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Evaluating R&D investment efficiency in China's high-tech industry

Han, C., Thomas, S.R., Yang, M., Ieromonachou, P., Zhang, H. (2017) Evaluating R&D investment efficiency in China's high-tech industry. Journal of High Technology Management Research, 28 (1). pp. 93-109. ISSN 1047-8310. (doi:10.1016/j.hitech.2017.04.007) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:89580)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL:
http://dx.doi.org/10.1016/j.hitech.2017.04.007

Abstract

Research and development (R&D) investment activity plays a crucial role in developing high-tech industries. In recent decades, China has made sustained investments in its domestic high-tech industries, with the goal of increasing their productivity. This paper investigates the effect of this investment on relative R&D efficiency across China's high-tech sectors. Data Envelopment Analysis (DEA) was used to generate quantitative indices for sector comparisons. The analysis of this study indicates that overall R&D investment efficiency did not increase from 1998 to 2009, despite R&D expenditure increasing by 2188. Over the same period, most sectors suffered from decreasing returns to scale (DRS), presumably also reflecting the inefficient R&D investment. Most of the sectors showed significant fluctuation on R&D investment efficiency. This research result indicates that the problem of China's high-tech industry may be from the inefficiency of its technology commercialization processes, and therefore represents a critical parameter for policy makers and managers. © 2017 Elsevier Inc.

Item Type: Article
DOI/Identification number: 10.1016/j.hitech.2017.04.007
Uncontrolled keywords: Data envelopment analysis; Efficiency, High tech industry; Investment efficiency; Pure technical efficiencies; Scale efficiency (SE); Technical efficiency, Investments
Subjects: H Social Sciences
Divisions: Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business
Depositing User: Mu Yang
Date Deposited: 03 Aug 2021 13:30 UTC
Last Modified: 04 Aug 2021 10:30 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/89580 (The current URI for this page, for reference purposes)

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