A DEA-Tobit-based Analysis of the Innovation Efficiency of Pharmaceutical and Biological Innovative Enterprises
Tang Yong
Zhang Xiao
Zhou Xia
Cao Gui-ling
Abstract：As innovative enterprises are important carriers of innovation-driven development strategy in China , innovation platforms can effectively stimulate innovation activities .SME Board pharmaceutical and biotech innovative companies are set as samples and the innovative efficiency is assessed with a DEA -Tobit two-step model.The impact of innovation support policy on innovation efficiency is also discussed .An em-pirical study shows that most of the enterprises have low technical efficiency .Though the pure technical ef-ficiency has improved , the scale efficiency is still low .What's more, though high strength of government subsidies improves their pure technical efficiency , tax return has negative influence on it .Innovation plat-forms improve both technical and scale efficiency .Thus, five suggestions are made based on our study .
Keywords：innovative companiesinnovation efficiencyDEA-EBM modelTobit regressioninnovation policyinnovation platfor
Publication Date：2015-01-01
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：8( 115-121,126 )