Based on Schumpeter''s innovative enterprise theory, the impact of strategic control, organizational integration, and financial commitment on corporate innovation was explored. Executives with innovation background can significantly encourage technological innovation. Moreover, the effects of employee sharing of corporate value, internal promotion, and concentration power of executives on innovation vary among different types of enterprises. Additionally, severe financing constraints can create conflicts in the implementation of strategic control, organizational integration, and financial commitment, while corporates with similar governance structures but significant differences in innovation performance may adopt different approaches. By collecting data manually to construct relevant variables and indicators and tested the innovative enterprise theory in China for the first time, the corporate governance proposed by the innovative enterprise theory can guide, cultivate, and incentivize innovation, providing a new governance mode for Chinese firms to achieve technological self-reliance and self-improvement.