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25 July 2014, Volume 35 Issue 7 Previous Issue    Next Issue

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Study of technological innovation in China—Based on projects funded by the national science fund Ma Weihua, Li Yawen, Xu Zhi 2014, 35(7): 1-12.  Abstract ( 1530 )   PDF (1KB) ( 2217 )   Using descriptive statistics this paper summarizes and compares the characteristics of technological innovation projects funded by the Natural Science Foundation of China (NSFC) and The National Social Science Fund of China (NSSFC) during the period of 1999-2013.This research also has studied research field of main technological innovation research institutes and key researchers, to reveal the current situation of innovation research in China. Finally, suggestions were proposed on how to optimize future funding in technological innovation research by comparing technological innovation projects in the US and China from the aspect of research topic and objective. References | Related Articles | Metrics

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A study on the evolution of market trajectory driven by market demand and channel factors Xiong Hongru, Wu Guisheng, Wang Yi 2014, 35(7): 13-19.  Abstract ( 1293 )   This paper proposes ‘Market Trajectory’ theory. we aim to put forward the technological trajectory theory and open new perspective of searching for innovation and catching-up opportunities based on identifying the characteristics of ‘trajectory’ in innovation studies. we also attempt to enrich the theoretical explanation of market disruption phenomenon. Using deductive method, this paper advances the conceptual framework of market trajectory: (1) market trajectory is driven by the evolution and transition of market demand and channel factors which dominates the market growth; (2)market trajectory shares the common characteristics of the trajectory, including accumulation, exclusion, and derivative; (3) market growth of innovative products or services within market trajectory essentially refers to the evolving process of eroding the existing market place which starts from the emergence of a new market and ends with the substitution or disruption of the existing market. References | Related Articles | Metrics

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Study of agglomeration and development led by platform enterprise Wu Yishuang 2014, 35(7): 20-26.  Abstract ( 1275 )   PDF (1KB) ( 2117 )   For Chinese producer services' development, how to speed up agglomeration process and avoid network risk simultaneously should be a realistic question to be solved as a whole but it is rarely discussed in the theoretical circle. Based on the observations on regional innovation cases from Zhejiang province, this paper explores the model of producer services' agglomeration dominated by platform enterprise with the aid of the theory of industrial agglomeration, two-sided platform and evolutionary economics, and it tries to provide theoretical and policy suggestions to solve the question mentioned above. It portrays firstly the architectural characteristics of the service transaction network within these cases form structure, transaction and competition relationship and governance actor, then discusses the mechanisms of multiple agglomeration dynamics and network risk controlled by platform enterprise. It provides an ‘architecture functionalism’ theoretical explanation of this model, also it further discusses the implications of theory and policy contained in it as well. References | Related Articles | Metrics

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Research on the determinants of China’s high-tech intra-industry trade Sun Ying, Geng Xinyi 2014, 35(7): 27-34.  Abstract ( 1577 )   PDF (1KB) ( 1901 )   According to UN trade statistics, this paper analyzes the trade situation of high-tech products. Then it uses China's high-tech GL index, and marginal intra-industry trade index to measure the level of high-tech intra-industry trade. Finally, by use of panel data, it makes an empirical study of the national determinants of the high-tech intra-industry trade. The ?ndings indicate that China's high-tech intra-industry has a high level but it is not strong and the structure is imbalanced, so it is quite urgent to develop the high value-added industry, like Aerospace. The GDP per capita gap, technical differences and foreign direct investment are the determinants of intra-industry. The GDP per capita gap variance is significantly negative correlated with the intra-industry trade; the effect of other factors is different based on the trading partners. Upon those conclusions, the paper provides some policy recommendations. References | Related Articles | Metrics

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Evaluation of enterprise innovative capability based on cohesive behaviors in inter-firm innovation network Zhao Yan, Meng Qingshi 2014, 35(7): 35-43.  Abstract ( 1403 )   PDF (1KB) ( 1988 )   Studies on innovation network mainly focus on the whole network or the firms' individual network, there are few studies on the influence of network subgroups formed by the cohesive behaviors on enterprise innovation capability. The inter-firm innovation networks of 11 high-tech industries in China are built based on alliances data and clique percolation algorithm and negative binomial regression model are applied to study the impact of the enterprise's cohesive behaviors on the innovation capacity of high-tech enterprises. It is found that for firms in small or simple subgroups, internal link density of subgroups and the number of the links between subgroups affect the enterprise's innovative capability positively. But for firms in big or complex subgroups, these characteristics of subgroups have no promoting effect to firms. Meanwhile, the number of subgroups, indicating the frequency of firms' cohesive behaviors, affects the enterprise's innovative capability positively. By taking the subgroup structures at middle level of innovation network into consideration, the results are helpful to uncover the characters of cohesive behaviors in innovation network, enhance the comprehension of innovation network structures and provide references for evaluating and improving enterprise innovative capability of high-tech industries in China. References | Related Articles | Metrics

