Industry 4.0 Drive:Empirical Research on Ownership Structure in manufacturing enterprise Intellectualized

Abstract

Abstract: We research driving force of industrial intellectualized in an enterprise level from an investor point of view the structure, and analyze the impact of ownership structure on corporate investments on industrial intellectualized with the principal-agent theory. It researches empirically the relationship of ownership structure on business intelligence investment with the samples of Listed Companies in China. According to the empirical results, certain Shareholders perspective is necessary because the dominance is not conducive to business intelligence investment from ownership concentration; public companies are more willing to invest intelligently, the largest shareholder of a private individual is not willing to invest intelligently from the nature of enterprises; the relationship between executive compensation and intelligent investment is not clear, indicating that the current incentive compensation system is not reasonable from the perspective of executives' incentives; the more developed areas more receptive to business intelligence investment from a regional cultural perspective.

Key words: industrial intellectualized, ownership structure, principal-agent theory

CLC Number:

F420

ZHUANG Lei, ZHAO Cheng-guo, ZHANG Chi. Industry 4.0 Drive:Empirical Research on Ownership Structure in manufacturing enterprise Intellectualized[J]. , 2017(05): 90-99.

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