Research On Innovation Performance Evaluation Of SRDI Little-Giant Enterprises

The conventional crude economic development approach has lagged behind the pace of high-quality development as China’s economy has gradually converted into a stage of highquality development.Not only is innovation the driving force behind high-quality growth,but it is also the primary means of balancing economic development and resource environment improvement.Based on this,maximizing the effectiveness of small giants’ innovation is the key to their core competitiveness and sustainable development,as well as the intrinsic demand and practical path to effectively promote science and technology self-reliance and help China’s economy achieve high-quality development.In this context,it is timely to investigate the innovation performance of the SRDI LittleGiant enterprises,which is the "cardinal weapon" and of enormous practical significance.Based on this,the research object for this study is the SRDI Little-Giant enterprises.At first,what innovations mean and influence path of innovation performance are clarified.Then we screen the input and output indicator variables of innovation performance,as well as the internal and external influencing elements of innovation performance,and select the indicator variables that are appropriate for this study.Finally,an empirical study is performed for 2019-2021 utilizing DEA,DEA super-efficiency,and Tobit regressions on data from 353 A-share listed SRDI Little-Giant enterprises.The following are the main conclusions:(1)The SRDI Little-Giant enterprises invest more cash in technological innovation R&D and employ a greater number of R&D professionals,which helps to increase R&D capability and technology level in order to boost company innovation.According to the DEA comprehensive efficiency results,77 SRDI Little-Giant enterprises with comprehensive efficiency values of 1 are obtained,and the regions of Guangdong,Zhejiang,and Sichuan provinces among the sample enterprises have evident advantages and leadership positions.According to the DEA super efficiency results,the industries with excellent innovation performance are primarily general equipment,chemical products,and special equipment,among others;and,from a regional perspective,the SRDI Little-Giant enterprises with good innovation performance are primarily concentrated in three regions: Guangdong,Zhejiang,and Jiangsu provinces.Furthermore,the sample contains only 73 firms with super efficiency values greater than or equal to 1,accounting for 20.74% of the overall sample,indicating that the development potential of innovation performance of the SRDI Little-Giant enterprises in China still needs to be enhanced.(2)Tobit random-effects regression results show that R&D investment intensity and government R&D subsidies significantly improve firm innovation performance,whereas innovation environment,firm size,property rights nature,and financing environment inhibit SRDI Little-Giant enterprises innovation performance.Factors such as the innovation environment,enterprise scale,property rights nature,and finance environment will stymie the SRDI Little-Giant enterprises’ ability to boost their innovation performance.Countermeasures such as improving the internal technology R&D capability of enterprises at the innovation end,improving the construction of the internal control system of enterprises at the production end,and improving the management level of enterprise technology innovation at the end governance are proposed to improve the competitiveness as a whole of the SRDI Little-Giant enterprise group.