Archive

20 September 2016, Volume 37 Issue 9 Previous Issue    Next Issue

---

For Selected:

Download Citations EndNote Ris BibTeX

Toggle Thumbnails

Select

A Study on the Triggering Mechanism of Original Innovation——based on Motivated Information Processing Theory and Stakeholder Perspective Yang Yan, Cai Xinlei 2016, 37(9): 1-10.  Abstract ( 1060 )   Studies on original innovation mostly focus on its concepts, characteristics, and its influence on firm performance and competitive power. There are relatively few studies about the triggering mechanism of original innovation. Based on innovation theory, stakeholder theory, and motivated information processing theory, this study analyzed factors triggering original innovation and the triggering paths from the perspective of stakeholder view, and then proposed the theoretical triggering mechanism model of original innovation. Research concludes that stakeholders play their roles in original innovation through two paths: the first path is that firm’s taking thoughts or evaluations of users provides filtering mechanism, which helps delete new and useless ideas, ensuring the usefulness of innovation ideas; the second path is that knowledge-based firm reputation built by stakeholders functions as signal mechanism, triggering firm’s original innovation and facilitating innovation commercialization. Our study enriches literature on original innovation, and proposes theoretical support and practical advices for Chinese firms’ original innovation. Related Articles | Metrics

Select

Study on the relationship of Internal R&D investment, external knowledge acquisition and enterprise’s innovation performance Zhao Liyu 2016, 37(9): 11-19.  Abstract ( 1251 )   Open innovation has become one of the important ways of obtaining external knowledge resources and enhancing innovation capability of enterprises. In the field of innovation performance, the literature of comprehensive consideration of internal R&D investment and external Knowledge acquisition are relatively few. Based on literature review and commentary, this paper examines the in?uence of R&D con?guration on innovative performance and the moderating role of a ?rm’s R&D capacity in China's manufacturing industry with reference of the Tobit estimation model. It’s data is from S&T statistics data and 2,905 sample enterprises. The ?ndings suggest that ?rms that increasingly rely on external R&D activities have a better innovative performance, yet up to a point. Beyond this threshold, a greater share of external R&D activities reduces a ?rm’s innovative performance. And such substitution effect is larger for ?rms with greater R&D capacity. This paper provides a better understanding opportunity cost for further opening up R&D borders is higher for ?rms with a superior technological knowledge stock. Related Articles | Metrics

Select

R&D Subsidy, Industry-University-Institute Cooperation and Innovation of Strategic Emerging Industries Wu Jun, Huang Dongmei 2016, 37(9): 20-27.  Abstract ( 1042 )   Innovation organization has a significant impact on innovation performance，because product innovation and process innovation have a difference factor intensities degree of knowledge, technology and skills. Taking 7499 R&D manufacturing enterprises as the reference group, we estimate the innovation performance and its influencing factors of 4833 strategic emerging industrial product and process innovation in Jiangsu province by using the dual logarithm regression model. The Government R & D subsidies have a significant direct impact on the product and process innovation of the reference group, and no significant effect on the target group. Further study found that the individual enterprises subsidies strength of the target group is lower, not to cross the lowest "R&D Investment Threshold". The effect of Industry-University-Research cooperation on product innovation of the target group was greater than that of the reference group, and the effect of the process innovation was less than that of the reference group. The cross terms of government R&D subsidies and Industry-University-Research cooperation has significant effect on the product innovation of the target group, which has no significant effect on the process innovation. Based on the empirical conclusion, the paper puts forward some policy suggestions on the strategic emerging industrial product and process innovation efficiency from the perspective of R&D subsidies and the mode of cooperation. Related Articles | Metrics

Select

Study on Technological Innovation Capability of Domain under the Coupling of Environmental Regulation and Technology Spillovers Tao Changqi， Zhou Xuan 2016, 37(9): 28-38.  Abstract ( 910 )   Environmental regulation and technology spillover are the main factors affecting the technological innovation capability. In this paper, the system dynamics concept model is built to analyze the feedback mechanism of environmental regulation and technology spillovers coupling. And then this study qualitatively analyzes the coupling effects of technology spillovers and environmental regulation, so as to compare provincial differences in technological innovation capability under environment, technology and coupling. Based on the point of view above, this study compares provincial technological innovation capability via lateral and vertical. It distinguishes the "environment", "technology" or "two-way" preference provinces effectively. It also verifies the effectiveness of the provincial technological innovation capability evaluation methods (WT) and the superiority of technology spillover effect and coupling that the essay proposes. Finally, this study proposes that strengthening provincial environmental regulation efforts and optimizing provincial technical overflow path are keys of promoting efficient coupling of environmental and technologies, easing the shortage of resources and elements mismatch, and ultimately enhancing the technological innovation capability. Related Articles | Metrics

