Research On Corporate Governance And Technology Innovation

Technology innovation is the source of human wealth and the motivity of economy development. For a enterprise, technology innovation is the direct source of its competitive ability. Today, the importance of technology innovation has been acquainted by people. The factors that affect technology innovation are various. As a set of system, Corporate Governance affects technology innovation fundamentally. Corporate governance is belong to the framework of production relation, and technology innovation is belong to the productivity's category, the relationship between productivity and production relation is also suitable to technology innovation and corporate governance. But considering this partially and statically, we think that the function of regulation is more basic, usually the system decides technology development and technology develops under particular system frame. This is the intention that people design system. That is to say, through a series of rule, we can control the people's behavior, and offer guarantee for the development of technology and other factors. The activity of technology innovation also proceeds under the particular frame of corporate governance .As a set of system, corporate governance can avoid the ^determination of people's behavior and can reduce bargain cost, thereby guarantee the decision's science and rationality through particular incentive and restrictive mechanism. Based on this, the author think that corporate governance is the source of enterprise technology innovation and that technology innovation must be executed with the reformation of the corporate governance simultaneously and that the reformation of corporate governance is the premise and initial mission for technology innovation to be executed successfully. What influence does corporate governance bring to technology innovation, and what's mechanism through which governance affects technology innovation, and what problems exist in the state-owned listed company, and what measure we should take? it will be answered in this thesis.This thesis is divided into four parts:The first part overviews the basic theories about innovation and governance. It mainly introduce the theory and definition about technology innovation and corporate governance .On this basis, the author analyzed the importance of governance to technology innovation and point that governance is the source of technology innovation, and that the reformation of governance is the premise and initial mission for technology innovation to be executed successfully, the first part aims to lay the foundation for the later charters.The second part discussed the effects of governance on technology innovation. In this part, I first analyze the content of effects of governance on technology innovation,and point that governance will affect the motivity and ability of technology innovation, the strategy selection of enterprise technology innovation, decision efficiency and performance evaluation of technology innovation. Then, I compare the difference of the two typical governance models in west countries and their effects on technology innovation. The result shown that different governance model has different effects on enterprise technology innovation, and that ownership structure, board of directors, the manager incentive and restrictive mechanism and stakeholders will affect technology innovation greatly. The comparison can provide lessons for the governance reformation of state-owned listed company of our countryThe third part elaborated the current problems that exist in state-owned listed corporation of our country .The analysis shown that there are many problems about ownership structure, board of directors, incentive and restrictive mechanism and stakeholders. First ,the ownership structure is not proper. This can be seen in two aspects, one is the over-concentrated ownership structure, and the other is that the state-owned property right keeps unchanged. This problems make the restriction efficiency low, and the manager may divagate the goals of...