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20 April 2025, Volume 46 Issue 4 Previous Issue   

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Research on enhancement of the efficiency of China′s open innovation ecosystem Wu Wenjing 2025, 46(4): 1-10.  DOI: 10.19571/j.cnki.1000-2995.2025.04.001 Abstract ( 177 )      Under the policy guidance of enhancing the overall effectiveness of China′s innovation system and fostering an open innovation ecosystem with global competitiveness, the academic community has paid attention to how to improve the effectiveness of innovation ecosystems. This paper revealed the co-evolution mechanisms at both macro- and micro-levels for enhancing the effectiveness of open innovation ecosystems from the perspective of co-evolution. On this basis, it employed the qualitative research method to elucidate the core driving mechanisms for improving the effectiveness of open innovation ecosystems in the Chinese context and analyzed the effective paths for enhancing system effectiveness. The following conclusions were drawn from this research: (1) the core driving mechanism for improving the effectiveness of China′s open innovation ecosystem lies in the emergence and co-evolution of heterogeneous participants at the micro level, as well as the optimization of environmental factors that promote co-evolution at the macro level of the system; (2) the value proposition of "openness-symbiosis" plays a central leading role, enabling sustained improvement in ecosystem effectiveness; (3) fully respecting value co-creation is conducive to the formation of long-term ecological advantages within the ecosystem; and (4) the open and advanced manufacturing service capabilities have become a critical entry point for China′s open innovation ecosystem to maintain a high level of openness and enhance system effectiveness. This study has broadened the theoretical research on innovation ecosystems and it will provide some theoretical references and countermeasures for improving the effectiveness of China′s open innovation ecosystems. Related Articles | Metrics

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A study on the impacts of strategic deviation on firms′ new quality productive forces Wu Dong, Li Jingwen, Wu Xiaobo 2025, 46(4): 11-20.  DOI: 10.19571/j.cnki.1000-2995.2025.04.002 Abstract ( 136 )      The strategic emerging industries are the core carriers for nurturing new quality productive forces, and the micro-level mechanisms for developing new quality productive forces are yet to be explored. Based on the organizational ecology theory, this study selected China′s A-share listed industrial enterprises in strategic emerging industries from 2010 to 2020 as research samples and investigated the impact of strategic deviation on firms′ new quality productive forces by using the panel data regression method. The results revealed that: (1) strategic deviation significantly enhances firms′ new quality productive forces; (2) the higher the level of industrial turbulence, the weaker the positive effect of strategic deviation on firms′ new quality productive forces, and specifically, under highly turbulent industrial environments, the positive effect of strategic deviation on firms′ new quality productive forces turns into a negative effect; and (3) the faster the industry clock-speed, the stronger the positive effect of strategic deviation on firms′ new quality productive forces, and specifically, rapidly developing industrial environments can amplify the positive role of strategic deviation. This study has expanded the understanding of the economic consequences of strategic deviation and the strategic antecedents of firms′ new quality productive forces at the micro-level, and it will provide a reference for firms to develop new quality productive forces in a context-specific manner.  References | Related Articles | Metrics

