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

    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: School of Business, Economics & Informatics > Management
    Depositing User: Chunjia Han
    Date Deposited: 21 Jun 2022 11:35
    Last Modified: 05 Sep 2022 17:58
    URI: https://eprints.bbk.ac.uk/id/eprint/47589

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