Received: 2024-03-10  |  Accepted: 2024-05-15  |  Published: 2024-06-30

Title

Analysis of innovation efficiency and influencing factors of listed companies in Beijing-Tianjin-Hebei economic zone based on improved DEA


Abstract

This study investigates the innovation efficiency of listed companies in the Beijing-Tianjin-Hebei region from 2015 to 2021. Various models are applied to analyze the data and identify factors affecting innovation efficiency. The findings show that, after adjusting the data, most listed companies' scale efficiency decreases significantly. Pure technical efficiency also decreases, but not to a substantial degree. These changes lead to an overestimation of innovation efficiency. The analysis reveals that the business environment influences the innovation index of listed companies. Additionally, there is a positive relationship between enterprise nature, equity concentration, urban financial expenditure, and innovation efficiency. Longer-established companies face challenges in improving their innovation efficiency. Most companies demonstrate improvements in technical efficiency, indicating relatively high levels of technical efficiency. However, continuous technological progress is crucial. The paper suggests that policymakers and company management should prioritize the enterprise's nature, equity concentration, and urban financial expenditure to cultivate innovation efficiency.


Keywords

innovation efficiency, DEA-BBC model, Tobit model, Malmquist Index (MI)


JEL classifications

C61 , C24 , O47 , O31


URI

http://jssidoi.org/ird/article/159


DOI


Pages

24-47


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Wang, Shuangao
Beijing Academy of Science and Technology, Beijing, China https://www.bjast.ac.cn
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Zhang, Shiyun
Beijing Academy of Science and Technology, Beijing, China https://www.bjast.ac.cn
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Xi, Guiquan
Beijing Academy of Science and Technology, Beijing, China https://www.bjast.ac.cn
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Wong, Michael C. S.
City University of Hong Kong, Kowloon, Hong Kong https://www.cityu.edu.hk
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Journal title

Insights into Regional Development

Volume

6


Number

2


Issue date

June 2024


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1260  |  PDF downloads: 540

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