关键词: 公司治理, 技术创新, 研发支出, 区域差异

Abstract: Taking 1002 firms listed on Shanghai and Shenzhen stock exchange from 2010 to 2016 as samples,this study first divides them into three differnt groups (eastern,central and western) according to their registration places, and then examines the regional differences in the impact of corporate governance on technological innovation. Empirical results show that the share proportion and the nature of the first major shareholder, the share proportions of the shareholders from the second largest to the tenth largest,chairman and general manager being the same person,and incentives for directors, supervisors and senior managers can significantly promote enterprises' technology innovation. Different corporate governance factors have different impacts on technology innovation in different areas. Overall,incentives have a significant positive impact on the technology innovation in different areas. The impact of shareholders and the board of directors on the technology innovation varies greatly in eastern and western areas, but in the central area,the impact has certain uniqueness.

Key words: Corporate Governance, Technological Innovation, R&D Expenditures, Regional Difference