Select

An Empirical Analysis on Biased Technological Progress and Decline in the share of Labor Income Ding Congming, Shao Minmin, Xie Fenglin 2016, 37(9): 39-48.  Abstract ( 802 )   Abstract：Technological Progress which deviated from neutral technological progress, leads to changes in the marginal contribution, may be an important factor of the labor income share decline. Based on production function of CES, this article constructed a technological progress misaligned indicator, and estimated the regional technological progress. The results shows: (1) Decomposition shows capital-augmenting technological progress dominated the Chinese economy development in last two decades; (2) Using the dynamic panal data SYS-GMM and corrected LSDV to analyse regional data between 1993-2012, this article found that capital-augmenting technological progress had a significant, robust effect on the share of labor income; (3) Above this foundation, we further decompose the contribution of technological progress on labor income using Wan(2006), the result shows that in the sample interval, more than 20% changes of the labor income share can be explained by capital-augmenting technology. Related Articles | Metrics

Select

Cloud Computing Technology Diffusion and Economic Growth--The Analysis Based on “DSGE” Liu Sen, Liu Yuan, Yang Yang 2016, 37(9): 49-58.  Abstract ( 956 )   The emergence of cloud computing greatly changed the usage model of existing information technology. Its obvious efficiency of cost reducing will significantly cut down the information barrier, deepen integration of informatization and industrialization, thus bring in positive macroeconomic effect. However, little researches focus on this phenomenon. Therefore, this paper adoptes a dynamic stochastic general equilibrium(DSGE) model with the endogenous market structure to analyze the macroeconomic impacts of the application of cloud computing in small and medium size enterprises thanks to the characteristics of cloud computing of turn fixed costs in IT into variable cost. Based on the data of 2014, the results show that cloud computing technology diffusion will promoting our country's GDP growth of 0.42% ~0.79%, the employment rate increased by 0.06%~0.13% and the number of SMEs increased by 1.44%~2.82% after five years. In addition, we find that cloud computing has more influence on undeveloped area compared with developed area. Finally, several targeted recommendations and proposals are raised on cloud computing technology development according to above conclusions． Related Articles | Metrics

Select

Venture Capital, Innovation Investment and Corporate value-Adding Jin Yonghong, Jiang Yusi, Xi Yuqin 2016, 37(9): 59-67.  Abstract ( 998 )   This article, which is based on the systematic review and comment of existing research results of venture capital's efficiency at home and abroad, made empirical analysis of venture capitalists' influence on R&D of a business and on its ability to promote value creation, and of whether VC’s join would increase the ability of R&D to promote value creation. What is more, it also made a comparison between those two effects, in order to get a more clear and accurate comprehension of the role of venture capitalists in the development of pioneering enterprises. By means of empirical approach, it researches all the existing data of listed companies on GEM, and finds that companies which are hold by venture capitalists, compared to those hold by other kinds of institutional investors, are much more interested in innovation investments. In addition, VCs' proportions of shareholding are positively correlated to the companies R&D expends. At the same time, although the efficiency of innovation input really need to be enhanced when aims to make enterprise value appreciation, VC shareholders would have positive influence on increment of value of the enterprises, which is made by innovation; and both would then positively influenced by the increase of VCs' proportions of shareholding. Related Articles | Metrics

Select

How Do Regional Technology Differences Influence Patent Value Song Shuang, Chen Xiangdong 2016, 37(9): 68-77.  Abstract ( 859 )   The technological characteristics of patents are important factors when considering patent value generation. Researchers often assume that innovations are independent from each other and neglect the connection between innovations in the same region. We analyze the relationship between patent value and several technical feature, especially regional technical differences. Strategic emerging industries patents issued by State Intellectual Property Office of China during the period of 1985-2009 are selected as the research object. Patent survival function is estimated using the patent renewal duration as the proxy variable of patent value. The results show that there is a strong connection between three countries’ patent value and its relatively superior (inferior) technical status in each technical sub-area, while the relationship between patent value and technology affiliation is not so obvious. Subsequently, we construct a COX risk regression model to determine the quantitative relationship between regional technological differences and patent value. It can be concluded that regional technological differences have more significant and stable influence on patent value than technology affiliation factor , and the revealed technological advantage will promote patent maintenance and ultimately enhance patent value. Related Articles | Metrics

