In this paper, we use data of Chinese GEM listed companies from 2009-2016, and analyze the impact of internationalization strategy on technological innovation, and the regression results show that there is an U-shaped relationship between internationalization and technological innovation in Chinese GEM listed companies. Further, from the perspective of actual controllers, according to the actual controllers belonging to foreign natural persons (foreign organizations) or domestic natural persons (domestic organizations), they are divided into two groups. It is found that the internationalization of foreign actual controllers is positively related to the technological innovation of enterprises, and the internationalization of domestic actual controllers is negatively related to technological innovation. And it is found that the patent of invention is a patent category that best reflects the R & D capability of the patent. The paper studies the relationship between internationalization of enterprise and technological innovation from a relatively new perspective, and further deepens the understanding of internationalization impact on technological innovation.
Keywords: Internationalization; Technological Innovation; Actual Control
