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20 April 2016, Volume 37 Issue 4 Previous Issue    Next Issue

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A comparison of the industrial innovation capacity between China and the U.S. based on expert surveys in the IC design industry 2016, 37(4): 1-8.  Abstract ( 940 )   This paper measures the international gap of industrial innovation capacity through expert survey method. By selecting proper samples and anchoring vignettes, we improve the reliability of the result of the expert survey method. Then, we apply the expert survey method in the IC design industry in China and US. The survey provides the subjective opinions of expert groups on the industrial innovation output and capacity. It also concludes that the gap of IC industrial innovation capacity between China and US is 40 months at that time. By comparing the innovation environments in China and US, policy implications are drawn from the survey. The expert survey method offers a complementary view to the tradition methods of innovation capacity measurement. Related Articles | Metrics

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A Study of the Influence of Structural Holes on product innovation Performance——A Knowledge Search and Transfer Perspective YING Hong-Bin 2016, 37(4): 9-15.  Abstract ( 884 )   Structural holes have great impacts on product innovation, but the specific mechanism of action is still in mystery. Based on the perspective of knowledge search and transfer, this paper proposed and validated the conceptual model of the influence of structural holes on productive innovation performance. Results show that there is inverted U-shape relationship between structural holes and product innovation. In addition, although knowledge search and transfer both have positive effects on product innovation performance, structural holes is conducive to knowledge search but not for knowledge transfer. The different roles played by structural holes in this process are the reasons for the formation of inverted U-shape relationship between structural holes and product innovation performance. The conclusion of this study provides theoretical guidance for enterprises to have more effective use structural holes. Related Articles | Metrics

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Impact of debt structure of state-owned enterprises on innovation—An empirical test of abuse of debt financing Chen Yan， Zhang Bin， Zhai Ruirui 2016, 37(4): 16-26.  Abstract ( 733 )   By embedding in the Chinese context, this paper studies the influence of debt structure on input and output of innovation. Using a sample of state-owned enterprises (SOEs) of Chinese manufacturing during 2005-2007, we examine the relationship between debt structure and innovation input and output with the 3SLS method. The results show that floating debt is negatively related to innovation input, but positively related to innovation output. On the contrary, long-term debt has no relation with innovation input, but negatively related to innovation output. The innovation of high investment and low efficiency of the state-owned enterprises shows that the principal-agent conflicts are the main contradiction of the state-owned enterprises’ agency problem. From the point of view of innovation efficiency, increasing the ratio of high floating debt and reducing the ratio of long-term debt in the financing structure, the risk of debt abuse can be cut down and the innovation performance can be improved. Related Articles | Metrics

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Moderating Effect of Team Embedded into Relational Governance: Empirical Research on the Cooperative Innovation Zhuang Yue, Pan Peng 2016, 37(4): 27-35.  Abstract ( 917 )   Because of its cross-organization, cooperative innovation project faces with more serious risk in team relationship. Through questionnaire survey, as well as the multivariate statistical analysis of over one hundred cooperative innovation projects in several fields, this paper revealed how positive team management can be embedded in relational governance in the cooperative innovation project. Positive team management can perfect the emergency ability which marked by particular position arrangements of teams, diversify the way of risk identification, early warning and disposing in task and relational conflict. Then cooperative innovation can determine the effective strategies in all kinds of relational governances, and make them more efficient in moderating working, emotional and moral relationships. Above all, not only they can motivate team creativity, but also be good for comprehensive performance of innovation projects. Related Articles | Metrics

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An Empirical Study on Chinese Manufacturing M&A Performance Based on Technology Innovation Ability Zhang Zheng, Nie Si 2016, 37(4): 36-43.  Abstract ( 884 )   Abstract: In recent years, with the rapid development of technology and the speeding of product updating, M&A has become an important way for enterprises to obtain technology innovation ability. By establishing a negative binomial regression econometric model, and measuring the M&A performance of technology innovation ability with enterprise patent number, this paper does empirical research of the M&A behavior of Chinese manufacturing listing corporations from year 1999 to year 2013. The results show: the technological M&A can promote innovation performance, non-technological M&A has no significant effect on innovation performance; absolute scale of the acquired firm knowledge base has inverted U type influence on M&A innovation performance, while absolute scale of the acquiring firm knowledge base has no significant effect on innovation performance; compared with similar technology and unrelated technology, complementary technology can significantly promote the enterprise innovation performance. Related Articles | Metrics

