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    20 February 2017, Volume 38 Issue 2 Previous Issue    Next Issue

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    Orientation of technological change, labor distribution rates of FDI and Chinese economic growth
    2017, 38(2): 1-9. 
    Abstract ( 890 )  
    According to the stage theories of FDI development, raising hypotheses about relations between The Orientation of FDI Technological Change, Income distribution gap about FDI and Chinese Economy Growth. Using China economic statistics data during 2000-2012 to Measure the amount of FDI per worker, Labor distribution rate of FDI, Per capita disposable incomes of urban residents in Guangdong, Shanghai, Zhejiang, Jiangsu, Tianjin and the national average , by regression analysis to verify. It found that China is facing a trap in foreign capital utilization. For Share the labor factor of production endowment process, The Orientation of Technological Change formed labor bias, it is strengthened as economies grow. FDI in the distribution of income share fall, China FDI outflow trend increases. Changing the situation need to strengthen the overall foreign investment policy and regulation of income distribution policy, and alternative labor factor of production endowment by innovation.
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    Identification the Innovation Phase of Graphene Based on the Combing Perspective of Patent and Promoting Ideality Degree
    Li Munan, Liang Xinyi, Zhu Guilong
    2017, 38(2): 10-17. 
    Abstract ( 864 )  
    With the rapid growth of technological innovation on graphene in the global world, graphene had become one of the critical and strategic emerging technologies in the international competition. In order to explore the technology evolution stage of graphene, an integrated method is introduced based on TRIZ and patent analysis. From the results of patent analysis, graphene technology experienced several inflection points, and entered into the rapid growth stage, and the related industries would face a number of business chances and the challenges of development and competition, meanwhile, the connected policies and strategies should be adjusted to meet the significant changes. Compared to the pattern of global graphene evolution, the innovation evolution pattern of Chinese graphene seems a little different. In order deeply analyzed the differences between China and global world, the evolutionary principles of TRIZ and non-linear analysis are utilized to this analytical framework. Finally, some police advices for the graphene industries development are proposed.
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    Environmental Regulations, Technological Innovation -----Empirical Analysis on China’s Industrial Panel Data
    Qiang CHEN
    2017, 38(2): 18-25. 
    Abstract ( 1076 )  
    On the basis of a panel dataset of two-digit industry during the period 2003-2010 in China, this paper adopts a two-step approach to analyze the links between environmental regulation, technological innovation and industrial economic performance. Empirical results show that environmental regulation is positively related to technological innovation, implying that current strong environmental protection can induce enterprise to implement more technological innovation. However, environmentally induced innovation effect is not sufficient to promote industrial economic performance. Furthermore, environmental regulation has different impact on different industrial economic performance indicators. This finding doesn’t support Porter hypothesis that more stringent environmental regulation can trigger innovation that may partially more than fully offset the costs of complying with them and enhance industrial economic performance in China. At last, some suggestions are provided.
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    Markets, Legal Environment and Regional Innovation Activities
    2017, 38(2): 26-34. 
    Abstract ( 1017 )  
    This paper uses the panel data of 283 prefecture-level cities during 2001-2011 to explore the role of market environment and intellectual property rights protection in regional innovation activities. Our empirical results show that both the Demonstration effect which is stemmed from the demand in technology markets and the protection effect which measures the degree of intellectual property right protection are important determinants of regional innovation. In other words, those two effects alone could explain 3/4 of the variance in regional innovation activities. We showed that, those two effects influence the innovation by directly raising the input of R&D. Those results are robust even we controlled other variables that are mentioned in the literature. We conclude that promoting the rule of law and building a fairly competitive market would be essential to increase the innovation level, promote China's industry upgrade and economy transformation.
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    Research on Relational Mechanisms, Formal Contracts, and Suppliers’ Knowledge Acquisition in International Outsourcing
    Tan Yunqing
    2017, 38(2): 35-43. 
