新能源行业创新效率对股票价格的影响研究
Research on the Impact of Innovation Efficiency in the New Energy Industry on Stock Prices
摘要: 为了研究我国新能源行业创新效率对企业股票价格的影响，本文选取了2016至2021年我国30家新能源企业的面板数据，构建BCC-DEA模型计算新能源企业的创新效率，运用面板数据回归模型进行实证分析。研究得出结论：新能源行业创新效率对企业股票价格存在正向促进作用；相较于中西部地区新能源企业、新能源国有企业和新能源上游企业，东部地区新能源企业、非国有企业和新能源中下游企业创新效率对股票价格的影响更大。
Abstract: In order to investigate the impact of innovation efficiency on stock prices in China’s new energy industry, this study selects panel data from 30 new energy enterprises in China from 2016 to 2021. The BCC-DEA model is constructed to calculate the innovation efficiency of these enterprises, and a panel data regression model is used for empirical analysis. The findings of this study reveal that innovation efficiency in the new energy industry has a positive effect on stock prices. Moreover, compared to new energy enterprises in the central and western regions, state-owned enterprises, and upstream enterprises, new energy enterprises in the eastern region, non-state-owned enterprises, and mid-to-downstream enterprises have a greater impact on stock prices in terms of innovation efficiency.
文章引用：李文, 胡雨欣, 廖昕. 新能源行业创新效率对股票价格的影响研究[J]. 运筹与模糊学, 2023, 13(4): 3621-3627. https://doi.org/10.12677/ORF.2023.134364

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