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Abstract
This study uses a stochastic frontier analysis to examine the effects of a chief executive officer’s (CEO’s) power with respect to technical innovation efficiency in Chinese small- and medium-size enterprises (SMEs) from 2007 to 2013. Our results indicate that CEO power (such as prestige, ownership, and structure) and compensation can improve the technical innovation efficiency of SMEs.
Notes
Salomon and Shaver (Citation2005) find a similar relationship between patent applications and R&D and between patents granted and R&D.
The A-share market is primarily for domestic Chinese investors.
China’s economy is dominated by manufacturing. In our sample, the manufacturing sector comprises almost 75.71 percent. We use a two-digit code to identify the manufacturing industries in this study to control for the sector effects.