基于我国地区制度环境存在较大差异的背景下,探讨股权结构多元化程度如何影响企业技术创新。在控制其他影响因素后,检验结果发现:位于市场化进程较高地区的企业,股权多元化越高越有利于促进企业技术创新,而位于市场化进程较低地区的企业,股权越集中越有利于促进企业技术创新。
This paper studies on how diversified ownership structure affect enterprise technology innovation in order to stimu- late enterprise technology innovation and upgrade industrial structure, especially when there is a big difference in regional institutional environment in China. After controlling for other factors, test results show that: in enterprises in region with higher evolvement of marketization, the higher the ownership diversification, the more enterprise technology innovation ; on the contrary, in enterprises in region with lower evolvement of marketization, the higher the ownership concentration, the more enterprise technology innovation.