Research On Innovation Efficiency Of China High Technology Industry Based On Ownership Of Enterprise

High-tech industry is the industry group which use modern advanced technology to produce products.The industry plays strategic leading role in the national economy.After the subprime crisis,nations all over the world focus on the development of high-tech industry.Development of high-tech industry relies on the creativity.And it is beneficial to optimize the industrial structure,improve labor productivity,improve country international influence and high-tech industries will be the decisive factor in China's rapid economic growth.The development of high tech industry mainly depends on the improvement of its technology innovation ability,and this paper uses innovative efficiency to measure the innovation ability of high-tech industry.Enterprise is the main body of technological innovation,so it is very important to study the factors that affect the enterprise's innovative efficiency and how to improve the innovative efficiency.In the first part of the paper,I sort out the domestic and foreign relevant research.And then,In the second part of the paper,I study china high-tech industry input and output situations based on nature of ownership and two-stage,and use frontier model to calculate innovation efficiency of China's high-tech industry.The paper found that the domestic high-tech companies is with high R&D efficiency high conversion efficiency characteristics,foreign investment high-tech enterprises is with high R&D efficiency low conversion efficiency characteristics,the state-owned high-tech enterprises is with low R&D efficiency features high conversion efficiency,Hong Kong,Macao and Taiwan high-tech enterprise is with low efficiency low conversion efficiency characteristics.On this basis,the paper uses frontier model to study influence factor,and found that fixed assets investment in innovation had no effect at high-tech industry conversion phase,company size is not conducive to foreign investment company's innovation efficiency,mainland enterprises,state-owned enterprises and high-tech enterprises owned by Hong Kong,Macao and Taiwan's innovation efficiency are not affected by firm size.Performance efficiency has a positive impact on the efficiency of domestic high-tech companies,while has a reverse effect on foreign investment high-tech enterprises and high-tech enterprises owned by Hong Kong,Macao and Taiwan,and had no effect on the efficiency of research and development of state-owned high-tech enterprises.Company size is conducive to the mainland enterprises and foreign-invested enterprise's transformation efficiency,while the transformation efficiency of state-owned enterprises and high-tech enterprises owned by Hong Kong,Macao and Taiwan are not affected by firm size.Corporate Performance is beneficial to domestic-funded enterprises conversion efficiency and foreign investment enterprises conversion efficiency.Exports having a positive impact on foreign-funded enterprises' conversion efficiency,high-tech enterprises owned by the mainland,state,Hong Kong,Macao and Taiwan in conversion efficiency has not been influenced.And then,in the finial part,according to the results of the study of frontier model,I give some suggestions to provide reference for policy makers to make reasonable allocation of national technology resources,improve the innovative efficiency of high-tech industry,and enhance the competitiveness of high-tech innovation.