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20 October 2017, Volume 38 Issue 10 Previous Issue    Next Issue

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Research on the Technology Innovation Pathway Identification Model from the Perspective of Big Data Zhou Xiao， Huang Lu， Ma Tingting 2017, 38(10): 1-9.  Abstract ( 807 )   Recently, new emerging science and technologies (NESTs) have been received extensive attention from the society. How to effectively predict the innovation pathways and select the appropriate developmental direction are core issues in current research, due to the high uncertainties in the development of NESTs. Our research deeply investigates the potential laws from the variety heterogeneous information from the perspective of big data, then relies on the methods of text analysis, SAO theory and TRM to build an identification model for gauging technology innovation pathways. In case study part, we take solid lipid nanoparticles (SLNs) as an example to deeply investigate its innovation pathways in pharmaceutical and cosmetic markets. The research results show that there are four innovation pathways in SLN domain and the most promising one is in developing cosmetic market. Related Articles | Metrics

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A research on correlation between original innovation driving factors and innovation performance Chen Yalan, Zhang Xiaoming, Dai Shunzhi, Lu Zhongming, Tong Xuedan, Chen Wei 2017, 38(10): 10-21.  Abstract ( 745 )   Using 194 Nobel Prize winners, 375 academicians of Chinese Academy of Sciences and 291 of Chinese Academy of Engineering as research objects, this paper discusses the relations between original innovation driving factors and innovation performance from perspective of creativity research and psychology. The study indicates that better growth environment leads to the formation of innovative personality, creative thinking and innovative techniques, and the improvement of original innovative performance. Innovative personality has a significant influence on creative thinking which impacts on innovative techniques. Creative thinking plays intermediary role between innovative personality and the performance of original innovation, so do innovative techniques between creative thinking and the performance of original innovation. These factors completely mediate the growth environment and the performance of original innovation. Moreover, policy and system environment positively regulate influences between these factors and innovative innovation performance. Compared with academicians in China, Nobel laureates have advantages of creative thinking and innovative techniques. Related Articles | Metrics

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The effect of parallel search of new cluster ventures on product innovation performance: The moderating role of managerial ties Feng Xiaobin 2017, 38(10): 22-30.  Abstract ( 537 )   Most studies have found the positive effects of knowledge search on product innovation performance(PIP), but few explored the relationship between rivals searching time choice and PIP. Tests using data on 215 new ventures in clusters explore the effects of leading search and following search on PIP as well as the moderating effects of managerial ties. Results indicate that (1) both leading search and following search have curvilinear (inverted U-shaped) effects on PIP ; (2) the curvilinear link between leading search and PIP is positively moderated by extra-cluster managerial ties; (3) in contrast, intra-cluster managerial ties weaken the curvilinear effect of leading search on PIP, but strengthen the curvilinear effect of following search on PIP. This paper enriches the studies that focus on the parallel search - PIP linkage. Hopefully, the findings provide guidance for new ventures to conduct innovation search and improve PIP. Related Articles | Metrics

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The professional heterogeneity and explorative innovation of the TMT of high-tech companies Yang Zhi, Fu Yifan, Chen Bing 2017, 38(10): 31-39.  Abstract ( 661 )   This study empirically examines the effect of TMT profession diversity on firms’ explorative innovation behavior, using data of 198 Chinese listed companies from pharmaceutical and telecommunication industries from 2003 to 2012. The findings suggest that (1) profession diversity of high-tech companies’ TMT can effectively promote explorative innovation behavior;(2) Comparing with internal CEO, the effect of profession diversity on explorative innovation may be weaker in the TMT lead by external CEO; (3) Ownership concentration can strengthen the positive relationship between TMT profession diversity and explorative innovation. Related Articles | Metrics

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Threshold effects of government R&D subsidies on R&D investment of technological SMEs Yu Feifei， Qian Chao 2017, 38(10): 40-47.  Abstract ( 668 )   This paper empirically demonstrates how the effect of government R&D subsidies’ on private R&D investment based on the panel data collected from 112 SMEs in China over the period from 2009 to 2013. We find that government R&D subsidies significantly has incentive effect on private R&D spending of SMEs. And also, we find that political connections don’t significantly moderate the above relations. Further, we explore the nonlinear relations between government R&D subsidies and SMEs R&D spending through building a threshold regression model, and find that differential effect of government R&D subsidies on SMEs’ R&D investment under different intensities of R&D subsidies. Related Articles | Metrics

