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25 August 2014, Volume 35 Issue 8 Previous Issue    Next Issue

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Empirical research of relationship between innovation activities and performance of financial service industry Liang Lingling, Chen Song, Cao Wenhong 2014, 35(8): 1-7.  Abstract ( 1431 )   PDF (1KB) ( 2308 )   With growing competition, financial service industry pays more attention to innovation. However, excessive or insufficient innovation is not conducive to the healthy development of the financial sector. While existing research has not make it clear what is the relationship between innovation and performance in financial service industry. This paper, based on the survey data collected from 171 financial firms of Shanghai, Zhejiang, Beijing and Guangdong, empirically studied the correlation between innovation activities and performance in the financial sector. The results show that financial innovation activities can significantly improve performance and, enhancing innovation frequency plays more significant role than increasing innovation input. Financial firms' innovation activities can improve growth performance more significantly comparing technical performance. Also, improving technical performance can effectively promote growth performance. References | Related Articles | Metrics

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Business network, institution support, and independent innovation—An empirical study on industrial clusters in Guangdong Province Zheng Muqiang, Xu Zongling 2014, 35(8): 8-15.  Abstract ( 1369 )   PDF (1KB) ( 1786 )   According to different channels of outer information source, this paper divides the business network into horizontal spillovers networks, vertical spillovers networks and local business network, and explores whether the four types of institution support have moderate functions in supporting the business network and independent innovation. And then the paper discusses the effect of these dimensions on independent innovation performance based on the survey of the local industrial cluster in Guangdong province. According to effective questionnaires, the method of hierarchical regression analysis is used to test the models, and it is revealed: (1) international business networks and local business network have a significant impact on the independent innovation performance; (2) government department support has a significant moderate effect on the relationship between three types of business networks and independent innovation performance. While scientific research institution support only has a significant moderate effect on the relationship between international business network and independent innovation performance; (3) the moderating effects of financial institution and industry association on the relationship between business network and independent innovation performance are not significant. References | Related Articles | Metrics

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The impact of stakeholder’s personal relationships and knowledge sharing behavior on performance of complex product development Wang Juanru, Yang Jin 2014, 35(8): 16-24.  Abstract ( 1394 )   PDF (1KB) ( 1673 )   Based on the intensive literature review, three components of stakeholder's personal relationship are put forward, and they are Ganqing, Renqing, and Mianzi. The relationships of three components of stakeholder's personal relationship, knowledge sharing behavior and performance of complex product development are analyzed, and the theoretical model is established. Then, stakeholders of complex product development team are selected as survey objects, and the model is tested empirically. The findings reveal thatGanqing, Renqing, and Mianzi of stakeholders all have significant positive effect on knowledge sharing behavior, Ganqing and Mianzi have significant positive effect on performance of complex product development, and knowledge sharing behavior has significant positive effect on performance of complex product development. Another two conclusions are also gained: one conclusion is that knowledge sharing behavior plays a wholly intermediate role between Renqing and performance of complex product development, and the other conclusion is that knowledge sharing behavior plays a partial intermediate role between Ganqing and performance of complex product development, and between Mianzi and performance of complex product development. References | Related Articles | Metrics

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Research on fairness perception, relationship quality and R&D cooperative relationship value Liu Gang, Wang Lan 2014, 35(8): 25-33.  Abstract ( 1252 )   PDF (1KB) ( 1748 )   In this paper, the impacts of fairness perceptions to relationship values in R&D cooperation are argued with intervening variableof relationship quality and by the application of structural equation model and by use of 198 sample data from Shanghai automobile industrial R&D cooperative relationships. It is found out that the procedure fairness and interaction fairness have an impact on relationship values through satisfaction, and influences of procedure fairness are less, influences of interaction fairness are more. And the influences of distribution fairness on relationship values are achieved through commitment path. Also, the influences of satisfaction to relationship values are maximizing, the second is trust, and the third is commitment. References | Related Articles | Metrics

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An empirical study on strategic human resource management, organizational climate for innovation and R&D personnel innovation Sun Rui 2014, 35(8): 34-43.  Abstract ( 1485 )   PDF (1KB) ( 1877 )   This paper makes an empirical study of the relationship among strategic human resources management, organizational innovation climate and R&D personnel by means of a questionnaire. The study shows that in the Chinese organizational climate, focusing on performance, granting reasonable authority, conducting extensive training, promoting career development, participating in decision making and providing supporting wages and benefits, and other strategic human resource management practices in the organization will promote innovation of the R&D personnel by acting on the organizational climate, namely the above effects occurs through the mediation of organizational innovation climate. This paper has a certain guiding significance on how to organize and give a full play of the synergies of the human resource management elements, create a positive atmosphere and promote innovation of the technology professionals. References | Related Articles | Metrics

