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    20 June 2022, Volume 43 Issue 6 Previous Issue    Next Issue

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    ——An analytical perspective based on the policy punctuation-equilibrium framework
    Lin Jie, Wang Ting
    2022, 43(6): 1-8. 
    Abstract ( 260 )  
       The science and technology (S&T) plan is the main way for the government to allocate S&T resources and organize S&T activities, which has a far-reaching impact on China′s S&T development. Considering comprehensively the major historical events, this paper takes the previous S&T plans since 1949 as the research object and studies their evolution laws. 
    Based on the punctuation-equilibrium framework in the policy process theory, combined with the Chinese situation of S&T planning, this paper puts forward an analysis framework of S&T plan evolution which takes the S&T development outlook as the core. The S&T development outlook include S&T plan goals, intellectual policy and S&T development concept in a specific period. Generally, the S&T development outlook are stable, and only when major changes occur will they affect the policy landscape. First, the S&T development outlook have not changed, the policy landscape is relatively stable, the policy is implemented within the original framework and forms a policy monopoly, which reflected an equilibrium period. Second, the S&T development outlook have changed, but their changes can′t promote the new policy landscape to replace the old. The policy is gradually adjusted to reflect the new S&T development outlook, which reflected an equilibrium period. Third, the S&T development outlook have changed, and their changes have led to the replacement of the policy landscape, the change of policy field, and the break of policy equilibrium, which reflected a punctuation period.
        Based on the S&T plan evolution framework, the paper summarizes the punctuation and equilibrium features of previous S&T plans, emphatically analyzes the policy landscape and policy field affecting the equilibrium period. It is found that China′s previous S&T plans show obvious characteristics of alternation of equilibrium period and punctuation period. There are not only policy punctuation periods under major events, but also policy gradual adjustments and policy monopoly in the equilibrium period. First, the S&T development outlook is an important policy landscape affecting the evolution of S&T plans, and the key to determine whether S&T plans are in a state of policy equilibrium in a long time. Second, the change of policy landscape is basically consistent with the punctuation equilibrium evolution process of S&T plans. The S&T plan goals, intellectual policy and S&T development concept constitute the policy landscape in different periods. Third, the policy field has gradually formed a mechanism with diversified participants and democratic decision-making in the evolution of S&T plans.
       At the same time, this paper further puts forward some suggestions to carry out S&T plan research from the perspective of policy process.

    〖HT〗〖HJ〗
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    A study of the impact mechanism of the population richness of innovation ecosystem on the innovation ecological effect
    Xie Xuemei, Yu Jiahui, Tang Haiyan
    2022, 43(6): 9-21. 
    Abstract ( 201 )  
        As the characteristics of multi-entities symbiosis and the cross-integration of business formats are intensified, it is difficult for enterprises to rely on the resources owned by a single alliance to achieve technological innovation. As a result, the innovation ecosystem has become an important way for enterprises to orchestrate resources. The innovation ecosystem consists of diverse populations, which can provide diversified innovation resources for enterprises, and promote the value-added of the ecosystem by matching the value proposition and coordinating the value co-creation behavior of the diverse populations. Although research on innovation ecosystem has been widely discussed, there are few studies examining the path of population richness of innovation ecosystem (PRIE) to innovation ecological effects (IEEF). This study aims to discuss the impact of PRIE on IEEF, the mediating effects of value co-creation mode (VCM) and value co-creation process (VCP), the moderating effects of innovation ecological environment (IEEN), innovation ecological mechanism (IEM), and innovation niche.
       Based on the survey data of electronic information companies in the Yangtze River Delta region, using multiple regressions and the Bootstrap method, the results of this study show as follows: Firstly, PRIE has a positive impact on IEEF. Diversified populations can bring diverse cooperative relationships, rich knowledge structures, and heterogeneous innovation resources, which can help enterprises effectively integrate knowledge and technologies in various fields, thereby stimulating potential business value and improving the innovation ecological effects of enterprises. Secondly, VCM and VCP play a mediating role in the relationship between PRIE and IEEF. On the one hand, diversified innovation entities can achieve virtual aggregation and innovation resources integration by means of the value co-creation mode, thus enhancing the IEEF. On the other hand, rich populations can learn interactively through value co-creation processes such as innovation forums and cooperation fairs to achieve complementary advantages, thereby promoting the generation of innovation ecological effects. Thirdly, IEEN plays a moderating role between PRIE and IEEF. Specifically, in a good innovation ecological environment, diverse populations can effectively achieve information dissemination and resource allocation, which is conducive to strengthening the positive impact of PRIE on IEEF. Fourthly, IEM has a moderated mediating effect on the relationship among "PRIE—VCM (VCP)—IEEF". Under the perfect innovation ecological mechanism, diversified populations can acquire better resources and complete high-quality and efficient interaction based on value co-creation mode, and establish common vision and rules based on value co-creation process, thus enhancing the impact on IEEF. Finally, innovation niche positively moderates the indirect effect of PRIE on IEEF via VCP. The result indicates that enterprises in the dominant ecological niche can combine different populations to participate in the value co-creation process such as new product development, strategic planning or process improvement by virtue of their extensive product system and resource orchestration capability, thus improving the IEEF. In addition, innovation niche positively moderates the indirect effect of PRIE on assimilation effect via VCM, but the indirect effect does not change significantly for growth effect and utilization effect. The possible explanation is that enterprises in different niches tend to adopt different strategies, therefore, the key for enterprises to obtain growth effect and utilization effect lies in the matching of their own ecological niche and ecological strategy.
        The following management implications are proposed based on the research findings: Firstly, enterprises should encourage heterogeneous members from different populations to co-create value. Specifically, enterprises should not only use different types of platforms to promote the integration of diversified online resources but also strengthen the interaction of innovation resources and the construction of strategic relationships with various groups. Secondly, government needs to create an innovative ecological environment based on the innovation concept of " cross-border integration", and play a guiding role in promoting the cooperation of diversified populations. On the one hand, the government should build an open and shared innovation platform; on the other hand, the government need mobilize the enthusiasm of enterprises and multi-entities to carry out technological innovation together through policy support. Thirdly, enterprises should select high-quality partners by establishing a selection mechanism in homogeneous populations; meanwhile, the relatively fair income distribution and risk bearing mechanism within the ecosystem should be constructed. Fourthly, enterprises can strengthen the strategic niche management and promote the expansion of innovation niche through expectation convergence, network management, and interactive learning, thus providing adaptive conditions for the formation of IEEF.

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    Research on the effects and mechanism of identification of high-tech enterprises from the perspective of innovation chain
    Liu Jiashu, Shi Hongbo, Qi Xin
    2022, 43(6): 22-31. 
    Abstract ( 246 )  
        Currently, there are increasingly fierce technological competition, intensified anti-globalization of international trade, and more difficulty in relying on the import of key and core industrial technologies. At the same time, innovation has shown the characteristics of systematic complexity, high uncertainty and externalities, which leads to the lack of innovation motivation on the part of enterprises. In the transformation from "Made in China" into "Created in China", the government should play its role in inspiring enterprises′ passion and energy in devoting to innovation. What worth noticing is that identification of high-tech enterprises has become a powerful policy tool in guiding high-tech enterprises to make innovation. However, the prevailing literature has disparate opinions on the effects of implementing the identification policy. What′s more, the previous studies focused mainly on a certain stage of the innovation process when discussing the effects of the identification policy. So, this still needs to be explored further.
        The process of enterprise innovation includes stages of R&D input, output of achievements and the realization of innovation efficiency, and these stages are interconnected and chained. Therefore, it is necessary to analyze the chain effects of the identification policy on enterprise innovation and probe into the comprehensive effects of the identification policy by taking into account the whole process of innovation chain. Meanwhile, due to the heterogeneity of the goals and strategies at each stage of the innovation chain and the variant degrees of information symmetry, there are obviously different impacts of innovation policies on different stages of the innovation chain. Undoubtedly, it is necessary to deconstruct the innovation chain and open the black box of the mechanism of identification policy influencing each stage of the innovation chain. As such, the current study firstly built a model to test empirically the chain effects of identification of high-tech enterprises on enterprise innovation performance and the transmitting paths. Then, the mechanism of identification policy impacting enterprise innovation process was explored from three aspects, namely, signal mechanism, lever mechanism and trigger mechanism. Finally, policymaking implications were suggested on the basis of the theoretical analysis and empirical study results. The study looked into the influential effects of identification of high-tech enterprises on enterprise innovation and its underlying mechanism for the reference of optimizing and improving policy design.
        The study selected the listed firms in the Shanghai and Shenzhen A-share markets from 2012-2019 as the sample to explore the impacts of high-tech enterprises identification on enterprise innovation and its underlying mechanism. The results showed that: (1) High-tech enterprises identification was significantly positively related to the R&D investment of enterprises and output of scientific and technological achievements of enterprises; (2) There were multiple indirect paths through which identification of high-tech enterprises influenced enterprise innovation performance. Innovative investment and its outcomes played moderating role in the process respectively and their chain moderating effects were significant. Meanwhile, identification of high-tech enterprises was found to negatively directly related to enterprise innovation performance, resulting in the insignificant overall effect, which meant that the overall effect of high-tech enterprises identification on innovation performance might be hindered; (3) Based on the discussion of the above results and the heterogeneity of the goals and strategies at each stage of the innovation chain, the mechanism of variant effects of identification on different stages of enterprise innovation process was explored from three dimensions, namely, signal mechanism, lever mechanism and trigger mechanism. 
        The results revealed that at the innovation investment stage, the signal mechanism of high-tech enterprises identification encouraged external financing to enter the innovation chain, thus increasing the R&D investment of enterprises. At the innovation output stage, identification of high-tech enterprises played a leverage role in urging enterprises to seek for industry-university-research cooperation, thus promoting the output of scientific and technological achievements of enterprises. And, at the stage of producing innovation performance, accredited quality was a key and core situational variable in high-tech enterprises identification triggering enterprise innovation performance. When the identified quality of high-tech enterprises was high, identification policy had a significant positive impact on innovation performance.
         Based on the previous study, the contribution of this study is mainly reflected in the following three aspects. Firstly, different from the previous studies focusing on the relationship between identification of high-tech enterprises and a certain stage in the process of enterprise innovation, this study analyzed the impacts of identification of high-tech enterprises policy on enterprise innovation performance and its multiple transmission paths by taking the whole process of innovation chain into consideration. Thus, it expanded the horizon of research on the effects of innovation policy by overcoming the shortage of studying the effects of identification of high-tech enterprises policy only on one stage of innovation process. This study can provide a new perspective for the reference of relevant studies. Secondly, this study explored the signal mechanism and leverage mechanism of high-tech enterprises identification policy on the innovation process, which opened the black box of the effects of high-tech enterprises identification policy on the innovation process, echoing the call for paying attention to the characteristics of each stage of the innovation chain and their interrelationship in the research of high-tech enterprises identification policy. Finally, the study uncovered the phenomenon of the hinderance effect of high-tech enterprises identification policy on enterprise innovation performance and analyzed its reasons, and revealed that the identified quality would be the trigger condition of high-tech enterprises identification policy in promoting innovation performance. This provides a theoretical reference for policymaking departments to optimize the high-tech enterprises identification policy so as to cope with the challenge of enterprises using tactics to take advantage of innovation policy.