    Abstract ( 736 )  
    This research focuses on relational and contractual mechanisms and examines their impact on service suppliers’ acquisition of tacit and explicit knowledge from Multinational Corporations in international outsourcing. Based on a theoretical analysis and an investigation into 232 service providers operating in China via questionnaire and empirical study, it is found that: Firstly, relational mechanisms (trust, cooperation and guanxi) have a positive effect on the acquisition of tacit and explicit knowledge, and guanxi shows the most important effects. Secondly, contract mechanisms relate positively to effect on the explicit knowledge acquisition and negatively to the acquisition of tacit knowledge. Thirdly, relational and contractual mechanisms have a positive, collective effect on service suppliers’ explicit and tacit knowledge acquisition.
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    The Allocation of Entrepreneurship between Productive and Unproductive Activities: Empirical Study Based on Chinese data
    He Xuan, Ma Jun, Li Shengwen
    2017, 38(2): 44-51. 
    Abstract ( 1483 )  
    To the individual entrepreneur, the optimal allocation of entrepreneurship is the source of wealth. For the development of economy of a country, the role of institutions in determining whether entrepreneurs will channel their efforts toward productive activities or toward unproductive activities is crucial. Based on empirical study, this paper founded that the construction of reward and taxation could alter the allocation. And the unproductive entrepreneurship is 4 times to productive entrepreneurship. The warning of this paper is that institution in China has cause over allocation of entrepreneurship into unproductive activities.
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    The scale-effect of knowledge production of innovation economy sector: Evidence from China’s national high-tech industrial development zone(NHIDZ)
    Hu Beibei, Wang Shengguang, Zhang Xiufeng
    2017, 38(2): 52-58. 
    Abstract ( 784 )  
    A crucial debate between Romer(1990) and Jones(1995) is centered on whether there is scale-effect or not in knowledge production process. This paper estimates the scale-effect of the knowledge production of innovation economy sector of NHIDZ by using panel data method. We find that the stock of knowledge and human capital play significant role in the knowledge production process, and the output elasticity with respect to the stock of knowledge is around 0.89-0.97, the output elasticity with respect to human capital is around 0.52-0.64.The sum of the output elasticity of the stock of knowledge and human capital is significantly greater than 1, indicating that the knowledge production of innovation economy sector of NHIDZ does have scale-effect to the existing stock of knowledge and human capital,and the facts support the Romer-type knowledge production function. This finding can be useful for the making of innovation policy.
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    Research on Relationship between Innovation Input and Output of High-tech Industry: The Case of Manufacture of Aircrafts and Spacecrafts in China
    Huang Lucheng, Huang Bin, Wu Feifei, Miao Hong
    2017, 38(2): 59-67. 
    Abstract ( 977 )  
    The paper uses data of manufacture of aircrafts and spacecrafts from 1995 to 2013 in China and the method of canonical correlation analysis and granger causality test to research on relationship between innovation inputs and outputs of high-tech industry. The results show that although there is a high correlation between innovation inputs and outputs, the granger causality between them is not clear, which illustrates that positive interactive relationship between them has not been formed. The study can provide theoretical reference for management practice
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    Does Performance-based Accountability Improve Regional Innovation? Empirical Evidence from Chinese Provincial Governments
    2017, 38(2): 68-76. 
    Abstract ( 765 )  
    Under the context of implementing the innovation-led development strategy, the effects of performance-based accountability mechanism on regional innovation have drawn increasingly attention in China. However, the relevant empirical research is rare. In the light of organizational pressure-response theory perspective, the paper focuses on the the annual report of local government, and empirically tests the relationship between performance-based accountability mechanisms and regional innovation by means of panel data from 31 provincial governments (2003-2012). The finding shows that there are insufficient effects of performance-based accountability on regional innovation, which depend on the rational choice of local government. Thereupon, it is essential to design the performance-based accountability mechanism on the premise of analyzing the role characteristics as well as the impression management motives of local governments, in order to motivate them to advance the implementation of innovation-led development strategy.