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A research on the innovation network governance based on cultural heterogeneity Xiao Yao, DangXinghua, Xiang Xiyao 2017, 38(10): 48-57.  Abstract ( 531 )   Technology innovation network management is to maintain stability and promote the network knowledge information in the smooth running of the core problem,but the existing literature on the study of the core governance mechanism and application situation affect the relative lack of path. With members of the cooperative innovation of cultural heterogeneity as regulating variable, and study the contract relationship between governance and management of network cooperation inhibition of opportunistic behavior, and culture can be divided into individualism - collectivism and two dimension of uncertainty avoidance. Results show that the individualism and low uncertainty avoidance cultures contract governance more effective, collectivism and high uncertainty avoidance cultures relationship governance more effective, and individualism - collective dimension to contract and relationship governance interaction exists. Through the study of this article to help members of the network according to the different cultural context using more effective governance mechanism, to the different cultural innovation network member governance mechanism selection, promote enterprise's sustainable innovation ability and competitive advantage to provide theoretical support. Related Articles | Metrics

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Evaluation and spatial clustering of county-level scientific and technological innovation activities in Zhejiang Province Guan Jingjing, Zhou Zijie, Ma Guobin 2017, 38(10): 58-67.  Abstract ( 568 )   The paper focus on the development evaluation of the scientific and technological innovation (STI) in counties of Zhejiang Province and its regional concentration. A evaluation system with multiple indicators was established. Using the indicators and Principal Component Analysis method, the study evaluated the development level of STI for 90 counties in Zhejiang Province from 2009 to 2012. Furthermore, the regional concentration of STI in Zhejiang, and among its counties were assessed by the Moran’s Index analysis. The result showed: (1) the development of STI in Zhejiang has a clear pattern which can be described as “The Northeast Rises, and The Southwest Falls”. In other words, the northeastern region of Zhejiang is the highly-developed zone of STI, while the southwestern is less-developed; (2) the general level of STI is stable and constant during the four years (3) the major difference between the developed and the less-developed region is the innovative organization. The results has some implications for the development of innovation at county scale. Related Articles | Metrics

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Price regulation, strategic innovation incentives and pharmaceutical market performance Zhang Xinxin, Hou Wenhua, Shen Chenglin 2017, 38(10): 68-75.  Abstract ( 585 )   In this paper, we propose a multi-stage dynamic game model to investigate the comprehensive mechanism of government’s strategic innovation incentives policy, price regulation policy, and health insurance policy on pharmaceutical firms’ innovation incentives and pharmaceutical market performance. We find that price regulation does not necessarily decrease the innovation incentives for pharmaceutical firms, and firms’ innovation investment may achieve the social optimal level under a reasonable price regulation. In addition, matching price regulation to health insurance may achieve multi-win among pharmaceutical firms, providers, patients, healthcare providers and the government. We also show that government’s strategic innovation incentive policy may dual-regulate the innovation investment of pharmaceutical firms, and induce them to the first best allocation, as well as enhance firms’ profits and the social welfare. Last, improving health insurance welfare or decreasing the regulated price, will reduce the welfare effects of the strategic innovation incentive policy. Related Articles | Metrics

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The relationship among absorptive capacity, organizational integration, organizational creativity and innovation performance Liu Chao, Liu Xinmei, Li Caifeng 2017, 38(10): 76-84.  Abstract ( 783 )   Exploring the inherent impact of Absorptive capacity on innovational performance is an important topic in the field of strategic studies. From the perspective of knowledge creation, this article analyzes the role of organizational creativity and organizational integration in the relationship between absorptive capacity and innovational performance, using 307 Chinese firms as the research objects, and by using moderated mediating method based on bootstrapping to test the hypotheses. The empirical results show that: organizational creativity acts a mediating role in the relationship between absorptive capacity and innovational performance; organizational integration strengths the positive relationship between organizational creativity and innovational performance; and organizational integration moderates the indirect effect of absorptive capacity on innovational performance. Related Articles | Metrics

