Innovation and performance: benchmarking Australian firms

Simon Feeny, Mark Rogers

Research output: Contribution to journalArticlepeer-review

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’.
Original languageEnglish
Pages (from-to)253-264
Number of pages12
JournalAustralian Economic Review
Volume36
Issue number3
Early online date27 Aug 2003
DOIs
Publication statusPublished - Sep 2003

Keywords

  • Australian firms
  • benchmarking tools
  • R&D
  • patents
  • trademarks
  • designs
  • innovation
  • performance

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