| With the rapid development of science and technology, human society has entered a new era since the second half of the 20 th century. Forthe development of national economy, all the countries in the world aretaking theinnovation-orientedroad by vigorouslypromoting technological innovation.Enterprises, as the principle part of technological innovation, have an important influence on the country’s economicdevelopment. How to improve the performance of technological innovation has become a hot issue in the theoretic and practical field. Due to the particularity of China’s economic system, the connection among enterprise’s market structure, technological innovation behavior and performance is also unique. Within a specific period of time, companies can not choose the market structure it will face, but they can choose the appropriate ownership structure to change investment policy in R&D resources, and take the initiative to adapt to the influence of specific market structure on their innovation activities.In this context, lots of literature were reviewed and presented in this study. On this basis, this research elaborated the inherent connection among ownership concentration, R&D investment and technological innovation performance. It compared the factors that influence firm technological innovation performance in monopoly and competitive market structure. In order to validate relevant assumptions, this study selected the panel data of listed companies in Shanghai and Shenzhen in 2010 and 2012 as study subject and collected innovation data from Corporate Annual Report. In accordance with the criteria for the classification of market structure, the samples were divided into monopoly and competitive market to build the production function of R&D input and output. The R&D investment was further divided into personnel and capital investment. They were put into the production function, together with other factors, to analyze the interrelation of ownership concentration, R&D investment and innovation performance. A Comparative analysis of two market structure was then conducted. After using SPSS and EVIEWS for statistical test and regression analysis, the results showed that the influence of ownership concentration and R&D investment on innovation performance is affected by the market structure. In a monopoly market structure, ownership concentration, R&D personnel and capital investment has a significant positive effect on innovation performance.R&D personnel investment in driving force of technological innovation performance is greater than the R&D capital investment. There are increasing returns to scale ofR&D personnel and R&D capital investment in innovation performance;In a competitive market structure, there existsa significant positive correlation between R&Dcapital investment and innovation performance. While the effect of ownership concentration and R&D personnel investment on firm innovation performance is not significantly correlated.Technological innovation performance is mainly driven by capital investment, and there are decreasing returns to scale of R &D investment in technological innovationperformance.At last, according to the results of the empirical research, this paper put forward countermeasures and suggestions to improve technological innovation performance of enterprise under different market structures. It also pointed out the shortcomings of this research and made a prospect for further research. |
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