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20 March 2017, Volume 38 Issue 3 Previous Issue    Next Issue

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Creditors’ governance, innovation incentive’s duality and innovation performance: An empirical study from the perspective of relational creditor Wang Xu 2017, 38(3): 1-10.  Abstract ( 943 )   Debt heterogeneity theory has offered a new perspective to explain the relationship between debt financing and corporations’ technological innovation under the fierce competition environment. The duality property of innovation incentive has been first put forward by this paper, based on which the mediation effect of these two types of innovation incentive between banks’ governance and innovation performance has been tested from the perspective of relational creditor. The moderation effect of property right has also been studied so as to explore the function border of banks’ governance towards innovation performance. It is found out that commercial banks in China have been showing typical features as relational creditor, and its governance mechanism can boost debtors’ innovation performance through the mediation effect of constraining innovation incentive. While the mediation effect of encouraging incentive is not significant. Furthermore, property right can significantly moderate the relationship between creditors’ governance and innovation performance. Along with equity ratio of state owned shares increases, there is less constraining incentive generated by creditors’ governance mechanism, and its boost effect upon innovation performance is consequently weakened. Related Articles | Metrics

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The Influence of Network Routines to the Innovation Performance in Industry-University-Institute Innovation Lu Yanqiu, Ye Yingping 2017, 38(3): 11-17.  Abstract ( 1052 )   Network routines is the key factor that influences the cooperative innovation performance. On the basis of reviewing the related literature, to organizational learning as intermediary variable, build a theory model network practice, organizational learning influences the performance of cooperative innovation , and use the data collected doing the empirical study. The results show that: the influence of network routines on cooperation innovation performance inverted U-shaped, namely network routines exist "threshold effect"; At the same time in organizational learning plays a significant intermediary role between the network rountines and cooperative innovation performance. Related Articles | Metrics

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A research on the formation mechanism of service innovation abilityin manufacturing enterprises: The role of channel 2017, 38(3): 18-28.  Abstract ( 835 )   In the process of transformation and upgrading through service innovation, manufacturing enterprises are facing the dilemma of the contradiction between the importance of heterogeneous knowledge and the high difficulty and high cost of the cross-border search. After building the theoretical relationship model of relation among marketing knowledge, channel learning and service innovation ability, the multiple regression method is used to the empirical analysis of 162 enterprises in Zhejiang province. The result shows that marketing knowledge and channel learning have significant positive effect on service innovation ability, and the channel learning has the intermediary effect; the size of an enterprise plays a positive regulatory role which has an influence on marketing knowledge, channel learning and service innovation ability; the industrial category has the function of regulating in the path of marketing knowledge to channel learning. Related Articles | Metrics

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A study of innovation efficiency evaluation and promotion path ofregional patent intensive industries by taking Zhejiang Province as an example Wang Liying, Wang Jiamin, Yu Weijia 2017, 38(3): 29-37.  Abstract ( 894 )   Developing patent intensive industries is an important strategy to promote industrial competitive advantage. Due to unbalanced development of economy and differences in leading industry of different regions, regional patent intensive industries are still faced with problems of mismatch between technology input and output, inactive technical transformation investment market and other problems, so it is urgent to do some researches on innovation efficiency evaluation and promotion path. Based on construction of regional patent intensive industries and from the perspective of innovation value chain, the paper divides innovation processes into three stages，including science and technology output, commodity output and value output, and studies by using DEA to differences in innovation efficiency of regional patent intensive industries and non-patent intensive industries at different stages. The paper indicates that innovation efficiency of regional patent intensive industries are better than non-patent intensive industries, but they are not DEA effective in every stages, and innovation input and output for some of the industries do not match and the input redundancy of these industries are serious in the stages of commodity output and value output. Then the paper puts forward the promotion path for innovation efficiency on regional patent intensive industries, and some countermeasures are suggested to promote industrial development. Related Articles | Metrics