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Research on the formation mechanism of technological self-reliance and self-improvement capability of the construction machinery manufacturing enterprises: A case study from the perspective of XCMG′s synergy of technical standards and intellectual property 2025, 46(4): 21-33.  DOI: 10.19571/j.cnki.1000-2995.2025.04.003 Abstract ( 41 )      The cultivation of enterprises′ technological self-reliance and self-improvement capability is an important support for China to promote the development of Chinese path to modernization through comprehensive innovation. Among them, the upgrading of intellectual property as a complementary asset enabling technology standard is the dominant design, which is a key measure for the formation of enterprises′ technological self-reliance and self-improvement capability. However, the process mechanism is still unclear. This study conducted a single case study based on XCMG, a leading enterprise in the construction machinery manufacturing industry, exploring the mechanism of the synergy between technical standards and intellectual property to promote the formation of technological self-reliance and self-improvement capability. The research found that: (1) the technological self-reliance and self-improvement capability is composed of six elements of capabilities, including independent and leading capabilities in technological innovation, development and competition capabilities in international market, leading and controllable capabilities in institutional rules; (2) technical standards and intellectual property in different dominant design stages has shifted the direction of synergistic from "same track" to "changing track", and the relative speed of their synergistic has evolved from "different speed-same speed -acceleration". heterogeneous synergistic behavior forms synergistic mechanisms such as defense, offense, autonomy, and win-win, which is the process mechanism for building technological self-reliance and self-improvement capabilities; and (3) during the transition process of leading the design phase, the collaborative relative velocity drives the change of collaborative direction, presenting a change of "different speeds constrained by the same orbit - same speed driven orbit change - acceleration leading". This process is the mechanism for upgrading different levels of capabilities and combinations to ultimately form the ability to achieve technological self-reliance and self-improvement. This research has deconstructed the connotation of enterprises′ technological self-reliance and self-improvement capability from the three-dimensional framework of "technological innovation-market development-institutional rules", carried out dynamic evolution exploration of their synergy behavior from a new perspective of the relative speed and direction of synergy, and constructed a mechanism for building and improving enterprises′ technological self-reliance and self-improvement capability based on the synergy of the two, and it will provide important enlightenment for China′s scientific and technological innovation manufacturing enterprises represented by construction machinery to comprehensively promote the development of Chinese path to modernization through innovation. References | Related Articles | Metrics

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The emergence of enterprises′ new quality productive forces driven by artificial intelligence applications: The micro-evidence from Chinese-listed companies Chen Kaiming, Huang Qinghua, Shi Peihao 2025, 46(4): 34-43.  DOI: 10.19571/j.cnki.1000-2995.2025.04.004 Abstract ( 144 )      The development of new quality productive forces (NQPF) hinges on the scientific and technological innovation, with a focus on industrial upgrading. The current wave of scientific and technological revolutions, driven by artificial intelligence (AI), is providing new momentum for China′s sustained economic growth. Based on the micro-data from Chinese-listed companies from 2009 to 2022, this study constructed an NQPF index system and empirically tested the impact of AI applications on NQPF and its mechanisms via the "innovation" and "industry" pathways by using the two-way fixed effect model. The findings indicated that: (1) AI applications significantly enhance NQPF through multidimensional new quality factors of production; (2) the mechanism test showed that AI applications foster substantial innovation rather than strategic innovation, with substantial innovation positively mediating and moderating the impact of AI on NQPF; (3) the internal specialization and external supply chain efficiency also positively mediate and moderate this impact, while the AI-driven industrial chain integration stimulates NQPF; (4) the heterogeneity analysis revealed that AI′s impact on NQPF is more pronounced in the private, manufacturing, and competitive industry firms. This study has clarified the differences in innovation motivation of AI application effectiveness, elucidated the mechanism of AI-induced industrial fission and chain upgrading, and enriched the research on NQPF influencing factors and the economic consequences of AI applications, which will provide important policy insights for leveraging AI to drive NQPF development. References | Related Articles | Metrics