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Corporate Income Tax, Capital Structure and R&D Expenditure Luo Fukai, Wang Jing 2016, 37(4): 44-52.  Abstract ( 1088 )   Based on the sample of Chinese public listed companies from 2009 to 2012, using the hierarchical regression model, this study examines the relationship between the corporate income tax and its R&D expenditure, analyzes the moderating role of capital structure on the relationship of them, and further examines the influence of different property rights. The results show that there is a negative relationship between the income tax and the R&D expenditure, and because of the impact of debt tax shield, the capital structure could relieve the constraints of tax burden on R&D expenditure. And the moderating effect of capital structure is more significant on non-state-owned corporations. This study makes a breakthrough of separately analyzing the relationship between R&D expenditure and income tax or capital structure, which may provide new evidence for the decisions of R&D investment and the choice of capital structure. Related Articles | Metrics

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industry structure; financial development; innovation performance; zero-truncated negative binomial regression Xu Xiaozhou, Ruan Ke 2016, 37(4): 53-60.  Abstract ( 1057 )   Based on the hypothesis that industry structure and financial develop is positively related with regional innovation performance, this thesis uses a panel data set of China’s 31 provinces and municipal cities from year 2004 to 2013 to explore the impact of industry structure and financial development on regional innovation performance by Zero-Truncated Negative Binomial Regression Model (ZTNbreg). The results indicate that: (1) Industry structure negatively relates with regional innovation performance; (2) Financial development also negatively relates with regional innovation performance. Further study shows that: (1) There is a significant substitute effect between industry structure and financial development; (2) The impact of industry structure and financial development on regional innovation performance varies among China’s eastern, middle and western regions. In view of above research results, this thesis draws some conclusions and enlightenment. Related Articles | Metrics

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A comparative study of the impact of technical sources on high-tech industry innovation Yu Liping，Li Shouwei, Liu Jun 2016, 37(4): 61-67.  Abstract ( 912 )   Based on the panel data of Chinese high-tech industry, using the panel data model and panel VAR model，this paper made a study on the relationship between technical sources and the output of innovation. The results showed that the largest contribution to the output of innovation is independent R&D, the elasticity coefficient is 0.336. The elastic coefficient of the updated and introduced technology are 0.175、0.129, purchasing domestic technology has a non-significant performace. Independent R&D and introduced technology have significant area effect. They are both playing a obvious role in promoting innovation in the eastern region. Updated technology is the primary innovation way in the western region. The study also found that the introduced technology’s influence on innovation has a downward trend. Related Articles | Metrics

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The empirical study of the relationship among the transactive memory systems，the dynamic capability and the innovation performance 2016, 37(4): 68-76.  Abstract ( 1221 )   The positive impact of the transactive memory systems or dynamic capability for the innovation performance is emphasized by academic circles at home and abroad and some studies is confirmed that the transactive memory systems is a source for gaining dynamic capability for a enterprise, but Few studies have given their relationship. Under a framework of the transactive memory systems or the dynamic capability, a new theory model is made and the multiple regressionis method used to analysis 229 effective questionnaires located in the Yangtze River Delta region. The relationship between the innovation performance and the transactive memory systems or the dynamic capability is researched and the transmission mechanism and impact path is found. The results show that the dynamic capability is a partial mediating impact between the specialization and the innovation financial performance, a full mediating impact between the specialization and the innovation growth performance and between the coordination and innovation performance in the transactive memory systems. Related Articles | Metrics

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Political connection of entrepreneurs: Does it catalyze speculation or innovation? Zhu Yihong，Zhou Xiang, Zhang Quancheng 2016, 37(4): 77-84.  Abstract ( 996 )   Taking the 10th survey of the private enterprises by National Association of Industry and Commerce in 2012 as sample, this study empirically analyzed how private entrepreneurs’ different levels of political association influence enterprise's strategic choice with OLS regression model. Moreover, the moderating effect of entrepreneur human capital and degree of regional marketization on the relation between political connection level and enterprise strategic choice has also been investigated. The result of this research showed that, entrepreneurs political connection level have a promoting effect on both enterprises’ short-term speculation and technology innovation. Furthermore, the choice of these two behaviors depends on the moderating effect of entrepreneurs’ individual human capital and the degree of marketization. When the degree of human capital and marketization is high, entrepreneurs with political connection tend to choose technology innovation, and vice versa. This research put out a ‘political connection – enterprise decision-making’ model in Chinese specific economic system. Related Articles | Metrics