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    Regional Innovative Network、Heterogeneous Firm Growth and Regional Innovation
    2017, 38(2): 77-83. 
    Abstract ( 925 )  
    This article explaining regional innovation from the interactive process of RIS structure and heterogeneous firms’ growth. The key to good regional innovation performance is breakthrough innovation, which can boom the growth of heterogeneous firms. Diverse try-by-error of innovators cluster is the source of market discovery and breakthrough innovation. The regional innovation network must discover and allocate resources to support heterogeneous SME’s entry and survival. The route128 area as an example, the performance of regional innovation depends on whether regional innovative resources are open to heterogeneous SME.
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    Impacts of technological characteristics on purchase intention in social shopping communities
    Zhang Hong, Lu Yaobin, Yan Yanling
    2017, 38(2): 84-92. 
    Abstract ( 844 )  
    With the proliferation of social commerce, a new e-commerce business model, that is, social shopping community (SSC) has emerged. The key revenue source of a SSC is facilitating online purchase and thus the purchase conversion rate of consumers is crucial for the sustainability of a SSC. However, there is a corresponding lack of understanding about what motivates consumers to purchase from SSCs. Based on the stimulus-organism-response (S-O-R) framework, we develop a model from an integrative perspective of cognitive and emotional trust, and use it to investigate how technological characteristics (sociability and self reference) of SSCs influence consumers’ cognitive (cognitive trust in competence and cognitive trust in integrity) trust and emotional trust in SSCs, as well as how trust in turn affects their purchase intention. The results of our survey of 405 members of Meilishuo, a Chinese SSC, indicate that sociability has a significant impact on cognitive trust in integrity and emotional trust, and self reference significantly increases cognitive trust and emotional trust. Cognitive trust in SSCs’ competence and integrity and emotional trust in SSCs stimulate their purchase intention. Further, emotional trust plays a greater role in determining purchase intention than cognitive trust.
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    Organizational emotional capability , organizational learning and innovation performance of high-tech enterprises
    Sun Rui, Zhao Chen
    2017, 38(2): 93-100. 
    Abstract ( 997 )  
    The research using matching survey method from more than 300 high-tech enterprises showed that organizational emotional capability (OEC) has a positive impact on product, process innovation performance by mediation of organizational learning (OL). And organizational commitment plays a moderating role on the above path, so as to form a moderated mediation model. It is a meaningful research to explore the innovation mechanism and path from a new perspective of emotional capacity, which would help provide beneficial reference for innovation management practices in high-tech enterprises.
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    Relationship Research of Financial Constraints and Corporate Investment:Based on the analysis of family control’s negative moderating
    Li Zuokui, Wu Xianyun
    2017, 38(2): 101-111. 
    Abstract ( 850 )  
    Abstract:The ownership structure of family firms, as an important and influential factor on the corporate investment, determines whether family control alleviates or exacerbates financial constraints. The paper, by means of an estimation of system GMM based on dynamic panel data, analyses the function of family control and investment-cash flow sensitivity and studies the relationship among family control, financial constraints and corporate investment. The analysis shows that family control plays a negative moderating role significantly, lowers investment-cash flow sensitivity and alleviates the problem of serious financing constraints. Furthermore, the results also show that the difference in the type of family control has different degree influence on the relationship between financial constraints and corporate investment. These results make clear that the ownership structure of family firms plays an important role in finding market opportunities and promoting corporate value. They also explain well of the specific manifestation of dynamic enhancement of the current mixed ownership, in which family firm shares in the state-owned enterprises.
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    Research on ERP Assimilation-Oriented User Learning and Growing Path
    Gao Luan, Liu Luning, Feng Yuqiang, Jia Chunmei
    2017, 38(2): 112-124. 
