Abstract：Selecting state and private companies as samples and building dynamic panel model,this paper empirically analyzed relationships among technology capital,TMT heterogeneity and enterprise growth.The results find that state and private enterprises technology investment can significantly improve growth ability.In state sample,the effect of TMT education level and occupation background heterogeneities on regulation to technology capital and enhancement of grow ability are significant,but that of TMT age and tenure heterogeneity effect are not significant.In private sample,the effect of TMT occupation background and tenure heterogeneity on regulation to technology capital and enhancement of growth ability are significant,but that of TMT education level and age heterogeneity is not significant.According to above conclusions,the author puts forward management suggestions
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