A Hybrid Data Envelopment Analysis–Random Forest Methodology for Evaluating Green Innovation Efficiency in an Asymmetric Environment

Abstract

The accurate evaluation of green innovation efficiency is a critical prerequisite for enterprises to achieve sustainable development goals and improve environmental performance and economic efficiency. This paper evaluates the green innovation efficiency of 72 new-energy enterprises by using a hybrid method of Data Envelopment Analysis (DEA) and a random forest model. The non-parametric DEA model is combined with the parametric SFA model to analyze the real green innovation efficiency on the basis of removing environmental factors and random factors. Then, the random forest model based on a nonlinear relationship is used to evaluate factors impacting green innovation efficiency. This paper proposes a comprehensive evaluation method designed to assess the green innovation efficiency of new-energy enterprises. By applying this method, companies can gain a comprehensive understanding of the current performance in green innovation, facilitating informed decision-making and accelerating sustainable development.

Keywords

• three-stage DEA model
• random forest method
• green innovation efficiency
• new-energy companies