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    27 May 2011, Volume 32 Issue 5 Previous Issue    Next Issue

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    The impact of technological M&A on innovative performance of high-tech listed companies
    Wen Chengyu, Liu Zhixin
    2011, 32(5): 1-7,28. 
    Abstract ( 1631 )   PDF (997KB) ( 2053 )  
    To improve innovation capability by using existing knowledge and acquiring, absorbing external knowledge is the key to the company's innovative capability. By taking 96 technological M&A events of Chinese high-tech listed companies from 2001 to 2008 as an example,the empirical research shows that technology M&A has a positive effect on the innovation performance of the acquiring firm, non-technology M&A has a insignificant effect on the innovation performance of the acquiring firm. The absolute size of the acquired knowledge base has a negative effect on the innovative performance of the acquiring firm, while the relative size of the acquired knowledge base reduces the innovative performance of the acquiring firm.
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    Market process, legal environment, and technology innovation
    Ji Xiaoli
    2011, 32(5): 8-16. 
    Abstract ( 1869 )   PDF (1014KB) ( 2136 )  
    The process and outcome of technology innovation are incorporated into a unified analytical framework and an empirical investigation involving the impact of market process and legal environment on technology innovation is conducted. The results show that: (1) Enterprise R&D intensity has the positive correlation with the regional market process, and also the transformation degree of R&D patent and its efficiency has a strong dependency on the legal environment. (2) The responsiveness of central state-owned enterprise's R&D investment to the regional market process is the highest; and due to lack of administrative power from the government for protecting the patent outcome of technology innovation, the impact of legal environment on patent transformation for the private enterprise's R &D is quite significant. (3) The promoting effect of the market process on the investment in R&D of the local state-owned enterprise is easily undermined by the intervention of local governments, and also the technological innovations can easily obtain the protection from the administrative power of the local governments, thus the dependence on the legal environment is reduced. These conclusions can provide the theoretical and empirical basis for further improving the market and legal environment of technology innovation.
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    Visualization scientometrics analysis on the research of international technological innovationin the last 50 years—Based on angle of view of author co-cited analysis
    Xu Zhenliang
    2011, 32(5): 17-28. 
    Abstract ( 1826 )   PDF (1015KB) ( 2404 )  
    Using the method of scientometrics, the technology of information visualization, and author co-cited analysis, the research status of international technological innovation in the period of 1959-2008 is analyzed, and four main research domians are displayed; and based on the degree of science activity, the domains are ranked as follows: "the relation between industry & firm innovation and knowledge management", "the relation between technological innovation and endogenesis economic growth", "the relation between technological innovation and technological change", and "the strategy of enterprise collaborate technological innovation".
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    Knowledge source, knowledge acquisition, and industry innovation performance:The case of China's high-tech industries
    Fan Qiantao
    2011, 32(5): 29-35. 
    Abstract ( 1821 )   PDF (913KB) ( 2644 )  
    Based on the panel data from 1995 to 2007, the effect mechanism of knowledge acquisition on innovation performance is analyzed. The results show that enterprises not only acquire knowledge directly, but also draw knowledge indirectly by relying on local firm networks. Different types of knowledge are transferred differently. Overall, the more heterogeneity the knowledge is, the more complex its transfer is.
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    Dynamic R&D competition and cooperation: A differential game approach
    Ma Rufei, Wang Jia
    2011, 32(5): 36-42. 
    Abstract ( 2071 )   PDF (969KB) ( 2687 )  
    A duopolistic differential game model which two firms conduct R&D activity with technology spillover and technology update is considered. Each firm in the model competes or cooperates with each other in a R&D stage but compete in an output stage. How technology spillover and technology update affect firm's R&D strategy is studied by comparing transient profit between R&D competition with R&D cooperation, and how R&D strategy of firms changeing over time is discussed.
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    Status quo of domestic and international research and forecast for the open innovation
    Ge Qiuping, Gu Shengzu
    2011, 32(5): 43-48. 
    Abstract ( 3371 )   PDF (990KB) ( 4084 )  
    Open innovation is a paradigm shifted from traditional innovation which is facing cramped situations. Based on a research method involving both the explanatory data of the total amount changes and the content analysis, a conclusion is drawn, open innovation is more suitable to today's globalization trends. The research on open innovation concerns with multi-angles, such as origins of concept, organization forms, property rights, innovation risks, performance, and the quantum of the research has steadily increased since 2003. It has great significance of policy-making upon science, technology, and innovation. In the future research of this area, it should be focused on human resources issues, organization and management costs, external environment and policy, balance local innovation against global integration, etc.
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    Industry knowledge spillovers of foreign direct investment and domestic investment
    Kong Xiangrong, Han Botang, Wang Hai
    2011, 32(5): 49-54. 