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Research on the configuration paths of the dual innovation of digital- and intelligence-enabled enterprises:A case study of the computer and its related manufacturing industry Wang Yonggui, Zhang Siqi, Zhang Erwei, Shang Duo 2025, 46(4): 44-53.  DOI: 10.19571/j.cnki.1000-2995.2025.04.005 Abstract ( 63 )       Innovation, as the primary driving force for development, is a crucial power in propelling China′s economic construction. However, Chinese enterprises still face numerous challenges such as weak innovation capabilities, insufficient continuous innovation, and low coordinated innovation abilities. With the deepening of enterprise informatization processes, digital and intelligent empowerment has become a new driving force for enterprises to enhance their innovative capabilities and gain sustainable competitive advantages. Based on the resource orchestration theory and the innovation ecosystem theory, following the TOE framework and using 275 computer, communication, and electronic equipment manufacturing enterprises as examples, this paper employed the fuzzy-set qualitative comparative analysis (fsQCA) method to investigate various linkage path combinations through which digital and intelligent empowerment can achieve dual innovation in enterprises. The study found that: Firstly, technical level, organizational characteristics, and environmental features cannot individually serve as necessary conditions for achieving high dual innovation; they need to work synergistically. Secondly, exploratory innovation and exploitative innovation have differentiated driving paths. Specifically, there are three driving paths for exploratory innovation: the technology research and development-driven type under the dual logic of organization and environment, the digital and intelligent executive-driven type under the dual logic of technology and environment, and the triple driving type under the logic of technology, organization, and environment; while there is one driving path for exploitative innovation: the dual driving type under the logic of technology and organization. Under digital and intelligent empowerment, the driving paths for exploratory innovation are more diverse, and the development of innovation based on entirely new concepts or technological paradigms relies more heavily on the synergistic linkage between different digital and intelligent conditions. Thirdly, technical conditions are a critical core condition for developing high dual innovation; when technical conditions are sufficiently superior, organizational and environmental conditions exhibit a substitutive relationship and can interact with technical conditions to jointly promote high dual innovation development. This research will help deepen the understanding of the complex paths of enterprise dual innovation and thus provide significant insights for policy formulation. References | Related Articles | Metrics

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Research on the organizational identity transition mechanism of the spin-offs from SOEs: From the perspective of strategic entrepreneurship Song Menglu, Liu Ruiyu, Yang Zhong 2025, 46(4): 54-62.  DOI: 10.19571/j.cnki.1000-2995.2025.04.006 Abstract ( 29 )       The spin-offs from SOEs are the entities of innovation that stimulate the vitality of the public sector of the economy, and they need to become national strategic scientific and technological strength on the basis of coordinating the parent-child relationship. However, the process and path of how spin-offs from SOEs can achieve identity transition are still unclear. Through an exploratory single case study on China Mobile (Suzhou) Software Technology Co., Ltd., based on the perspective of strategic entrepreneurship, we found that: (1) the identity construction process of spin-offs from SOEs is driven by the national identity expectation and initial identity dependence, which brings the gap of ability between the actual identity and the expected identity; (2) determining the identity climbing crevice is the preceding guidance mechanism for organizational identity construction of spin-offs from SOEs, which provides a logical basis for strategic entrepreneurship actions from the cognitive dimension through current identity reflection and future identity aspiration; (3) Strategic entrepreneurship action is the core promotion mechanism to achieve the organizational identity transition of spin-offs from SOEs. Strategic leveraging with internalization and creating differentiated advantages are core means to leap over the identity climbing crevice; (4) Based on strategic entrepreneurship actions, spin-offs from SOEs constantly improve the organizational ability, which helps match the complex requirements of identity construction; and spin-offs from SOEs successfully achieve the national expectation and empower the identity change of the parent, and the organizational identity makes a smooth transition. This study has deepened the understanding of the uniqueness of spin-offs under the state-owned context, expands the research on organizational identity construction and strategic entrepreneurship, and it will provide management insights for promoting the deepening reforms and innovation development of state-owned enterprises. References | Related Articles | Metrics

