Research On The Influence Of Internal Control Rirhts's Allocation On The Intencity And Structure Of Technology Innovation Investment In Rrivate Enterprises

With the growth of economic is slowing gradually,the economic development of our country are having to power driven by elements and investment drive towards innovation drive,and the content of the innovation driven strategy is to strengthen enterprise's technology innovation investment consciousness and behavior.Under the background of China's transrormation,the innovative behavior of private enterprises is widely concerned.There is evidence that private enterprises are more powerful in technological innovation.Therefore,based on the theoretical analysis,this paper empirically studies the influence of the three important dimensions of internal control right's allocation on the intencity and structure of investment in technological innovation of private enterprises in China.In order to test and verify the theoretical analysis results of this paper,based on the shenzhen small and medium-sized plate of private manufacturing listed companies' s related data in 2011-2016 as the research samples,empirical research on the the relationship between internal control right's allocation and private enterprises' s intencity and structure of the technology innovation investment.The research draws the following conclusions:(1)The intencity of enterprise's technology innovation investment and ownership concentration significantly manifestates inverted "U" shaped relationship,the inverted "U" shaped relationship is mainly bythe relationship between technology upgrading investment and the ownership concentration.(2)Enterprises' s technology innovation investment intensity and control right's incentive show "U" type relationship,which is more significant in technology upgrading investment.(3)The combination of the chairman and the general manager has no significant impact on the intencity and structure of the investment in technological innovation of the enterprises,but it shows a positive relationship.The innovate points of this paper is to focus on the internal control right's allocation,and see the relationship between internal control right's allocation and technology innovation investment as the decision-making process and product,and then study the relationship between them.In addition,in this paper,the technological innovation investment is deconstructed,otner than the widely study of R&D now,and also introduce the technology upgrading investment,determines which part of technology innovation investment depends on the allocation of the internal control right's more clearly,to expand the related dimensions of predecessors about the research of the relationship on internal control right's and technology innovation investment.