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    Dual network embeddedness, institutional environment and regional innovation capability
    Xiong Yan, Yang Boxu
    2022, 43(6): 32-42. 
    Abstract ( 203 )  
        A new round of scientific and technological revolution and industrial transformation is emerging. How to improve regional innovation capability, improve international competitiveness and remain invincible in international competition has been the focus of academic attention. Social network theory points out that as an important social capital, network embeddedness plays an important role in promoting innovation performance of enterprises and regions. Previous literatures show that local network embeddedness plays an important role in promoting technology innovation, production efficiency, and overseas M&A. With the continuous advancement of globalization, international cooperation and exchanges become more frequent, and the level of regional international network embeddedness continues to be improved. On the one hand, international network embeddedness provides opportunities for local enterprises to obtain international information and learn the international operation and management experience. On the other hand, due to the influence of geographical location, institutional environment and other aspects, the cost of innovation activities through international network embeddedness is relatively high. As the extension and expansion of local network embeddedness, the mechanism of international network embeddedness on regional innovation capability is not clear. International network embeddedness and local network embeddedness are two main ways of network embeddedness in a region. Is there a complementary or alternative role between them? All of these questions should be further explored in theory. Therefore, it is of great theoretical and practical significance to explore the mechanism of local and international network embeddedness on regional innovation capability.
        Institutional theory emphasizes the interaction between the operation and development of organizations and regions and the local political, economic and legal institutional environment, and becomes one of the important theories to explain the development of emerging economies. As a typical emerging economy, there are significant uneven development in the institutional environment between China′s regions. Due to the uneven development in institutional environment, there are also uneven in the choice of regional international network embeddedness and local network embeddedness, as well as their impact on innovation capability. To study the moderating effect of institutional environment on the above relationship can deepen the research on innovation performance of network embeddedness in theory. In practice, it is beneficial for local governments to promote network embeddedness based on the current institutional environment and promote the regional innovation capability.
        Based on the resource-based view and institutional theory, using the panel data of 30 provinces in China from 2005 to 2016, this paper explores the impact mechanism of international network embeddedness and local network embeddedness on regional innovation capability, as well as the moderating effect of institutional environment. The results show that international network embeddedness promotes regional innovation capability, while there is an inverted U-shaped relationship between local network embeddedness and regional innovation capability. There are interaction effects between local network embeddedness and international network embeddedness, which jointly promote regional innovation capability, and international network embeddedness shows the substitution for local embeddedness. The level of marketization enhances the positive effect of international network embeddedness on regional innovation capability and weakens the inverted U-shaped relationship between local network embeddedness and regional innovation capability. The uneven in regional development also leads to the difference in the impact of multiple network embeddedness on regional innovation capability.
    The possible marginal contributions of this paper include: firstly, based on the social network theory, the international network embeddedness and the local network embeddedness are included in the research framework. The influencing factors of regional innovation capability are analyzed from the perspective of "international" and "local", the interaction between the international network and the local network is explored, and the research of regional innovation capability is expanded. Secondly, based on the institution theory, the institutional environment is further incorporated into the model, the theoretical framework of "network-institution-innovation" is constructed. The influence mechanism of continuous improvement of China′s system environment and uneven development of inter-regional institutional environment on network embeddedness is analyzed, and the research on multiple network embeddedness and regional innovation capability is deepened. Thirdly, in practice, facing the trend of economic globalization and regional integration, the role of innovation capability in regional development is becoming increasingly important. The conclusion of this paper provides a theoretical basis and decision-making reference for national and local governments to improve the regional innovation capability by adjusting local and international network embeddedness and regional institutional environment.
    〖WTHZ〗Key words: 〖
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    The carbon trading mechanism and corporate green innovation in China: A study based on the DDD model
    Yao Xing, Chen Lingshan, Zhang Yongzhong
    2022, 43(6): 43-52. 
    Abstract ( 359 )  
        Low-carbon economy is closely related to green development. The current analysis of the effect of carbon emission trading pilot policies on innovation incentives lacks empirical evidence at the micro-enterprise level. In this study, the carbon emission trading pilots conducted in 7 provinces and cities at the end of 2013 are used as quasi-natural experiments. Based on the patent data of A-share listed companies in China′s Shanghai and Shenzhen stock exchanges from 2009 to 2016, we use the DDD estimation method to compare the changes in the proportion of green patent applications by companies before and after the implementation of the carbon trading pilot policy, in the pilot area relative to the non-pilot area, and the high-polluting industry relative to the low-polluting industry, explores the impact of carbon trading mechanism policies on corporate green innovation activities. Furthermore, this study conducts a series of heterogeneity discussions and robustness tests, according to the types of green patents, the types of corporate ownership, the measurement standards of industry pollutants, etc., to in-depth explore how the carbon trading mechanism affects the output of corporate green patents. 
         This study finds that: (1) Compared with non-pilot areas and low-pollution industries in pilot areas, carbon trading pilot policies can increase the proportion of green patent applications by companies in high-pollution industries in the pilot areas. (2) Compared with green patents for inventions, this policy has a stronger role in promoting non-invention patents in green patents. (3) Compared with state-owned enterprises, this policy has a more significant role in promoting the green innovation level of non-state-owned enterprises among listed companies in the pilot areas. In the mechanism analysis, this study found that the carbon trading mechanism can increase scientific researchers, R&D expenditures, and the net profit margin of enterprises in high-polluting industries, which will have direct and indirect effects on the green innovation output of enterprises.
         According to the analysis results of this study, the policy recommendations are as follows: (1) Implementation of the carbon trading mechanism should be deepened. The conclusion that the carbon trading mechanism can significantly stimulate R&D and innovation of enterprises provides an empirical support for actively promoting the full launch of the carbon trading mechanism in China. In the future, the intensified implementation and more comprehensive promotion of carbon trading pilots can reduce air pollution and protect resources and environment. At the same time, it will better promote energy saving and green development of enterprises. (2) The green patent market for inventions should be developed. The carbon trading mechanism has a stronger role in promoting non-invention green patents, but the development of invention green patents cannot be ignored. Therefore, companies should further develop the invention green patent market and improve the technologically more complex and innovative inventions. The output of similar green patents will jointly promote the green development, transformation and upgrading of Chinese enterprises. (3) Differentiated carbon trading policies should be formulated. The carbon trading mechanism has a heterogeneous effect on the listed companies in the pilot area. Therefore, in the process of my country′s full implementation of the carbon trading market, the heterogeneity of different industries should be considered in many ways, and the carbon trading policies of different types of enterprises should be precisely designed. With a definite target, further improve the promotion effect of this policy on different types of enterprises. (4) Enterprises should be encouraged to improve investment in R&D. Carbon trading policies can stimulate enterprises in high-polluting industries to increase the introduction of scientific research personnel and R&D expenditures to increase their green innovation output. Therefore, relevant departments can introduce incentive policies to encourage enterprises to increase investment in scientific and technological research and development, increase the introduction of talents, and thereby increase innovation output.
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    Corporate strategic transformation based on the co-evolution theory——A case study by taking Wanda Group as an example
    Wang Zhitao, Wang Mengjiao
    2022, 43(6): 53-62. 
    Abstract ( 231 )  
       As an important way for real estate enterprises to get rid of the competition dilemma and realize their own development, strategic transformation oriented by continuous reform has attracted extensive attention from both industrial circles and the academia. But how can an enterprise successfully choose a suitable transformation strategy to meet its own development needs? What are the main paths and mechanisms in the process of implementing the specific strategic transformation? How do these key elements function in the process of strategic transformation? What′s more, what capabilities should an enterprise have in order to achieve a successful transformation?
        Strategic analysis, strategic choice and strategic implementation in the process of organizational strategic transformation develop and change together with the formation process of enterprise dynamic capability and organizational knowledge. The time nodes for mutual promotion and realization are consistent and simultaneous. Wanda Group′s development ability and cultural ecology can no longer meet the needs of the external ecosystem and its own strategic trends. Meanwhile, the top management of the enterprise perceived the external environmental network and compared its organizational ability with the external network. The top management of Wanda Group analyzed the financial development trend of its inherent real estate development business in recent years. 
        A comprehensive analysis of the reasons for the change in business income includes the impact of external policy environment and the industrial agglomeration of leading enterprises in industry competition. Once the analysis results showed that the organizational operation mode and the external environment network were full of conflicts and repulsions, and the existing organizational capacity and operation mode do not conform to the organization′s phased development vision, the organization leaders conveyed the organizational discomfort to Wanda Group through the factors such as policy impact and market drive. The cognition of the development within the Group was split and a consensus was reached. 
        Each relevant knowledge needs to be verified and further excavated, developed and reused in the process of strategic transformation of the organization. Through the analysis and prediction of the knowledge needed for the current and future development of the organization, the target knowledge source was determined. Through the knowledge analysis, the ability of the organization to perceive the environment and identify opportunities is realized, and the perception and insight of the group were improved. Through the identification of knowledge needs and opportunities, the group′s senior managers conducted organizational strategy analysis and discussion according to their results, discovered existing organizational strategy problems, and conducted in-depth analysis of the organization.
        Once the knowledge source was determined through organizational perception and insight ability and the organizational strategy analysis was carried out, the organization excavated and reused the original knowledge beneficial to the transformation through organizational learning. Meanwhile, through external communication and external communication, the organization transferred and learned the knowledge beneficial to the transformation, which was helpful to shorten the time of strategic transformation and reduce the transformation cost. The organization′s existing basic capabilities were all attributed to its existing knowledge stock. The increase of knowledge stock included the accumulation of "quantity" and the improvement of "quality". The combined effect of the two aspects of knowledge development and implementation provided the knowledge foundation and basis for the improvement of organizational capacity. Wanda Group made full use of its ability to choose and adapt to changes in knowledge, makes decisions on strategic positioning, and selected a strategic positioning suitable for the organization′s business ecosystem and its future development.
        The Group basically determined the organizational strategic direction and gradually updated its business. From the first generation of single box-type pure commercial houses to the second generation of combined commercial houses and complexes. The third generation of business development has been deeply involved in the field of real estate services. While developing leisure and health business products, Wanda Group has integrated functional combinations of the original pure commercial products. Up to now, Wanda Group has basically realized the transformation, completely entered the cultural tourism sector and realized all-round integrated functional combinations. Through the gradual entry and penetration of various business sectors, it has moved closer to light assets. Through the continuous joint promotion and cooperative interaction among various business sectors, it has promoted the strategic transformation from unidirectional business to orderly structural changes in many business sectors.