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The generation mechanism of new quality productive forces: A case study of Shenzhen′s new energy vehicle industry Zeng Xianju, Shi Qing 2025, 46(4): 63-71.  DOI: 10.19571/j.cnki.1000-2995.2025.04.007 Abstract ( 67 )      New quality productive forces, in which innovation plays a leading role, has a unique internal generation mechanism. This paper focused on the challenges faced by innovation-led development, such as the divergence of technological routes, the complexity of the industrial and innovation chains, and the high uncertainty regarding future demands and innovation returns. Taking the new energy vehicle industry in Shenzhen as the case study object, it delved into the internal generation mechanism of new quality productive forces from the perspective of innovation practices. Based on the unique perspective of complex systems, a three-dimensional analysis framework of "stage-dynamic-structure" was constructed to systematically sort out and theoretically examined the dynamic process of incubation-generation-diffusion of the new energy vehicle industry in Shenzhen. The research findings showed that driving enterprises to achieve "technological self-reliance" through independent "product development" and then realizing "breakthroughs in technological changes" is the practical path to promote the incubation-generation-diffusion of new quality productive forces. The transformation of the competitive paradigm at the micro-enterprise level and the policy paradigm at the macro-government level are the coordinated driving forces for the in-depth transformation and upgrading of the industry. Vertical integration and horizontal division of labor are the two dominant structures for the innovative allocation of factors. This research has provided some empirical and theoretical references for accelerating the development of new quality productive forces in light of local conditions, timings and industries. References | Related Articles | Metrics

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A study on the evolutionary path of niche entrepreneurial capability in the specialized, refined, differential and innovative enterprises Ren Rongrong, Lu Ying, Wang Jiaqi, Wang Yiying 2025, 46(4): 72-83.  DOI: 10.19571/j.cnki.1000-2995.2025.04.008 Abstract ( 34 )       With the intensifying global technological iterations, enhancing the modernization level of China′s industrial chain has become a top priority. The specialized, refined, differential and innovative enterprises (SRDI enterprises) leveraging the "niche entrepreneurial capability" to achieve high-quality development is of great significance in addressing manufacturing bottlenecks and engaging themselves into the industrial chain. However, few have studied deeply on the construction and transition process of niche entrepreneurial capability, a core component of the "niche strategy", from the perspective of management and resources. Therefore, based on the theories of attention allocation and resource orchestration, this paper employed a longitudinal case study approach to systematically explore the evolutionary path of the niche entrepreneurial capability of Neat, a manufacturing single-item champion enterprise. The findings include: (1) the evolution of niche entrepreneurial capability in SRDI enterprises conforms to a three-stage model: the single-point exploration stage, at which the combination of "specialized" and "innovative" features is emphasized, the multi-dimensional integration stage, at which the integration of "refined" and "innovative" features is reflected, and the ecological collaboration stage, at which the intergrowth of "differential" and "innovative features" is highlighted; (2) the internalization mechanism, in conjunction with the identification of present and future opportunities for enterprises, adheres to the evolution path of "core technological breakthrough, market opportunity challenge, and enterprise interest enhancement"; and (3) the orchestration and combination of action mechanism constitutes the pivotal driving force behind the evolution of niche entrepreneurial capability. In this context, resource structuring exhibits a dynamic evolution characterized by "introduction and transformation", "accumulation", and "exploitation". Resource bundling displays an evolutionary upgrade encompassing "integration and innovation", "extension", and "stabilization". The utilization of resource capabilities achieves a logical progression of "agile response, optimized layout, and innovation leadership". This paper has explored the construction mechanism of niche entrepreneurial capability in SRDI enterprises, and broadened the scope and enriching the theoretical outcomes of research in the development of SRDI enterprises′ niche entrepreneurial capability. It will provide both theoretical guidance and practical insights for SRDI enterprises to achieve highquality development by leveraging on product systems and technological innovation. References | Related Articles | Metrics

