Abstract
Strategic emerging industries facilitate the deep integration of emerging technologies and strategic industries. Exploring the factors of the innovation efficiency of strategic emerging industries are of great significance to effectively implement the a strategy of innovation-driven development and enhance national core competitiveness.
In order to identify the linear and nonlinear influence of factors on innovation
efficiency (separability hypothesis is taken into account), we apply a nonparametric
robust frontier for empirical analysis. The empirical analysis relies on the sample
of 186 strategic emerging enterprises in China. The results suggest that enterprise
characteristics are the dominant factors of the efficiency of enterprise innovation.
Among them, high-tech enterprises and enterprise size positively impact enterprise
innovation, while the influence of enterprise age on innovation efficiency is nonlinear.
According to the influence law of enterprise age, the enterprise life cycle can be
divided into several periods, including survival, rapid growth, maturity, recession
and metamorphosis. The innovation efficiency of enterprises is significantly different
among industries, as the digital economy industry shows significantly lower
level than the high-end equipment industry and new materials industry do. Similarly,
the tertiary industry efficiency is significantly lower than that of the secondary
industry. The innovation efficiency of strategic emerging enterprises has regional
heterogeneity. Finally, this study provides policy suggestions for improvement of
innovation efficiency of strategic emerging industries from the perspectives of government management and enterprise management.
Su, W.; Wang, Z.; Zhang, C.; Baležentis, T. 2023. Determinants of the innovation efficiency of strategic emerging enterprises: evidence from the robust frontiers. Econ Change Restruct : Springer. 56, p. 1433–1465. DOI: 10.1007/s10644-022-09480-7. [Science Citation Index Expanded (Web of Science)].