The Effects of Internal Governance Mechanism on Technological Innovation of the Stated-Owned Enterprises:An Empirical Study
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Abstract:
Combining the resource-based view and corporate governance perspective and strategic management theory, the paper studies the effects of internal governance mechanism on technological innovation of the stated-owned enterprises. It is found that a significant and positive association among technological innovation, firm' s ROA, leadership structure and asset-debt ratio. Although the ownership concentration provides a negative effect, it is no evidence thats firm' s technological innovation is related to the firm' s shares holded by top management.
