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20 May 2017, Volume 38 Issue 5 Previous Issue    Next Issue

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Industrial heterogeneity, environmental regulation and technological innovation in the industrial sector 2017, 38(5): 1-11.  Abstract ( 883 )   Technological Innovation is an effective path to coordinate environmental regulation and industrial performance in industrial sector. The divergence exists about relation between environmental regulation and technological innovation, which need to be further testified in theoretical and empirical aspect. This paper constructs a mathematical model of environmental regulation and technological regulation in industrial sector based on different motivation of heterogeneous sector, and tests empirically the effect of environmental regulation on technological innovation using panel data of 35 industrial sectors from 2003 until 2012. The findings are that it is a “U” relationship between environmental regulation and technological innovation. That is to say, the weaker environmental regulation intensity will hinder technological innovation, and after the intensity reaches to the inflection point of “U” relationship, the environmental regulation will promote technological innovation. The inflection point of “U” relationship in pollution sector comes later than that of clean sector, and technological innovation of pollution sector responses slowly to environmental regulation. Now environmental regulation of the two sectors is staying on the left of inflection point. Therefore, the government should increase the intensity of environmental regulation appropriately, establish different environmental regulation policies towards different industrial sectors, and then promote technological innovation in industrial sector effectively. Related Articles | Metrics

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The impact of E-marketing capability on innovation performance Yang Yinjuan 2017, 38(5): 12-19.  Abstract ( 784 )   In order to enhance the core competence of Chinese manufacturing firms, firms have to integrate the e-business thinking into their holistic marketing and strategic management framework, and improve the efficiency and effectiveness of external collaboration. Combined qualitative analysis and structural equation modeling research methods, we empirically explored the relationship between company's E-marketing capability, external collaboration effectiveness and innovation performance on 193 Chinese manufacturing enterprises. We found that: (1) E-marketing capability has a positive effect on innovation performance, The stronger E-marketing capability enterprises, the higher the innovation performance. (2) Firm’s external collaboration effectiveness act a mediating role between E-marketing capability and firm’s innovation performance.performance.We found that: (1) E-marketing capability has a positive effect on innovation performance, The stronger E-marketing capability enterprises, the higher the innovation performance. (2)Firm’s external collaboration effectiveness act a mediating role between E-marketing capability and firm’s innovation performance. Related Articles | Metrics

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Service Innovation Strategies and Competitive Advantages for Manufacturing Firms: Mechanisms and Contingencies Zhao Lilong, Liu Yang, Wei Jiang, Wang Lin 2017, 38(5): 20-29.  Abstract ( 656 )   Although previous researches have indicated that service innovation is an effective strategy to gain competitive advantages for manufacturing firms, there still lacks an in-depth and clear account of how service innovation strategies actually influence manufacturing firms’ competitive advantages in the context of dynamic competitive environment. Thus，from the perspective of dynamic capability theory, we selected 247 Chinese manufacturing firms as a sample and investigate the practical relationship between service innovation strategies and firms’ competitive advantages. This empirical research indicates that both incremental and radical service innovation strategies have a directly positive impact on manufacturing firms’ competitive advantages in the dimensions of market performance and financial performance. These two strategies contribute more to improving the manufacturing firms’ market performance and financial performance when the market is more dynamic. The competition intensity, as a moderator, has a positive moderating influence on the relationship of the radical service innovation strategy with financial performance, as well as the market performance; while as for incremental service innovation strategy, it only has a positive influence on the relationship of the radical service innovation strategy with financial performance. These findings have important theoretical contributions to the existing literature and also have important practical implications for Chinese manufacturing firms’ service strategy in dynamic environment. Related Articles | Metrics

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Embed or involved, Why Crowdsourcing individual contribute knowledge? Zhang Yongyun, Zhang Shengtai, Wu Cuihua 2017, 38(5): 30-37.  Abstract ( 625 )   Social media can be divided in to Network and media from the application perspective, both of them play different functions for enhancing crowdsourcing individual knowledge contribution willingness. Based on embedding theory and involved theory, this paper explores the relationships between crowdsourcing individual Embed, individual involved and individual knowledge contribution willingness. The relationship is empirically tested by structure equation modeling and optimal scale regression method and along with data gathered through a survey of 398 crowdsourcing virtual community members in China．The results indicate that network embedding and media embedding positively affect individual knowledge contribution willingness in crowdsourcing community, network embedding affect individual knowledge contribution willingness through individuals involved (company involved and community involved), while media embedding can affect individual knowledge contribution willingness in a direct way, as well as through individual involved in an indirect way. Related Articles | Metrics