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An empirical research on how internationalization of entrepreneurial companies affects patents output based on the listed companies of ChiNext Market Xu Xin, Xia Yun 2017, 38(10): 85-93.  Abstract ( 533 )   Based on the special environment of ChiNext market, this paper from two dimensions of patens output efficiency and quantity to study the influence of internationalization strategy for indigenous technical innovation of Chinese entrepreneurial companies. We find that innovation and internationalization is becoming an important strategic behavior for the Chinese entrepreneurial companies. Although Chinese entrepreneurial companies young, but they already have a considerable international competitiveness. Moreover, internationalization strategy have significant efficiency improvement effects on the patents output. The higher degree of internationalization, the more output of patents. The Chinese entrepreneurial companies, implemented internationalization strategy, have more patent output quantity. The conclusions of the paper help us well understanding the internationalization strategy and indigenous innovation of Chinese entrepreneurial companies, and put forward some valuable suggestions and decision-making basis for Chinese regulator to making international development policy for emerging industries of strategic importance, and deepening the development of indigenous innovation. Related Articles | Metrics

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A study of the impact of learning from entrepreneurial failure on new venture performance Hao Xiling, Zhang Yuli, Liu Yiran 2017, 38(10): 94-101.  Abstract ( 648 )   Most successful entrepreneurs have experienced entrepreneurial failure, but entrepreneurial failure does not necessarily lead to success. The extent to which entrepreneurs see failure as an opportunity and effective process of learning is vital to new venture development. This study aims to explore the essence and dimensions of learning from entrepreneurial failure and further examine its relationship with team entrepreneurship and new venture performance. We use 292 questionnaires to test the relationships. Results indicate that there are two dimensions of learning from entrepreneurial failure: cognition modification and ability promotion. Relationships between learning from entrepreneurial failure, team entrepreneurship and new venture performance are positive; collective innovation and aggressive cooperation of team entrepreneurship mediate the relationship between learning from entrepreneurial failure and new venture performance. Related Articles | Metrics

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Trust repairmechanism after conflict between channel members Xie Qinghong, Cui Xingwen, Fu Xiaorong, Wei Qin 2017, 38(10): 102-110.  Abstract ( 597 )   Trust repair is the important content of relationship repair after clashes between enterprises and a realistic issue in economic life, which was ignored by theoretical research. This study was to explore the trust repair process after the conflict between channel members. Influence on trust repair of different repair strategies (collaborative strategy and competitive strategy) has been analyzed, and intermediary effect of perceived fairness (procedural justice and distributive justice) has been examined. This study found: cooperation strategy and competition strategy have the significant impact on ability trust repair and benevolence trust repair directly and through the intermediate of perceived fairness. The positive effect of the cooperative strategy on the trust repair is significantly greater than that on ability trust repair. The negative effect of the competitive strategy on benevolence trust repair is significantly greater than that on ability trust repair. This paper enriched the study of the theory of the trust repair and provided theoretical basis for repair relationships between enterprises. Related Articles | Metrics

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Knowledge workers’ intrinsic motivation, knowledge sharing intention and creativity Tu Xingyong, Zhang Qi, Wang Zeyin, Zhao Ziwei, He Xin 2017, 38(10): 111-118.  Abstract ( 779 )   Based on the basic question of “how to explore the effective path to promote growth of knowledge workers’ creativity”, focusing on 197 knowledge workers from 41 banks as empirical samples, this study establishes a theoretical model of mediated moderator based on the social recognition theory by reviewing relevant literatures and conducting an empirical study with the method of multiple regression analysis. The results reveal that the relationship between intrinsic motivation, knowledge sharing intention and employees’ creativity are positive．Meanwhile there is a partly mediating effect of knowledge sharing intention on the relationship between intrinsic motivation and employees’ creativity. Furthermore, the moderating role of self-efficacy on the relationship between intrinsic motivation and employees’ creativity is fully mediated by knowledge sharing intention. The results can help enterprises better understand the importance of knowledge workers’ intrinsic motivation, and its effect on employees’ creativity through knowledge sharing intention． Related Articles | Metrics