        During the implementation phase of the strategic transformation of an enterprise, organizational knowledge is integrated. During the implementation process of the transformation, the dynamic capability of the organization is realized through sorting out and discarding the original knowledge, integrating and innovating new knowledge. The improvement of the dynamic capability of the enterprise is mainly based on the change of the knowledge state included in the original capability of the enterprise. Wanda Group has restructured the elements of its original capabilities, embedded new capable resources and realized the integration and reconstruction of its organizational capabilities. The Group has adopted an internal innovation incentive mechanism to encourage employees to carry out organizational development and innovation. It has also sought to cooperate with Changchun University, University of Pittsburgh and other universities to carry out scientific and technological innovation, personnel training and accumulation strategies. 
        Wanda Group has chosen a cooperative path to implement its internal research and development strategy and has vigorously developed the light asset industry. In the process of strategy implementation, we still have to face the influence of market driving factors, and every business transformation needs to face the risk of achievements. We need to reposition the overall strategic layout of the organization, enhance the development of comprehensive environment-friendly industries, realize business diversification, and adjust the inherent operation mode to realize the spatial layout of industrial strategic transformation. In the process of strategy implementation, the Group realized modular control of the plan through weekly reports, monthly assessments, standard setting, target setting and other means to resist the risks of transformation and to tap and cultivate the original high-quality industries to realize market guarantee.
        It can be seen that the implementation of the specific strategic transformation of an enterprise is the result of the interaction and co-evolution of various constraints such as organizational environment, organizational knowledge formed by internal factors and dynamic capabilities. These internal and external factors play a very important role in the guidance of enterprise strategic transformation.
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    "Incremental innovation" or "radical innovation" ——The crossover innovation mode of time-honored enterprises
    Wang Desheng, Li Tingting, Zhao Li
    2022, 43(6): 63-73. 
    Abstract ( 171 )  
        Nowadays, Chinese consumers are more enthusiastic about "supporting domestic products" and more likely to buy products designed by China. This situation has created new opportunities for the development of China′s time-honored enterprises. Time-honored enterprises have been very brilliant in the past, but in recent years, they show the signs of brand weakening or brand aging. In order to create brilliant again, many time-honored enterprises have chosen the way of crossover innovation. Therefore, it is particularly important to clarify whether the way of crossover innovation is effective, and if so, what is the internal mechanism of crossover innovation affecting consumers′ brand attitudes from different perspectives. Only by clarifying these clearly can managers help time-honored enterprises enhance brand value, increase market recognition, achieve marketing upgrade, and finally revitalize the brand vitality. 
         Some scholars discussed the classification of crossover marketing, marketing innovation and product strategy from a strategic perspective, others analyzed the relationship between marketing innovation and firm performance from a financial perspective, and only a few scholars combined crossover marketing innovation and consumer behavior to explore how the enterprises crossover′ impact on consumers′ brand attitude. Although the research on brand crossover is booming, the literature lacks in-depth understanding of brand crossover mechanism. In addition, the "old" of cultural heritage of time-honored enterprises and the "new" of crossover way form a huge contrast, which has certain uniqueness. Therefore, this study investigates the psychological mechanism and situational effect of time-honored brands′ crossover innovation on consumers′ perception. Moreover, consumers′ perception of firm innovativeness is the mediating role, the type of enterprises and brand familiarity are the moderating roles.
        Based on the degree of innovation, this study divides crossover innovation into two types: incremental innovation and radical innovation. Incremental innovation continuously expands and upgrades on the basis of existing products and marketing models. It does not cause subversive changes in products and services, but is a progressive innovation process. Radical innovation is committed to breaking the existing pattern for new attempts and challenges, often accompanied by the birth of new products. Through three experiments, the results reach the following conclusions. First of all, compared with no crossover innovation, time-honored enterprises carry out incremental innovation and radical innovation can improve consumers′ brand attitude, and perceived enterprise innovativeness plays a completely mediating role in this process. Secondly, there is an interaction effect between crossover innovation mode and enterprises′ type. That is, when single brand enterprises adopt incremental innovation strategies, or multi-brand enterprises adopt radical innovation strategies, consumers′ perceived firm innovativeness and brand attitude are more positive. Thirdly, the enhancement of consumer brand familiarity will positively regulate this process.
        This study has significant theoretical contribution. Firstly, previous research lacks empirical studies on the combination of time-honored brands′ crossover strategy and consumer behavior. In view of this situation, this study introduces crossover innovation into the research category of time-honored innovation behavior, and constructs a micro-mechanism model of how time-honored enterprises′ crossover innovation modes affect consumers′ brand attitudes. Secondly, this study proposes and verifies the mediating role of consumers′ perception of firm innovativeness in the formation of brand attitude. Thus, consumers′ perception of product innovation is extended to their perception of firm innovativeness, which improves the theoretical framework of research on crossover innovation of time-honored enterprises. Thirdly, previous studies have noted that the difference of brand type will produce different crossover influences, and the important role of cultural fit in the crossover results. However, all the above studies analyzed from the level of product and brand, ignoring the influence of enterprise type on consumers′ perception and attitude. Therefore, this study verifies the moderating effect of enterprise type and brand familiarity, which reveal the boundary conditions of crossover innovation.
         The conclusions of this research have certain references for time-honored enterprises. Firstly, time-honored enterprises should carry out different forms of innovation practice on the basis of retaining the core culture. Specifically, time-honored enterprises should maintain cultural inheritance and excavate the cultural connotation of time-honored brands to meet the consumers′ trust in the domestic products, which makes it fit with the brand′s new value proposition organically. Secondly, time-honored enterprises should keep corporate image consistent with corporate behavior when carrying out crossover innovation. That is, single brand enterprises can carry out incremental innovation, focusing on conveying innovation intention and enhancing the image of product vitality. Multi-brand enterprises carry out radical innovation and enrich crossover product categories. Thirdly, time-honored enterprises should build a three-dimensional publicity matrix with the Internet habits of young consumers. Therefore, it is particularly important to spread brand stories through new media, such as WeChat, APP and online community to improve consumers′ brand familiarity.
        As the crossover innovation of time-honored enterprises is a newly emerging phenomenon, there is still much space for academic research′s improvement. On the one hand, this study classifies crossover innovation based on the degree of innovation. In the future, we can choose more appropriate classifying methods according to research situations, such as culture, product, corporate image and other factors, so as to build a comprehensive conceptual framework for crossover innovation. On the other hand, we should also take more account of consumers′ subjective initiative in the process of innovation perception and interaction, building a two-way research system of crossover innovation between consumers and enterprises.
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    Research on learning, unlearning, organizational resilience and firms′ digital capability acquisition
    Li Yu, Wang Junhe
    2022, 43(6): 74-83. 
    Abstract ( 347 )  
        Digital transformation is the best way for modern enterprises to fulfil industrial upgrading and innovation. Enterprises′ digital transformation has put forward new requirements on the internal capabilities and external environment, and traditional enterprises are generally immersed in the anxiety of ‘digital capability’ acquisition.  Based on the organizational imprinting theory, this study extends the imprinting rebound effect of organizational imprinting. Taking digital era as emerging market enterprises′ imprinting rebound background and focusing on the Chinese context. This research explores the organizational characteristics of imprinting rebound effects and process mechanisms that facilitate the acquisition of digital capabilities. In this research, organizational learning and organizational unlearning are two endogenous characteristics of imprinting rebound effect, and organizational resilience is the process mechanism between of acquiring digital capabilities. Furthermore, this research introduces firm network′s digital atmosphere as exogenous context to influence firms′ digital capability. 
        In order to follow the logic of imprinting rebound effect, the study on 259 Chinese enterprises which are subordinated to inferior industries as samples.  The empirical results showed as follows. Firstly, organizational learning has positive impact on organizational resilience and digital capability. Secondly, organizational unlearning has positive impact on organizational resilience and digital capability. Thirdly, result proves there has positive relationship between organizational resilience and digital capabilities. Thus, it indicated that organizational resilience plays partially mediating effect between organizational learning and digital capability and also between organizational unlearning and digital capability. Fourthly, firm network′s digital atmosphere positively moderates the relationship between organizational learning and organizational resilience, and between organizational unlearning and organizational resilience. Moreover, the research has taken response surface analysis to further explore the relationship among organizational learning, unlearning and digital capability. Results show that organizational unlearning is more important than organizational learning. 
        The research also brings out some theoretical implications. Firstly, focusing on the Chinese context, research extends the organizational imprinting theory through existing Chinese management phenomenon. In other words, firms′ external environment of the founding phase not only exerts imprinting adapting effect which can assist firm to deepen sensitive period′s imprints, but also imposes imprinting rebounding effect which can facilitate firm to weaken the founding phase′s imprints. Thus, imprinting rebound effect is the opposite of imprinting adapting effect, and rebound effect often appears in the context of emerging economies and provides a perspective to explain emerging market firms′ development path. Secondly, this research also responds the existing research of other scholars to conclude firm′s specific characteristics to weaken firm′s sensitive period′s imprints. Therefore, this research verified Chinese firms which are established in the environment technology backward, and can counterattack in the digital era through the imprinting rebound effect.  
        The practical contribution indicates that emerging economies especially Chinese firms are not supported by abundant external resources in their founding period, and there is a huge technology gap between advanced nations′ firms and emerging economies firms. Chinese firms can rebound in the digital era by learning and unlearning which are endogenous characteristics and digital atmosphere as exogenous driving force in the subsequent development. This is a feasible path to get rid of the deep imprints given by founding environment, and carry out continuous technology iteration in the subsequent rebound process. Therefore, Chinese firms can shorten the technological gap with advanced economies and assist China to become innovative country in 2035. 
       However, this study only selected the enterprises in some regions of China as samples. The research conclusion can be applied to other Chinese regions need to be further verified by collecting data from firms in other provinces. In addition, future studies can further explore how enterprises′ behaviors are shaped when these two distinct influences affect simultaneously. Thus, the explanatory power of imprinting theory can be improved.
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    How to solve the dilemma of campaign-style governance in implementation of environmental policies—— A configuration-based study
    Sun Yan, Zhang Bei
    2022, 43(6): 84-93. 
    Abstract ( 207 )  
        How to remove the disadvantage of campaign-style governance is the focus of environmental policy implementation. Based on the inspection by central ecology and environmental protection authority, after a major reform measure is put forward to promote ecological civilization construction, this paper selects 40 typical failures and excellent cases under the central ecological and environmental protection inspections announced by the Ministry of Ecology and Environment, and constructs an analysis framework for local government policy implementation that meets the actual situation of the central ecology and environmental protection inspection by taking the complexity of the problem, the number of target groups, the policy implementation network, the resource status, leadership concern, public concern and internal supervision as the condition variables, and the effective implementation and ineffective implementation of policies as the result variables. The NCA and fsQCA methods are used jointly to analyze the multiple paths for the effective implementation of environmental policies. The research results are as follows:
         (1) The analysis of the necessary conditions found that the special actions, the attention of municipal leaders, and the special group are the necessary conditions for the effective implementation of policies under the central ecology and environmental protection inspection, and the analysis results further affirm the importance of campaign-style governance to the effective implementation of environmental policies.