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The Boundary of Financial Development and Firms’ R&D Investment Wang Yu, Cheng Liwei, Xia Junnuo 2017, 38(5): 38-47.  Abstract ( 607 )   It’s important to industrial structure upgrading and economics growth in China for promoting the financial capital flowing to firm R&D and technology advancement. First, constructing theoretical model of the boundary effect of financial development on firms’ R&D investment, finds that the financial scale or financial efficiency that exceeds a certain boundary is not conducive to R&D decision or input. Second, using three stage DEA-Malmquist, HECKIT model and threshold panel, empirically finds that (1) double threshold exists in financial scale, lack of financial deepening or overexpansion is conducive to R&D investment. (2) single threshold exists in financial efficiency, the improve of skill progress, pure skill efficiency, scale efficiency and total factor productivity is conducive to R&D investment. (3) the extensive margin is more important for influence of financial development on firms’ R&D investment. Related Articles | Metrics

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The Co-Evolution of Business Model Design and Technology Innovation Strategy in the Process of Technological Catch-up—A Case Study of Alibaba Yao Mingming， Wu Dong， Wu Xiaobo， Fan Yilin 2017, 38(5): 48-55.  Abstract ( 796 )   The rapid development of Internet information technology provides a new situation for the technological catch-up of latcomer firms. Chinaese latercomer firms performance outstanding in technological catch-up. Some of them have being in the process of from catch-up to surpassing. Analysing Chinese largest Internet company Alibaba as a longitudinal case, this research explores the co-evolution mechanism of business model design and technology innovation and establishes a co-evolution framework of environment, business model design, technology innovation strategy and technology catch-up with composite perspective. It has three main conclusions: (1) The dynamic fit and the co-evolution of business model design and technology innovation strategy is the important mode of latcomer firms’ echnological catch-up. (2) The process of co-evolution has good interaction with the environment, which is better for technological catch-up; (3) The effect of technological catch-up effects the design of organization configuration and the choice of strategy. These conclusions will enrich the research of technological catch-up from the perspective of theory and practice. Related Articles | Metrics

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Analysis Mechanism M&A Intrapreneurship Based on the Dynamic Capability Perspective Ge Baoshan, Wang Yi, Ma Hongjia 2017, 38(5): 56-63.  Abstract ( 632 )   Abstract：In recent years, corporate entrepreneurship is becoming a focus of entrepreneurship research, as a research branch of corporate entrepreneurship; intrapreneurship has drawn the attention of scholars. Based on a case studies of Yatai, we discussed how high-level management support , policy and environment , degree of autonomy, similarity between old and new business effect intrapreneurship process in order to built path model from the perspective of dynamic capability .Results show that from the dynamic capabilities perspective, top management support, new business independently and similarity between old and new business has a positive effect on resource availability, this relationship is moderated by the policy and the environment; Policy and environment impact dynamic external coordination ability, this relationship is moderated by the dynamic information using ability; Top management support, degree of similarity between old and new business, new business independent and resource availability affect dynamic resource access and internal integration ability. Finally, the results are discussed, we point out the limitations of this study and future research direction. Related Articles | Metrics

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How do Technology Capital and Human Capital Improve Company Performance?-a Multi Angle Analysis from Large Sample Xu Xiumei 2017, 38(5): 64-76.  Abstract ( 580 )   Abstracts: choosing 2009-2013 listed corporation large sample data, this paper empirically analyzes the effect of technology capital and human capital on comprehensive performance from multi angles. Full sample displays that technology capital and human capital have obvious positive relationships with short and long performance and mutual substitution is obvious. Sub-sample shows that if enterprise nature and registered regions are different, there are obvious differences in conclusion. Human capital in state-owned enterprise has a significant effect on long term performance, but technology continuous effect is not obvious. Non-state-owned enterprise is the opposite. In addition, in eastern region, human and technology have highest correlation with performance as well as mutual adjusting relationship, the central and west region is weaker. Based on above conclusions, the author finally puts forward some reference suggestions. Related Articles | Metrics