Select

National Attribute of FDI, Threshold Characteristics and Technical Spillovers: An Empirical Analysis based on the Method of One-stage SFA and Panel Threshold 2016, 37(9): 78-88.  Abstract ( 1025 )   The paper takes the sample of inter-provincial panel data between 1998 and 2012 with capital, labor and carbon dioxide as inputs and makes empirical analysis by means of the one-stage SFA and Panel Threshold methods to study the spillovers of FDI from different source countries on technical efficiency of China’s enterprises. The results show those: (1) the spillovers of FDI from South Korea and Singapore and FDI from other countries exceed those of FDI from America, Britain, France, Germany, Italy and Japan (G7) and FDI from Hong Kong, Macao and Taiwan, and except of FDI from Hong Kong, Macao and Taiwan, the spillovers of other types of FDI in Western China are less than those in Eastern China; (2) the better degrees of marketization and human capital can improve the technical efficiency of China’s enterprises directly and indirectly; (3) in order to observably improve the technical efficiency of China’s enterprises indirectly, FDI from G7 needs the biggest threshold levels in degrees of marketization and human capital, while FDI from South Korea can maximize the spillovers with the smallest threshold levels. Such results mean that we should have scalar attraction of FDI by avoiding low-level FDI and arbitrary selection of high-level FDI according the actual situation of China’s provinces to ensure smooth and leapfrog stimulation for China’s enterprises. What’s more, we should pay more attention to improve the degrees of marketization and human capital aiming to improve technical efficiency directly and indirectly. Related Articles | Metrics

Select

Green Growth Assessment of Resource-based City Based on Fuzzy Entropy and Empirical Analysis Lv Xiaofei, Lu Xiaoli 2016, 37(9): 89-97.  Abstract ( 831 )   Green growth capability of resource-based cities is an effective way to demonstrate a nation’s green growth capacity. This study has constructed green growth evaluation model for resource-based cities: Social economic, resources and environmental, and quality of life systems form the basis of the model, while policy-support is identified as the interactive system. The empirical study was conducted based on data of 17 important resource-based cities during 2000-2013 using the Grey relation projection approach and triangular fuzzy entropy. The green growth indexes for the cities were then calculated. The results indicate that the combined triangular fuzzy entropy and Grey relation projection method is an effective approach to evaluate the green growth capability of resource-based cities; implementation of national policies is the major motivation for the resources city to realize green growth; the green growth capacity of the resource-based cities was constantly improved; the resource-based cities can be divided into four types, including upgraded by innovation, maturely development, rise steadily, and rise of consciousness, according to their green growth capacity. Related Articles | Metrics

Select

Research on the Impact of Science and Technology Entrepreneurial Farmers’ Initial Venture Capital on Entrepreneurial Intention—a survey from 381 sample farmers of Chongqing and Sichuan province 2016, 37(9): 98-104.  Abstract ( 849 )   Scientific and technological entrepreneurship is a sustainable path of agricultural development. The initial venture capital is an important guarantee for farmers' scientific and technological innovation. Based on the previous research and questionnaires of Chongqing and Sichuan province’s science and technology entrepreneurial farmers, we propose a model about the influence of science and technology entrepreneurial willingness of farmers. The results show that education level, personal endowment, contacts, work experience, number of contacting with friends and relatives per month, initial social capital, and financial service conditions have significant impacts on framers’ science and technology entrepreneurship. But we do not find the same significant result on the factors such as sex, age, marital status, frequency of contact relatives monthly, the cost of scientific and technological achievements in the initial start-up capital of farmers and venture capital investment. Related Articles | Metrics

Select

Corporate environmental policy tool design and Compare of low carbon technology innovation 2016, 37(9): 105-112.  Abstract ( 901 )   Under the premise of limited enterprise innovation resources, the necessary condition for companies to innovate carbon technology is that its revenue is greater than other types of innovation activities. In this essay, author introduced low carbon technology innovation opportunity cost into traditional A-J model, system analyze the impact of carbon tax, carbon emission standards, emission reduction subsidies and carbon emissions permits four environmental policy instruments on the choice of enterprise innovation. The model result shows that each environmental policy tool has an optimal level, but each tool has a different incentive effect and economic benefit of low carbon technology innovation. Through the comparative analysis, environmental policy tools in more advanced market mechanism have a better effect in promote the enterprise to choose low carbon technology innovation, and encouraging oriented environmental policy tools can promote the economic benefits of enterprise innovation activities. The results of this paper can provide a theoretical guide for the government to develop environmental policy tools Related Articles | Metrics

