Technological innovation empowered by ownership structure optimization:an empirical study based on panel data of Zhejiang agricultural leading enterprises

doi:10.3969/j.issn.1004-1524.2020.05.22

›› 2020, Vol. 32 ›› Issue (5): 931-940.DOI: 10.3969/j.issn.1004-1524.2020.05.22

• Agricultural Economy and Development • Previous Articles

Technological innovation empowered by ownership structure optimization:an empirical study based on panel data of Zhejiang agricultural leading enterprises

YU Bin, WANG Weifang

Zhejiang Financial College, Hangzhou 310018, China

Received:2020-02-08 Online:2020-05-25 Published:2020-05-29

Abstract

Abstract: Technological innovation has been considered as the key element for the sustainable and healthy development of Chinese economy in the second half. The improvement of technological innovation level of agricultural leading enterprises will help to realize high-quality development in agriculture and rural revitalization. Based on the theory of corporate governance, the survey of agricultural leading enterprises and the data of listed agricultural companies since 2012 in Zhejiang Province, the present study mainly discussed the effect of ownership concentration degree, ownership balance degree, enterprise nature, managerial ownership and institutional investor ownership on the technological innovation of enterprises by total sample and grouped samples regression analysis. It was shown that the relationship between ownership concentration degree and technological innovation was “N” type. The institutional investor ownership had a negative effect on technological innovation, and the relationships within ownership balance degree, enterprise nature, managerial ownership and technological innovation were dependent on the ownership concentration. It was expected to improve the ownership structure, promote the improvement of corporate governance mechanism, build a favorable institutional environment to empower enterprise technological innovation.

Key words: agricultural leading enterprises, rural revitalization, innovation-driven, high-quality development, empirical analysis

CLC Number:

S-9
F303.2

YU Bin, WANG Weifang. Technological innovation empowered by ownership structure optimization:an empirical study based on panel data of Zhejiang agricultural leading enterprises[J]. , 2020, 32(5): 931-940.

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Technological innovation empowered by ownership structure optimization:an empirical study based on panel data of Zhejiang agricultural leading enterprises

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