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

<table class="table-group" id="tab3"><tr><td><table class="table"><tr><td class="thead-hr" colspan="5"><hr/></td></tr><tr class="thead"><td class="align_left"> </td><td class="align_center">2012</td><td class="align_center">2013</td><td class="align_center">2014</td><td class="align_center">2015</td></tr><tr><td class="thead-hr" colspan="5"><hr/></td></tr><tr><td class="align_left">Innovation efficiency (IE)</td><td class="align_center">0.3636</td><td class="align_center">0.4011</td><td class="align_center">0.4218</td><td class="align_center">0.3859</td></tr><tr><td class="align_left">Pure technical efficiency (PTE)</td><td class="align_center">0.4823</td><td class="align_center">0.5765</td><td class="align_center">0.5697</td><td class="align_center">0.5079</td></tr><tr><td class="align_left">Scale efficiency (SE)</td><td class="align_center">0.7644</td><td class="align_center">0.7134</td><td class="align_center">0.7489</td><td class="align_center">0.7797</td></tr><tr class="table-tr"><td colspan="5"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Innovation efficiency value of high-tech SMEs (2012–2015).</div>

Discrete Dynamics in Nature and Society

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Table 3

Table 3: Innovation Efficiency of High-Tech SMEs Listed in China: Its Measurement and Antecedents 