Research on the Innovation Efficiency of Listed Companies Under the Influence of Equity Structure in China
- DOI
- 10.2991/icemse-19.2019.164How to use a DOI?
- Keywords
- innovation efficiency, equity nature, ownership concentration, ownership balance degree
- Abstract
This paper selected listed companies in China before 2010 as the research sample, using the data of 2010-2015 to analyze the influence of equity structure on the enterprise innovation efficiency from the equity nature, ownership concentration, ownership balance degree aspects in China. The study found that the innovation efficiency of state-owned enterprises in China is higher than that in non-state-owned companies. There is a nonlinear relationship between the ownership concentration and enterprise innovation efficiency; as the ownership balance degree increase, enterprise innovation efficiency increase at the same time. And there is an inverted U shape relationship between the proportion of the managerial ownership and enterprise innovation efficiency.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Desheng Zhu AU - Xiao Chen PY - 2019/09 DA - 2019/09 TI - Research on the Innovation Efficiency of Listed Companies Under the Influence of Equity Structure in China BT - Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019) PB - Atlantis Press SP - 711 EP - 715 SN - 2352-5428 UR - https://doi.org/10.2991/icemse-19.2019.164 DO - 10.2991/icemse-19.2019.164 ID - Zhu2019/09 ER -