国有企业内部治理机制对企业技术创新的影响

The Effects of Internal Governance Mechanism on Technological Innovation of the Stated-Owned Enterprises: An Empirical Study

以企业资源理论、企业治理理论和企业战略管理理论为基础,从国有企业内部治理机制入手,实证检验中国国有企业内部治理机制对企业技术创新活动的影响。结果表明:中国国有上市公司资产收益率、领导权结构和资产负债率与企业技术创新有显著正的影响;股权集中度和公司规模对企业技术创新有负的影响;国有上市公司高层管理人员持股比例对企业技术创新没有影响。

Combining the resource-based view and corporate governance perspective and strategic management theory, the paper studies the effects of internal governance mechanism on technological innovation of the stated-owned enterprises. It is found that a significant and positive association among technological innovation, firm' s ROA, leadership structure and asset-debt ratio. Although the ownership concentration provides a negative effect, it is no evidence thats firm' s technological innovation is related to the firm' s shares holded by top management.