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Research on the spatial layout and driving factors of the strategic emerging industries: An empirical analysis of the Cross-Strait Integration Development Demonstration Zone Hu Huifang, Lu Nanan, Zhao Zhiyuan 2025, 46(4): 84-96.  DOI: 10.19571/j.cnki.1000-2995.2025.04.009 Abstract ( 25 )      As the key carrier of new quality productivity, the study of strategic emerging industries′ spatial layout and its driving factors is of great significance to optimize inter-regional coordination, enhance comprehensive competitiveness, and build a highquality regional economic layout. Based on the spatial-temporal big data of micro-enterprises in the strategic emerging industries in the Cross-Strait Integration Development Demonstration Zone and by using the GIS visual analysis method, this paper presented the industrial development landscape in a panoramic manner, explored the spatial distribution characteristics and dynamic evolution laws of industries, and extracted the multidimensional driving factors of industrial location layout based on the ecosystem thought. Systematically, a theoretical interpretation framework that affects the spatial layout of strategic emerging industries was constructed. The study found that the strategic emerging industries in the Cross-Strait Integration Development Demonstration Zone show the spatial distribution characteristics of "dual-core, one-belt, multi-node" pattern, with an obvious dynamic evolution trend of diffusion and shift to the northeast. The distribution pattern is the result of the combined effects of many factors, among which nine factors, such as the degree of economic extroversion, the level of technological innovation, the endowment of science and education resources, the intensity of policy support and the degree of urban livability, are important driving factors, but the driving factors of each industry segment show certain heterogeneity. Therefore, this study has put forward policy suggestions for optimizing the overall layout of strategic emerging industries, and it will improve the level of inter-regional coordination and comprehensive competitiveness in the Cross-Strait Integration Development Demonstration Zone. References | Related Articles | Metrics

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A study on the evolution and driving factors of regional flow networks of technology services Zheng Ying, Fu Yu 2025, 46(4): 97-107.  DOI: 10.19571/j.cnki.1000-2995.2025.04.010 Abstract ( 26 )       Studying the patterns of cross-regional flows of technology services is highly significant for understanding the interactive characteristics at the regional level within the market integration process from a process-oriented perspective. This research focused on the patent agency service industry across 31 provincial-level regions  in China from 2002 to 2021. Utilizing the social network analysis, the study constructed an interprovincial flow network of patent agency services and examined its evolutionary features. Additionally, the QAP method was employed to explore the driving factors behind these flows. The aim is to unveil the "black box" of the flow of scientific and technological services among regions. The study identified the following four key characteristics in the interprovincial flows of technology service elements: (1) continuous growth in network size, density, and average degree, and the market integration generally shows a sustained advancing trend; (2) network structural shift from pyramid to olive shape, indicating that market integration has heterogeneous features; (3) technological complementarity and institutional isomorphism consistently drive the cross-regional flow of technology services, with market integration exhibiting a dual-driven effect; and (4) diminishing influence of economic, industrial, and geographical proximity on mobility over time, suggesting that market integration goes through a phase of initial differentiation followed by integration. The findings of this study will offer valuable insights for policymakers aiming to advance the construction of a unified market and for technology service institutions seeking to integrate into regional industrial networks. References | Related Articles | Metrics

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The impacts of development zone upgrading on the quality of regional green technological innovation Wang Jingjing, Wang Yunmin, Sun Fangcheng 2025, 46(4): 108-117.  DOI: 10.19571/j.cnki.1000-2995.2025.04.011 Abstract ( 32 )      China′s economy has shifted to the stage of high-quality development, and accelerating the improvement of green technological innovation quality plays a key role in achieving high-quality, green, and low-carbon economic development. Based on the panel data from 243 prefecture-level cities between 2004 and 2016, this study empirically examined the impact of the development zone upgrading policy on urban green technological innovation and its underlying mechanisms by using a difference-in-differences (DID) model. The results showed that the development zones upgrading policy significantly improves the quality of green technological innovation, and this effect remains robust after a series of checks, including the inclusion of pre-treatment variables and the exclusion of contemporaneous policy interference. In terms of the mechanism, the policy enhances the intensity of environmental regulation and increases government subsidies, thereby boosting the quality of urban green innovation. The heterogeneity analysis indicated that the positive impact of the policy on innovation quality is more pronounced in the cities with higher economic development levels, sufficient technological support, and stronger government resource control. The findings will provide important policy insights for further improving green location-oriented policies and deepening the green innovation-driven strategy. Related Articles | Metrics