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A research on impact mechanism for directed technological change on green growth under pollution control Zhou Jingmiao, Zhao Yuzhe, Xiao Guirong, Wu Chunyou 2017, 38(3): 38-51.  Abstract ( 799 )    A clarification of “impact mechanism for directed technological change on green growth under pollution control” can provide reference for different economic systems in the world to implement a new and more sustainable green growth reform. Based on re-distinguishing the forms of directed technological change and re-constructing the endogenous relationship between non-renewable resource and directed technological innovation, this paper propose a non-linear optimal control model in which both the objective function and the possible constraints can fully embody the characteristics of inclusive, sustainable and equilibrium in green growth. Findings will be summarized from the results of the steady state calculation in the infinite horizon problem and the model simulation. Firstly, the key dynamic element of green growth is technological innovation and the capital space of which should be adequate. Secondly, non-renewable resource is not necessary to drive green growth. Finally, environmental policies should be implemented to guide the carbon abatement technology rather than the production technology.   Related Articles | Metrics

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Firms’ intra-or inter-regional R&D collaboration and innovative performance—The moderating effect of technology diversification 2017, 38(3): 52-60.  Abstract ( 747 )    Whether to choose intra-or inter-regional R&D collaboration is a very important part of firms’ open innovation strategy. This paper systematically describes the mechanism for firms’ intra-or inter-regional R&D collaboration on innovative performance, as well as the moderating effect of technology diversification, and meanwhile verifies the hypotheses by using negative binomial regression models and data about listed firms in the electric vehicle industry. The results show that firms’ intra-or inter-regional R&D collaborations both have a significantly positive impact on innovative performance. Specifically, intra-regional R&D collaboration promotes innovative quantity, while inter-regional R&D collaboration benefits innovative quality. The moderating effects of technology diversification are significantly negative. Related Articles | Metrics

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An analysis of China’s position and its evolution in international innovation protection network Pu Yue, Wu Gang, Yao Xing 2017, 38(3): 61-68.  Abstract ( 820 )    In this paper, we build up the international innovation protection network by using patent data between countries released from World Intellectual Property Organization (WIPO). And we focus on the structural characteristics of the network and China’s position in this network. The results show that international innovation protection network shows obvious characteristics of a small world network and “core-peripheral” structure. China’s position and control are gradually enhanced in the network, but it still lags behind the United States, Japan, Germany, Britain, and other developed countries in in-degree, betweenness centrality and PageRank centrality, having only higher ranking in out-degree. That means China’s innovation ability is still insufficient, and its voice and influence still need to be further improved in the international innovation protection network. Related Articles | Metrics

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Influence of CEO duality on firms’ technological innovation Huang Qinghua, Chen Xiding, Zhang Fangfang, Zhou Lichen 2017, 38(3): 69-76.  Abstract ( 1064 )    This paper explores the influences of CEOs’ dual roles (one person serving as both CEO and board chairman) on firms’ technological innovation. Using a sample of China’s listed firms for the period 2003-2014, this study finds that CEO duality promotes the firms’ technological innovation. Specifically, we find that firms with CEO duality invest more in innovation, obtain more patents, and achieve greater innovative success for given research and development expenditures. In addition, we find that the impact of CEO duality on increasing innovation is more pronounced for firms under severe supervisions. Related Articles | Metrics

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An empirical analysis of the industrialized level measurement of emerging economies Chen Yantai1,3, Wu Zhe2,3,4, Fan Yancheng2,3, Jin Chenfei3 2017, 38(3): 77-85.  Abstract ( 758 )    In order to promote the industrialization process of emerging economies and explore the mode and path of industrialization development, it is urgent to build a set of industrialization level measurement systems. Base on the theories of internationalization of national innovation system, endogenous growth and new institutional economics, this paper constructs the “five dimensional model” to measure the level of industrialization in emerging economies, named the Measurement Model of “Development Stage - Industrial Competitiveness - Industrial Efficiency - Internationalization Degree - Sustainable Development Institutions” using the methods of analytic hierarchy process, cluster analysis, principal component analysis and DEA analysis. This “Five Dimensional Model" develops a new model to measure the industrialization level in the situation of new world industrial structure competition, extends the classical industrialization measure theory, and provides a theoretical enlightenment for China’s “One Belt and One Road” strategy and the international production capacity cooperation in practice.   Related Articles | Metrics

