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20 June 2017, Volume 38 Issue 6 Previous Issue    Next Issue

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An analysis of the research status and development trend of crowdfunding based on the theory of scientific knowledge map Xia Enjun, Wang Sujuan, Wang Junpeng 2017, 38(6): 1-8.  Abstract ( 829 )   As the product of financial innovation in the Internet era, crowdfunding got the attention of academia gradually. Based on the theory of scientific knowledge map, use the histcite、citespace visual software to do citation graph, keywords occurrence knowledge map ,keywords strategy diagram, analysis the citation relationship, hot topics and development trend. The study results show that: (1) The research of crowdfunding is still in its infancy, focus on the qualitative analysis of operation form, characteristic of the participants, etc; (2) The motivation of participants, identification the risks, the operation mode of crowdfunding platforms is the research hotspots in the crowdfunding field; (3) Applicability, trust mechanism, benefit distribution mechanisms of the crowdfunding model is the rend of development. Related Articles | Metrics

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A research on the process and key factors of reverse innovation for latecomer engineering and technical service enterprises Xu Yusen, Wang Xiangchun, Xu Nana, Zheng Supeng 2017, 38(6): 9-17.  Abstract ( 566 )   Most of the existing researches on reverse innovation mainly focus on manufacturing. The issues of reverse innovation of engineering and technical service have not been well investigated. Some significant results have been found through grounded analysis of three latecomer engineering and technical service enterprises cases. Firstly, key success factors are identified, including the localized technological capacities, the capacities of international connection, the capacities of governing services links and the capacities of organizational learning. Secondly, evolution and regulations of key factors are concluded, such as evolution from “indigenous technology localization” to “international technology localization”, “partial and passive international connections” to “comprehensive international connections”, “adaptive learning” to “leading edge learning” and bootstrapping of capacities of governing “services links”. This paper extends the concept of localized technological capacities. In addition to “indigenous technology localization activities”, “international technology localization activities” should be included. This paper define the concept of “services links”, the links and construction process have been revealed. Related Articles | Metrics

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A research on the integration and supervison mechanism of technology innovation risks Wu Zefu, Jie Wu 2017, 38(6): 18-27.  Abstract ( 563 )   This study extends risk management theory by exploring the role of board of directors in the relationship between integrated risk management and product innovation in China. We focused on two specific factors that reflect the effectiveness of a board’s risk oversights: a board’s direct involvement in risk oversights vs. its utilization of external audit in risk oversights, and examined their moderating effects on the relationship between integrated risk management and product innovation. Panel data from a survey of 1,178 Chinese firms was analyzed to test the hypotheses. The results show that a board’s direct involvement in risk oversights moderates the positive effect of integrated risk management on product innovation success. Its use of external audit in risk oversight similarly weakens the relationship. This study has an important message for managers regarding how an effective board contributes to the innovation benefits associated with risk management in product innovation. The results also have important implications for emerging economy firms pursuing an integrated approach to risk management in product innovation. Related Articles | Metrics

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A research on the collaborative capability, innovation network and industrial co-evolution mechanism of core firms Zheng Shenghua, Chi Renyong 2017, 38(6): 28-42.  Abstract ( 669 )   By means of inductive and deductive methods, this paper explores the process and mechanism of how core firm’s collaborative capability stimulates proactive behavior of innovation network to achieve the network’s continuous upgrading, and then leads to the sustainable development of the related industries on the basis of the the perspective of co-evolution. The results show that there has positive relevance among core firm’s collaborative capability, innovation network and industry development, and the co-evolution path of them is determined by the strategic orientation of core enterprise. Concretely and specifically, the core firm with adaptability strategy presents inverted-U-shaped co-evolution path, the core firm with stability strategy presents inverted-W-shaped co-evolution path,and the core firm with change strategy presents up-S-shaped co-evolution path. This paper contributes to uncover the black box of how the core firm’s innovation network upgrades and how it then causes the industry development . Related Articles | Metrics