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The influence mechanism of low-carbon strategic planning on the green innovation performance of enterprises:The measurement of indicators based on the big data model Liu Bin, Liu Yanwen, Li Yanxi 2025, 46(4): 118-126.  DOI: 10.19571/j.cnki.1000-2995.2025.04.012 Abstract ( 40 )       Low-carbon strategic planning is the primary link and core component of the low-carbon strategic transformation process of enterprises, which is of great significance for realizing the national goal of "carbon peaking and carbon neutrality", thus promoting the sustainable development of enterprises themselves, and enhancing core competitiveness and social responsibility. This paper put forward a measurement method based on ChatGPT and other big data models to measure the index of "enterprise low-carbon strategic planning degree". Furthermore, the "e-interaction of investors" with the Q&A and enterprise operation data of listed companies on the main Board from 2016 to 2023 were taken as research samples to analyze the low-carbon strategic planning, path and mechanism to help enterprises improve their green innovation performance through low-carbon transformation capital sources. The findings are as follows: first, detailed and complete low-carbon strategic planning has significantly improved the financing ability of enterprises to raise green bonds; second, detailed and complete low-carbon strategic planning is helpful for enterprises to obtain green government subsidies; and third, green transformation funds, such as green bond financing etc., are effective ways for low-carbon strategic planning to promote the growth of green innovation performance of enterprises. The heterogeneity study showed that state-owned enterprises and high-tech enterprises are more likely to obtain green transformation funds and have higher green innovation performance when they formulate detailed and comprehensive low-carbon strategic plans. Based on the frame of "strategic process", the paper focused on the low-carbon strategic planning, and it will provide some beneficial suggestions for enterprise low-carbon strategic management and green innovation from the perspective of financing path. References | Related Articles | Metrics

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Research on the impacts of high-value patent-driven technology search on the high-quality development of international entrepreneurship Peng Huatao, Pan Yueyi 2025, 46(4): 127-136.  DOI: 10.19571/j.cnki.1000-2995.2025.04.013 Abstract ( 22 )       It is of great significance for the high-quality development of international entrepreneurship that high-value patent-driven technology search promotes knowledge acquisition and technological innovation of international entrepreneurship. However, the existing research cannot solve the problem of international start-ups using technology search strategies to achieve high-quality development under the constraints of limited resources, and ignores the impact of institutional distance on them. Based on the recombinant search theory and institutional theory, this paper took China′s international start-ups with high-value patents as samples, selected their panel data from 2008 to 2022, and explored the impact of technology search breadth and depth on the high-quality development of international entrepreneurship, as well as the moderating role of formal institutional distance and informal institutional distance in it. The results showed that: (1) The breadth of technology search driven by high-value patents has an inverted U-shaped relationship with the high-quality development of international entrepreneurship, and the depth of technology search driven by high-value patents has a positive relationship with the high-quality development of international entrepreneurship; (2) The formal institutional distance plays a positive moderating role in the inverted U-shaped relationship between the breadth of technology search and the high-quality development of international entrepreneurship, that is, it strengthens its inverted U-shaped relationship, and positively moderates the positive relationship between the depth of technology search and the high-quality development of international entrepreneurship; (3) The informal institutional distance plays a positive moderating role in the inverted U-shaped relationship between the breadth of technology search and the high-quality development of international entrepreneurship, that is, it strengthens its inverted U-shaped relationship, and positively moderates the positive relationship between the depth of technology search and the high-quality development of international entrepreneurship. To a certain extent, the conclusions revised the internal logic between technology search, institutional distance and the high-quality development of international entrepreneurship, and expanded the perspective of high-value patents and international entrepreneurship research, and it had a certain enlightening effect on the realization of high-quality development of international entrepreneurship enterprises. Related Articles | Metrics

