Research on capital market supporting efficiency of technology innovation

Author

Huayun, Zhai

Author_Institution

Sch. of Manage., South-central Univ. for Nat., Wuhan, China

fYear

2011

fDate

27-29 June 2011

Firstpage

612

Lastpage

615

Abstract

Based on the use of Malmquist index, this paper measured total factor productivity ,technical efficiency change index and technological progress rate index about capital market supporting efficiency of technology innovation in the minority areas.Then, the region´s efficiency levels are compared and analyzed, and the results are verified by establishing panel data regression equation about capital market financing and patent. It is found that provincial capital market efficiency in the promotion of local innovation is not balanced, and total factor productivity of capital market investment in technological innovation is higher in areas such as higher technological innovation potential.

Keywords

innovation management; investment; patents; productivity; regression analysis; stock markets; technology management; China; Malmquist index; capital market; financing; investment; patent; regression equation; technical efficiency change index; technological progress rate index; technology innovation; total factor productivity measurement; Economics; Indexes; Investments; Patents; Productivity; Sun; Technological innovation; Capital market; Malmquist index; Technological innovation;

fLanguage

English

Publisher

ieee

Conference_Titel

Computer Science and Service System (CSSS), 2011 International Conference on

Conference_Location

Nanjing

Print_ISBN

978-1-4244-9762-1

Type

conf

DOI

10.1109/CSSS.2011.5975030

Filename

5975030