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A classified evaluation of knowledge supply chain efficiency of regional hi-tech industries 2017, 38(3): 86-93.  Abstract ( 761 )   To evaluate objectively the efficiency condition of Knowledge Supply Chain (KSC) is conductive to promoting regional sustained and healthy development of hi-tech industries. Through using KSC theory, DEA model, cluster analysis method, this paper constructs a set of relatively systematic classified evaluation system of KSC efficiency in regard to regional hi-tech industries. Based on the statistical data of China’s hi-tech industries’ statistical yearbook (2013-2014), from the perspective of input and output, classified evaluation results and optimizing countermeasures for China’s 31 provinces and cities’ KSC efficiency in regard to regional hi-tech industries are provided in this paper. The study shows that the KSC efficiency of China’s hi-tech industry is generally quite good. However, great disparities exist for different scales of KSC input and output when comparing hi-tech industries in different types of provinces and cities. Eliminating the waste of input resource, enhancing the amount of efficient invention patents and the sales revenue of new products are main points to improve KSC efficiency of hi-tech industries in backward provinces and cities. The results of this study provide some practical enlightenments for different types of provinces and cities in improving KSC efficiency of hi-tech industries. Related Articles | Metrics

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A research on the influencing factors of technological achievementvalue based on Hedonic Price Model  Qi Yong, Wang Haoyi 2017, 38(3): 94-103.  Abstract ( 847 )    Systematic and scientific evaluation index system is the basis for accurate assessment of technological achievement values, and on the basis of theoretical research, this paper constructs the index system and carries out an empirical study of the influencing factors of technological achievement values based on the Hedonic Price Model. The study result shows that the technical level and economic benefits of technological achievements are positively correlated with their prices, and legal status has a weak explanatory capability to the value of technological achievements. Furthermore，the technical level and legal status somewhat strengthens the relationship between economic benefits and technological achievement values. Due to this dual impact of technical level and legal status on economic benefits and technological achievement values, the technical level and legal status are quasi-moderating variables in statistical terms. Finally, the paper puts forward some countermeasures and suggestions to perfect the value evaluation index system of technological achievements. Related Articles | Metrics

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Comparison of technological invention capacities in nano-energy field Mao Jianqi, Li Xinxiu, Chen Lei 2017, 38(3): 104-113.  Abstract ( 703 )   Given energy shortage and environmental issues, nano-energy has attracted many attentions worldwide. This article divides nano-energy technology into eight sub-fields and explores the overall distribution, structural distribution, temporal distribution, geographical distribution and hotspot technologies of each nano-energy sub-field using patentometric method based on nano-energy patent data during 1991-2015 collected from Derwent Innovation Index database. We find that technological activities in each subfield present imbalance development, and China, USA, Japan and South Korea are technological leaders, but there are differences in technological capacities and hotspot technologies in each field. China needs to consolidate and enhance existing technological advantages to achieve balanced progress in nano-energy field in the future. Related Articles | Metrics

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Impact mechanism of leader empowering behavior on individual learning capability Chen Guoquan, Chen Zidong 2017, 38(3): 114-127.  Abstract ( 795 )    Synthesizing theories of empowering leadership, psychological engagement and individual learning capability, this paper built up and tested a theoretical model linking leader empowering behavior and employee individual learning capability via several intervening variables. The result showed that: (1) leader empowering behavior had significant positive impact on employee leader identification, colleague trust, psychological empowerment and psychological safety; (2) the relationship between leader empowering behavior and employee psychological empowerment was mediated by leader identification and colleague trust; (3) the relationship between leader empowering behavior and psychological safety was mediated by leader identification and colleague trust; (4) employee psychological safety was positively related to psychological empowerment; (5) employee psychological empowerment and safety had a positively influence on individual learning capability. Leader empowering behavior affected individual learning capability via two psychological mechanisms. One is “motivational path” which increased individual learning capability – leader empowering behavior positively affected leader identification and colleague trust, which in turn influenced psychological empowerment. The other path is “hygiene path” which decreased obstacles for individual learning – leader empowering behavior positively affected leader identification and colleague trust, which in turn influenced psychological safety. Psychological empowerment and psychological safety jointly advanced individual learning capability. This study mainly makes contributions to the field of organizational learning Related Articles | Metrics