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An evaluation of science and technology innovation efficiency of cities from the dynamic perspective by taking 9 prefecture-level cities in Fujian Province as an example Zhu Pengyi, Liu Donghua, Huang Xinhuan 2017, 38(6): 43-50.  Abstract ( 635 )    Science and technology (S&T) innovation system of 9 prefecture-level cities in Fujian Province is taken as a research object in this paper. Super efficiency-DEA window model is applied to analyze the dynamic changes of various cities’ S&T innovation efficiency from 2010 to 2014. The fundamental causes of these changes are explored with Malmquist index. The results show that S&T innovation efficiencies for most of the cities are DEA invalid, and the improvement space is large. Innovation efficiency of economically-developed cities such as Fuzhou and Xiamen is relative low. There is a significantly crowding effect of investment in Fuzhou. The index analysis shows that technological progress is always a key restriction factor in the growth of total factor productivity, and comprehensive technical efficiency improvement is more determined by scale efficiency improvement. Finally, some suggestions are proposed to improve the S&T innovation efficiency of Fujian.  Related Articles | Metrics

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Impacts of natural disasters on regional GDP—A case study of Wenchuan earthquake 2017, 38(6): 51-58.  Abstract ( 703 )   Existing research on post-disaster economic impact focuses on direct economic loss and casualty, but ignores the indirect loss and dynamic impact. The paper analyzes the economic impact of wenchuan earthquake on Sichuan province’s GDP from both theoretical model and empirical analysis. Firstly, Solow model is used to describe different possible development after natural disaster; then C-D production function is used to test our theoretical models. We found that Sichuan has experienced an increasing speed due to post-disaster reconstruction compared with the counterfactual situation. Related Articles | Metrics

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The study of relation resources' impact on cluster enterprise cooperation performance Chen Xiaofeng 2017, 38(6): 59-66.  Abstract ( 516 )   The existing research is generally believed that relation resources can significantly promote cooperation performance in the process of cluster enterprise cooperation, but the path is not clear and lack of empirical evidence. Based on the sample data of related enterprises in jiangsu and zhejiang industrial cluster, the paper constructed a multiple mediation effect model including relation ability and interfirm trust, tested mediation effect and verified hypothesis by using the structural equation model. Results show that the overall relation resources can significantly promote cooperation performance but the direct effect is not obvious. During this process, relation ability has played a partial intermediary role and interfirm trust has played a entire role in the meanwhile. To some extent, this also explains why some cluster enterprises’ cooperation performance vary widely while they facing the same relationship resources. This paper argues that building and sustaining relation ability which is based on trust has a decisive influence on cooperation performance in long-term. Related Articles | Metrics

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A test of the dual structure equation of the diamond model in the Chinese design industry Chen Qi, Wang Hanyou, Chen Guodong, Zhou Haihai, Xin Yongrong, Wu Xun 2017, 38(6): 67-75.  Abstract ( 638 )   this paper verifies the explanation utility of M.E. Porter’s diamond model and the interaction effect among its factors in China's design sector applying dual structure equation models with Likert Scale data based on actual performance and importance evaluation of the sector. Analysis reveals that in China's design sector there exists no factor-driven and investment-driven stage; and there is significant interaction among the 4 determinant factors in two diamond models, but more significant interaction among the 4 determinant factors and government is existing in the important evaluation model. both models can explain the China's design industry's competitive advantage, but the government's role is a decisive factor in the important evaluation model, and not in the actual performance model, validates the government's direct role, which is necessary to improve competitive advantage through innovation-driven. Related Articles | Metrics

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A research on evaluation of military industry groups’ military and civilian dual-use technology promotion ability based on combination weights-Topsis Guo Tao， Wang Chen， Wang Song， Bi Heqing 2017, 38(6): 76-83.  Abstract ( 633 )    Military and civilian dual-use technology can meet the urgent need for in-depth integration of military and civilian, and the military industry groups’ military and civilian dual-use technology promotion ability has an important impact on China’s military and civilian dual-use technology promotion. Through constructing military industry groups’ military and civilian dual-use technology promotion ability evaluation index system, and using  the combination weights-Topsis method, this paper evaluates China’s top ten military industrial groups’ military and civilian dual-use technology promotion ability. The results show that China’s top ten military industrial groups’ military and civilian dual-use technology promotion ability shows obvious difference in level; the groups’ strategy management ability, personnel support ability, technology development and improvement ability, group industry characteristics, the amount of military tasks, group technology characteristics are main influencing factors of the military and civilian dual-use technology promotion. Related Articles | Metrics