    Abstract ( 911 )  
    The promotion of users’ ERP assimilation and the realization of business value of ERP systems depend on users’ continuous learning. Through a multi-case study, this study aims to explore the pattern and theory of ERP assimilation-oriented user learning. The results suggest that ERP assimilation-oriented user learning can be grouted into 4 phases, namely, training phase, adapting phase, routine phase, and extending phase, as well as that the mandatory requirements of learning phase weaken continuously. Learning-via-practice, learning-via-communication, learning-via-support, and learning-via-investment are four usual learning ways, and learning-via-practice and –communication are more effective than learning-via-support. In the same learning phase, the learning ways of different ERP users are same, but different in different learning phases. User voluntary participation, organizational enforcements, and learning opportunity determine whether a transaction user can become a VIP user, and under their effects, ERP users have 8 different growth paths.
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    The impact of strategic assets investment on capital structure by taking ChiNext companies in China as an example
    2017, 38(2): 125-134. 
    Abstract ( 725 )  
    Most of studies about the capital structure influencing factors from the perspective of industrial organization theory focus on the impacts of price, production, industry characteristics etc. on capital structure under the premise of firms homogeneity. Different from existing researches, this article, under the premise of firms heterogeneity, tests the relationship between different strategic assets investment characterized by specificity and capital structure using empirical research method based on the transaction cost theory. The research conclusion is that strategic assets investment is negatively related to the capital structure, and the influence degrees of different strategic assets investment on capital structure are different, which are reputation investment, technology investment, R&D investment, human capital investment and relationship investment from high to low in turn. This article has important significance for improving capital structure influencing factors’ theory research from the perspective of industrial organization and the optimization of China ChiNext companies’ capital structure.
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    Antecedents of Supplier Integration from a Resource-based View and Effects on Performance
    Zhao Gang, Xu Dehui
    2017, 38(2): 135-143. 
    Abstract ( 673 )  
    Based on 176 surveys collected from Chinese manufacturing companies, this paper studies the impact of company’s resources (information technology, top management support and strategic purchasing) on supplier integration (supplier focus, supplier involvement and supplier communication) and subsequently on financial performance, using structural equation modeling based on PLS. The empirical results reveal that supplier focus can be enhanced by the three kinds of resources, supplier involvement can be enabled by information technology and top management support, while supplier communication can only be driven by strategic purchasing; supplier focus and supplier communication can marginally significantly improve financial performance.
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    An Analysis of Strategic transformation Based on Huawei
    Zhuang Xuemin
    2017, 38(2): 144-152. 
    Abstract ( 1155 )  
    With the continued rapid development of science and technology, the business border within the industry and business strategy adjustments become the norm and strategic choice for enterprise survival and development becomes more important. By adopting case study method on Huawei, this paper develops a strategic transformation-oriented financial diagnosis framework supported by Chinese conventional wisdom, resource-based theory, life cycle theory and sustainable growth theory. By exploring the key elements of the strategic transformation, which are product life cycle , enterprise resource base, and proper financial incentives, this paper illustrates that only all the three elements are available can a company achieve its strategic transformation goals - sustainable growth and enriches the strategic goal-oriented financial decision theory connotation.
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    A study on the Impact of Intellectual Property Right Policies System on Social Welfare in China
    Liu Xuefeng, Gao Xin
    2017, 38(2): 153-160. 
    Abstract ( 644 )  
    Taking intellectual property right policies system of promoting the capability of indigenous innovation as a subject, establishing mathematical model of BP Netual Net through MATLAB, the paper explores its effects on social welfare in China, so as to give some advices on how to promote social welfare in China. The author discovers that different policies have diverse influence on the direction and degree of social welfare. The paper concludes that the government should not only add up the number of the policies, but also strengthen the effort of the policies, should adjust the policy goals, promote the conflict coordination mechanism between policies, reform the measures of the policy system, and desalinate administrative intervention and utilizing policy tools of stimulating innovation.
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