         (2) After configuration analysis, three paths for the effective implementation of policies were found. The first path is: in the face of more complex environmental problems, in the case of insufficient government environmental protection expenditure, it is possible to increase the attention of leaders, adopt strict internal supervision, and supplement it with the necessary departmental cooperation to promote the effective implementation of environmental policies, while public concern plays little role in it, and summarizes it as an "internal-driving model". The second path is: for environmental problems involving a large number of target groups, it is possible to promote the effective implementation of environmental policies by increasing the attention of leaders and adopting strict internal and external supervision measures, while environmental protection expenditure is unnecessary. It′s summarized as a "collaborative-driven model". The third path is: for environmental problems with low complexity and more target groups, governments with insufficient environmental expenditure can promote the effective implementation of environmental policies through strong internal and external supervision and build policy implementation network, which can be summarized as a "supervision-driven model". Through the horizontal comparison between the three paths, internal supervision and policy implementation networks appear in the three paths, so local governments should pay attention to strengthening internal supervision and network construction in the process of promoting the effective implementation of policies. The resource status appears in the three paths as a missing condition and an unimportant condition, which further highlights that the role of institutional design in environmental governance is more vital than the investment of government funds.
          (3) After the analysis of the substitution relationship, it is found that the different attributes of environmental problems will trigger the substitution relationship between the attention of the leader and the public concern, the environmental problems with higher complexity should play the role of the leadership attention, and the environmental problems with lower complexity and more target groups should play a more important role of the public. 
         (4) Combined with the analysis results, this paper further summarizes the logic of the effective implementation of local environmental policies under the central ecology and environmental protection inspection: "passive opening-problem identification and strategy matching - continuous follow-up".
        The paper further points out that for the current environmental governance of local governments, it is necessary to reasonably match policy implementation tools from the perspective of problems, break the inertia of environmental policy implementation with the help of campaign-style tools in the process of policy implementation, use regular governance means to ensure the sustainability of environmental policy implementation, strengthen the supervision of policy implementation, and ensure the standardization and legalization of policy implementation. Furthermore, local governments should gradually get rid of the government′s top-down control thinking pattern in environmental governance, actively cooperate with various departments and strive to build a new situation of environmental governance with pluralistic co-governance, to solve the problems of the campaign-style governance and truly achieve the coordination of development and protection.
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    The spatial effect of energy industry agglomeration and green innovation performance
    Su Yi, Li Dan
    2022, 43(6): 94-103. 
    Abstract ( 131 )  
        The Fifth Plenary Session of the 19th CPC Central Committee clearly regarded "high-quality development" as one of the important guiding ideologies of economic and social development during the 14th Five Year Plan period. The plenary session pointed out that we should unswervingly implement the new development concept of innovation, coordination, green, openness and sharing, take promoting high-quality development as the theme, coordinate development and security, and accelerate the construction of a modern economic system. The development mode with the main purpose of expanding scale is bound to bring severe consequences such as resource depletion, environmental pollution and ecological damage. The concept of green development has gradually become the inevitable choice for the transformation of China′s economic development mode. Different from the traditional innovation of scale, green innovation follows the rule of economic development, which is the expansion and upgrading of traditional technological innovation, the integration of breakthrough research and development achievements, and fully embodies the dual objectives of environmental protection and innovation development. The energy industry is not only the front end of many industrial chains, but also the basis for all scientific and technological activities, which plays a pillar role in the development of the real economy. The energy industry has the characteristics of high energy consumption and high emission, and has gradually become a key node in the development process of green innovation. Energy industry agglomeration has gradually become an important organizational form of China′s innovation and development and a key force to promote regional technology spillover. 
        Based on the specialized and diversified agglomeration of energy industry, establishing spatial panel econometric model, this study confirms the spatial effect of energy industry agglomeration in the process of green innovation. This study describes the impact of energy industry agglomeration on green innovation performance accurately, and provides new ideas and action plans for the implementation of reasonable green development strategies. Based on the 2009-2017 panel data of 28 provinces in China, the spatial effect of energy industry agglomeration on green innovation performance is empirically tested on the basis of calculating Moran I index. 
        The main conclusions of this study are as follows: First, there is a significant positive spatial autocorrelation in China′s provincial green innovation performance. Second, energy industry specialized agglomeration has a significant negative spatial spillover effect on green innovation performance, and energy industry diversified agglomeration has a significant positive spatial spillover effect and a significant positive total spatial effect on green innovation performance. Third, the specialized agglomeration of energy industry in the eastern region has a significant positive spatial spillover effect and a significant spatial total effect on green innovation performance; The diversified agglomeration of energy industry in central China has a significant negative spatial spillover effect and a significant negative total spatial effect on the performance of green innovation; The specialized agglomeration of energy industry in the western region has a significant positive total spatial effect on green innovation performance, and the diversified agglomeration of energy industry has a significant spatial direct effect on green innovation performance. 
         Finally, corresponding countermeasures are put forward according to the research results: first, enhance the linkage of regional green innovation activities, and give full play to the spatial correlation mechanism of green innovation performance among regions. Second, optimize the development model of energy industry clusters and drive the improvement of green innovation performance. Third, improve the environmental protection supervision and incentive mechanism to ensure the overall improvement of green innovation performance.
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    A study of the emission reduction effect of China′s two-way FDI coordinated development
    Wang Yafei, Liao Meng, Wang Yafei
    2022, 43(6): 104-112. 
    Abstract ( 231 )  
        Since China′s accession to the WTO in 2001, it has achieved deep integration with the global economy. Inward Foreign direct investment (IFDI) and Outward foreign direct investment (OFDI) have shown a sustained and rapid growth trend. By the end of 2017, China has become the second largest IFDI and the third largest OFDI economy in the world. The 19th National Congress of the Communist Party of China clearly put forward the development strategy of "bringing in" and "going out", and emphasized that IFDI and OFDI should develop in coordination. However, with the deepening of China′s opening up, the increasingly prominent environmental pollution problem has become an important factor restricting the high-quality economic development and social welfare improvement. IFDI and OFDI are primary avenues for opening to the world and embedding into the global value chain; hence, their coordinated development has become one of the important strategies for China′s current and future opening-up strategy. 
       This paper innovatively combined Inward Foreign Direct Investment (IFDI) and Outward Foreign Direct Investment (OFDI) as a two-way FDI coordinated development to measure the coupling and coordination level of FDI. Under the analytical framework of Copeland and Taylor (1994), it introduces the new measure to investigate its effects on China′s carbon emissions during 2004-2016 from the two-dimensional perspective of time and space using the dynamic spatial panel model and the system GMM method. The contributions of this paper are as follows: (1) Based on the objective fact of the interactive development of the two-way FDI, IFDI and OFDI are integrated as a measure for representing the level of coupling and coordination development to master the internal interaction mechanism of the two-way FDI. (2) Based on China′s inter-provincial carbon emissions data released by China Emission Accounts and Datasets (CEADs), we analyzed the impact of two-way FDI on carbon emissions from the dual dimensions of time and space by using the dynamic spatial panel model. (3) The mechanism of two-way FDI on carbon emissions, is divided into a scale effect, composition effect, and technique effect. Based on the mediation effect model, the path of the conduction mechanism of carbon emission in the coordinated development of two-way FDI is deeply investigated.
    The results found that China′s carbon emissions show significantly spatial-correlation characteristics and path dependence, which indicating that regional coordinated cooperative governance and long-term governance is the key to the carbon emission mitigation in China. China′s two-way FDI coordinated development has presented a significant braking effect on carbon emissions during the research period. Decomposing the effects of the two-way FDI on carbon emissions into three parts, it showed that the scale effect is positive, while both the composition and the technique effects are negative. The composition and technique effect essentially dominated the emission reduction induced by the coordinated development of the two-way FDI. This paper suggests that the Chinese government should pay attention to the development strategy of "bringing in" and "going out", promoting the positive interaction of two-way FDI, and giving full play to the structural and technological effects of emission reduction. This research also provides some useful guidance for policy makers to effectively control emissions by implementing economic means.
        The coordinated development of two-way FDI has significant emission reduction effects, which implies that the effective coordination of the process of introducing foreign investment and overseas investment can help mitigate carbon emissions. Therefore, the government should actively promote the scale of IFDI and OFDI while promoting the coordinated development level of the two, which is the path to promote the improvement of China′s environmental quality. In view of the unbalanced regional development of the two-way FDI, the government should accelerate the coordinated development of the "the Silk Road Economic Belt and the 21st-Century Maritime Silk Road" and "Yangtze River Economic Belt" in the future, and continue to deepen the implementation of regional development strategies such as "western development strategy" and "the Rise of Central China strategy". At the same time, the government should gradually expand the level of opening-up in the central and western regions, and promote the scale growth of IFDI and OFDI in the central and western regions with the help of policy guidance and improve the coordinated development level of them, which is of great significance to achieve the improvement of China′s overall environmental quality. 
          The scale effect, structure effect and technology effect of the coordinated development of two-way FDI are the channels to exert its carbon emission reduction effect, and the scale effect restrains carbon emission reduction, while the structure effect and technology effect play a promoting role, and the structure effect and technology effect play a leading role. Therefore, while promoting the coordinated development of two-way FDI, the government should further tap the carbon emission reduction effect of industrial restructuring and technological progress. In this regard, the government should guide the IFDI to the advanced manufacturing, strategic emerging industries and high-end service industries with low pollution costs through supply-side structural reforms. Secondly, the government should actively expand the international production capacity cooperation industry and regional scope to promote domestic industrial transformation. In the end, while promoting the growth of OFDI, the government should continue to encourage Chinese companies to invest in foreign high-tech industrial projects, and promote domestic industrial technology upgrades and clean technology development through reverse technology spillovers. In addition, considering that the scale effect has a strong inhibitory effect on carbon emission reduction, the government should also take the development of high-quality economy as the guide, and use the two-way FDI to promote economic scale growth while realizing the development of environmentally friendly industries under economic scale growth.
        China′s carbon emissions have significant spatial and path-dependent characteristics, which means that relying on local "localism" and single actions will not help China′s overall environmental quality. In terms of space, more local government coordinated governance mechanisms such as the coordinated development of Beijing-Tianjin-Hebei and the development of the Yangtze River Economic Belt should be established to enhance the synergy of environmental governance; in time, environmental governance investment should be established. The long-term mechanism, through financial guidance, green finance, tax incentives, carbon emissions trading and other means, encourages polluting entities to increase environmental governance inputs and clean technology use, and restricts pollution emissions through strong environmental regulations.
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    Impact of technological enterprises′ innovation climate on innovation performance——The mediating role of knowledge absorptive capacity
    Zhang Shuang, Chen Chen
    2022, 43(6): 113-120. 
    Abstract ( 254 )  
       With the advent of Industry 5.0, the rapid development of AI and big data technology, technological enterprises will face a more intensely competitive environment and severely practical challenges. The development of science and technology has made Chinese technological enterprises became one of the bases for global manufacturing. How can we stay in an invincible position in a more complex and effective global competitive environment? It is not only the focus of enterprise management, but also a topic of concern to scholars.