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Marketization, education and family business’s R&D investment Chen Ling, Wu Bingde 2014, 35(7): 44-50.  Abstract ( 1494 )   R&D investment is the most determinant element for innovational capability. The study of the impact of family control on R&D investment in transition economy has theoretical and realistic significance. The study, based on SEW perspective, supposes that family business invests less in R&D than non-family business and the increases of R&D investment in the family business is also less than non-family business in the case of the higher marketization level or higher education of CEO, but the increase of R&D investment is more for family business than for non-family business in the case of higher marketization level plus higher education. The empirical analysis based on ACFIC data supports these hypotheses. References | Related Articles | Metrics

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The relationships among social capital, incubated enterprises’ absorptive capacity and innovation incubation performance Tang Liyan, Zhou Jianlin, Wang Guohong 2014, 35(7): 51-59.  Abstract ( 1355 )   PDF (1KB) ( 2131 )   A hypothetical model involving the relationships among three dimensions of social capital, absorptive capacity and innovation incubation performance is put forward in this paper, and the hypothesis is tested based on a sample of 156 incubated enterprises in Dalian by the structural equation modeling. The results show that structural social capital, relational social capital and cognitive social capital have positive effects on absorptive capacity; absorptive capacity plays a complete intermediary role between structural social capital and innovation incubation performance; both of relational and cognitive social capital not only have the direct influence on innovation incubation performance, but also the indirect influence on innovation incubation performance by absorptive capacity. References | Related Articles | Metrics

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The influence factors and performance of firms’ incentive measures of technology innovation Liao Zhongju, Cheng Hua 2014, 35(7): 60-66.  Abstract ( 1647 )   PDF (1KB) ( 2165 )   Taking 379 firms in Zhejiang province as the sample, this paper measured the firms' technological innovation incentives, explored its influence factors and evaluated its performance by using latent class analysis, logit regression and other methods. The results showed that the richness of firms' innovation incentive measures was low, and it was affected by the firms' size, age and ownership; the firm of different size, age, industry and ownership focused on different technology innovation incentive measures; one-time monetization reward, providing conditions for research, and providing learning and training opportunities had significant effect on improving the researchers' satisfaction; however, promotion measures significantly weakened the satisfaction of the researchers. References | Related Articles | Metrics

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Value innovation mechanism of PBC Model under service dominant logic Dai Yong 2014, 35(7): 67-74.  Abstract ( 1493 )   PDF (1KB) ( 2213 )   Performance based contract (PBC), as a new after-sales model, has already had a far-reaching impact on service supply chain with its increasing popularity in the research of supply chain. This paper attempts to analyze the new modes of PBC in the view of service dominant logic including PBC value proposition and value delivery. It further discusses the creative mechanism of value proposition of recovery, reliability, and performance achieved through value chain coupling, network alignment, and embedding as well as the innovation of value delivery through integration of customers' resources and interaction of information, personnel and material during the process. Finally a case study of Rolls Royce is put forward in order to provide reference for domestic related research. References | Related Articles | Metrics

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An evaluation of technological innovation capability of different ownership enterprises from the industry level Li Changqing, Zhou Weiduo, Yao Xing 2014, 35(7): 75-83.  Abstract ( 1357 )   PDF (1KB) ( 2345 )   Based on Chinese industrial enterprises statistics database, using technical innovation's input indicators, output indicators, efficiency indicators and indicators of decomposition Maluquist productivity to compare technological innovative capability of enterprises of different ownership. The results show that (1) Private enterprise have a leading position in inputs and outputs of technological innovation respects; state-owned enterprises have more R&D investment and output in monopolistically competitive industry and less in the competitive industry, while foreign and Hong Kong, Macao and Taiwan enterprises' R&D inputs and outputs are just the opposite of state-owned enterprises. (2) Hong Kong, Macao and Taiwan enterprises, collective enterprises, foreign-funded enterprises and private enterprises have more efficiency than state-owned enterprises in a competitive industry, but there is no big difference among different ownership. And (3) State-owned and collective enterprises' technology catch-up effect is slightly better than the other type's enterprises in competitive industry, and "technological innovation" effect of slightly inferior to other enterprises. In monopolistically competitive industry, different ownership enterprises have no significant difference in these two kinds of effect. References | Related Articles | Metrics

