The technological innovation efficiency of China's lithium-ion battery listed enterprises: Evidence from a three-stage DEA model and micro-data

Meirui Zhong, Gangli Huang and Ruifang He

Energy, 2022, vol. 246, issue C

Abstract: Large-scale clean energy deployment and energy consumption electrification are important measures for China to respond to severe climate challenges and achieve carbon neutrality goals, and the development of lithium-ion battery storage technology is essential to enable clean energy transition. Using three-stage DEA and Tobit model, this paper evaluated the real technological innovation efficiency (TIE) of China's lithium-ion battery listed enterprises (CLBLEs) during 2009–2018, and explored how external environment and enterprise management factors influence the TIE. The results demonstrate that there exist inefficiency problems of the TIE of CLBLEs due to the diseconomies of scale. The average TIE of CLBLEs is low, at 0.39. The stated-owned enterprises, large-scale enterprises, and downstream enterprises have the highest TIE, and mainly concentrated in eastern region. For external environmental factors, regional economic level and government subsidy promote TIE. While for internal enterprise management factors, firm size, financial leverage, profitability, and employee quality significantly promote TIE. Thus, for policy makers, strengthening the implementation of industrial support policies, enhancing industrial agglomeration, and promoting the sharing of innovative resources are conducive to improving the scale efficiency of CLBLEs. In addition, improving management capabilities and personnel composition is also an important direction to promote the TIE of CLBLEs.

Keywords: Innovation efficiency; Three-stage DEA; Lithium-ion battery enterprise; External environment factors; Enterprise management factors (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544222002341
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:246:y:2022:i:c:s0360544222002341

DOI: 10.1016/j.energy.2022.123331

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().