| With the globalization of economy and technology, hi-tech listed corporationsplay the important role. During different economic periods, the Hi-tech listedcorporations in various industries and countries exist differences in innovativeefficiency and innovative capability. Innovative efficiency is determined byinnovative input, innovative output and other factors. This paper focuses oninnovative efficiency, international competitiveness and their relations. This study hassignificant meaning on improving companies' innovative efficiency and internationalcompetitiveness.This paper chooses 230 hi-tech listed corporations from 26 countries as asample. Focused on innovative efficiency, this paper studies the relation betweeninnovative efficiency and international competitiveness backed up by efficiencytheory and international competitiveness theory. Firstly, this paper conducts two-stagemodel, and puts the innovative efficiency into r&d efficiency and transfer efficiencyby introducing intermediate indicator. Based on Battese, Coelli(1995) model, thispaper uses Stochastic Frontier Analysis to estimate two-stage innovative efficiencyand analyses. Secondly, using profit rate and international market sales shares asinternational competitiveness, this paper uses OLS model and estimates thecorrelation between the innovative efficiency and international competitiveness.The results are that innovative efficiency varies in hi-tech listed corporationsbecause of companies' scale and age. Chinese companies'innovative efficiency lagbehind top companies'in the world. Transfer efficiency is less than r&d efficiency, buttransfer efficiency makes more important contribution to international competitionthan innovative efficiency.Different from the past papers, this paper puts the innovative process into r&dprocess and transfer process. Besides, this paper further studies the relationshipbetween innovative efficiency and international competitiveness. |
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