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Conflict of work hours and work family：A study based on sex difference Jin Jiafei, Liu Chongrui, Li Wenyong, Patricia Mary Fosh 2014, 35(8): 44-50.  Abstract ( 1545 )   PDF (1KB) ( 1951 )   Work family conflict has attracted wide attention in both industrial and academic fields. Research on the effect of long working hours is, however, still inconclusive due to lack of empirical support, especially in China. The aim of this article is to add to the understanding of work family conflict by exploring the effect of sex differences and gender-role attitudes on the relationship between work hours and work family conflict. Data was collected from 2030 full-time Chinese employees located in five regions of China, and the results suggest that work hours have a significant effect on work-family conflict and sex has a positive moderating effect on this relationship. In addition, a three-way interaction effect among work hours, sex and gender-role attitude was found that helps to explain inconsistencies in current work family conflict research. Specifically, men with traditional gender-role attitudes experienced stronger work family conflict than did men with egalitarian gender-role attitudes. The implications of these findings are explored and discussed. References | Related Articles | Metrics

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An exploratory case study on the formation and evolution of open innovation network Peng Huatao, Bert Sadowski 2014, 35(8): 51-58.  Abstract ( 1615 )   PDF (1KB) ( 2530 )   How companies construct open innovation network which always integrate and co-evolve with strategic network and business ecosystem during strategic phases has been the key factors to influence the performance of open innovation. This paper explores the relevance and logic between open innovation network and strategic network, business ecosystem. In this paper, the High Tech Campus Eindhoven in the Netherlands which produces one patent in every 20 minutes was selected as the main study subject. By using exploratory case study, we find that during its formation and evolution process, the open innovation network can be generalized into three types: ‘1+0’, ‘1+N’ and ‘N+N’. We also find that the formation and evolution of open innovation network were decided by two factors, that is, types and evolution tendency of strategic network and the Niche evolution of core species in business ecosystem. References | Related Articles | Metrics

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Study on the relationship between organizational change and implementation of advanced manufacturing technology Song Jinbo, Qu Wenting, Fu Yanan 2014, 35(8): 59-67.  Abstract ( 1294 )   PDF (1KB) ( 2111 )   Implementation of advanced manufacturing technology (AMT) is an important support to promote the upgrading of manufacturing industry in the 21st century. This paper establishes a structural equation model to interpret the relationship among organizational structure reform, job reform, people management reform and implementation effect of AMT based on literature review and questionnaire investigation. Through the empirical research of 307 equipment manufacturing enterprises in China, the paper also analyses the different influences of the three types of organizational change on implementation effect of AMT, and examines the influences of context factors and AMT categories on the relationship between organizational change and implementation effect of AMT. The results show that: (1) People management reform is the most important factor which influences enterprises to implement AMT;(2) There are significant path relationship among operating benefit, management benefit and competitive benefit;(3) The administrative/integrated AMT hasmore urgent requirements for organizational change than the design-related /manufacturing AMT. References | Related Articles | Metrics

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Enterprise partner evaluation of generic technology development in strategic emerging industries—Construction and application of double-dimension and two-phase model Xiong Yongqing, Bai Yun, Chen Xiaohong 2014, 35(8): 68-74.  Abstract ( 1625 )   PDF (1KB) ( 1928 )   Focuses on the problem of enterprise partner selection for generic technology development in strategic emerging industries, this paper identifies a cooperative enterprise selection model of double-dimension and two-phase based on the "individual" and "relationship" dimension. Then the "first-round selection" aims to choose some finalist enterprises by using the method based on MCDM and ameliorated multi-objective optimal decision, and the "dynamic adjustment" phase establishes the dynamic screening of enterprises by constructing a cooperation capability-performance matrix model. The cooperative enterprises are divided into "motivated type", "balanced type" and "suspended type". Finally, an example applies the model to verify its rationality and operability, providing a practical approach for enterprise partner selection on strategic emerging industrial generic technology development. References | Related Articles | Metrics

