TY  - SER
AU  - Guo, Zhenglong
AU  - Li, Runshuai
TI  - Governance structure and substantive innovation in Southern China’s manufacturing enterprises: an empirical investigation 
SN  - 2329-3292
PY  - 2025///
CY  - s.l.
PB  - Scientific Research Publishing Inc.
KW  - Sustainable development
KW  - Manufacturing enterprises
KW  - Governance structure
KW  - Bankruptcy
KW  - China
KW  - Corporate technological innovation
KW  - Equity structure
KW  - Enterprise substantive innovation
KW  - Board of directors structure
KW  - Executive incentives
KW  - Management incentives
KW  - Business
KW  - Research
KW  - Quantitative research
KW  - Journal articles (Open access)
N1  - Includes bibliographical references
N2  - Abstract : From the perspective of manufacturing enterprises’ sustainable development, this study investigates the relationship between corporate governance structure and substantive innovation behavior. By combining theoretical research and empirical research methods, the research selected data information from manufacturing enterprises in southern China from 2016 to 2020 to conduct regression analysis to investigate the impact of key factors in the internal governance structure of manufacturing enterprises on their substantive innovation behavior. The results show that in the development of manufacturing enterprises, substantive innovation behaviors such as product innovation and service innovation are influenced by the equity structure, board structure, and management structure of the enterprise. The concentration of equity structure and innovation behavior exhibit an inverted U-shaped relationship. The larger the board size, the worse the innovation behavior, huge stakeholders and excessive distribution of interests will lead to shareholders’ concession logic, thus restricting the sustainable development of enterprises
UR  - https://www.scirp.org/journal/paperinformation?paperid=138681
ER  -