An Empirical Study About The Influence Of Corporate Governance On Enterprises’ Technological Innovation

With the advent of knowledge economy and the accelerating pace ofeconomic globalization,technological progress and technologicalinnovation is becoming a main power behind economic development.Enterprises are not only the principal part of technological innovation,but the most flexible cells that promote China’s technological progress.Technological innovations contribute to the profitability of theenterprise, business growth as well as the business performance.However,Innovation capacity of Chinese enterprises is weak,there is a dependencyon foreign technology,which greatly restrains the improvement of China’sindependent innovation capability.In response to this situation,manydomestic scholars try hard to explore the factors restricting technologyinnovation,making many rewarding theoretical researches,which hasguaranteed this study carry out smoothly.This article studies influences of various dimensions of corporategovernance structure on technological innovation from the perspective ofthe corporate governance structure. Technological innovation,which issubject to the company’s institutional arrangements and intangiblecultural value model, changes the supplication and allocation of companyresources.That is to say, this behavior relies on the corporate governanceframework and changes the configuration of resources structure under theinfluence of corporate governance mechanism. Therefore, how corporategovernance mechanisms affect technological innovation and which kind ofgovernance structure can help the company to promote technologicalinnovation have become the focus of this study. Firstly,the article briefly describes the theoretical background,research purposes and practical guidance of the study,and then from themicro-level perspective,makes a review of the relevant researchliterature.Secondly, based on the analysis of the reference aboutcorporate governance, technological innovation and stakeholders, thearticle identifies the internal mechanism of corporate governance andanalyzes characteristics of technological innovation.It finds internalinterest conflictions during the process of enterprise innovation underthe framework of corporate governance.The empirical design choose sampleof listed companies from the rubber tire industry, define independentvariables and R&D as dependent variables and raise correspondingassumptions. Make descriptive statistics of sample data to introduce therubber tire industry. After the multicollinearity test ensuring thesoundness of the model,use multiple linear regression analyze andelaborate the empirical results.The fourth part brings up suggestions and policy recommendations toenhance the ability of technology innovation on the basis of the abovetheoretical analysis and empirical research.Finally illustrateslimitations of this paper as well as the direction of future efforts.