         Knowledge absorptive capacity reflects the process of identifying new knowledge, absorbing new knowledge and applying it to achieve organizational goals, which can improve organizational innovation and flexibility, and make the enterprises more competitive. At present, most researches on knowledge absorptive capacity focuses on the enterprise level, expecting to increase exploratory learning in order to increase the ability of identifying entrepreneurial opportunities, and increase exploitative learning to stimulate the ability of utilize opportunities. There is a lack of empirical research at the individual level of employee. This study focuses on employees′ individual knowledge absorptive capacity, explores how individual knowledge absorptive capacity affects innovation performance, studies the relationships among variables, influencing factors and action mechanisms, and integrates employees′ perceived innovation atmosphere, leadership support, motivation and encouragement, by introducing cultural factors into the study to explore the influence mechanism of innovation climate, which is an important antecedent variable of innovation performance.
         By means of the methodology of literature review and theoretical research, this paper puts forward a hypothesis on the relationships among innovation climate, knowledge absorptive capacity and innovation performance. Moreover, the questionnaire survey method was used to collect the data in the technological enterprises in China. The SPSS22.0 software was used for statistical analysis to verify the hypothesis and the following empirical conclusions were drawn out: the innovation climate positively affects knowledge absorptive capacity and innovation performance; the knowledge absorptive capacity positively affects the innovation performance; and the knowledge absorptive capacity has a partially mediating effect between innovation climate and innovation performance. The research results provide a reference for technological enterprises to improve employees′ knowledge reserve, learning ability and innovation performance.
         The conclusions of this study include: if employees feel more care from their bosses, colleagues, teams at work, they will be promoted to use, explore and share knowledge more actively, create an innovative atmosphere, and generate more innovative behaviors, such as inventing new products, provide new services and create new ideas. For employees at work, being good at exploring knowledge and using knowledge in practice (such as learning from other corporate experiences, organizing team interaction activities, regularly exchanging ideas between departments, etc.) will help to enhance innovative behaviors, thereby improve innovation performance. The higher the level of support for employees by leaders, colleagues or subordinates, the more efforts employees will perform at work to gain praise and affirmation from leaders and colleagues, thereby motivating them to improve their innovative performance and the stronger the organization′s dependence and emotional commitment; the task support is accompanied by the accurate grasp of the employees′ own internal motivation, and can clearly judge the tasks and goals of individuals and organizations, so that the level of employee innovation performance has been improved.
         There are some inspirations that can be learned from this study. First, the enterprises should create a strong innovation atmosphere within the organization, reward or appreciate employees′ innovative achievements, encourage innovative spirit, evaluate and provide feedback for the effect of employees′ innovative behavior, and build an external environment that supports innovation, such as seminars, training sessions, lectures and academic sharing. Second, knowledge absorptive capacity is enhanced through knowledge transformation processes such as exploratory learning and utilization learning. Exploratory learning learns new knowledge from the outside, while utilization learning realizes knowledge integration and renovation. The effective combination of these two learning processes can achieve the effect of enhancing innovation performance. Third, in the process of individual work and teamwork, employees should focus on interaction, learning and communication with other members, efficient transfer of differentiated knowledge among different members, and development of trust among members for knowledge acquisition, transfer and sharing mechanism, maintain the frequency of active communication between leaders and employees, and encourage employees to communicate in depth through appropriate theme meetings, weekly regular meetings or brainstorming, so as to help employees improve their innovation level.
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    Cross listing and corporate innovation——A case study by taking A+H listed companies as an example
    Tong Yan, Sun Yu, Wang Xi
    2022, 43(6): 121-131. 
    Abstract ( 167 )  
         With the development of global economic integration and the gradual relaxation of financial supervision, the cross-listing of A+H shares has become an important strategic choice for Chinese companies. Compared with pure A-share listed companies, A+H-share cross-listed companies face a more effective capital market environment, including more effective investor protection, stricter information disclosure environment, wider investor attention, better quality finance Intermediaries and more financing channels, which not only have an external governance effect on the companies, but also provide a better financing environment. Given the fact that corporate innovation is a long-term investment activity with high risk and high investment characteristics, the existence of agency problems and financing constraints make corporate innovation activities often over or under invested. Then, when companies from Chinese mainland go to Hong Kong, China to list, how will the mature capital market environment affect the company′s innovation?
        In order to answer the above question, we select the A+H share cross-listed companies from 2003 to 2017 as the research sample, and use multiple regression analysis, PSM, Heckman test and other methods to test the relationship between cross-listing and corporate innovation. In addition, we also further explore the impact mechanism of cross-listing to corporate innovation. The main findings are as follows: (1) Compared with the companies listed in Chinese mainland, the cross-listed ones put less R&D investment, while get more innovation output. That is to say, the cross-listing strategy is conducive to improve corporate innovation efficiency. The reason for this phenomenon is that innovation development needs the protection of a good institutional and market environment. When A+H share cross-listed enterprises face a more effective capital market environment, these enterprises will be more inclined to innovation projects and pay attention to the improvement of efficiency, so as to optimize the allocation of innovation resources and improve the efficiency of innovation investment. (2) Cross-listing affects corporate innovation from the following two aspects: corporate governance and financial costs. In terms of corporate governance, cross-listing mainly affects corporate innovation by improving investor protection, accounting information quality and investor attention; and in terms of financial costs, it mainly affects innovation by reducing financing constraints. (3) In the mechanism of cross listing′s impacts on innovation, investor protection, accounting information quality, investor attention and financing constraints have mediation effects about 60% all together, which could be considered as the main path for the impact of cross listing on corporate innovation.
        Based on the main conclusions, this paper puts forward some policy suggestions. Regulatory authorities could encourage mainland listed companies to list on Hong Kong Exchanges, could further develop the market and regulatory requirements in Chinese mainland when encouraging cross-listing, and could actively formulate relevant policies, make more detailed provisions on the financing system, further alleviate the financing problems of cross listed companies, and protect the interests of investors and enterprises to the maximum extent.
         This paper expands the relevant research on the economic consequences of cross-listing and the influencing factors of innovation. Previous studies on cross-listing mostly focused on motivations and market reactions, and there is still a lack of in-depth analysis on whether cross-listing affects corporate innovation. In addition, this paper also explores the mechanism of cross-listing on corporate innovation. It is found that investor protection, accounting information quality, investor attention and financing constraints are the main ways that cross-listing affects corporate innovation. This conclusion is of great significance for guiding the innovation practice of enterprises.
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    The mechanism of the construction process of open service innovation platform for core enterprises——A study based on the grounded theory
    Zhang Pei, Li Nan
    2022, 43(6): 132-141. 
    Abstract ( 148 )  
        Innovation platform becomes the mainstream paradigm of commercial economy. Open service innovation platform is an important system for enterprises to obtain the necessary resources and improve the success rate of innovation. The construction of open innovation platform by core enterprises not only promotes innovation paradigm change, internal and external integration and rational allocation of innovation resources, but also becomes an important driving force for enterprise development and economic growth. Acquisition and utilization of innovative resources is a key motivation for enterprises to participate in the construction of innovation platform. At present, a large number of innovation failure cases of incumbent enterprises have aroused widespread concern in the academic community. How to overcome the bottleneck and obstacle of innovation and regain the leading position is worth further study. 
        Resource integration includes not only the acquisition of external resources, but also the process of exporting the enterprise′s own resources. Because multi stakeholders participate in the open service innovation platform, the situation of resource integration is more complicated and dynamic. Thus, how to build innovation platform and obtain innovation resources has become an important issue for enterprises to realize open service innovation. What are the key elements of building a service innovation platform and how they affect innovation performance? These problems have not been clearly explained and effectively revealed. Accordingly, the aim of this work is to provide a better understanding of how to form service innovation platform, what are the key elements and how to impacts relationships into service innovation platform. We conduct qualitative research on four groups of cases by grounded theory, as outlined below. 
       In a research methodology section, we show how to selection case, and present case data collection process and encoding analysis, then report code analysis. The research problem of this paper comes from the analysis of the construction process of CE group′s open service innovation platform. CE group is building an open service innovation platform and has attracted many subjects to participate in this process, and has achieved some innovative results. The resource integration attribute is obvious, which is suitable for exploratory case study. The research team has conducted many in-depth communication and exchanges with the founders and senior managers of the case company to have a clear understanding of the process of building an open service innovation platform for the case company, and can obtain more first-hand and second-hand information.
        The case samples are core enterprises CE, connected enterprises E1, E2, E3, E4, and government G., the core enterprises connected enterprises matching method is divided into four groups of cases. The first-hand data were collected by semi-structured interview. The interviewees included case company founder, sales director, sales manager, technical director, etc. the interview time was about 2 hours. The second-hand data collection and sorting include the relevant reports on the official website, literature, newspapers, interview quotations of managers, industry information, etc. NVivo 11 qualitative analysis software was used to code and analyze the interview data. The coding procedure was based on technology, including open coding, spindle coding and selective coding. 
        This paper makes two aspects of analysis through coding based on grounded theory. We analysis on key elements of open service innovation platform, on the other hand, build a theoretical model of core enterprises′ open service innovation platform. This paper divides the key elements of open service innovation platform into basic elements and operation rule elements. The basic elements include action subject, action subject value proposition fit and innovation resource. The operation rule elements include innovation environment and platform governance rules.
        The research follows the internal logic of "connection-interaction-co-creation" to build a theoretical model of core enterprises′ open service innovation platform. We propose the formation of open service innovation platform starts from the conformity of the value proposition of the innovation subject. The core enterprises evaluate the resource attribute of the connected enterprises, and improve the performance of open service innovation through a series of behaviors such as resource connection, resource dissolution and resource flow. The combination of value proposition and subject resource attribute is the precondition of resource integration. It reveals the subdivision dimension of subject resource attribute: resource diversity and asset specificity. 
        In addition, three research propositions are put forward in this case study. Firstly, there are two types of resource integration for core enterprises to build an open service innovation platform: inward oriented and outward oriented, and different resource integration situations have different effects. In the context of inward oriented, more attention should be paid to functional fit when integrating superior resources, while in the integration of general resources focus on perceptual fit in the context of outward oriented. Secondly, in different situations of resource integration, core enterprises have different preferences for resource attribute evaluation of connecting actors. There are more attentions on the evaluation of the diversity of superior resources in the context of inward oriented, and in the outward oriented situation, it is more emphasis evaluate the asset specificity of general resources. Thirdly, the situation of resource integration has a different impact on the service innovation performance of core enterprises. Inward resource integration is easier to promote the gradual-element innovation performance, while outward resource integration is easier to promote the breakthrough innovation performance. This is an important theoretical aspect of our work that is a beneficial exploration and combination for the research of innovation platform and resource integration.
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    Research on the influence of dual-element innovation tendency on the performance of boundary-spanning technological M&As
    Wang Wanqiu, Zhang Xiaotian
    2022, 43(6): 142-151. 
