2023
DOI: 10.3390/su15064799
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Analysis on Stochastic Change Characteristics of Technological Innovation Efficiency under Endogenous Change in Technological Information and Investment of Knowledge Capital

Abstract: The allocation of innovation-related elements is influenced by intangible elements such as technological information, which affects knowledge capital, human capital, and material element investment, resulting in the stochastic change of technological innovation efficiency. The endogenous change in technological information in element investment reduces friction, lowers costs, improves efficiency, and gradually reduces the deviation between knowledge capital investment and technological innovation efficiency. I… Show more

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Cited by 4 publications
(3 citation statements)
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“…The way in which the group distributes its internal power is crucial to the allocation of its R&D resources and the effectiveness of innovation in the enterprise is increased by its financial power concentration [19]. The centralization of financial power can help enterprise organizations lessen their reliance on outside finance, while the concentration of affairs and people power can hurt corporate innovation [20,21]. Finance firm credit for enterprise groups can also encourage innovation in listed member companies; this is reflected in the surge in patent applications.…”
Section: Group Control and Innovation Effectivenessmentioning
confidence: 99%
“…The way in which the group distributes its internal power is crucial to the allocation of its R&D resources and the effectiveness of innovation in the enterprise is increased by its financial power concentration [19]. The centralization of financial power can help enterprise organizations lessen their reliance on outside finance, while the concentration of affairs and people power can hurt corporate innovation [20,21]. Finance firm credit for enterprise groups can also encourage innovation in listed member companies; this is reflected in the surge in patent applications.…”
Section: Group Control and Innovation Effectivenessmentioning
confidence: 99%
“…Improving the efficiency of innovation factor allocation and fully releasing the potential of innovation factor allocation are important driving forces for realizing high-quality economic development [ 4 ]. Optimization of innovation factor allocation efficiency (IFAE) is the main direction of efficiency enhancement and depends on the following aspects: the possibility of reporting technically input information by R&D institutions and technically output information by manufacturers, and the differences with their actual technical information respectively [ 5 ]. From the input process to the output process, when incomplete technical information is gradually transformed into relatively complete and then complete technical information, the gaps between reported technical information and actual technical information narrow down gradually until they finally disappear, and hence the IFAE is optimized [ 6 ].…”
Section: Introductionmentioning
confidence: 99%
“…Innovation is the inherent driving force of economic development. As a macroeconomic micro-body, enterprise innovation helps to promote the upgrading of industrial structures to optimize the enterprise value creation mode [9], stimulate consumer demand for diversified products, and achieve a win-win situation in the market. In the era of the digital economy, enterprise innovation makes the boundaries of various industries gradually blur [10,11], accelerates the integration of knowledge and resource elements of different industries, and gradually stimulates economic vitality, causing the dynamic evolution of development spillover effects and thus promoting development [12].…”
Section: Introductionmentioning
confidence: 99%