Innovation and Performance: Benchmarking Australian Firms
AbstractThis 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'. Copyright 2003 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.
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Bibliographic InfoArticle provided by The University of Melbourne, Melbourne Institute of Applied Economic and Social Research in its journal The Australian Economic Review.
Volume (Year): 36 (2003)
Issue (Month): 3 ()
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Other versions of this item:
- Simon Feeny & Mark Rogers, 2001. "Innovation and Performance: Benchmarking Australian Firms," Melbourne Institute Working Paper Series wp2001n07, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
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