    Abstract ( 98 )  
        With the rapid development of science and technology and cross-domain integration, various industries are generally faced with disruptive changes. The change of innovation environment not only causes anxieties about whether enterprises can maintain their competitive advantages, but also brings them new opportunities. More and more enterprises are increasingly aware that only through internal R&D, it is difficult to maintain sustainable innovation capability, so they seek for various ways to promote technological innovation. Therefore, innovation alliances, boundary-spanning search, technological M&A and other ways of knowledge exchange have been gradually generated. Among these external knowledge acquisition methods, boundary-spanning technological M&A, on the one hand, enables enterprises to break through the original organization and technical boundary, contact and obtain heterogeneous knowledge resources, and on the other hand it helps the enterprise to improve the existing knowledge base, which well responds to the need of enterprises to maintain competitive advantage under current fierce innovation situation. Data showing that recent years, boundary-spanning M&A become more and more active. As a strategic response for enterprises to adapt to the innovation environment of boundary-spanning technology integration, the wave of boundary-spanning M&A has come.
          Knowledge absorption after merger is the key to determine the performance of boundary-spanning technological M&A. Studies have found that there is indeed an interactive relationship between innovative tendency, innovation behavior after technology merger and its effect. In this way, under the background of boundary-spanning, will the differences in innovation tendency also have an impact on the absorption and integration of out-of-bounds technologies after M&A, and what kind of impact? At the same time, the effectiveness of post-merger technology integration decision is limited by the resource characteristics of the enterprise. Will the higher degree of technical asset specificity of the acquirer be adverse to the technology absorption after M&A because of the resistance caused by the transfer of assets purposes? Whether there a way to weaken this adverse effect? To answer above questions, based on the absorptive capacity theory and asset specificity theory, this paper puts the enterprise′s innovation tendency, technology asset specificity and internal & external innovation resource input into a unified framework, and explores the mechanism of the influence of the three factors on innovation performance after boundary-spanning technological M&A, so as to provide references for the relevant M&A decisions for enterprises.
         This paper takes the boundary-spanning technological M&A events of listed companies in China from 2007 to 2015 as samples. Through conditional filtering, 107 samples of boundary-spanning technological M&A events are finally obtained. As for method, this paper uses multiple regression analysis for empirical research.
         The conclusion contains three aspects. First, although enterprises engaged in boundary-spanning technological M&A tend to be more exploratory innovation, but exploitation innovation tendency is more conducive to promote the innovation performance after the merger; Secondly, the degree of specificity of existing technology assets weakens the positive impact of exploitative innovation tendency on innovation performance after merger. Thirdly, internal R&D and innovation cooperation with external institutions will both weaken the negative regulating effect of asset specificity on the exploitation innovation tendency and innovation performance. Compared with external cooperation, internal R&D investment has a better effect on alleviating the specificity of high-tech assets.
        The theoretical contributions of this paper mainly include the following points. First of all, it makes up for the lack of literature in the field of boundary-spanning technological M&A, and answers the question of enterprises with what kind of innovation tendency are more likely to obtain better innovation income through boundary-spanning technological M&A, providing theoretical support for the strategic planning and related decision-making. Secondly, our research extends the existing absorption capacity theory. On the one hand, from the perspective of innovation decision-making, this paper refines the influence of innovation tendency differences on technology absorption process, and embodies driving process and mechanism of enterprise strategy in the process of technology absorption in the theoretical framework of absorption capacity of Lane et al. On the other hand, it deepens the theory of absorptive capacity from the perspective of the characteristics of the knowledge to be absorbed. In the current theoretical framework of absorptive capacity, there are few detailed studies on different characteristics of knowledge. Based on the situation of knowledge integration after boundary-spanning technological M&A, this paper finds out the mechanism of enterprise innovation tendency in absorbing "out-of-bounds" knowledge. Thirdly, it enriches the asset specificity theory from the perspective of technical assets. At present, more researches on asset specificity continue Williamson′s five classifications and focus on the research on the specificity of physical assets in classification. By exploring the influence of technology asset specificity on enterprise innovation behavior, this paper fills in the blank area of asset specificity theory in the field of technology asset, and extends the asset specificity theory to the field of innovation decision-making.
    The findings of this paper have certain reference value for the decision of boundary-spanning technological M&A and the evaluation of such technology merger and acquisition events by stakeholders. There are mainly three aspects. First, it provides a systematic solution to the problems of how the innovation tendency of enterprises in the context of boundary-spanning technological merger influences innovation performance and how the specificity of existing technology assets affects the relationship mentioned above. It provides empirical evidence for the relevant decision-making of boundary-spanning technological M&A. Secondly, when conducting this type of technological M&A, enterprises should fully consider the impact of the current innovation tendency on the future knowledge absorption, evaluate whether the enterprises have the strategic environment to extract and integrate the "out-of-bounds" knowledge acquired in the mergers and acquisitions, and adjust the innovation tendency at the right time. Thirdly, the influence of technical asset specificity is inherent, but it should not be an obstacle to the boundary-spanning development of enterprises. In the process of absorbing and integrating the acquired knowledge, enterprises can increase innovation investment and innovation cooperation to offset some of the application inertia and resource locking effect caused by the excessive specificity of existing technical assets, so as to deal with the obstacle of the cross-border development of enterprises caused by the specificity of high-tech assets.
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    Research on the business model innovation path of content service——A case study by taking "Luo Ji′s Thought" as an example
    Ma Xiaomiao, Zhao Nan, Yin Pengfei, He Jinnian
    2022, 43(6): 152-159. 
    Abstract ( 130 )  
         Under the Internet environment, the knowledge content service is growing explosively, and the content service has become a hot phenomenon in social life, but meanwhile the content service enterprises are still facing with a series of problems, such as unclear business model, weak innovation and lack of benchmark guidance, and so on. At the same time, theories and practices have proved that business model innovation is the main factor to improve enterprise performance, which can not only help enterprises to take the lead in acquiring new customers and proactive advantages, but also promote enterprises to establish dynamic advantages that are difficult to imitate. However, compared with the fact that the business model has become a hot topic, the research on content service business model is still quite weak: on the one hand, the existing research mainly focuses on a few areas such as the profit model of We-media, elements of knowledge payment mode etc., and on the other hand, most of the studies are still limited to the general summary and interpretation of phenomena and experiences of content service, more systematic and in-depth researches on content service business model is urgently needed.
         As the successful forerunner of content service area, "Luo Ji′s Thought" has set up a model of business model innovation. Since its establishment, through experiencing many iterations and changes, Luo Ji′s Thought has accumulated rich experience in business model innovation, and its innovation practice shows high research value. By combining grounded theory and using the longitudinal case study method, this paper thoroughly analyzes the business model innovation path of Luo Ji′s Thought based on its three development stages, that is charismatic personality, content e-commerce and paid content aggregation, constructs its innovation path model from a systematic and dynamics perspective, and summarizes its success factors of innovation, so as to provide ideas and reference for the innovation practice of content service enterprises, and meet the development innovation needs of We-media practitioners, content entrepreneurs and content service industry.
        The specific research path of this paper includes open coding, spindle coding, selective coding, clustering the formed concept categories, and finally forming the theoretical model of "business model innovation path of Luo Ji′s Thought". When centering the leading logic of "business model innovation path", open coding of data is carried out, and 24 initial categories are obtained; by combining with the typical analysis model consisted of "conditions / causes → action / interaction strategies → results", "user center", "content improvement", "knowledge platform" and "iterative innovation" the four category elements of Luo Ji′s Thought innovation path is concluded, and the story line around the core category of its business model innovation path can be summarized as follows: based on "user center ", by means of "content improvement "and" knowledge platform ", business model innovation can be realized through continuous "iterative innovation ".Among them, "user center" plays a basic and guiding role in the business model innovation of Luo Ji′s Thought, and also provides the basic condition of "content improvement", "knowledge platform" and "iterative innovation". Only with the improvement of user experience and satisfaction, content products building, knowledge platform construction and enterprise′s innovation can be realized. "Content improvement" and "knowledge platform" provide the means to realize "user center" on the one hand, and on the other hand, they are complemented each other, and through the cooperative interaction between them to promote the innovation and development of Luo Ji′s Thought. "Iterative innovation" is a continuous process of discovering and integrating contradictions, and through this process the development path of business model emerges naturally. The business model innovation of Luo Ji′s Thought can be regarded as a sustainable accumulation of "iterative innovation", the former is the natural trend and result of the latter′s development to a certain extent.
        The main conclusions of this study are as follows: (1) As the main categories of business model innovation of Luo Ji′s Thought, "user center", "content improvement", "knowledge platform" and "iterative innovation" not only constitute a specific path framework but also summarize the successful elements of its business model innovation. (2) The business model innovation path of Luo Ji′s Thought includes and follows a logic mechanism composed of "oriented target", "basic condition" and "creation mechanism", which constructs a logic framework and organic system of business model innovation from a systematic and dynamic perspective, and is helpful for enterprises to grasp the innovation elements step by step and to realize innovation goals. (3) "User center", "content improvement", "knowledge platform" and "iterative innovation" interact synergistically and catalyze each other, it is their combined action that promotes the business mode innovation of Luo Ji′s Thought; four elements are also in holographic corresponding relations, any single element contains other elements directly or indirectly, and only by putting each element in the whole system they build together, the respective role and values of each element can be brought into full play. (4) The business mode innovation path of Luo Ji′s Thought is a whole system, and the path and system itself are also in a continuous process of iteration and development, just as "De Dao", although the knowledge platform is its definite business mode at present, but this model is still going through reforms and innovations. Like the evolution process of organisms, the development and innovation of business model is also an endless and continuous process.
         The successful practice of Luo Ji′s Thought provides unique enlightenments for the business model innovation of content service enterprises, and taking four core elements as reference, and considering their relationship comprehensively, will help to provide specific ideas and reference for business model innovation for enterprises: (1) Focusing on the users′ needs and experience, high-quality content will be output continuously, so as to meet the personalized, diversified and comprehensive knowledge needs of users, and maximize the user′s unit time harvest. (2) Insisting on "user center", high-quality knowledge content will be provided, value with quality will be created, and user adhesiveness with quality will be improved, so as to lay a good foundation for profit improvement of knowledge production. (3) Establishing knowledge community and knowledge platform, the participation and identity of platform members will be enhanced, and the iterative innovation of business model will be promoted by using the interaction, coordination and two-way circulation between high-quality content and knowledge platform. (4) Sticking to core values and getting rid of the bondages of stock and interests, the collision of all kinds of contradictions inside and outside the organization will be found and accelerated positively, so as to provide impetus and direction for the innovation and development of organizations.
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    Research on the evolution law and influence of patent knowledge absorption and diffusion
    Zhang Xue, Zhang Zhiqiang
    2022, 43(6): 160-169. 