    Abstract ( 1805 )   PDF (886KB) ( 2722 )  
    According to the data sample of 27 Chinese manufacturing sectors from 1999 to 2007, the panel data analysis method is used to study Foreign Direct Investment(FDI) and domestic investment industry spillover effects. Research found that FDI has higher investment efficiency, the coefficient to industry productivity is positive, but its rather lowe level of technology spillovers is easy to form technical barriers, which is not conducive to productivity improvement. There exist some negative effects for domestic investment to increase the industry productivity, but its rather high level of knowledge spillovers is benefit to the productivity growth. In addition, FDI plays a major positive role in the industries with lower productivity, while reducing negative effects of domestic investment has a big impact on the industry sectors with higher productivity.
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    The effect of interest income tax on income redistribution:Based on the survey data of urban residents in China from 2000 to 2007
    He Hui, Yin Yinpin, Zhang Qing
    2011, 32(5): 55-60. 
    Abstract ( 1694 )   PDF (882KB) ( 2556 )  
    Interest income tax is an important political tool for Chinese government to regulate the consumption of residents, which has a certain effect on the relationship between saving and consumption. It is worthwhile to further discuss the effect of interest income tax on income redistribution in China, especially from the empirical perspectives. From the angles of average tax rate progressiveness and pre-tax and after-tax Gini coefficient, the effect of interest income tax on income redistribution is theoretically analyzed. Empirically, the effect is tested using the survey data of urban residents from 2000 to 2007. The results are as follows: First, the average rate of interest income tax is progressive among different income groups, therefore has a positive effect on income redistribution. Second, the Gini coefficient of after-tax interest is less than the pre-tax Gini coefficient: it is meant that the interest income tax has the effect for reducing income gap. Third, there are differences of the effect in the various periods. Fourth, reducing the rate of interest income tax weakens the income redistribution effect of interest income tax.
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    The mechanism influencing organizational innovationbased on Bayesian network
    Jiang Tianying
    2011, 32(5): 61-67,102. 
    Abstract ( 1714 )   PDF (1022KB) ( 2237 )  
    The variables belonging with the organizational innovation influencing mechanism are uncertainty and dynamic, taking Bayesian network as an analytic tool is suitable. An organizational innovation influencing mechanism model is constructed based on Bayesian network according to the basic theory of Bayesian network, and the computing problem about how to simplify the complex Bayesian network is explored. The empirical study shows that the model overcomes the demerits of the original analytic method which is only suitable for linearity and static analysis, and reflects the dynamic relationships of different variables in organizational innovation influencing mechanism.
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    The impact of market orientation on types and performance of product innovation
    Zhang Jing, Duan Yanling
    2011, 32(5): 68-77. 
    Abstract ( 1879 )   PDF (981KB) ( 2360 )  
    The empirical research findings on whether or not and how market orientation impacts on product innovation are quite inconsistent, relevant studies rarely distinguish innovation types and empirical verification of export-oriented enterprises are not available. Based on a questionnaire survey of 220 Chinese export-oriented manufacturing enterprises, the following conclusion are drawn: (1) Two types of innovation are significantly positively related to the product innovation performance, and among them, the role of radical innovation is more significant; (2) Among three dimensions of export market orientation, customer orientation and inter-functional coordination have significant positive impact on radical and incremental innovations. In addition, inter-functional coordination impacts radical innovation more significantly, while customer orientation impacts incremental innovation more significantly; (3) inter-functional coordination has a greatest total effect on new product performance, customer orientation plays a less important role, and the impact of competitor orientation is not significant. Managerial implications on how to improve innovation activity and enhance product innovation performance are provided for Chinese export-oriented manufacturing enterprises.
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    The X-efficiency of Chinese commercial bank
    He Jiao, Fu Qiang
    2011, 32(5): 78-86. 
    Abstract ( 1564 )   PDF (1109KB) ( 2760 )  
    Currently, banking efficiency research is one of the key subjects of financial industry and supervision departments. A method for estimating banking X-efficiency by using the parametric method was proposed the input and output items were determined by adopting the modified output method. Then the efficiency condition of China's 17 commercial banks from 1996 to 2006 was empirically analyzed. The result of empirical analysis demonstrates that improving the profitability of Chinese commercial banks will be an important way to enhance efficiency.
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    The optimization step-Integrated knowledge sharing servicein knowledge supernetwork environment
    Pan Xuwei, Wang Yaxi, Yang Yi
    2011, 32(5): 87-93. 