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The Exploring the Effect of Supportive Behavior and Abusive Supervision of Superior on Subordinates’ Work Behaviors ——Work Alienation as Mediator Huang Li,Chen Weizheng 2017, 38(5): 77-86.  Abstract ( 613 )   This study explored the effect of the perception of supportive behavior and abusive supervision of superior on subordinates’ work behaviors with work alienation as mediators. The results of statistical analysis from 345 dyads of questionnaires of subordinates and their immediate supervisors shows: (1) Supportive behavior of superior has a significant positive impact on subordinates’ organizational citizenship behavior, while has a significant negative impact on subordinates’ work alienation and workplace deviant behavior. (2) Abusive supervision of superior has a significant negative impact on subordinate’s organizational citizenship behavior, while has a significant positive impact on subordinates’ work alienation and workplace deviant behavior. (3)Work alienation is as a partly mediator between supportive behavior of superior and organizational citizenship behavior of subordinate, while as a fully mediator between supportive behavior of employer and workplace deviant behavior of subordinate. (4) Work alienation is as a fully mediators between abusive supervision of superior and organizational citizenship behavior, while as a partly mediator between abusive supervision and workplace deviant behavior subordinate. Related Articles | Metrics

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Trends, patterns and emerging issues of Chinese automobile recalls Shi Wen1,2, Liu Yucui2, Li Xuejiao3, Fang Siqi1, Chen Haiying1 2017, 38(5): 87-97.  Abstract ( 668 )   Under new conditions of globalization, one essential part to successfully implement “Going Global” strategy is the development of vehicle recalls. With the panel data of U.S.’s 47-years, China’s 10-years and top 20 automobile manufacturers’ in China, this paper, using the paired comparison analysis, explores the gap of recall issues between these two countries who occupy the first two places of automobile sales in the world. Also, we devolve into the root causes of the gap. The results indicate that despite close sales of two countries in last decade, China lag far behind U.S. in vehicle recalls. Devoid of passive recalls initiated by government is the primary cause of the gap. Although China and U.S. have parallel volume of vehicles involved in a certain recall event, there is a substantial difference in recall numbers. Joint-venture auto makers are more likely to announce a recall than self-owner ones. Although there is no difference in recall attitude among joint-venture manufacturers, their corresponding brands in developed countries have more recalls than in China. Related Articles | Metrics

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Book-tax Differences and Earnings Management Behaviors of Enterprises Lu Di 2017, 38(5): 98-106.  Abstract ( 675 )   Using the samples of Chinese A-listed companies from 2008 to 2013，this study investigates the relationship between book-tax differences (BTD) and abnormal book-tax difference (ABTD), earnings management (EM) by Logit Regression's calculating model. Meanwhile, this study shows that both the negative aggregated book-tax differences (BTD-) and the negative abnormal book-tax differences（ABTD-）are significantly associated with earnings management (EM).Also, this study provides evidence of the aggregated book-tax gap becomes wider than before, with the implementation of CAS18. In addition, according to the accounting information demanders’ perspective, this research indicates that the book-tax differences are the much more reliable index to distinguish the qualities of earnings management in Chinese-listed companies. Our study aims to provide a certain theoretical and practical support, which could offer assistance to the tax department for more effectively identifying the tax avoidance of enterprises. Related Articles | Metrics

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A Study for Collaborative Innovation Active of the ResearchInstitutes Based on Knowledge Triangle Dong Hengmin， Li Baizhou 2017, 38(5): 107-114.  Abstract ( 584 )   Statistical data from 13 branches of Chinese academy of sciences was analyzed to study the collaborative innovation activity in research institutes based on the classical "B-Z" reaction model in the complex system theory, from the three-dimensional perspective of evaluation scale (knowledge production, knowledge dissemination and knowledge transfer).It is indicated the apparent disparity among activities of scientific research institutes; however, the activity maintains consistent with the external input. Meanwhile the collaborative innovation active of eastern region are significantly higher than the central and western regions. There are differences in knowledge production, knowledge transfer and knowledge dissemination within each branch of the research institutes; And the west shows the weakest activity. According to the 13 branches of Chinese academy of sciences’ running system in the overall performance of collaborative innovation study, those institutes, in this paper, are divided into 3 types by the differentiation trends, namely, activity type, smooth type and the general type. Related Articles | Metrics

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Comparative study on standards reference and citation of papers reference 2017, 38(5): 115-120.  Abstract ( 581 )   Both standards and papers are the important science and technology literatures which have important information value .This paper compares the similarities and differences in citations range，citations goal，citation motivation，knowledge linkage and the results shows that they are similar to the knowledge linkage types and knowledge linkage strength while there are some difference in the citations requirement ,citations range ,citations goal , Nature of publications, the subject of reference, and the choice of the reference content. Related Articles | Metrics

