Research Article

Innovation Efficiency of High-Tech SMEs Listed in China: Its Measurement and Antecedents

Table 1

Brief description of input and output variables.

IndexVariableInterpretation of indicators

Input indexR&D personnelThe number of technical personnel of enterprise per year
R&D expenditureThe enterprise’s annual total expenditure on R&D activities
Fixed assetsThe enterprise’s annual total fixed assets
Output indexPatent applicationThe number of patent application of enterprise per year
Main business incomeThe enterprise’s annual main business income