    Abstract ( 1582 )   PDF (1031KB) ( 2414 )  
    In order to solve problems involving the difficulties in organizing and maintaining knowledge as well as low efficiency and lack of effectiveness in the knowledge sharing service process caused by the huge quantity of knowledge while its quality is instable and unreliable in the knowledge supernetwork environment, the knowledge optimization step is introduced, and an optimization step-integrated knowledge sharing service mode is proposed. In the proposal mode, knowledge will be self-optimized and self-organized in the optimization step, and the fast and effective knowledge sharing service is provided to the users by integrating a knowledge optimization step into the knowledge sharing service step. Using extenics theories and methods, the implementation process of optimization step-integrated knowledge sharing service is put forward and built, and extension knowledge optimization methods, such as self-classification, self-clustering, and self-recognition based on matter-behavior element extension model and the mechanisms with the ways of the integration between the knowledge sharing service step and optimization step in the implementation process are also studied.
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    Cost factors of knowledge transfer based on a four-dimension-model for latecomer firms
    Jiang Jihai, Chen Fangying
    2011, 32(5): 94-102. 
    Abstract ( 1581 )   PDF (984KB) ( 2297 )  
    The knowledge transfer model for latecomer firms based on Nonaka's SECI model is put forward and the transferring process is described from three aspects: knowledge attribute, knowledge receiver, and transferring activities. Then, the cost factors are analyzed based on a four-dimensions-model according to the transfer process, and the theoretical model is constructed. By using structural equation model, the empirical data are collected by survey, and the investigation results are analyzed with LISREL8.0. Finally, some advices which promote knowledge transfer performance for latecomer firms are discussed according to the empirical result discussion.
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    The survival analysis of small and medium-sized enterprises—based on the industry of Hunan Province
    Cao Yu, Chen Xiaohong, Wang Fuqiang
    2011, 32(5): 103-111,148. 
    Abstract ( 1541 )   PDF (938KB) ( 2791 )  
    A detailed analysis on the Small and Medium sized Enterprises (SMEs) survival and its determinants are conducted, based on a sample of 54,573 new-registered industrial SMEs in Hunan Province, whichs capitals are all below 10 million Yuan and establish during the period of 1998-2007. The main research methods used are life table method and accelerated failure time model, they are mostly used in the survival analysis. The empirical results show that the risk of enterprise death follows a U-shape pattern relationship with the time for SMEs in Hunan Province, and the death risk begins to increase after nine and half years since the establishment of enterprises. The indicators, such as the original size of enterprises, industrial sector size, industrial added value rate, sales margin and profit tax rate of output value, all have significant positive impacts on business survival. However, the industry growth, liquidity capital turnover rate, and all-personnel labor productivity have no significant correlation with the business survival; Monopoly enterprises have better living conditions, the SMEs with high intensive technology have worse living conditions, SMEs located in agglomerate regions have greater risk of death. The interest rate has a significant negative impact on the survival of SMEs. While the GDP growth rate based on the city-level has a significant positive impact on the survival of SMEs. Vis-à-vis private enterprises, the survival performance of state-owned enterprises and foreign-funded enterprises in Hunan Province are even worse.
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    The structure choice in scale competitive alliance
    Long Yong, Li Shiqing
    2011, 32(5): 112-119. 
    Abstract ( 1569 )   PDF (1052KB) ( 2534 )  
    From the perspective of resource type and cooperative risks, a concept model and some research hypotheses about the issue of alliance structure choice in a scale competitive alliance are proposed. The direct and indirect impacts among resource type, cooperative risks, and preference of alliance structure are estimated with the structural equation model and mediation analysis. It is found that there are indeed close relationships among these three variables. First, the correlations between cooperative risk and alliance structure are significant. Second, the resource type impacts the structure decision both directly and indirectly, with a higher ratio of indirect influence through cooperative risks. These results demonstrate that partners in a scale competitive alliance decide the alliance structure mainly according to the cooperative risks from the ex ante aspect.
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    Research progress in remanufacturing production planning and scheduling
    Zhang Hongyu, Gao Yang
    2011, 32(5): 120-128. 
    Abstract ( 1835 )   PDF (1039KB) ( 2614 )  
    Research on the issues of remanufacturing production planning and scheduling is of great practical significance for us to effectively manage remanufacturing production activities and promote further development of the remanufacturing industry, so as to achieve energy-saving and emission reduction, and develop circular economy. The state-of-the-art research of Remanufacturing Production Planning and Scheduling (RPPS) is introduced. Five main aspects, which are the influencing factors of RPPS uncertainties and the methods to reduce the impact of uncertainties, modeling and solving methods of production planning, strategies and methods of production scheduling, the integrated framework and application tools of RPPS, and the practice cases in remanufacturing areas, are reviewed. Additionally, some closely relevant research topics involving RPPS are also surveyed, such as disassembly planning, lead time, and capacity planning. Finally, directions for the future research are discussed.
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    Evolutionary game analysis on the cooperative behavior inindustrial cluster under supply chain networks
    Chai Guorong, Li Zhenchao, Wang Xiaogeng, Zong Shengliang
    2011, 32(5): 129-134. 
