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題名 中國上市公司所有權結構與創新績效
其他題名 Chinese Ownership Structures and Innovation Performances
作者 Chin, Chen-Lung ; Chi, Hsin-Yi ; Lee, Hsin-Jung
金成隆;紀信義;李欣蓉
貢獻者 會計系
關鍵詞 Ownership structure ; Innovation performance ; Patent
日期 2009-02
上傳時間 6-Mar-2014 17:07:41 (UTC+8)
摘要 This paper explores whether ownership structures are associated with the innovation performances of publicly listed firms in China within the framework of corporate governance. A typical listed firm in China has a mixed ownership structure with three predominant groups of shareholders-the state, legal entities, and individuals. Innovation performances are measured by the number of patents granted in China and the U.S., respectively. We find that innovation performances are negatively and significantly associated with the fraction of the state shares, while innovation performances are positively and significantly related to the proportion of the legal-entity shares. Second, we also find that the innovation performances are significant and positively related to the proportion of foreign stocks. The results indicate that, in the context of China listed firms, the state ownership have adverse effect on firm` innovative performance, and the large legal entities and foreign shareholders enhance firm’ innovative activities. Our findings are robust for alternative model specifications and proxies for ownership structures.
關聯 管理學報, 26(1), 17-33
資料類型 article
dc.contributor 會計系en_US
dc.creator (作者) Chin, Chen-Lung ; Chi, Hsin-Yi ; Lee, Hsin-Jungen_US
dc.creator (作者) 金成隆;紀信義;李欣蓉zh_TW
dc.date (日期) 2009-02en_US
dc.date.accessioned 6-Mar-2014 17:07:41 (UTC+8)-
dc.date.available 6-Mar-2014 17:07:41 (UTC+8)-
dc.date.issued (上傳時間) 6-Mar-2014 17:07:41 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/64501-
dc.description.abstract (摘要) This paper explores whether ownership structures are associated with the innovation performances of publicly listed firms in China within the framework of corporate governance. A typical listed firm in China has a mixed ownership structure with three predominant groups of shareholders-the state, legal entities, and individuals. Innovation performances are measured by the number of patents granted in China and the U.S., respectively. We find that innovation performances are negatively and significantly associated with the fraction of the state shares, while innovation performances are positively and significantly related to the proportion of the legal-entity shares. Second, we also find that the innovation performances are significant and positively related to the proportion of foreign stocks. The results indicate that, in the context of China listed firms, the state ownership have adverse effect on firm` innovative performance, and the large legal entities and foreign shareholders enhance firm’ innovative activities. Our findings are robust for alternative model specifications and proxies for ownership structures.en_US
dc.format.extent 216076 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) 管理學報, 26(1), 17-33en_US
dc.subject (關鍵詞) Ownership structure ; Innovation performance ; Patenten_US
dc.title (題名) 中國上市公司所有權結構與創新績效zh_TW
dc.title.alternative (其他題名) Chinese Ownership Structures and Innovation Performancesen_US
dc.type (資料類型) articleen