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An empirical research on dynamic capabilities deconstruction and their relationship with competitive advantage Jiang Jihai, Liu Min 2014, 35(8): 75-82.  Abstract ( 1367 )   PDF (1KB) ( 1864 )   The dynamic capability is an ability to manage the operational capabilities, that is, a high level capacity to integrate and update operational capabilities to create and sustain competitive advantage. This study deconstructs dynamic capabilities from a new perspective of time and space evolution and builds a three-dimension model of dynamic capabilities' components including extent, depth, and evolving speed of dynamic capabilities. Then, the relationship between the dynamic capabilities and competitive advantage is tested by field survey and structural equation model. The findings show that the four components of dynamic capabilities have a positive effect on the competitive advantage and environment uncertainty plays a mediating effect. References | Related Articles | Metrics

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Recognition of opinion leaders based on dynamic network analysis Ma Ning, Tian Ruya, Liu Yijun, Li Qianqian 2014, 35(8): 83-92.  Abstract ( 1867 )   PDF (1KB) ( 1596 )   Opinion leaders play an important role in promoting the formation of public opinion, which can influence the direction of public opinion. Existing research in opinion leaders focused on the recognition methods based on Social Network Analysis but not on different characteristics, functions and status of the opinion leaders. Due to shortage of existing research data, first of all, we use the Dynamic Network Analysis(DNA)to recognize the opinion leaders of online communities, and describe the establishment of meta-network and sub-network layers of online communities in details. Then, we propose six categories of opinion leaders and use some related measures to recognize the six categories of opinion leaders: the focal people, the spread people, the active people, the potential active people, the exclusivity people of posts, the exclusivity people of keywords. Finally, we show the feasibility and innovativeness of this method through a case study. References | Related Articles | Metrics

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Research on TRIZ-based management innovation in small and micro science and technology companies Yang Bo 2014, 35(8): 93-100.  Abstract ( 1384 )   PDF (1KB) ( 2043 )   Management innovation can be described as a key factor to facilitate the healthy and sustainable development of small and micro science and technology companies, and TRIZ, which is rendered as the theory of inventive problem solving, has expanded its application to the field of management while witnessed certain favorable applicability to management innovation in small and micro science and technology companies. The conceptual model of TRIZ's influences on management innovation in small and micro science and technology companies, which are based on theoretical analysis, together with the data collected from questionnaires, have been used to verify the assumptions herein in the manner of structural equation model. The results indicate that, with respect to TRIZ, its management innovation principles, ideal final result, management conflict and separation principles, management revolution theory and other theories demonstrate significant positive influence on management innovation in small and micro science and technology companies. From the perspectives of theoretical research level, government level and company level, certain policy proposals concerning how to effectively promote the application of TRIZ to management innovation in small and micro science and technology companies have been presented. It seems fair to say that the research outcomes would deepen as well as expand the application of TRIZ to the filed management and meanwhile provide the management innovation practices in small and micro science and technology companies with some beneficial references and suggestions. References | Related Articles | Metrics

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Research on the relationship of ratchet effect and earnings management Mei Shiqiang, Wei Haoqiang 2014, 35(8): 101-109.  Abstract ( 1333 )   PDF (1KB) ( 1912 )   This paper has discussed the difference between positive and negative directions of ratchet effect as well as earnings management. It also pays more attention to the negative ratchet effect and earnings management than other scholars do. Furthermore, based on the data of the Chinese A-share companies from 2007 to 2012, the empirical analysis on the relationship of ratchet effect and earnings management has been applied. The results indicate that ratchet effect is one of the important factors triggering the behavior of earnings management, and managers can manage earnings effectively to get more benefits in the next year by ratchet effect. All of these add value on the study of earnings management and have some significance of reference. References | Related Articles | Metrics

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The relationship between resource combination and performance of new ventures under different environmental contexts Yin Miaomiao, Ma Yanli 2014, 35(8): 110-116.  Abstract ( 1555 )   PDF (1KB) ( 2085 )   Resource combination plays an important role in the development of new ventures. However, we still know little about how new ventures combine resources to improve their performance. Therefore, this paper explores how resource combination (stabilizing and pioneering) influences new ventures performance. After cluster analysis and regression analysis on 904 new ventures, we get results as follows: in highly munificent and low dynamic environment, both ways of resource combination have positive effect on the performance; in highly dynamic and low munificent environment, only the pioneering way of resource combination has positive effect on the performance. References | Related Articles | Metrics

