Innovation and performance:benchmarking Australian firms

Feeny, Simon and Rogers, Mark (2003). Innovation and performance:benchmarking Australian firms. Australian Economic Review, 36 (3), pp. 253-264.

Abstract

This article empirically analyses the link between innovation and performance using a sample of large Australian firms, with a specific aim of developing benchmarking tools. Innovation is measured by firms' investment in R&D and applications for patents, trademarks and designs. An innovation index is constructed to provide one method of benchmarking. The index incorporates a firm's innovative activities into a single figure after accounting for firm size. The index provides a ranking of the most innovative firms in Australia. A second method of benchmarking uses a stochastic production frontier. This type of analysis identifies the firms which are located closest to a ‘best practice innovation frontier’.

Publication DOI: https://doi.org/10.1111/1467-8462.00285
Divisions: Aston Business School > Economics finance & entrepreneurship
Uncontrolled Keywords: Australian firms,benchmarking tools,R&D,patents,trademarks,designs,innovation,performance
Published Date: 2003-09

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