    Abstract ( 1970 )   PDF (1007KB) ( 2539 )  
    The industrial cluster is a dynamic supply chain network system. Based on strong ties and weak ties of industrial relations in the cluster, the horizontal symmetrical evolutionary model and vertical asymmetric evolutionary model of cooperative behavior are proposed, and its evolutionary path and impact factors are studied. The results show that the evolutionary result of cooperative behavior depends on the initial status, assets return, return adjustment, and network income of the cluster enterprises. Finally, some proposals for promoting cooperation in industrial cluster are put forward.
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    The competency model of group leader in the oilfield system
    Xu Yudong, Luo Chengcheng, Cheng Lijuan, Wang Jing
    2011, 32(5): 135-140. 
    Abstract ( 1756 )   PDF (941KB) ( 2466 )  
    The competency model of group leader in the oilfield system is constructed through literature review, questionnaire survey, and behavioral event interview. The data has been collected by the competency measurement scale and processed by the exploratory factor analysis via SPSS. The results reveal that the competency model of group leader in the oilfield system is composed of nine factors, that is, responsibility and loyalty consciousness, moral quality and behavior example, management executive ability, team building and interpersonal communication, employee benefits representative, self-emotion control, achievements, professional knowledge and skill, and other individual capacity characteristics, respectively.
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    The pretax additional deduction policy for enterprise's R&D expenses:Basis and suggestions
    Fan Jin, Zhao Tong, Zhou Yingheng
    2011, 32(5): 141-148. 
    Abstract ( 2433 )   PDF (960KB) ( 2326 )  
    The Pretax Additional Deduction (PAD) policy is an effective instrument to encourage an enterprise for increasing its R&D investment and improving the capability and capacity of independent innovation. Since the policy is enacted in the middle of 1990's, it has experienced three development stages: establishment, development, and improvement. Many detailed rules have also been continually expanded and extended, such as the domain of discounting bodies, the scope of R&D activities, the R&D expenses, the backward discounting of the R&D expense, the rational allocation of Group's R&D expenses, etc. And then a multi-level policy system has been basically formed. The basis of the policy has involved in both the theoretical and empirical level. In the light of poor performance in practice, the main factors influencing the effectiveness of this policy are analyzed on the basis of questionnaire survey and some suggestions are put forward at last.
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    The relationship among technical fields based on patent citation network
    Yang Zhongkai, Liu Qiannan, Yu Shuang
    2011, 32(5): 149-155. 
    Abstract ( 1884 )   PDF (1155KB) ( 2301 )  
    Based on the different classification of technical fields, patent citation network, and SNA tools, the relationship that is revealed by patent citation derived from the USPTO database is comprehensively studied. By means of tracking patent knowledge flow among different technical fields, the macro features of the network are shown. Research results indicate the characteristics of patent citation network as follows: total amount is balanceable on the inside and the knowledge frequently flows, on the outside, the knowledge occasionalyy concentrates.
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    On evaluation elements about the credit quality ofenterprises based on the value culture of China
    Guan Xiaoyong
    2011, 32(5): 156-162. 
    Abstract ( 1463 )   PDF (988KB) ( 2517 )  
    Under the influence of the "ability determines the credit", the domestic research on the evaluation of the credit always uses "fixing on the evaluation indexes and establishing the system of the indexes by the fulfillment ability based on the property and the financial conditions" as the model. However, the practice of "the Grameen Bank", the research results of the Chinese enterprise survey, and the empirical research of the business credit guarantee in Zhejiang Province, they all show that "the ability determines the credit" is not effective in the oriental countries, the facts also show that the enterpriser quality is the main factor for determining the corporations' credit level. This means that there is a big defect in the theoretical research in China. The inner relationship between the personal quality and the value culture is focused, the theoretical and empirical research on the relationship between the personality and corporation's credit quality, credit level and the evaluation features of the quality is conducted, the results show that the corporation's credit quality and the credit level are highly correlated, and the structure of the evaluation featuers and its weighting proportion are given out.
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    Comparative study on the effectiveness of funding for national research institutes
    Wu Jianguo
    2011, 32(5): 163-168,140. 
    Abstract ( 1527 )   PDF (900KB) ( 2383 )  
    Based on input-output method for evaluation, the model for analyzing utilization effectiveness of NRIs' funding is established and 16 National Research Institutes (NRIs) from eight countries are evaluated. Two cases, that is, German Max Planck Society and Indian Council of Scientific and Industrial Research are analyzed. The result indicates that the model for analyzing utilization effectiveness of NRIs' funding is suitable, while the NRIs adopting the "market-oriented funding pattern based on competition" and "scientific autonomy funding pattern based scientists" have advantages in the utilization effectiveness of funding. Besides, the direction for further improving the model for utilization effectiveness analysis of NRIs' funding is also pointed out.
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