Corporate Ownership Structure, The Relationship Of Scale And Technological Innovation Research

In the 21st century, economic globalization has been accelerated and science and technology are developing rapidly. Changeable and uncertain market environment sets higher demands to enterprises. The enterprise can survive and develop only through continuous and efficient technological innovation.The enterprise's ownership structure determines the nature of the enterprise directly. It also determines the enterprise's organizational arrangement, governance's impacting, and management made. And even determines the attitude, conduct and risk bearing ability to innovation of manager. Ownership structure has an important impact on the technologyical innovation. The relationship between the size and the technological innovation always gives rise to disputes in the innovation field. A lot of scholars have carried out many theories and practice research, but they didn't get unanimous conclusion. The study on the relationship between the ownership structure, size and technological innovation has important theoretical and practical significance which could help enterprises in different ownership structures and different sizes to improve their ability of technological innovation and improve the overall level of technological innovation of our country.Taking the theoretical study as the beginning, the paper analyzese the ownership structure's influence on technological innovation, the enterprise size's influence on technological innovation and advantages of different size enterprise in technological innovation by study the theory of technological innovation, ownership structure and enterprise size. On the basis of theoretical study, the article proposes assumptions on the relationship between ownership structure, enterprise's size and technological innovation, and makes the empirical research with the panel data of China's manufacturing listed-enterprises from 2007 to 2009. Taking expenditures of research and development as a index of enterprise's technological innovation, taking whether it is state-owned enterprise and the proportion of the largest stockholder holding as indexes of enterprise's ownership structure, and taking revenue as a index of enterprise's size, the article carries out the multiple linear regression and logistic regression to analysis the sample data. The results are as below:There is no linear relationship or curve relationship between ownership structure and technological innovation; Enterprise'size has positive effect on technological innovation. Lager the size is, more befifits the enterprise has in technological innovation. In the end, the paper analyzes the possible reasons which may affect the results of empirical research, and proposes the direction of future research.