Han, Chunjia and Thomas, S.R. and Yang, Mu and Ieromonachou, P. and Zhang, H. (2017) Evaluating R&D investment efficiency in China's high-tech industry. The Journal of High Technology Management Research 28 (1), pp. 93-109. ISSN 1047-8310.
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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.
Metadata
| Item Type: | Article |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Chunjia Han |
| Date Deposited: | 21 Jun 2022 11:35 |
| Last Modified: | 02 Aug 2023 18:15 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/47589 |
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