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A research on gender differences in the influence path of entrepreneurial tendencies Yang Xiangyu， Cheng Yuan， Liu Yun 2017, 38(6): 84-90.  Abstract ( 528 )   The paper study the gender differences in entrepreneurial intention. We use structural equation model to study the impacts of social relationships, proactive personality, entrepreneurial attitude and entrepreneurial capacity on entrepreneurial tendency. We find that impacts of the entrepreneurial tendencies of men exceed that of women in which social relationships play an important role. Theoretical contribution of this paper is to clarify the mechanism of the interaction among these variables, which helps to correctly understand the formation of entrepreneurial tendencies for both sexes. Results show that gender differences exist significantly in entrepreneurial tendency, and male students show stronger entrepreneurial tendency. Then we give some suggestions on promoting women's entrepreneurship education. Related Articles | Metrics

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Relation-specific investment, VC governance activities and technological innovation performance Wang Lan 2017, 38(6): 91-99.  Abstract ( 643 )   Focused on the describing resources of the value-creating routine of “relationship finance”, this paper sets up a theoretical model about the relationship among relation-specific investments, VC governance activities and technological innovation on the basis of Resource-based theory and Transaction Cost theory. This paper also discusses the effect of different types of RSI on the technological innovation performance and the mediating role of VC governance activities. The study, which based on the data of the 264 High-tech start-ups, shows that Property-based RSI has positive effect on VC supervision & control and negative influence on VC value-added service while VC supervision & control has negative impact on technological innovation performance. Meanwhile, Knowledge-based RSI is positively related to VC value-added service and negatively related to VC supervision & control while VC value-added service has positive impact on technological innovation performance. Related Articles | Metrics

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New firms’ institutional embeddedness and forward movement of corporate social responsibilities Bao Yingqun, Zhang Huiyu, Sui Wenjuan 2017, 38(6): 100-107.  Abstract ( 684 )   The new trend of bringing corporate social responsibility has become a hot topic in CSR studies, but for the delimna of social involvement faced by new firms, the academic attention to the inherent mechanims of this trend is rather limited. Based on a sample of 1142 new Chinese private firms, this paper explores how formal and informal institutional embeddedness influences new firms’ social involvement and then investigates the moderating role of firm competence. Empirical results show that, both formal and informal institutional embeddedness promotes new firms’ participation in social issues in which the latter plays a more important role. Further research proves that innovative competence weakens this linkage. Exploring laws of new firms’ social involvement, this paper has both theoretical and practical implications for the new trend of bringing corporate social responsibility forward and new firms’ growth. Related Articles | Metrics

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Impact of domain knowledge-specific investments on investors’ competence-building 2017, 38(6): 108-115.  Abstract ( 597 )   Within the context of software outsourcing, this paper constructs a two-stage moderated mediation model to investigate the mechanisms and effects of impact of domain knowledge-specific investments(DKSIs) on competence-building of the investing parties. Based on 194 pairs of software outsourcing relationsips, we adopt the general path analysis framework to conduct our empirical study. The main conclusions are as follows. Firstly, DKSIs promote competence-building via the mediation of clients’ knowledge spillover. Secondly, software vendors’ subcontracting capacities and absorptive capacities exert moderating impacts on the indirect effect at the first and second-stage, respectively. This research provides a new evidence regarding the heterogeneous effects of DKSIs on the investing parties, further reveals the impact mechanisms and cotingent factors. Furthermore, our findings have strong managerial implications for the software vendors. Related Articles | Metrics

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An empirical study of the continuous donation’s influence on corporate value—An evidence of the listed companies from China’s A-share market Pan Qi1,2， Zhu Yiming1 2017, 38(6): 116-124.  Abstract ( 683 )   Is it worth to persist on donation? That's the kind of question we have to face and clarify to persuade companies into donating continuously when China's charity is still in the initial stage. Using China’s a-listed companies’ panel data,the paper analyses and makes an empirical test on the continuous donation’s influence on corporate value which is based on the enterprise theory of time compression diseconomies and dynamic capabilities. The results reveal that although continuous donation(CD) can’t add incremental value directly, further research suggests that the stronger the company’s dynamic capabilities,the greater the effect of CD on the corporate value while we assume that all kinds of intangible and tangible resources through CD needs to adequately integrate. Besides, added research on the basis of foregoing inference shows that the more prominent the situation factors which are conducive to resources access and ability enhancement,the more reward the CD brings about. The paper provides new theory and empirical evidences to further understande the value effect of CD. And it is of great enlightenments not only for decision-making sections to make appropriate policy to promote enterprises’ CD,but also for enterprises to set practical countermeasures to increase CD’s return. Related Articles | Metrics

