Innovation and Performance: Benchmarking Australian Firms

Simon Feeny and Mark Rogers ()

Australian Economic Review, 2003, vol. 36, issue 3, pages 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'. Copyright 2003 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.

Date: 2003
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