Research On The Impact Of Corporate Governance Structure Of Strategic Emerging Industries On Technological Innovation

Technological innovation has a significant role in promoting social and economic growth in today's high-speed information environment.Strategic emerging industries,as a new force to promote scientific and technological progress in the world,play an important role in promoting the rapid recovery of the global economy.At the same time,the level of technological innovation represents the level of technological innovation of high-tech companies in the entire country.The problem is to improve the level of technological innovation.The corporate governance structure,as the organizational system and institutional framework of an enterprise,is not only the foundation of technological innovation,but also the guarantee of technological innovation.In view of this,this article starts with strategic emerging industries to analyze the impact of corporate governance structure on technological innovation.First of all,the research background and significance are elaborated,and the research perspective and research content of this article are put forward based on the summary of the current research status at home and abroad.Secondly,the concepts of corporate governance structure and technological innovation are defined,and based on the analysis of the separation of powers,principal-agent theory,incentive theory,technological innovation theory,and strategic emerging industry corporate governance structure and technological innovation status analysis,the research hypotheses in this paper are proposed.Then,the data of 137 listed companies in the new energy industry—new energy industry—from 2010 to 2018 are selected with a certain representativeness,and multiple regression analysis is used to demonstrate the impact of each element of the corporate governance structure and the comprehensive index on technological innovation,and to make research assumptions.The test shows that:(1)The higher the degree of equity concentration,the less conducive to technological innovation in strategic emerging industries;(2)The greater the degree of equity checks and balances,the more conducive to technological innovation;(3)The ownership attribute has no significant effect on technological innovation;(4)The larger the size of the board of directors,the more beneficial it will be to the technological innovation of strategic emerging industries;(5)The higher the proportion of independent directors,the more conducive to technological innovation;(6)The separation of the two roles of chairman and general manager will be beneficial Technology innovation;(7)The higher the education level of the board of directors,the more it will have a beneficial effect on the technological innovation of strategic emerging industries;(8)Both salary and equity incentives will promote technological innovation;(9)The higher the corporate governance comprehensive index,The more conducive to the technological innovation of enterprises.Finally,on the basis of the above conclusions,this article analyzes the reasons and combines the actual situation of strategic emerging industries,and proposes countermeasures to improve the technological innovation of strategic emerging industries from the perspective of corporate governance structure.Through the research in this article,it is beneficial to explore how the governance structure of strategic emerging industries affects technological innovation,so as to enhance the technological innovation strength of strategic emerging industries and promote their long-term development.