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Research on the construction process of industrial Internet platform from the perspective of institutional logic He Jinjiang, Yang Dapeng, Dai Weiqi 2025, 46(4): 137-145.  DOI: 10.19571/j.cnki.1000-2995.2025.04.014 Abstract ( 33 )      Two types of industrial Internet platform construction paths, with Internet platform enterprises and leading enterprises as the main body, have emerged in industrial practice, and the differentiation between the two paths is apparent. This paper adopted the double case study method, taking Alibaba′s construction of Taogongchang and Wolong Group′s building Imotorlinx as examples, analyzing the specific process of building platforms for the two types of main bodies and identifying the differences in their construction process. The research findings are threefold: firstly, there are differences in the processes of constructing industrial Internet platforms between Internet platform enterprises and leading enterprises, with Internet platform enterprises focus on small enterprises and constructing industrial Internet platforms through platform empowerment. In contrast, leading enterprises start from large enterprises and construct industrial Internet platforms through value co-creation; secondly, the process of building industrial Internet platforms by Internet platform enterprises follows specifically the pattern of "platform thinking base - digital capability cultivation - empowerment-led platform realization", and the process of building industrial Internet platforms by leading enterprises follows the pattern of "network thinking base - platform capability cultivation - co-creation-led platform realization"; and thirdly, the essential difference between two paths lies in the platform and network logic in the institutional logic followed by enterprises. The platform logic emphasizes the platform as the center, connecting the digital capability through the platform capability and finally constructing the industrial Internet platform. The network logic emphasizes the leading enterprise as the center, develops the platform capability through the social network, and eventually builds the industrial Internet platform. This research has bridged the gap in research on the construction of industrial Internet platforms by discussing the organizational level, identifying the platform logic and network logic, and expanding the application of institutional logic, and the conclusions will thus provide insights into the numerous industrial Internet platform construction challenges in industrial practice. Related Articles | Metrics

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Research on the impacts of social trust on enterprises′ open innovation Jia Hongjing, Zhuang Ziyin 2025, 46(4): 146-156.  DOI: 10.19571/j.cnki.1000-2995.2025.04.015 Abstract ( 56 )       In the era of digitalization, Chinese firms urgently need to adopt open innovation models to improve their internal innovation capabilities and achieve innovation catch-up. However, enterprises will face the famous "paradox of openness" dilemma in open innovation. Using a panel dataset of joint patent applications of Shanghai and Shenzhen A-share listed companies from 2006-2022, this paper empirically tested the effect and mechanism of social trust on enterprises′ open innovation. The results showed that: (1) social trust can effectively promote firms′ open innovation. This conclusion remains robust after employing the instrumental variable method, the difference-in-differences approach, and a series of robust analyses; (2) social trust inhibits opportunistic behavior of enterprises and promotes open innovation through moral constraint, information disclosure, and reputation mechanisms; (3) the impact of social trust on open innovation is pronounced for high-tech intensity firms, large-sized firms, multinational firms, and firms operating within highly dynamic environments; and (4) social trust and intellectual property rights protection system can jointly generate positive interactive effects on open innovation activities of enterprises, presenting a synergistic mechanism. This paper has opened up the black box of relational governance in the "paradox of openness" dilemma, and it will provide some important empirical evidence for China′s in-depth implementation of the social credit system construction project and the cultivation of an open innovation environment with global competitiveness. Related Articles | Metrics

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Research on the impacts of scientific and technological personnel mobility and R&D subsidies on collaborative innovation Teng Da, Wu Jingzhou, Su Xianfang 2025, 46(4): 157-168.  DOI: 10.19571/j.cnki.1000-2995.2025.04.016 Abstract ( 38 )      Collaborative innovation is a key link in the deployments of "the system and mechanism of technological innovation" in China. The technology personnel mobility and government R&D subsidies have important impacts on collaborative innovation. However, there is little research on the combined effects of the two factors. This paper used a system GMM model to estimate the combined effects of the two factors and examined the threshold effect of government R&D subsidies and the moderating effect of marketization level. The research found that: (1) the knowledge spillover effect generated by the technology personnel mobility has a significant positive impact on industry-academia and government-industry collaborative innovation; (2) By stimulating the enthusiasm and reducing R&D costs, government R&D subsidies have promoted industry-academia, government-academia, and government-industry-academia collaborative innovation; (3) The degree of marketization has a positive effect on university-industry collaborative innovation, however, the degree of marketization negatively moderates the positive effects of scientific and technological personnel mobility and government R&D subsidies on university-industry collaborative innovation; and (4) when government R&D subsidies are at an appropriate level, the technology personnel mobility can better improve the level of various types of collaborative innovation. This study has provided a theoretical basis for the government to make reasonable use of R&D subsidies and better leverage the role of technology personnel mobility in promoting collaborative innovation between government, industry and academia. Related Articles | Metrics