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A research on the firm’s internationalization speed Huang Sheng， Ye Guangyu， Shen Suqin， Zhou Jinbo 2017, 38(6): 125-134.  Abstract ( 666 )   Though the extent and scope of firm’s internationalization have already been mature concepts, but the internationalization speed has not become a research focus until the international new ventures theory emerges. By using a mixed-methods approach combining mapping knowledge domain and qualitative analysis, this paper analyzes the status quo of internationalization speed research and identifies three core research topics, namely the definitions, dimensions and measurements as well as the influencing factors and performance outcomes of internationalization speed. Based on the research, we discuss future directions for internationalization speed research from the theoretical perspectives, research contexts, methods and topics. Related Articles | Metrics

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Tax preference and R&D investment: Moderation of property right nature and the mediating role of cost stickiness Hu Huaxia, Hong Hong, Xiao Lulu，Liu Wen 2017, 38(6): 135-143.  Abstract ( 709 )   Abstract:Is it possible for the visible hand of government to improve the comprehensive utilization of resources and guide the innovation of resource input through tax incentives? Based on the new growth theory and resource-based theory, this paper takes the A-share listed companies in China from 2008 to 2015 as the sample, by examining the impact of the actual tax rate on R & D investment and cost stickiness, revealing the resource allocation effect of tax preference, taking the ownership property as moderator and cost stickiness as mediating variables. It finds that tax preference has a positive effect on R & D investment. Cost stickiness contributes to enhancing the R & D investment, which mediates on the relationship. The ownership property moderates this relationship through cost stickiness. This result provides a theoretical basis and useful reference for the study of resource allocation effect of tax preference. Related Articles | Metrics

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The Impact Mechanism of Researcher’s Career Growth on Work Engagement and Job Performance Weng Qingxiong, Yang Hui, Cao Xianxia 2017, 38(6): 144-151.  Abstract ( 903 )   Abstract: With the importance of the researchers has become increasingly prominent, how to play the role of researchers effectively has become an important issue in the organization. This paper research the role of the impact of work engagement between career growth and job performance based on 305 researchers samples. The result show that: (1) career goal progress, career capacity development and organizational reward growth have significant impact on the work engagement, career capacity development and organizational reward growth do interaction role on work engagement; (2) career capacity development and organizational rewards growth have a positive direct impact on task performance and contextual; (3) work engagement had a significant positive impact on task performance and contextual performance, and play a significant intermediary role in the relationship between career growth and job performance; (4) age moderator not only career goal progress and work engagement but also between organizational reward growth and contextual performance. Related Articles | Metrics

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Government assistance or public service: A study of Chinese poverty reduction policy efficiency for urban and rural migrating population Xu Junling， Fang Wenjun 2017, 38(6): 152-160.  Abstract ( 501 )   Based on the survey data of rural floating population over the years in CHNS database，this paper empirically tests efficiency of government assistance and public services for rural floating population. The result shows that public service can reduce poverty level of rural floating population from two aspects--the direct inreasement of income and the protection and inreasement of rights, personal income does not play a good role as a basis for targeting of poor rural floating population, government cash assistance has a strong crowding out effect on personal income of relative poverty rural floating population, absolute poverty rural floating population still has will to continue to work hard even if government cash assistance is obtained, effectiveness of it is different because of the internal differentiation of poor rural floating population, and government cash assistance and public services have a significant effect on shortening time of poverty reduction for absolute poverty rural floating population, but the effect of policies and measures is different, and the contribution of medical insurance is larger. In view of above findings, this paper make some suggestions. Firstly, integrated service model need to be established through integrating public services and cash assistance. Secondly,creating identification and targeting mechanism of rural floating population to improve targeting efficiency. Government should take different measures to save rural floating population, according to internal differentiation of them. To shorten poverty alleviation time of rural floating population of absolute poverty, it is important for government to focus on their medical risk when making polity. Related Articles | Metrics