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Family Involvement in Management, Institutional Environments and Technical Innovation Cai Di, Luo Jinhui, Tang Guiyao 2016, 37(4): 85-93.  Abstract ( 931 )   Using data from the Eighth National Private Firm Sampling Survey, this paper examines the impact of family involvement in management on Chinese private firms’ innovation activities, and further analyzes how this impact depends on local institutional environments. After controlling for other co-factors, the empirical results show that: (1) the number of family member on top management team has a significant positive effect on both firm’s innovation input and output; (2) the above effect is weaker in regions with better institutional environments, suggesting that in transition economy like China, family management is still an effective governance mechanism for firm’s innovation activities, especially for firms in regions with worse institutional environments. Related Articles | Metrics

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A study of technology consistency in the extension of high-tech brands Zheng Chundong, Ma Ke 2016, 37(4): 94-101.  Abstract ( 1021 )   During brand extension of high-tech brand, the technology consistency between products of parent brand and the extension product is not always effective. Brand type and brand loyalty play a moderate role in the effect of technology consistency on brand extension. Through literature review, questionnaires and scales, this paper did statistical analysis based on the experimental data. The results indicated that: for integrated oriented high-tech brand, regardless of the level of brand loyalty of consumers, there is no difference between the evaluation of technology moderately inconsistent extension product and technology consistent extension product; for functional oriented high-tech brand, compared to brand type, brand loyalty plays a more important role. When consumers have high brand loyalty, their evaluation of the technology moderately inconsistent extension product and technology consistent extension product are no difference; when consumers have low brand loyalty, their evaluation of the extension products will depend on the consistent level of the technology between parent brand products and extension products. Related Articles | Metrics

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Research on the influence of knowledge protection capacity on alliance partner selection based on different alliance motivation Zheng Jingli, Long Yong 2016, 37(4): 102-109.  Abstract ( 766 )   The consensus is that alliance partner selection plays an important role in alliance management, however little attention has been paid to its effect on the core knowledge protection as a risk control method. This paper studies the effects of enterprise knowledge protection capacity on the alliance partner selection under the different conditions of academic resource acquisition and non-academic resource acquisition, and proposes nine hypotheses.. The research results show that: under the condition of academic resource acquisition, firms tent to the order of friends >acquaintances > strangers to choose their partners when they have strong knowledge protection capacity; while firms tent to the order of friends >strangers >acquaintances to choose their partners when they have week knowledge protection capacity; under the condition of non-academic resource acquisition, firms tent to the order of friends >acquaintances > strangers to choose their partners no matter they have strong knowledge protection capacity or not. The conclusions of the studies not only enrich the relevant theories on the relationship between enterprise knowledge protection capacity and alliance partnershipselection, but also are instructive to the practice of enterprise alliance. Related Articles | Metrics

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An Empirical Study on the Mechanism of Job-Related Technological Achievements Transformed by Inventors--Based on the Transformation of DMTO Zhang Sheng, Guo Yingyuan, Zhang Ling, Han Jia 2016, 37(4): 110-117.  Abstract ( 760 )   On the view of knowledge, job-related technological achievement is a package composed of explicit knowledge and tacit knowledge, controlled by the R&D department and the inventors respectively. It is not only a significant theoretical issue but also policy issue Whether the inventors can transform the job-related technological achievements. First, this paper puts forward the research hypothesis, the separation between explicit knowledge and tacit knowledge, induces the technology, market, and finance gaps between the transformed body and departments of R&D, consumers, finance arm, respectively; and the bigger the gaps, the stronger that inventors roles. Then, taking the commercialization of DMTO as a case, the paper tests the hypothesis. It finds that it can eliminate the gaps and promote the transformation of job-related technological achievements by means of the spin-off, which means to make inventors and their inventions become an enterprise. Related Articles | Metrics

