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The impact of innovation activities on firm efficiency: Data envelopment analysis

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dc.title The impact of innovation activities on firm efficiency: Data envelopment analysis en
dc.contributor.author Pham, Phat Tien
dc.contributor.author Quddus, Abdul
dc.relation.ispartof Journal of Asian Finance, Economics and Business
dc.identifier.issn 2288-4637 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2021
utb.relation.volume 8
utb.relation.issue 3
dc.citation.spage 895
dc.citation.epage 904
dc.type article
dc.language.iso en
dc.publisher Korea Distribution Science Association (KODISA)
dc.identifier.doi 10.13106/jafeb.2021.vol8.no3.0895
dc.relation.uri http://koreascience.or.kr/article/JAKO202106438543602.page
dc.subject innovation en
dc.subject firm efficiency en
dc.subject finance en
dc.subject technology en
dc.description.abstract This study aims to investigate the impact of innovation on firm efficiency. Panel data of fourteen finance companies and nine technology companies from 2011 to 2019 on the Vietnam Stock Exchange Market is derived from audited financial statements, annual reports, and other crucial reports that are provided by Vietstock; macroeconomic variables are collected from the World Bank Database. A two-stage approach is used. First, use of the Data Envelopment Analysis methodology to measure firm efficiency. Second, use of the Pooled ordinary least squares, the Fixed effects model, and the Random effects model to investigate the impact of innovation on firm efficiency. Furthermore, the Generalized Method of Moments and the Tobit model are used to validate the impact of innovation on firm efficiency, and the t-test is used to confirm the difference in efficiency with and without the impact of innovation between two industries. The results show that there is a significant impact of innovation on efficiency, and innovation plays a more important in increasing the efficiency of the finance industry than the technology industry. Moreover, the relation between age and efficiency is like the U-shaped, and between size and efficiency is like the inverted U-shaped, whereas efficiency is not associated with inflation. © Copyright: The Author(s) This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (https://creativecommons.org/licenses/by-nc/4.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1010284
utb.identifier.obdid 43882224
utb.identifier.scopus 2-s2.0-85103343712
utb.identifier.wok 000639112300087
utb.source j-scopus
dc.date.accessioned 2021-04-14T13:38:03Z
dc.date.available 2021-04-14T13:38:03Z
dc.description.sponsorship Tomas Bata University in Zlin, The Czech Republic [IGA/FaME/2021/003]
dc.rights Attribution-NonCommercial 4.0 International
dc.rights.uri http://creativecommons.org/licenses/by-nc/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Pham, Phat Tien
utb.contributor.internalauthor Quddus, Abdul
utb.fulltext.sponsorship This work is supported by Internal Grant Agency, project No. IGA/FaME/2021/003 (Performance management, consumer behaviour, and sustainability of firms in a competitive digital world) of Tomas Bata University in Zlin, The Czech Republic
utb.wos.affiliation [Tien Phat Pham; Quddus, Abdul] Tomas Bata Univ Zlin, Fac Management & Econ, Zlin, Czech Republic; [Tien Phat Pham] Mostni 5139, Zlin 76001, Czech Republic
utb.scopus.affiliation Tomas Bata University in Zlin, Czech Republic; College of Economics, Can Tho University, Viet Nam
utb.fulltext.projects IGA/FaME/2021/003
utb.identifier.jel O30
utb.identifier.jel O32
utb.identifier.jel D61
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