Ownership Structure Of The High-tech Enterprise To Study On The Influence Of The Independent Innovation Ability

The innovation of science and technology has been playing an important role in the development of the world. The innovation performance in high-tech enterprises is particularly prominent. Therefore, high technology enterprises still become an important member in the enterprises of our country. But compared with western countries, R & D investment shortage has become the bottleneck of China’s high-tech enterprises to improve the level of science and technology innovation competence. Therefore, it is very necessary to study on the influence factors of enterprise independent innovation ability.I carry on research of ownership structure on the high technology enterprises in reading a lot of literature. Ownership structure is the most important factor for effective corporate governance mechanism and is the foundation of governance structure. The level of corporate governance in western countries is very high, it is four times of Chinese enterprises. Gap so large should arouse our attention. Therefore, with the high technology enterprises as the breakthrough point, discusses how to optimize the ownership structure has the profound theory significance and the practice significance to promote enterprise independent innovation ability.Firstly, This paper discusses the structure of the analysis of the functional mechanism between the ownership structure and the capability of independent innovation, And put forward the research hypothesis based on the theory of corporate governance, agency theory and so on:A negative relationship between ownership property and enterprise independent innovation ability; ownership concentration, ownership balancing degree and the proportion of management shareholding are negatively related to enterprise independent innovation ability. Confirmed the relationship between ownership structure and in R & D and R & D output, combined with the actual situation to propose the policy suggestion, At the same time, pointed out the shortcomings and defects exist in this article, and expected the future research. Specific arrangements for the key of the chapters are as follows:The first part is the capability of independent innovation of the relationship between ownership structure. The ownership structure how to affect the ability of independent innovation. In this chapter, I use the principal agent theory to explain the relationship between the ownership structure and the ability of independent innovation. Finally, this thesis defines the influence of ownership structure on the independent innovation ability.The second part is the index selection and model construction. This chapter is mainly based on the analysis of the fourth chapter and put forward the research hypothesis and select proper index.The third part is the empirical analysis. Through collecting and sorting out the data of financial statements of spending on research and development of high-tech enterprises in China, Combined with the four aspects of ownership structure:the nature of equity, equity concentration, equity balance degree, the proportion of managerial ownership, making a descriptive analysis and regression analysis. I investigate the influence of ownership structure on the capability of independent innovation, and finally make the research conclusion.