Evaluating innovation capability of Chinese listed companies based on comprehensive methods
International Journal of Innovation Science
ISSN: 1757-2223
Article publication date: 9 August 2021
Issue publication date: 7 January 2022
Abstract
Purpose
This paper aims to evaluate innovation capability of companies based on comprehensive methods.
Design/methodology/approach
This paper used principal component analysis (PCA), kernel principal component analysis (KPCA) and principal component cluster (PCC) analysis to analyze the listed companies’ innovation capability. On these bases, mean method, Borda method, Copeland method, alienation coefficient method and fuzzy Borda method were used separately for the comprehensive evaluation.
Findings
The results show that the comprehensive evaluation can overcome the shortage of the single method and improve the reliability of the innovation ability evaluation. In addition, the method also reveals that the innovation ability of the listed companies is closely related to the innovation investment and their industry and further regional economic development level of each province (city and area).
Originality/value
This paper uses PCA, KPCA and PCC to evaluate and study their innovation ability. On the basis of these, five methods (mean method, Copeland method, Borda method, divorced coefficient method and fuzzy Borda method) are applied respectively to combine the sort results of PCA, KPCA and PCC. The results show that combination methods have better theoretical and practical significance for innovation ability.
Keywords
Acknowledgements
The work was supported by the Humanity and Social Science Foundation of Ministry of Education of China (No. 18YJA630037), Zhejiang Provincial Natural Science Foundation of China (No. LY18G010005, No. LY17G020025), Zhejiang Philosophy and Social Science Program of China (No. 19NDJC240YB, 17NDJC262YB).
Citation
Hu, Y. and Liu, H. (2022), "Evaluating innovation capability of Chinese listed companies based on comprehensive methods", International Journal of Innovation Science, Vol. 14 No. 1, pp. 177-189. https://doi.org/10.1108/IJIS-04-2021-0068
Publisher
:Emerald Publishing Limited
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