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A comparative empirical research on the economic growth effects of China’s import technological sophistication Shao Jianchun 2017, 38(3): 128-134.  Abstract ( 721 )   This paper firstly calculates China’s manufactures’ and services’ import technological sophistication on the basis of 197 economies’ manufactures’ as well as 98 economies’ services’ data of 2001-2013，and after constructing a VAR model following unit root and co-integration tests，makes a comparative empirical analysis of their economic growth effects using impulse response and variance decomposition. The findings reveal that the increase of China’s manufactures’ and services’ import technological sophistication each has a positive driving effect on China’s economic growth; and compared with the manufactures’, the services’ import technological sophistication demonstrates an even stronger impact on as well as makes more contributions to China’s economic growth. Related Articles | Metrics

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An analysis of government R&D subsidies’ dynamic impacts on duopoly R&D inputs and outputs based on the perspective of bounded rationality  Zhao Hua, Yao Yun 2017, 38(3): 135-143.  Abstract ( 794 )   Based on the classic duopoly games and branch theory of dynamic system and chaos economics principle, this paper creates a dynamic model of R&D competition with government R&D subsidy, analyzing the effects of R&D subsidy on the R&D competition’s Nash equilibrium and the whole market operation, while a numerical simulation is carried out. The research shows that: (1) Appropriate subsidy rates are largely limited by market demand function, adjustment speed of R&D investment and product costs. Keeping R&D subsidy rates within certain range helps system maintain equilibrium states. In other words, bifurcation or chaos could happen if R&D subsidy coefficient falls out of range. (2) In the early stage of subsidy policy, the market could be in a short unstable state, in which the fluctuation range of R&D investment is larger than that of profit margin, and both of them have a positive relationship with government R&D subsidy rates. (3) Public R&D subsidies encourage corporations to increase R&D investment and enable corporations with faster adjustment speed to obtain higher return in dynamic duopoly games. At last, suggestions of subsidy strategies at policy level are given to provide reference for relevant R&D subsidy policy formulation. Related Articles | Metrics

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A research on the dual-path of intrapreneurship by using lean startup to get out of “War Fog” 2017, 38(3): 144-152.  Abstract ( 724 )   Faced with a highly uncertain environment, why and how to start a business within the enterprise has been unsolved. From the lean startup perspective and based on qualitative research method, this paper discusses and analyzes the reasons and process of intrapreneurship, and constructs dynamic process model of intrapreneurship under the dual-path of “new venture within enterprise” and “derivative venture out of enterprise”. Specifically, (1) External environment change causes organizational change, triggers bottom-up innovation, and results in intrapreneurship activity; (2) In the first path, it uses intra incubation strategy around the validation study can reduce the waste in the production process; In the other path, applies open innovation strategy to make up for the lack of internal resources and technology. Using dual-path to conduct intrapreneurship can reduce the risk effectively. The conclusions not only enrich the theory of intrapreneurship, but also have the guidance significance for enterprise adopting the lean startup approach. Finally, the paper discusses the limitations and future research directions. Related Articles | Metrics

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A research on the risk assessment system for major U.S. defenseacquisition programs and projects based on best practices Cheng Wenyuan, Xu Jia, Zhang Hui, Xing Chenguang 2017, 38(3): 153-160.  Abstract ( 726 )   U.S. federal government spends billions of dollars each year to develop, acquire and build major systems, develops cutting-edge technologies and integrates into large and complex system, in order to enhance the performance of weapon systems. However, with the systems becoming more and more complex, the risks become a hot issue. The risk assessment system for major defense acquisition programs and projects based on best practices has been established in this paper, and the technical risk, schedule risk and cost risk are analyzed, including assessment process, assessment criteria, and case studies. Finally, some suggestions are given to risk assessment and management for defense weapon system, including technology readiness assessment, cost estimation and assessment, and schedule assessment should be considered comprehensively, and policies, laws, standards and guidance for defense weapon systems’ risk management should be established in the future. Related Articles | Metrics