    Abstract ( 198 )  
       The analysis of the evolution law of patent knowledge absorption and diffusion in the field of medicine in China and the influence of knowledge absorption on knowledge diffusion will help us select and absorb relevant resources quickly, provide data support for increasing the intensity of investment in basic research, and provide support for the strategy of integrating scientific and technological resources. This paper takes medicine, one of the six research fields classified by the National Bureau of Economic Research, as the research object, and 2326 patents and it′s cited 43822 patents and 35573 papers in the United States Patent and Trademark Office in the field of Chinese medicine from 2000 to 2014 as the data source. First, the trend of the absorption and diffusion of patent knowledge with time is analyzed; second, the 2000-2014 time period is divided into three five-year periods, the changes of mean value and standard deviation of each measurement index of knowledge absorption and diffusion in the three five-year periods is analyzed, and the multivariate analysis method of variance is used to determine whether each index is significantly different over time; finally, the knowledge absorption measure is used as the independent variable, the knowledge diffusion measure is used as the dependent variable, and zero-inflated negative binomial regression and multiple linear regression are used for statistical analysis. It provides data support for increasing the intensity of basic research investment, provides basis for the integration strategy of science and technology resources in China, and provides reference for the formulation of effective achievement transfer mechanism.
         The results show that (1) the absorption of patent knowledge increases year by year, it shows that more and more patented technologies refer to basic research knowledge and existing patented technologies in their research and development. But the diffusion of knowledge does not form a stable trend, it shows that although the number of patents in the field of medicine in China is increasing year by year, the quality of patents still needs to be strengthened; (2) the number, novelty, and knowledge components of patent literature absorbed by patents increase over time, but the quality of patent literature absorbed by patents declines over time. The numbers, knowledge components of paper literature absorbed by patents increase over time, and the novelty generally increases, but the quality of papers absorbed by patents also declines over time. The patent diffusion rate becomes faster, but the scope of diffusion becomes narrower and the diffusion intensity gradually weakens. Using Pillai′s trajectory, Wilks′ Lambda, Hotelling trajectory, and Roy′s maximum as test statistics, multivariate analysis of variance is used to compare whether the various measures of patent knowledge absorption and diffusion change significantly over time, the result show that the measurement indicators of knowledge absorption and diffusion are significantly different in different time periods; (3) the quantity and quality of patent literature knowledge absorption and the quality of paper literature knowledge absorption have a negative impact on patent knowledge diffusion. This is because unlike paper knowledge absorption, patent knowledge absorption is a product of competition between competitors for market share, while patents have novelty, so the more patents are absorbed, the greater the threat to the novelty of the patent. At the same time, learning basic research results will not immediately benefit, and will consume time and energy, so that its energy investment in technology development will be reduced, so it is not conducive to the validity of patents; (4) the absorption of paper knowledge components has a positive impact on patent knowledge diffusion. This is because if the number of knowledge components of papers in a patent absorption is more, which means that these papers cover a wider range of disciplines, then the patents that absorb these papers have a stronger knowledge base and innovation compared with other patents. Such a cycle may spread to other broader patents more quickly with a greater chance; (5) the number of absorbed papers is negatively correlated with the breadth and intensity of knowledge diffusion. This is because the more the number of absorption papers, the more time the inventors need to understand and absorb the knowledge, so the smaller the breadth and intensity of diffusion; (6) the absorbed patents knowledge components have a positive impact on the breadth of knowledge diffusion, but not with intensity and speed of knowledge diffusion, for reasons similar to the fourth point analysis above; (7) the novelty of knowledge absorption in papers and patents have no effect on the breadth, intensity and speed of knowledge diffusion. This is because knowledge diffusion does not require the timeliness of knowledge absorption. There are many classic papers published for a long time and patents with earlier publication date may be established technical achievements. 
        On the contrary, in recent years, the papers and patents have stood on the shoulders of giants and rely on more systematic and mature theoretical foundation and method technology, there may be more outstanding achievements, so the novelty of knowledge absorption has no significant impact on knowledge diffusion. Therefore, (1) the absorption of patent knowledge limits the scope of the right of new patents to a certain extent and weakens the novelty of new patents, so the quality of the patent itself cannot be judged solely by the quantity and quality of cited patents in the future; (2) it is more important to mine the tacit knowledge involved in the absorption of paper literature, and the absorption of explicit and tacit knowledge requires a lot of time and energy, so the impact of the quantity and quality of cited papers on the quality of patents needs to be observed and analyzed from a wider time window; (3) knowledge components represent the scope of patent technology and the scope of the disciplines of paper, in the context of interdisciplinary background, the more knowledge components are absorbed, the more new methods and technologies can be brought, which may break through the existing thinking patterns and technical limitations, and increase the possibility of technological innovation. Therefore, in the process of patent knowledge absorption, attention should be paid to the absorption of multi-technical scope and multi-disciplinary knowledge; (4) the diffusion of patent knowledge is not related to the timeliness of knowledge absorption, so it is not necessary to consider too much its novelty by referring to previous knowledge and technological achievements, as long as it can be used as the knowledge base and technology reserve of new invention, it can be used as a part of knowledge absorption.
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    The effect of media coverage on innovation investment: An empirical study based on the EVA appraisals of central government-owned enterprises
    Yang Jie, Deng Fenyi, Zhan Wenjie
    2022, 43(6): 170-177. 
    Abstract ( 119 )  
       Due to high risks and long period of innovation project, manager is reluctant on R&D expenditures, which may lead to the problem of management myopia. Literatures propose that there are two opposite effects of media report on management myopia. These two effects are reputation effect and pressure effect respectively. Although media report can regulate management myopia through the channel of reputation effect, empirical evidences indicate that market pressure caused by media results in the decrease of innovation investment. Compared to inside governance mechanism such as proper right and contract, media report, as well as law and financial market, is treated as outside governance mechanism. Under the background of transition economy, with the incomplete inside governance mechanism, researches indicate that outside governance mechanism plays an important role on agency problems. Compared with other outside governance mechanism, media report is more convenient for application. Thus, it is meaningful to investigate how media coverage can improve R&D expenses through the channel of reputation effect.
       We adopt the new performance appraisals (Economic Value Added, short for "EVA") of top management in "The Revision of Interim Measures for Business Performance Appraisals of Persons-in-Charge at Central Government-Owned Enterprises (CGOE)" in 2009 as a natural experiment to test the relationship between media coverage and R&D expenditures. With this experiment, we test the assumption that whether new EVA performance appraisal adopted in CGOE lessens short-term performance pressure of top management and increases the concerns of management on reputation, thus leads to the replacement of pressure effect by reputation effect on the relationship of media coverage and innovation investment. 
       The reform of performance appraisal is proposed by central government and out of control of corporate, which provides a good setting of exogenous experiment to test the assumption. The new appraisal is applied on CGOEs, which means that non-CGOEs can be treated as controlled group. With the adoption of the appraisal, net profit is replaced by EVA as the performance measure for top management of CGOEs. While R&D expenses are deducted from the calculation of net profit, in the calculation of EVA, R&D expenditures are added into the evaluation of corporate performance. Therefore, the adoption of new performance appraisal on CGOEs means that the expenditures in R&D will increase corporate performance. Accordingly, the change of performance appraisal decreases the short-term pressure on top management. 
        We obtain financial data of Chinese listed firms from CSMAR data base, and the data of R&D expenditures from WIND data base. The number of media coverage for each company is obtained with Baidu news searching machine. The data covers the period from 2007 to 2012. The statistics shows that the mean of R&D expenditures is significantly higher after 2010, that is, the year for CGOEs to adopt new appraisal. We also find that the improvement of the mean of R&D expenditures is driven by CGOEs, while there is no such an increase of the mean for non-CGOEs. The statistical numbers indicate that the adoption of EVA appraisal is positively related with R&D expenditures.
        Then we run regressions to test whether the positive relation between EVA appraisal and R&D expenditures is due to the reputation effect of media. The regression result indicates that before 2010, the number of media coverage is significantly negative with R&D expenditures, which is consistent with the pressure effect that media coverage decreases innovation. What′s more, there is no significant difference of the effect between CGOEs and non-CGOEs. However, after CGOEs adopts new EVA appraisal from 2010, media coverage is significantly positive with R&D expenditures, whereas for non-CGOEs, the relationship between media and R&D remains negative. 
        We then take a Chow test to investigate whether new appraisal on CGOEs causes the change of the relationship between media coverage and R&D expenditures. We find that for CGOEs, from 2010 there is a change of this relationship from significantly negative to significantly positive. However, there is no such a change for non-CGOEs. This result indicates that the adoption of EVA appraisal for CGOEs in 2010 lead to the change of the effect of media on R&D expenditures from negative pressure effect to positive reputation effect.
       We then use difference-in-difference approach to test the above change of media effect on innovation. We find that new appraisal on CGOEs improves R&D expenditures significantly. We also find that the positive effect of new appraisal on R&D expenditures is due to the positive effect of media coverage. The result indicates EVA appraisal on CGOE leads to the replacement of pressure effect by reputation effect of media. The result exhibits robustness with the concerns of omitted exogenous event at the same year, change of controlled group, placebo test and reversal causality.
       Finally, we divide the observations of CGOEs into two subsamples with the degree of marketization index. We find that with the adoption of new appraisal, the positive relationship between media coverage and innovation expenditures is more significant in the area with higher marketization. Because management reputation is more valuable in these areas, this finding is consistent with our assumption that the new appraisal on CGOEs reduces the short-term pressure of performance and thus leads to more concern of management on reputation.  
       Our finding reveals that as an outside governance mechanism, the role of media on management behavior is related with proper management incentives, such as EVA evaluation. On the other side, the effect of EVA evaluation on management agency problem is through the channel of informal mechanisms, which is media coverage in our analysis. Our finding is also helpful to further the understanding about media coverage and corporate governance. According to our finding, formal and informal mechanism should be jointly adopted to regulate agency problem. Our suggestions for the problem of agency behavior are as followings: (1) Deepen the reform of state-owned-enterprise and adopt right stimulus for management; (2) Strengthen the role of informal mechanism on corporate governance.
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    Official adjustment, achievement competition and technological innovation
    Du Boshi, Lyu Jian
    2022, 43(6): 178-185. 
    Abstract ( 135 )  
        The huge economic development has made China the world′s second largest economy, but its innovation ability has always been at a relatively low level. The mismatch between innovation ability and economic strength has made China "a big country with a large GDP and a small country with innovation". This forces us to think about the following question: Is there an internal connection between official adjustment and technological innovation? The relationship between official adjustment and technological innovation has received extensive attention from scholars at home and abroad in recent years. On the one hand, some scholars believe that official adjustment is not conducive to technological innovation. On the other hand, some scholars have suggested that official adjustment can promote technological innovation. So, this paper attempts to provide a more complete explanation of the impact of official adjustments on technological innovation. 
       The research object of this paper is to select the comprehensive technological innovation capabilities of the region. The level of officials chooses city officials (mayors). In terms of the measure of technological innovation, the number of patent application acceptance were selected. Zhou′s "Political Promotion Championship Theory" explains the Chinese official behavior well. Under the traditional system of taking GDP as the sole criterion for assessing performance, economic growth is the only way for local officials to achieve political promotion. Due to the pressure of promotion, local party and government officials have invested a lot of economic and administrative resources in industries such as infrastructure construction with short cycle and quick results, rather than non-economic public affairs with long cycles and slow effects, such as technology innovation. Therefore, it can be considered that official adjustment may have a certain inhibitory effect on local technological innovation. 
