Abstract：Based on SMEs in China,this paper studied the relationship between equity concentration ratio and the persistence of firm innovation,and the moderating effect of product market competition and the ownership.We find that:Higher equity concentration ratio is not conducive to the persistence of firm innovation;The more intense product market competition is,the stronger negative impact of equity concentration ratio on the persistence of firm innovation is;Moreover,equity concentration ratio has stronger negative impact on the persistence of firm innovation in private enterprises than that in non-private enterprises.
李健,杨蓓蓓,潘镇. 中小企业股权集中度、产品市场竞争与企业创新可持续性[J]. 中国科技论坛, 2016(5): 59-64.
Li Jian,Yang Beibei,Pan Zhen. Equity Concentration Ratio of SMEs,Product Market Competition and the Persistence of Firm Innovation. , 2016(5): 59-64.
2016, 