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The Study of Innovation Pathways Based on Business Model Trajectory-Evidence from Chinese Retail Industry Guo Rui， Wu Guisheng 2017, 38(5): 121-129.  Abstract ( 551 )   Technological trajectory theory is an important theory for guiding the choice of technological innovation pathways, but it has some limitation. This paper puts forward “business model trajectory” concept, as well as analyzes its existence, formation process and innovation pathways through the comparison of JD.com case and Tmall.com case in Chinese retail industry. Based on the evolution of business model elements, the innovation pathway oriented by creating new operating model and profit model is the result of business model trajectory formation. Business model trajectory theory expands the technological trajectory theory and extends the opportunity space of choosing innovation pathways for late comers. Related Articles | Metrics

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Research on the Enterprise’s Virtualization Degree and Its Measurement Based on the Classical Grounded Theory Jia Xudong, Heng Liang, He Guangyuan 2017, 38(5): 130-140.  Abstract ( 578 )   Under the complicated environment, Vvirtual Eenterprise(VE) is a competitive organization for because of its ability of rapidly responding to the market. In VE, how to measure the degree of virtualization(DV) and how to use DV explain the VE’ evolution process are the core issue to be solved urgently. So, the article applies the classical grounded theory and focuses on typical VE cases. In cases, Tthere are 20 enterprises including 3 enterprises companies’ development stages defined were used as an this article’s main logic line core cases and other 17 enterprises companies regarded as the complements to study the Degree of Virtualization(DV). The article applied the Classical Grounded Theory, has found that the The conception of DV is a key to answer solve the problems of virtualization. It also finds that DV plays an important role in virtual evolution process. DV DV is constructed by three indexesdimensionalities: function DV, production DV, and information platform. After deeply qualitative research of DV’s composition system and formation mechanism, combined text vector space model, The the article formulated a theoretical model of DV measuring and examined the index system with regression testing model and the soft EVIEWS. research utilizes the index system to evaluate DV. Then, the theoretical model of measuring DV is composed of the text vector space model. According to the model, the virtual operation enterprise (VOE) and the VE are different stages in virtual evolution process. To further examine its reliability and validity, regression testing model is built up. Finally, the research has achieved to measure the virtualization level quantitatively, enriches the literature of VE studies. providedIt also lays a solid theoretical foundation to clearly deep understand the phenomenon of the enterprises organizational virtualization evolution phenomenon of VEand promote further study of VE. Related Articles | Metrics

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The research on the S&T innovation efficiency and its Influencing factors of Chinese Colleges from the perspective of innovation types 2017, 38(5): 141-149.  Abstract ( 598 )   The innovation achievements are decomposed into academic output and economic output from the perspective of innovation types, then this paper performs the exploratory research on the aspects of academic output efficiency, economic output efficiency and key influencing factors by using SFA method. The primary findings of the study can be summarized as follows: Firstly, the academic output is an investment-driven innovation activity, and the growth of academic output relies principally on the investment of R&D expenditure. R&D expenditure has a negative influence on economic output efficiency, while the appropriate increase of R&D personnel could help to improve the efficiency of economic output. Secondly, academic output efficiency and economic output efficiency is significantly different among colleges located in different provinces, but they distribute in rundle: the east is the highest, followed by the middle, the west is the lowest. The results show that there is a certain degree of association between the S&T innovation efficiency of colleges and local economic development level. Thirdly, the existing appraisal mechanism stressing on quantity results in the significantly negative correlation between the quality of R&D personnel quality and the academic output efficiency, while the non-significant negative correlation between R&D personnel quality and economic output efficiency. During the sample period, the increase of the government's support for S&T innovation activities in colleges cannot effectively improve the academic output efficiency. Related Articles | Metrics

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Research on forecasting BDI index with comprehensive periodicity, mean reversion and jump features Yu Fangping, Kuang Haibo 2017, 38(5): 150-160.  Abstract ( 678 )   BDI index forecasting is of great practical significance for the management and decision-making of shipping market. In this study, we construct a O-U stochastic forecasting model of BDI index based on A new perspective from periodicity, mean reversion and jump features in this paper, The main innovation points are: Firstly, The periodicity, mean reversion and jump features of BDI index are analyzed and included in the BDI Index Stochastic forecasting model, which effectively improves the accuracy of the BDI index forecasting theory. Secondly, the BDI index stochastic forecasting model based on periodicity, mean reversion and jump features is set up. Simultaneously, the periodic parameters are estimated by the Fourier series function, the mean reverting parameters are estimated by means of the first order autoregressive estimation, and the jump parameters are estimated by means of Gamma distribution and double exponential distribution, which solves the problem of more parameters extremely difficult to calculate. Thirdly, the daily BDI data in 2013 to 2015 are presented to test the proposed model. The BDI index was fitted, and in the first half of 2016 is forecasting by Monte Carlo method. The results show that the proposed method has higher accuracy. Related Articles | Metrics