Research On The Influence Of Ownership Structure On Enterprise Innovation Behavior

The past 40 years of reform and opening up have passed.Although China’s economy has achieved world-renowned achievements,the main way to promote China’s economic growth is still the high-input,high-consumption,high-growth "Kuznitz growth" model,not technological innovation.And effective use of resources.With the acceleration of economic globalization,China is in a crucial year of transitioning the economy.The uncertainty and variability of the market environment have put forward higher requirements for corporate governance.From the perspective of corporate governance,the ownership structure of an enterprise directly determines the nature of the enterprise,determines the corporate governance and management model,determines the innovation tendency,behavior and risk response ability of the operator,and has an important impact on the technological innovation of the enterprise.The impact of ownership structure on corporate innovation behavior has been a controversial issue in the field of innovation.Many domestic and foreign scholars have carried out research on a subject in order to point out the direction of corporate development,but the research on the impact of ownership structure on corporate innovative behavior has not reached a completely consistent conclusion.Therefore,the research on the impact of ownership structure on corporate innovation behavior has great theoretical and practical significance.It can guide the direction of innovation for enterprises with different ownership structures,improve the level of technological innovation in enterprises,and then enhance the overall level of innovation in China.In the efficient innovation,we will find a way out for our own development.This article uses data from the 2012 World Bank Enterprise Survey to examine the innovation behavior of Chinese enterprises in a transitional economy from the perspective of ownership structure,and to study the relationship between ownership structure and enterprise innovation behavior.Starting from the literature and combining previous research results,in-depth verification is expected to obtain more credible results.Based on the theory,combined with the 2012 World Bank questionnaire data for empirical analysis.Using two different types of enterprise innovation behaviors as the measurement indicators of enterprise technology innovation,and ownership concentration,state ownership,institutional ownership,foreign ownership,and the affiliation of business groups as the measurement indicators of ownership structure,the enterprise data is analyzed.The study found that external ownership holds the greatest impact on corporate innovation behavior;state and institutional ownership has a positive impact on innovation behavior,but is relatively lagging behind.As the empirical results show that the state ownership has a negative relationship to corporate innovation behavior,contrary to assumptions,further analysis of the wholly state-owned enterprises was conducted.According to the case analysis of the Panda Electronics Group,it was found that although wholly state-owned enterprises may own There are many funds and resources to support,but because the government acts as the business owner,under government intervention,companies may pay more attention to government goals rather than corporate innovation goals,so state ownership may have a negative impact on corporate innovation.