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Firm uncertainty, inefficient capital investment and asset pricing Ye Jianhua 2017, 38(10): 119-127.  Abstract ( 595 )   After the global economic and financial crisis, the environment that firms confronted become more and more complicated. How firm uncertainty affects firm’s investment behavior become the focus of theorists and practices. Based on the sample of listed companies in A share stock market, this paper investigate the relation of firm uncertainty, inefficient investment(especially over-investment)and asset pricing. This paper finds that:(1)firm uncertainty significantly intensify inefficient investment, especially when investor sentiment is high;(2)the negative effect of firm inefficient investment on firm value is mainly due to firm over-investment, and this phenomenon is more evident when investor sentiment is high;(3)firm under-investment positive affect firm value significantly, specially when investor sentiment is low. This paper enrich the research on inefficient investment, asset pricing based on investment and behavioral corporate finance, and this research is helpful for firm top managers, investors and supervisors to make decision. Related Articles | Metrics

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A case study of the dual target collaborative model of “leading technology + quality control” for the core products of Guilin Pharmaceutical Corporation Zeng Peng ，Cai Yueling，Wu Gongliang 2017, 38(10): 128-137.  Abstract ( 643 )   Basing on the double target cooperative mode of “leading technology and quality control”,taking Guilin pharmaceutical Co. Ltd. as an example,using SPS case study paradigm,deduced the cooperative mode of technology management and quality management of Guilin Pharmaceutical Co. Ltd. which based on the innovation,revealed the applicable characteristic of the technology management in the concrete enterprise.Taking an depth analysis of technology upgrades and breakout process of core products of enterprise,divided the technology management process of Guilin pharmaceutical Co. Ltd. again,constructed the model of enterprise quality management system in the production process,described the dynamic characteristics of the management process in Guilin Pharmaceutica.Case study findings,Guilin Pharmaceutical Co. Ltd. based on the research and innovation,through the building of double target collaborative model of “leading technology+quality control”,synchronous propelled the technology management and quality management system,successful implemented the technology upgrading of enterprise and the breakthrough of core products. Related Articles | Metrics

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The construction and empirical study of the performance evaluation system of China Postdoctoral Science Foundation Liu Yun, Yang Fangjuan, Chen Ying, Liu Wenlan 2017, 38(10): 138-149.  Abstract ( 733 )   Chinese Postdoctoral Science Foundation (CPSF) is an important part of Chinese Postdoctoral System. It has become one significant source of research fund from central government for postdoctoral researchers since it was established in 1985. Based on the performance evaluation of CPSF’s requirement and characteristics, an evidence based evaluation design approach of CPSF’s funding and management performance evaluation framework is proposed. It also construct the CPSF’s program evaluation index system. Then it does performance evaluation empirical research on CPSF for the first time. All finding indicates that CPSF has formed complete funding system. CPSF plays an important role in cultivate high-level talents and achieve scientific creativities. Finally this paper puts forward some policy proposals on funding mode and type. Related Articles | Metrics

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A system-dynamics-based research on dynamic capabilities in CoPS projects Song Yanqiu, Yang Lan 2017, 38(10): 150-160.  Abstract ( 580 )   Complex product and system（CoPS） plays an important role in the promotion of social and economic development.Dynamic capabilities of CoPS project organization are divided into technical control power, organizational control power and customer perceptionfrom the system perspective. Dynamic model is set up based on intermediate variables, such as feedback speed, feedback quality and cooperation willingness. Through simulating the model via Vensim, the results is proposed which indicate that dynamic capabilities show S-shaped growth trend and U-shaped trust according to the team development theory has evident influence on the dynamic capabilities in the lifecycle. Besides, speculative behavior at the module development stage has the most obvious side effect on all dimensions of the dynamic capabilities and reveals the hysteretic impact on the technical control power. Related Articles | Metrics