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Assessment of carbon neutrality pathways based on the TOPSIS method Yan Jin, Yan Haoben, Liu Lancui 2025, 46(4): 169-181.  DOI: 10.19571/j.cnki.1000-2995.2025.04.017 Abstract ( 44 )       Compared with developed countries that have already reached their carbon emission peaks, China has a large total carbon emission volume but the timeline is short, while the task is heavy to achieve the carbon neutrality goal. Additionally, China is facing a severe energy security supply situation, and as a developing country, high-quality development remains a priority. Therefore, it is urgent to assess whether the carbon neutrality pathways align with China′s national conditions and development needs. In view of this, this paper proposed a quantitative evaluation method that considers China′s unique national conditions and integrates both feasibility and desirability dimensions. Based on China′s national conditions such as energy security, development requirements and carbon emissions, this paper constructed an index system to evaluate the compatibility of China′s carbon reduction pathways with its development needs, and employed the TOPSIS method with the integration of a temporal dimension, coupled with coupling coordination degree and obstacle factor models, to assess existing carbon reduction pathways. The study found that: (1) existing reduction pathways can balance china′s development needs to some extent, but there still exists the "security-environment-economy" trilemma; (2) to improve the compatibility of most pathways, the security of the pathways should be strengthened, especially food security, while also promoting non-fossil energy technologies vigorously and continuously advancing economic development after the peak is reached; and (3) the existing paths have problems such as insufficient indicator disclosure or the neglect of China′s specific policy requirements in their setup. This study not only provides a quantitative assessment framework for China′s emission reduction pathways but also offers a scientific basis for future modeling directions and strategy design regarding emission reduction in China. References | Related Articles | Metrics

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Research on the impacts of cross-ownership M&As on private enterprises′ misallocation of financial resources Zuo Yonghua, Kong Wen, Liu Binbin, Zuo Meihua 2025, 46(4): 182-192.  DOI: 10.19571/j.cnki.1000-2995.2025.04.018 Abstract ( 34 )       Financial resource allocation′s optimization and its efficiency improvement is the important prerequisite to ensure high-quality economy development. Based on the asymmetric information theory and the resource complementary theory, after analyzing the theoretical mechanism of cross-ownership M&As on alleviating private enterprises′ financial resource misallocation and its possible heterogeneity resulting from regional and industrial selection, this paper constructed a panel data model and conducted an empirical test by taking the data of listed private enterprises in China A′s stock market from 2009 to 2019 as a sample. The findings are as follows: (1) the cross-ownership M&As can heighten acquirer private enterprises′ accounting information quality and thus alleviate their financial resource misallocation degree; (2) through decreasing creditors′ risk sensitivity about acquirer private enterprises, the cross-ownership M&As can also alleviate acquirer private enterprises′ financial resource misallocation; and (3) in contrast to the outside-region and within-industry M&As, the within-region and cross-industry cross-ownership M&As do better to acquirer private enterprises′ financial resource misallocation alleviation. This study can help to clarify the inherent mechanism of cross-ownership M&As on alleviating acquirer private enterprises′ financial resource misallocation in theory, and it will provide reference on how to solve private enterprises′ difficult and expensive financing through cross-ownership M&As in practice. References | Related Articles | Metrics