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Patent Portfolio Strategy of Clean Technology Enterprise Chen Qiongdi 2016, 37(4): 118-125.  Abstract ( 792 )   Innovative solutions?in clean technology enterprises?have?the characteristics of?cross-discipline and multilevel. For those kinds of enterprises, patent portfolio is a necessary and powerful tool to protect their innovations and obtain the sustainable competitiveness. A case study on the construction process?of patent portfolio?of a typical wind energy enterprise shows that building an effective patent portfolio must be based on good understanding of both development trend and competition state of technology. Also, a general?pattern of patent portfolio strategy in clean technology enterprises is?revealed by the case.?While, through the analysis of the patent literature on carbon capture and sequestration field, it is found that patent portfolio analysis can be applied to monitor the technology and competitive state of the field concerned by providing multi-layered visual information and intelligence for the the construction of patent portfolio in clean technology enterprises. Related Articles | Metrics

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Knowledge Sharing in Chinese Universities: A Perspective of Knowledge Governance Mechanism Li Yinping, Xia Huosong, Lu Yaobin 2016, 37(4): 126-135.  Abstract ( 854 )   The study sets out to investigate the level and the influencing mechanism of knowledge sharing among Chinese universities. We propose a conceptual model of knowledge sharing on the basis of knowledge governance among scientific research teams. Within the Chinese context, this paper analyzes how knowledge governance impacts on knowledge sharing through the mediation of sense of ownership as well as the moderation of disciplinal commitment and research network. A questionnaire survey involving 409 team members in Chinese universities indicates: a) that knowledge governance, whether formal or informal, has an effect on knowledge sharing, b) that sense of ownership, with distinctive Chinese characteristics, mediates partially formal knowledge governance and knowledge sharing, and serves as a whole mediation between informal knowledge governance and knowledge sharing, and c) that disciplinal commitment can moderate the relations between informal knowledge sharing governance and knowledge sharing, whereas research network moderates the interaction between formal knowledge governance and knowledge sharing． Related Articles | Metrics

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Analysis of Graduates’ Academic Dishonesty by Game Theory Chen Cuirong, Hu Chengyu 2016, 37(4): 136-142.  Abstract ( 887 )   That graduates abide by academic rules or destruct them is an ongoing process of conflict and construct and also a game between stakeholders. This paper analyzes essential elements and related parameters of the game. It constructs the analytical model about graduates’ academic based on bounded rationality hypothesis and perfect rationality hypothesis, discussing graduates’ academic dishonesty , graduates’ and universities’ utility functions and benefits. The results show that: (1)The magnitude of income plays a key role in graduates’ choice of abide by destructing of academic rules; (2)When the academic dishonesty brings out a certain income, university should increase the punishment and the cost of academic abnormality to reduce dishonesty ;(3)Reducing the cost and increase the probability of investigation is an effective way to prevent academic dishonesty. These results have not only deepened and broadened the theory of academic anomie，but also provided helpful references for dealing with academic dishonesty． Related Articles | Metrics

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The Impact of Network Embeddedness on Joint Venture Capitals’ Information Superiority Wu Jing ， Zhang Jian， Nie Fuqiang 2016, 37(4): 143-151.  Abstract ( 1015 )   Based on the theory of social network, it is crucial to enhance information superiority through joint venture capitals. This research explores the impacts of both structural embeddedness and relational embeddedness on the information superiority of the joint venture capitals. Based on joint venture investment data in China during year 2000-2013, this research empirically analyzes the relationship between the investment ratio and information superiority. The results show that venture capital leaders have the advantages of information search from network locations, while the followers lack of this superiority. In addition, the information sharing among the investors and investees as well as the scale of the joint venture capitals may enhance information search advantage. Related Articles | Metrics

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A new method for predicting the number of NSFC proposals Luo Kaiping， Zhang Renqian， Wang Huiwen 2016, 37(4): 152-160.  Abstract ( 966 )   The number of proposals for the National Natural Science Foundation is dramatically increasing in recent years. The prediction about the number is an important decision-making basis to macroscopically control the undesirable trend. This paper analyzes the application policies and the qualification factors, and then develops a method of predicting the number based on the potential applicants. The experimental result shows that the proposed method has much less average relative prediction errors than polynomial fitting, exponential smoothing, ARMA model and G(1,1) model. Moreover, the new method has an auxiliary capacity of analyzing the impact of the policies on the number of proposals. Related Articles | Metrics