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Influence of Knowledge Heterogeneity on Entrepreneurial Performance of Entrepreneurial Team Wu Yan 2014, 35(7): 84-90.  Abstract ( 1366 )   PDF (1KB) ( 2022 )   Based on the literature review, a hypothetical model revolving the relationships among knowledge heterogeneity, entrepreneurial learning and entrepreneurial performance of entrepreneurial team is put forward. By taking 182 star-ups in the Pearl River Delta as samples, an empirical study on the model is conducted. The results are as follows. (1) Knowledge heterogeneity has great influence on entrepreneurial performance. Entrepreneurial learning has great influence on entrepreneurial performance. Knowledge heterogeneity has great influence on entrepreneurial learning.(2) With exploitation entrepreneurial learning,the positve influence of explicit knowledge heterogeneity on financial entrepreneurial performance increases greatly. The positive influence of tacit knowledge heterogeneity on non-financial entrepreneurial performance changes a lot.(3) With exploration entrepreneurial learning, the positve influence of explicit knowledge heterogeneity on financial entrepreneurial performance increases hardly. The positive influence of tacit knowledge heterogeneity on non-financial entrepreneurial performance changes little. So the entrepreneurial learning plays a mediating role in the relationship between the knowledge heterogeneity and the entrepreneurial performance of entrepreneurial team. References | Related Articles | Metrics

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An analysis on the co-opetition relationship between subcontracting manufacturers and foreign branding buyers and their performance Wu Sidan, Mao Yunshi 2014, 35(7): 91-98.  Abstract ( 1481 )   PDF (1KB) ( 1789 )   Based on 99 usable questionnaire, this research discussed the typology and performance of co-opetition relationship between domestic subcontracting manufacturers and foreign branding buyers. The cluster analysis found out that their co-opetition relationship could be classified into four types: low competition-low cooperation, low competition-high cooperation, high competition-high cooperation, and high competition-low cooperation. The regression analysis found out that, higher degree of cooperation could significantly increase the upgrading performance and operational performance, but higher degree of competition in production, quality and price would significantly decrease the upgrading performance. And the ANOVA analysis found out that establishing the high competition-high cooperation relationship with foreign branding buyers could significantly increase the upgrading performance of domestic subcontracting manufacturers. References | Related Articles | Metrics

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An empirical study on the relationship between managerial entrenchment, R&D investment and corporate governance Li Bingxiang, Chen Ying, Li Yue 2014, 35(7): 99-106.  Abstract ( 1355 )   PDF (1KB) ( 1947 )   Based on Chinese listed companies in the manufacturing industry 2008-2010, the hierarchical regression analysis method was used to investigate the impact of managerial entrenchment on R&D investment under corporate governance mechanism in the transition period. Firstly, the relationship between managerial entrenchment and R&D investment was estimated; Secondly, incentive mechanism and restrictive mechanism as moderator were introduced into this research. They were used to study the impact of corporate governance mechanism on the relationship between the two others.The empirical findings indicated that there was a significant negative correlation between managerial entrenchment and R&D investment. Moreover, the low R&D investment under managerial entrenchment could be effectively inhibited by increasing managers' compensation and ownership concentration, while it would be promoted by the raise of the proportion of independent directors. And managerial ownership has no significant regulating effect on the relationship between managerial entrenchment and R&D investment. References | Related Articles | Metrics

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Has cash holding been able to smoothed corporate R&D?—An empirical research based on perspective of financing constraints and financial development Yang Xingquan, Zeng Yi 2014, 35(7): 107-115.  Abstract ( 1584 )   PDF (1KB) ( 1692 )   Based on the perspective of R&D smoothing, this paper examined the economic consequences of cash holdings combined with financial development and the nature of government control. The results show that the corporate cash holdings have smoothed R&D expenditure, and this smooth effect is more obvious in firms which face more serious financing constraints. Besides, compared with the government controlled firms, the smooth effect is more significant in private firms. With the improvement of the financial development, the smooth effect of cash holdings will decrease, at the same time, the difference between the state-owned and non-state-owned firms is also reduced. From the perspective of R&D smoothing effect, this paper provides empirical evidence for the specific channels that realizing the strategic effect of cash holdings, and provides new evidence for the relationship between financial development and economic growth at the micro aspect, and it also enriches the related research on the economic consequences of Chinese credit allocation pattern. References | Related Articles | Metrics

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Executive ownership：convergence of interest effects or entrenchment effects—An empirical analysis of listed companies on GEM Mei Shiqiang, Wei Haoqiang 2014, 35(7): 116-123.  Abstract ( 1970 )   PDF (1KB) ( 1602 )   This paper expands the research scope of the impact of executive ownership on firm value to the GEM, and comes to different conclusions with other scholars. The results suggest that GEM's corporate governance structure and ownership structure are obviously different from the main board and SME board. This is an important reason that the impact of GEM's executive ownership on firm value is different from other research conclusions. Through empirically analyzing the sample of companies listed on GEM in 2010 and 2011, we could find that both the convergence of interest effects and the entrenchment effects exist in the listed companies. When the ratio of executive ownership is below 20% or over 50%, the convergence of interest effects play a more important role than the entrenchment effects; On the other hand, when the ratio is within 20% to 50%, the reverse is true and the entrenchment effects play a more powerful role. References | Related Articles | Metrics

