The actual controller of listed companies and innovation input-Evidence from A-share listed companies in China

摘要

Many scholars have researched the relationship between corporate governance and innovation input from different perspectives. This paper studies the innovation input effects from the angle of actual controllers of listed companies, using the data of China's A-share listed companies in 2007-2013. The results indicate the nature of the state-owned enterprises has no significant effect on innovation input of the enterprise; the higher the actual controllers' control is, the less conducive to enterprise innovation input; the two rights separation degree of actual controllers attaches no significant impact on innovation input of the enterprise.