Research on Innovation Input-Output Efficiency Evaluation of Private Listed Companies in Liaoning Province

Abstract

In the market economy environment, the level of innovation and development of the private listed companies reflect the local economic development potential to a large extent. Liaoning Province is one of the earliest coastal provinces in China, which is the only coastal and boundary provinces in Northeast China. The innovation ability of private listed companies has greatly promoted and improved the regional economic development. In this paper, the BCC model of data envelopment analysis is used to evaluate the efficiency of input and output of 26 private listed companies in Liaoning Province. The main conclusions are followings. Firstly, the innovation input and output of Liaoning private listed companies is not high in the overall, which did not make the investment resources to maximize the benefits. Secondly, the main factors that resulted a lower output efficiency included corporations putting in too much funds in projects and a diminishing scale returns. Thirdly, innovation efficiency achieving the best DEA was the middle of the scale of non-manufacturing enterprises, these enterprises hadn’t much investments in innovation, but its output benefits were more significant. Finally, in order to improve the efficiency of private investment in listed companies. It put forward countermeasures including private listed companies in Liaoning Province should increase investments in innovation activities, create a good atmosphere of scientific and technological innovation and stimulate the innovative thinking of scientific research personnel.