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Research on the general feature of Chinese industrial structure based on social network analysis Wang Tong'an 2014, 35(7): 124-129.  Abstract ( 1372 )   PDF (1KB) ( 1834 )   Against the limitations and weakness of the study on industrial structure, this paper firstly introduces the method of social network analysis. By combining the social network and input-output table, a brand new study method of industrial structure has been presented based on the relationship and structure perspective. With the new method, this paper studies the general feature of Chinese industrial structure based on the data of input-output of China in 2002.With the theory of block-modeling, eight industrial blocks have been proposed and the boundary of each block has been clearly defined. The centralized trend of general industrial structure has been found, and each industry in the center industrial block has been elucidated. The conception and cases of "best substitutes industry" and "self-reflexive" industrial blocks have been mentioned, and their advantage and effect have been analyzed in the process of industrial structure adjustment and optimization. References | Related Articles | Metrics

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Research on the firm’s behavior strategies in the knowledge exchanging process of alliance Lu Lijuan, Jian Zhaoquan 2014, 35(7): 130-137.  Abstract ( 1249 )   PDF (1KB) ( 1518 )   Given the payoff structure containing the internal and external benefits of alliance, this paper analyzes the firms' behavior strategies, investigates the influence of marketing environment, management cost, and the alliance experience on the firm's behavior and governance mechanisms, by leveraging dynamic game theory. The research results indicate that the future expectation and the past experience of knowledge exchanging have a significant impact on the behavior strategies of the alliance participants, and the strategies determine the benefits and evolvement of the corresponding alliance. Therefore, when the management cost of knowledge protection increases, the participants are likely to abandon the protection mechanism and speed up sharing knowledge. When the coordination cost grows, the participants are more likely to abandon the coordination mechanism and speed up exiting the alliance. As the determinant of knowledge sharing benefits, the marketing environment and the management cost of knowledge sharing have influence on every behavior decision and governance mechanism choice in the process of alliance. Furthermore, it is important to maintain the symmetrical knowledge payoff between the two participants of the alliance. Otherwise, it would result in a loss of the firm that transfers knowledge and incur a failure of the alliance. References | Related Articles | Metrics

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China’s intellectual property protection strength and its evaluation centering on the accession to TRIPS Agreement Li Wei, Yu Xiang 2014, 35(7): 138-146.  Abstract ( 1472 )   PDF (1KB) ( 1660 )   This paper builds China's intellectual property protection strength from the aspects of intellectual property legislation protection strength and law enforcement protection strength and makes calculations by using the actual data from 1985 to 2010. The results show that China's intellectual property protection strength has always been enhanced from 1.156 to 2.980, and Chow test shows that the structural breakpoints appeared in China's intellectual property protection strength in 2001 (when China acceded to TRIPS agreement). The further Granger causality test shows that the economic development level and technological innovation ability are the factors promoting China's intellectual property protection strength, which, however, has not effectively promoted economic development and technological innovation ability due to the impact of the overall economic development level. References | Related Articles | Metrics

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Researches on economic growth performance of industry-university-research institution collaboration and its interpretation Wu Youqun, Zhao Jingbo, Wang Liyong 2014, 35(7): 147-153.  Abstract ( 1537 )   PDF (1KB) ( 1695 )   With the impulse response analysis and panel data model, the paper studies empirically the economic growth performance of Industry-University-Research institution Collaboration (IURC) and the channels through which IURC influences the economic performance is also analyzed using ECM model. The results show that IURC has a positive impact on national economic growth and regional economic growth, but the effect is modest; There is a long-term equilibrium relationship between IURC and enterprise independent innovation ability, IURC has a positive impact on the capability of enterprise independent innovation, but the effect is modest. This result provides an explanation for the view that the performance of IURC is relatively weak. Finally, some appropriate policy recommendations are provided in the paper. References | Related Articles | Metrics

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Research on the mechanism of the impact of autonomy support from mentor on creativity of graduate students Wu Jianlin, Wang Xi, Gu Jibao 2014, 35(7): 154-160.  Abstract ( 1402 )   PDF (1KB) ( 2124 )   Based on the questionnaire survey, this research analyzes the mechanism of the influence of mentor's autonomy support on the creativity of graduate students by investigating the mediation of creative self-efficacy and the moderation of maturity. Using the Total Effect Moderation Model method, we found that 1) The autonomy support from the mentor had a positive effect on the students' creativity; 2) The students' creative self-efficacy played a mediated role in the relationship between the autonomy support and students' creativity; 3) The students' maturity positively moderated the relationship between the autonomy support and students' creativity. References | Related Articles | Metrics