A Research Of The Influence Of High-tech Enterprises' Corporate Governance Structure To Technological Innovation On Small Medium-sized Board

In this era of the Internet economy the fast technological upgrading of enterprises and countries will undoubtedly put forward higher standards and requirements to seek innovation with efficient and continuous innovation is to maintain an important prerequisite for long-term development of the modern enterprise.From the microscopic point of view the company's core competitive advantage comes from technological innovation from a macro point of view technological innovation is an inexhaustible motive force for national economic growth.Therefore how to improve the technological innovation capability of enterprises under the existing conditions and thus achieve the purpose of maximizing corporate value become that more and more Chinese and foreign scholars attention and research focus.Based on previous studies of retrospective analysis combined with the current economic situation select small plates of high-tech enterprises as a target of Technological Innovation.China's current high-tech enterprises are the backbone of economic development and support is the most important group of technological innovation activities the Shenzhen Stock Exchange small plates to serve the high-tech and growth enterprises to locate enter the threshold of moderate degree of difficulty the size of their business and the ability to innovate better than GEM the motherboard is also higher than its innovative vitality of enterprises while small plates of high-tech enterprises in the past few years to promote the rapid development of science and technology played a role can not be ignored.Technological innovation is the survival of the small board high-tech enterprises the foundation of growth is the guarantee of economic development however many factors affect the technological innovation there are internal factors and external environmental factors.Analysis of the current economic environment in a relatively volatile period the development of different enterprises in this external environment the survival of the fittest survival of the fittest rule at this time has been fully reflected this article focuses on the corporate governance structure of the small plates Effect of high-tech enterprise technology innovation from the internal governance structure in-depth analysis select small plates of high-tech enterprises in manufacturing and a representative sample of the electronic information industry combining theoretical and technical innovation theory of corporate governance empirical analysis Construction of the corporate governance structure of innovation on the small board high-tech enterprise technology concept model of corporate governance structure analysis of ownership structure board structure the structure of the board of supervisors executives incentives on several levels of technology innovation and build multiple linear regression model regression analysis.The empirical results show that: the ratio of the largest shareholder and Business Technology Innovation show significant negative correlation;Blockholders and forming a negative correlation between technological innovation;institutional investors and technological innovation is positively correlated;state-owned property ownership does not benefit technological innovation made;board size and technological innovation is relevant chairman concurrently general manager does not benefit enterprises in technological innovation and the proportion of independent directors board meetings and the number of significant technological innovation is not obvious but the direction is shown to have a positive effect;Supervisory Board size and a negative correlation between technological innovation hightech executives incentives on enterprise technological innovation is positive Finally after a theoretical and empirical analysis of the presence of high-tech enterprises in the development of the issue and the future Looking recommendations but also lack of paper are described in the hope that future studies can be more in-depth and perfect for the healthy development of high-tech companies to do the reference basis.