by destructing interactions of electrons injected from the oxide with the lattice of the near‐surface semiconductor layer.