Research Article
Evaluation of Innovation Efficiency and Influencing Factors of Blockchain Listed Companies Based on DEA-Tobit Model
@INPROCEEDINGS{10.4108/eai.9-12-2022.2327678, author={Zhen Xu and Haizhen Li and Mei Xue}, title={Evaluation of Innovation Efficiency and Influencing Factors of Blockchain Listed Companies Based on DEA-Tobit Model}, proceedings={Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China}, publisher={EAI}, proceedings_a={MSIEID}, year={2023}, month={3}, keywords={blockchain; innovation efficiency; dea; tobit}, doi={10.4108/eai.9-12-2022.2327678} }- Zhen Xu
Haizhen Li
Mei Xue
Year: 2023
Evaluation of Innovation Efficiency and Influencing Factors of Blockchain Listed Companies Based on DEA-Tobit Model
MSIEID
EAI
DOI: 10.4108/eai.9-12-2022.2327678
Abstract
This paper uses the DEA-BCC model to measure the innovation efficiency of blockchain listed companies and further explores the factors influencing the innovation efficiency of blockchain companies using Tobit regression. It is found that: the innovation efficiency progress of blockchain enterprises is mainly driven by the improvement of technical efficiency, which is benefited from the growth of scale efficiency; the enterprises with lower innovation efficiency are mainly affected by the decline of pure technical efficiency; the decline of pure technical efficiency and the inability to allocate innovation resources effectively are the main factors restricting the innovation efficiency improvement of blockchain enterprises Government support has a persistent contribution to innovation efficiency gains, while tax burdens have a persistent inhibiting effect.