Empirical Study On The Relationship Between Ownership Structure And Technological Innovation Performance Of Chinese New Energy Automobile Enterprises

In the long history of the development of new energy vehicles,China's new energy vehicles are developing rapidly.General Secretary Xi also said that the development of new energy vehicles is the only way.Although China's new energy vehicle production and sales rank first in the world,but if carefully analyzed,China's new energy vehicle development still has shortcomings,the technological innovation ability is not strong.Among the factors affecting the innovation ability of enterprises,the shareholding structure is the most important one.Therefore,this paper will analyze and demonstrate the ownership structure of the enterprise,and conduct research and analysis on the equity structure and technological innovation performance.In the first chapter,the paper introduces the background and significance of this research,and analyzes the innovations and deficiencies of this paper.The second chapter summarizes the development of China's new energy auto companies,and analyzes new energy through relevant literature at home and abroad.The status quo and trend of automobile enterprises,the relationship between ownership structure and technological innovation performance of enterprises.The third chapter uses the three characteristics of enterprise ownership,equity concentration and equity balance to represent the shareholding structure,and the R&D investment as the proportion of the main business income and the total number of patents approved by the enterprise to measure the technological innovation performance of the enterprise.This paper selects a new energy vehicle listed company from 2012 to 2017 as a research sample,and takes the proportion of R&D investment in the main business income and the total number of patents approved by the enterprise as the explanatory variables;the nature of enterprise ownership,equity concentration and The equity balance is an explanatory variable;and six control variables are set to empirically test the hypothesis and the theoretical model.The empirical results show that in the listed companies of new energy vehicles,there is no significant correlation between the nature of enterprise ownership and the performance of technological innovation of enterprises,and there is no influence between them;the correlation effect between equity concentration and innovation investment of enterprises Not significant;there is a significant positive correlation between equity concentration and corporate innovation output,and higher equity concentration is conducive to enterprise innovation output;There is a significant positive correlation between equity balance and corporate innovation investment.Higher equity checks and balances are conducive to corporate innovation investment;there is a significant negative correlation between equity balance and corporate innovation output,and higher equity checks and balances.Degree is not conducive to corporate innovation output.There are some differences between the empirical results and the expected hypothesis.After searching the relevant literature,the differences in the fourth chapter are the reasons for this result.I hope that in the future related research,we can conduct more in-depth research on these reasons..In the fifth chapter,based on this result,the relevant proposals for the technological innovation of enterprises are proposed for the listed companies of new energy vehicles in China.