Select

The fit between business model and transboundary search strategy for the enterprise innovation performance Wang Sujuan, Wang Jianzhi 2016, 37(9): 113-122.  Abstract ( 905 )   Business model is related to the success or failure of the enterprises, the fit between strategy and business model is beneficial to the sustainable competitive advantage of the enterprise. By using an original data set of 123 firms in China, this study aims to examine the impacts of the fit between business model and transboundary search strategy on the innovation performance. The results show that: efficiency-centered business models coupled with the transboundary search of technological knowledge and the novelty-centered business models coupled with the transboundary search of market knowledge can enhance innovation performance. We also find that the transboundary search strategy moderates the relationship between business model and the innovation performance: with the transboundary search of technological knowledge，the impact of the efficiency-centered business models on the innovation performance is increasing; the novelty-centered business models with the transboundary search of market knowledge increase the innovation performance. Related Articles | Metrics

Select

The Impact of Monetary Policy on Investment Structure Under Different Institutional Environment Zhao Jing, Chen Xiao 2016, 37(9): 123-135.  Abstract ( 910 )   Based on the perspective of enterprise investment structure, this paper studies the effect of monetary policy on the micro enterprise investment, explains how institutional environment affects the transmission mechanism of monetary policy. It is showed that the tightening monetary policy have obvious inhibition on investment of fixed assets and R&D, but the effect on long-term equity investment is not significant. At the same time, according to different institutional environment, government intervention has a positive correlation to over investment, and both financial development level and the legislative level are negatively correlated to over investment. When local government intervention is high, enterprise more prone to excessive investment behavior. And the high local financial development level and the legislative level can restrain the over investment. Related Articles | Metrics

Select

The influence mechanism of managerial overconfidence on corporate credit risk Xu Chaohui， Zhou Zongfang 2016, 37(9): 136-144.  Abstract ( 920 )   The irrational behaviors of managers, that is, “overconfidence”, which may not only affects diversification strategy, but also exacerbates corporate credit risk. In this paper, from the angle of behavior science, on the relationship between managerial overconfidence and corporate diversification and its impact on corporate credit risk has been discussed, furthermore, empirical examination on the Chinese listed companies over the period from 2009 to 2012. The study found: Managerial overconfidence significantly affects the company's diversified operations. Company’s diversified operations have mediating effect between managerial overconfidence and corporate credit risk. In addition, diversification of the prior period can significantly positive affect the manager's overconfidence, while the effects of credit risk of the prior period on the psychological impact of the overconfident managers were not significant. The results of this study have great reference value to the managers’ behavior modification and enterprise management strategies’ formulation. Related Articles | Metrics

Select

A study of Chinese universities’ performance management framework from the perspective of organizational structure Xue Tong, Zheng Yi, Liu Wenbin 2016, 37(9): 145-151.  Abstract ( 854 )   Nowadays, with the growth of investment, expansion of scale, deep-going of reform of higher education in China, measuring the performance of organizations in colleges and universities is an ever-growing phenomena and this has increasingly drawn close attention on the performance relevant issues. However, there are even no universal theoretical frameworks for performance management in colleges and universities accepted by most of the researchers, due to complexity of organizational missions, multiplicity of characteristics, and diversity of stakeholders. This paper takes a perspective of organizational structure, and “division and coordination” which often define the operational pattern and management characteristics of an organization according to the modern organizational theory. After a detailed discussion of division and coordination roles of Chinese colleges and universities, a theoretical framework for performance management based on the organizational configuration is developed for Chinese colleges and universities, using the basic procedures of the usual strategic performance management. Related Articles | Metrics

Select

Study on the green consumption path with environmental resources constraint based on Solow-type model Zhou Jingmiao, Xiao Guirong, Wu Chunyou 2016, 37(9): 152-160.  Abstract ( 785 )   To address environmental degradation and resource exhausting caused by traditional consuming pattern, an optimal green consumption model aiming to maximize social welfare has been built to uncover optimizing paths of green consumption under the equilibrium state. In the proposed mode, environmental resources stock E has been taken into account with a constraint condition of environmental externality. Simulation results under divergent capital elasticity α, the carrying capacity of environmental resources ē, and coefficient of environmental pollution ε and initial value of the green consumption V0 have been drawn based on the proposed model. The findings indicate that: (1) the green consumption V increases and decreases monotonically over time when V0 is lower and higher than VC, respectively, and converges to VC; (2) ē is positively correlated to the green consumption V, yet is negatively correlated to the ratio of green consumption V/(C+V), which plays more significant role in greening the traditional consumption pattern; (3) α is negatively correlated with the ratio of the green consumption V/(C+V), and reaches its peak growth rate when α=0.18. However, a positive correlation exits between the environmental pollution coefficients and the ratio of the green consumption. Related Articles | Metrics