英文摘要 |
The purpose of this paper is to study the performance of new product development (NPD) and the determinants of performance. Using the survey data of “Leading Product Development Program” from Chinese Association for Industrial Technology Advancement, we measure the efficiency scores of NPD by DEA approach. Furthermore, we conduct Tobit regression analysis to explain the variations of the efficiencies of NPD among firms. The main empirical results include: (1) Sensitivity analysis DEQ indicates the technical efficiency scores are robust, (2) There are significantly positive effects of interdepartmental teamwork, human resource, inductive R&D expenditures and R&D intensity on the efficiency scores. Obviously, in particular, the latter finding gives helpful insights into promoting the efficiency of NPO, enhancing the market competitiveness as well as upgrading the economy’s industrial structure. |