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The meta-analysis on the relationship between organizational learning and organizational performance based on the moderating effect of measuring and situational factors Jiang Jianhua, Liu Chengjun, Jiang Tianying 2014, 35(8): 117-125.  Abstract ( 1495 )   PDF (1KB) ( 2046 )   There is still no consensus as to the relationship of organizational learning and organizational performance. Based on the domestic and foreign research literature, the research of organizational performance is divided into financial performance and non-financial performance, and then by using the meta-analysis method, this paper makes a comprehensive analysis on the relationship between organizational learning and its financial performance as well as non-financial performance. The results have showed that the significant positive relationship between organizational learning and its financial performance as well as non-financial performance (rf = 0.442;rnf = 0.483). The paper then not only tests the homogeneity of these articles, but also explores some potential measuring and situational variables that may moderate relationship. It finds out that organizational learning measurement items and industrial advanced level significantly adjust the relationship between organizational learning and organizational performance. References | Related Articles | Metrics

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Alliance networks’ characteristics and change of organizational learning patterns：A longitudinal case study Song Zhihong, He Yang, Li Dongmei 2014, 35(8): 126-133.  Abstract ( 1491 )   PDF (1KB) ( 2246 )   Applying a longitudinal case study method based on event history analysis, the paper takes Sony's alliance networks between 1995 and 2012 as the case and investigates the relationship between four characteristics of alliance networks and organizational learning patterns, including the types of alliance networks, the level of resource commitment, duration of interactive relationships, and types of network partner capabilities. The research results show that, compared with 1995~2004, Sony managed to transform from less explorative learning to more exploitive learning during the period of 2005~2012 by concluding relatively more equity agreements, increasing the level of resource commitment, strengthening the tieswith its existing partners, and searching for network partners with homogeneous capabilities.The results of case study imply that managers can achieve the change of organizational learning patterns by deliberately designing the alliance network portfolio and alliance networks' characteristics. References | Related Articles | Metrics

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Research onthe decision of closed-loop supply chain under the government premium and penalty based on different power structure Li Xinran,Cai Haizhu, Mu Zongyu 2014, 35(8): 134-144.  Abstract ( 1349 )   PDF (1KB) ( 1878 )   Aimed at a closed-loop supply chain (CLSC) with a single manufacture and a single retailer under the government premium and penalty mechanism, this paper constructs a centralized CLSC game model and three decentralized CLSC game models with game theory, which are manufacture and retailer Nash balance, manufacture-stackelberg, and retailer-stackelberg. Then, we discuss the impact of the premium and penalty range as well as lowest return rate on the decision and profits of the four CLSC models. The research shows that as the premium and penalty range increases, wholesale price, collection rate and manufacture's profit increase while retail price reduces. The retailer's profit and CLSC total profit are affected by both government premium and penalty range and the lowest return rate. Therefore, only if the government set up reasonable penalty range and the lowest return rate can CLSC and members in the system obtain economic and ecological benefit. References | Related Articles | Metrics

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Evolutionary game analysis on local government supervision and rare earth upstream enterprises Song Zhijie, GuoYanping, Cui Dongchu 2014, 35(8): 145-152.  Abstract ( 1239 )   PDF (1KB) ( 1970 )   Local government regulators and rare earth upstream enterprises are two important bodies in the rare earth upstream regulating market, and the interests of them both have a certain dynamic. In this paper, we established the evolutionary game model of local government regulators and rare earth upstream and then used matlab simulation software to analyze the findings. We found out that it is helpful to regulate the rare earth upstream market order by lowering the regulatory costs of local government regulatory authorities, increasing the punishment of upstream rare earth's illegal behavior, increasing the central government's subsidies to local governments and building a good external relationship for the rare earth upstream companies. References | Related Articles | Metrics

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Research on the value relevance of advertising expenditure and R&D expenditure Ren Haiyun 2014, 35(8): 153-160.  Abstract ( 1394 )   PDF (1KB) ( 2163 )   Based on the data of 601 manufacturing companies listed on the A-shares market and using correlation analysis and regressionanalysis, this paper examines the value relevance of advertising expenditure and R&D expenditure and the complementarity of these two kinds of expenditures. Also, the accounting treatment of these two kinds of expenditures is discussed in this paper. Results show that in high-technology industry, capitalized R&D is positively and significantly associated with corporate value and the expensed R&D has no significant relevance with corporate value. Whether it is in high or low technology industry, advertising expenditure has a positive and significant relation with Tobin's Q. These findings suggest that capitalizing R&D expenditures policy should be only applied to high-technology industry, and the advertising expenditure should be capitalized in all industry. The paper also finds that advertising and R&D are complements in high-technology industry and market pull is more important than technology pushin the value creation of Chinese manufacturing listed companies. These results provide beneficial reference for enterprise investment decision; also they have important referencevalue for accounting standards establishing department. References | Related Articles | Metrics