Heliyon (May 2024)
Research on gradual changes in incomplete technical information and optimization mechanism of innovation factor allocation efficiency
Abstract
The innovation factor allocation efficiency (IFAE), indicated by R&D institutions' technical input information and manufacturers’ technical output information, is mainly optimized by transformation of incomplete technical information into relatively complete information and finally complete technical information. There are two optimization mechanisms, namely single optimization and continuous optimization. The empirical analysis selected data from 73 listed companies in software development and 596 listed companies in processing and manufacturing, and testified its hypotheses with GMM regression results. The research finds that the differences in benefits are caused by gradual changes in technical information. With shared goals of benefit maximization between R&D institutions and manufacturers, a correct strategy for technical information can optimize the IFAE. Single optimization refers to the one-time recognition or identification of relatively complete technical information and complete information, acquisition of technical information from one-time cognition, and thorough application of resource input, thus realizing high-level technology progress gradually. Continuous optimization, based on single optimization, involves the prioritized reporting of complete technical information by participants, thus achieving optimal IFAE. Therefore, it is necessary to accelerate the improvement in the incentive mechanisms for technology innovation efficiency. R&D institutions should promote original innovation and integrated innovation, expand technical information increment, deepen the cooperation with manufacturers actively, and facilitate the technical information sharing.
