Corporate Governance Structure Of Enterprises' Technological Innovation Research

It's core competence that is the key to an enterprise's success in current competitive market environment. To develop one's core competence, technological innovation plays the most important role. However, it's very likely that the innovation activity will be obstructed once the corporate governance structure of the enterprise cannot satisfy the need in the innovating procedure, which will further lead to adverse impact to the development of the company. As we can see, the corporate governance structure does not only provide the basic condition to technological innovation, it also has a very critical influence on the innovating procedure. So it is of great practical significance to consummate the corporate governance structure to create favorable environment for innovation.In this paper, the author focuses on the study of the influence of corporate governance structure on the technological innovation. Based on the theoretical analysis of factors which can affect the technological innovation, combined with the theory of corporate governance and technological innovation, the author sets up a conception model. This model successfully illustrated the mechanism between the technological innovation and stock right structure, board structure, the incentive and restraint mechanisms for operators and the affection of other stakeholders in the corporate governance structure. Furthermore, the author proves this hypothesis by setting up Multiple Linear Regression Model with the data from electronic and information technology companies. At last, we put forward correlative policy suggestions.The main conclusions of the thesis and the main innovation has the following:Firstly, from the view of corporate governance, not only researches the influence of ownership structure, board structure, and incentive and restraint mechanisms on technological innovation, but also investigate the influence of other stakeholders on technological innovation.Secondly, based on the theoretical research, proposed corporate governance structure on the impact of technological innovation enterprise conceptual model innovatively and explained how to impact the enterprise technology innovation.Lastly, Concentration from the equity, board structure, incentive and restraint mechanisms operators and some aspects of the structure of assets and liabilities carried out by empirical research, the following conclusions: Technological innovation and the concentration of ownership shows "U"-shaped relationship; Independent directors and corporate technological innovation was a negative correlation; Chairman and General Manager of one of the two-level technological innovation of enterprises has a positive impaction; The operator has the appropriate incentives conducive to technological innovation of enterprises.The researches have the practical significance to promote technological innovation and development of corporate governance.