Evaluation of technological innovation efficiency of petroleum companies based on BCC–Malmquist index model

Abstract This paper took the technological innovation status of the Daqing Petroleum Company in China during 2012–2015 as the subject to analyze the technological innovation efficiency (TIE) from an input-oriented perspective. It presents an approach combining BCC model and Malmquist index model to...

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Main Authors: Yanqiu Wang, Zhiwei Zhu, Zhenbin Liu
Format: Article
Language:English
Published: SpringerOpen 2019-02-01
Series:Journal of Petroleum Exploration and Production Technology
Subjects:
Online Access:http://link.springer.com/article/10.1007/s13202-019-0618-9
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author Yanqiu Wang
Zhiwei Zhu
Zhenbin Liu
author_facet Yanqiu Wang
Zhiwei Zhu
Zhenbin Liu
author_sort Yanqiu Wang
collection DOAJ
description Abstract This paper took the technological innovation status of the Daqing Petroleum Company in China during 2012–2015 as the subject to analyze the technological innovation efficiency (TIE) from an input-oriented perspective. It presents an approach combining BCC model and Malmquist index model to analyze the TIE and its varying trend of petroleum companies from both static and dynamic perspectives. It finds out the characteristics of changes of the TIE of petroleum companies. It conducts analysis on distribution characters of the results of the evaluation. It ranks the important parameters influencing the TIE. It tests the feasibility and applicability of the new method applied to measure the TIE. It provides analysis tools to evaluate the company TIE. This approach will be helpful to explore new applied area of the DEA models and lay down foundations for the decision makers in related industries.
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spelling doaj.art-924ff3aad40f4b7ea32bab1eda406d5d2022-12-22T03:33:31ZengSpringerOpenJournal of Petroleum Exploration and Production Technology2190-05582190-05662019-02-01932405241610.1007/s13202-019-0618-9Evaluation of technological innovation efficiency of petroleum companies based on BCC–Malmquist index modelYanqiu Wang0Zhiwei Zhu1Zhenbin Liu2School of Economics and Management, Northeast Petroleum UniversityDepartment of Management, University of Louisiana at LafayetteDepartment of Economics, Louisiana State UniversityAbstract This paper took the technological innovation status of the Daqing Petroleum Company in China during 2012–2015 as the subject to analyze the technological innovation efficiency (TIE) from an input-oriented perspective. It presents an approach combining BCC model and Malmquist index model to analyze the TIE and its varying trend of petroleum companies from both static and dynamic perspectives. It finds out the characteristics of changes of the TIE of petroleum companies. It conducts analysis on distribution characters of the results of the evaluation. It ranks the important parameters influencing the TIE. It tests the feasibility and applicability of the new method applied to measure the TIE. It provides analysis tools to evaluate the company TIE. This approach will be helpful to explore new applied area of the DEA models and lay down foundations for the decision makers in related industries.http://link.springer.com/article/10.1007/s13202-019-0618-9Petroleum companiesTIEBCC and Malmquist index modelChina
spellingShingle Yanqiu Wang
Zhiwei Zhu
Zhenbin Liu
Evaluation of technological innovation efficiency of petroleum companies based on BCC–Malmquist index model
Journal of Petroleum Exploration and Production Technology
Petroleum companies
TIE
BCC and Malmquist index model
China
title Evaluation of technological innovation efficiency of petroleum companies based on BCC–Malmquist index model
title_full Evaluation of technological innovation efficiency of petroleum companies based on BCC–Malmquist index model
title_fullStr Evaluation of technological innovation efficiency of petroleum companies based on BCC–Malmquist index model
title_full_unstemmed Evaluation of technological innovation efficiency of petroleum companies based on BCC–Malmquist index model
title_short Evaluation of technological innovation efficiency of petroleum companies based on BCC–Malmquist index model
title_sort evaluation of technological innovation efficiency of petroleum companies based on bcc malmquist index model
topic Petroleum companies
TIE
BCC and Malmquist index model
China
url http://link.springer.com/article/10.1007/s13202-019-0618-9
work_keys_str_mv AT yanqiuwang evaluationoftechnologicalinnovationefficiencyofpetroleumcompaniesbasedonbccmalmquistindexmodel
AT zhiweizhu evaluationoftechnologicalinnovationefficiencyofpetroleumcompaniesbasedonbccmalmquistindexmodel
AT zhenbinliu evaluationoftechnologicalinnovationefficiencyofpetroleumcompaniesbasedonbccmalmquistindexmodel