    When the government has a strong ability to intervene in the market economy, local officials have inextricable links with various economic entities, especially enterprises. At this time, the adjustment of officials will bring the following changes: First, it will break this long-established pattern of government-enterprise structure and network of interests, it requires a long time to rebuild political connections and cost a lot of economic costs. Innovation will be used by enterprises as an important strategy to cope with policy uncertainty, acquire and maintain core competitiveness. Second, it will break the original political structure and provide the possibility for those enterprises that have no political connection to obtain policy preferences and credit support, thereby creating more conditions for increasing corporate innovation investment. Third, due to differences in educational background, service experience, and personal preferences, newly appointed officials usually adopt new policies that are different from their predecessors. Fourth, technological innovation is an important factor in promoting regional economic growth and realizing the optimization and upgrading of the economic structure. Therefore, it is highly likely that officials will increase the investment in innovation to achieve the optimization and upgrading of the regional economic structure after adjusting to the new land. In addition, as the economy enters a new normal, technological innovation has gradually become a new important indicator of the performance evaluation of local officials. Therefore, under the dual incentives of politics and economy, local officials have a huge incentive to increase research investment in society and encourage technology innovation. In this regard, official adjustment is entirely possible to promote local technological innovation. 
       This paper fully considers the personal characteristics of officials such as age, nationality, education, tenure, and the influence of political and economic environments and regional differences. To this end, we construct the influence mechanism of officials adjustment to technological innovation, and put forward theoretical propositions for inspection. Furthermore, an empirical test was performed on the impact mechanism using a dynamic panel data model. Taking 26 cities in the Yangtze River Delta region as a sample, this paper builds a dynamic panel data model, comprehensively and systematically examine the impact of official adjustments on the scientific and technological innovation in the jurisdiction. The results of the study show that the adjustment of officials will help local technological innovation, and it has an expected effect. When the new mayor′s first degree is full-time undergraduate or non-native, the influence of official adjustment on technological innovation is more significant. When the new mayor is not nearing retirement, adjustment of officials has a greater role in promoting technological innovation; When the outgoing mayor is a long-term employee, the influence of adjustment of officials on technological innovation is more significant. Further research found that the role of official adjustment in promoting technological innovation mainly comes from the period of centralized change period; after entering the period of structural slowdown of the economy, the role of official adjustments in promoting technological innovation is even more pronounced. 
        Based on the conclusions of the study, this paper has made targeted policy recommendations in five areas. First, the exchange of cadres is an important way to realize the adjustment of officials. it should take the opportunity of centralized renewal, and use various forms to promote reasonable adjustment of officials; At the same time, it is necessary to maintain the relative stability of the cadre team, avoid large ingress and egress, and frequent adjustments. It is necessary to increase vitality through exchanges and maintain stability in an appropriate frequency. Second, we must work hard to break the "GDP-only" view of employment, and get rid of excessive reliance on GDP in the assessment of cadre exchange, fundamentally reverse the long-standing model of political performance competition. Third, improve government governance and official governance, comprehensively incorporate regional technological innovation capabilities into the official performance evaluation system, and promote the formation of a new concept of political performance and cadre communication. Fourth, further strengthen the exchange of officials, unblock the channels for cross-regional official exchanges, increase the proportion of inter-provincial exchanges of city-level cadres, and give play the role of cross-regional officials in promoting technological innovation in the adjustment. Fifth, when selecting and appointing officials, priority should be given to adjusting young and highly educated officials to areas with insufficient technological innovation capabilities or inadequate implementation of innovation-driven development strategies, giving play to their solid theory, advanced ideas and energetic advantages, and promoting local technological innovation.
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    Do technological entrepreneurs promote enterprise innovation?
    Li Yafei, Wang Fengrong, Li Anran
    2022, 43(6): 186-193. 
    Abstract ( 137 )  
       Technological entrepreneurs refer to the entrepreneurs who have research and development (R&D) technologies and can apply these technologies to firm innovation activities. Therefore, this paper regards the chairman with R&D working experience as a symbol of technological entrepreneur, and studies his impact on firm innovation. Since the State Council issued the National Outline of Medium- and Long-term Science and Technology Development Plan (2006-2020) in 2006, the rate of technological entrepreneurs in Chinese A-share listed companies has increased from 8.22% in 2008 to 23.90% in 2017, indicating that technological entrepreneur has become an important innovative force in these companies. In recent years, a large number of technical entrepreneurs have taken roots in firms and promoted continuous innovation. So, novel problem of this paper is that whether technological entrepreneurs can effectively allocate innovation resources and exert a positive impact on firm innovation. Addressing this issue has important reference value for improving the innovation support policies of enterprises and giving full play to the innovation leading role of technological entrepreneurs.
         The research issue of the influence of technological entrepreneurs on firm innovation is essentially a topic about how the manager′s personal characteristics affect the enterprise growth. Innovation is the key for enterprise growth and economic development, which is also a classic and hot topic in economic research. The existing literature has carried out a lot of research from the perspectives of government policy (such as economic policy uncertainty, innovation subsidy policy and innovation tax policy) and enterprise level factors (such as industry characteristics, corporate governance, financing constraints and pay gap). Recently, the research on personal characteristics of executives as influential factors of enterprise innovation has gradually become a hot research topic. Relevant studies have analyzed the impact of managers′ personal characteristics on firm innovation from the perspectives of military experience, pilot CEOs, academic experience, overconfidence and political connections, and found that the personal characteristics of executives are important factors for company innovation.
        These studies provide a good research basis for the research issue of this paper, but there are still some research gaps. First, although the existing literature has examined the impact of the personal characteristics of executives on firm innovation, the research about chairman is still less, to say nothing of the research about technological entrepreneurs on firm innovation. Second, although a few papers focus on the impact of the R&D working experience of executives on company innovation, these studies fail to deeply study the effectiveness of executives′ personal characteristics on the allocation of innovation resources. Third, most of the existing studies are based on the samples of developed countries but ignore the sample of developing countries. The enterprises in countries of economic transition such as China are facing more diverse economic objectives. The impact of executive individual characteristics on the allocation of innovation resources is also affected by the characteristics of enterprises, especially ownership. However, there are few papers to study this question from the perspective of enterprise ownership.
        Among the personal characteristics, the R&D working experience represents the innovative experience of manager. This paper innovatively studies the important role of individual experience in innovation from the perspective of technological entrepreneurs. Based on the financial data of Chinese A-share listed companies from 2008 to 2017 and the entrepreneur data collected by ourselves, this paper provides a finer-grained analysis of the relationship between technological entrepreneurs and firm innovation. It is found that technological entrepreneurs can significantly improve firm innovation output. After adding control variables and using instrumental variable, the conclusions still show that the R&D working experience of entrepreneur is very important in the process of enterprise innovation. To test the mechanisms underlying, this paper uses the Mediation Effect Models to check whether technological entrepreneurs can stimulate firm innovation by increasing innovation resources. The empirical results show that technological entrepreneurs increase the intensity of innovation subsidy and R&D expenditure, then further promote innovation output. Further evidences support that technological entrepreneurs only promote the innovation output of non-state-owned enterprises (non-SOEs), while those in state-owned enterprises (SOEs) fail to do so.
        The marginal contributions of this paper are mainly reflected in two aspects. First, this paper innovatively regards the R&D working experience of chairman as a symbol of technological entrepreneur and studies its impact on firm innovation. Our paper not only enriches the research of corporate innovation and entrepreneur innovation theories, but also expands the research horizon of High Echelon Theory. Second, this paper pays original attention to the influence of executives′ personal characteristics on the effectiveness of innovation resource allocation. Although some studies have found that the personal characteristics of executives are the influencing factors of firm innovation, there are few studies that focuses on the mechanisms of technological entrepreneurs′ effect on firm innovation from the perspective of innovation resource allocation. Particularly, we also find that the ownership of Chinese enterprises has heterogeneous effects on this issue.
        The enlightenments of this paper are: First, technological entrepreneur is an important actor that affects firm innovation. And it is also very important for firms to optimize the allocation of internal resources and external resources. Because technological entrepreneurs can improve the internal and external innovation environment of non-SOEs, and then promote firm innovations, non-SOEs should pay more attention to the introduction and cultivation of technological entrepreneurs. For SOEs, although technological entrepreneurs improve the R&D expenditures of enterprises, they do not promote the innovation output of firms, so SOEs should fully stimulate technological entrepreneurs to improve the efficiency of innovation resources. Second, the government should create an environment to encourage firm innovation and improve the policy system to cultivate the innovative spirit of entrepreneurs. Especially, the government should also implement more accurate fiscal incentive policies. In summary, we should give better play to the role of the government′s "support hand", support the formation of technological entrepreneurs, so that they play their role of innovation leading, and finally guide the innovative development of economy.
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    Leadership′s self-fulfilling prophecy of employee creativity from an intergenerational perspective
    Li Jiangjin, Liu Chunlin, Li Juexing
    2022, 43(6): 194-201. 
    Abstract ( 300 )  
        Creativity has received increasing attention across a variety of tasks, occupations and industries. Previous studies mainly focused on practical skills and behaviors to inspire leaders to boost employee creativity. Existing studies indicate that leaders should express their expectations for creativity through setting goals, providing resources, giving emotional and instrumental supports and other means. In spite of this, little attention was paid to the expectations of leaders for creativity. Enlightened by the ‘self-fulfilling prophecy’, this research put forward the first research question: ‘Will leaders’ expectations for employee creativity enhance their creativity effectively? If being proven to exist in the workplace, this ‘self-fulfilling prophecy’ can greatly expand theoretical boundaries to which it is applicable. Moreover, it is of great significance to the theoretical research and enterprise practice of leadership. 
        Another research question needing to be explored was: Will this ‘expectation effect’ be different when it comes to different groups in China? In order to achieve this aim, this research attempted to start from a generation gap. With the development of knowledge-based economy and the further progress of the reform and opening-up policy, post-80s and post-90s have become the new generations standing for the major force of organizations because of showing more willingness to embody personalities and shape themselves as distinctive. This research assumed that these specific psychological and behavioral characteristics owned by these groups enabled them to react differently to their perceptions of psychological empowerment induced by the expectations of the superior. 
       Data was collected from 484 employees working in 112 teams of a large enterprise located in six cities in some eastern coastal provinces of China. Each team was composed of non-Cenozoic members and members of the new generations like the post-80s or post-90s. Data collection contained three waves with an interval of two months. To begin with, participants were required to report their demographic information (such as age, gender, education as well as tenure in the team and organization), perceived organizational support and their perceptions of leaders′ expectations for their creativity. In the meantime, team supervisors were invited to report their trust in followers. Employees′ demographic variables, perceived organizational support and leaders′ trust in followers were treated as control variables in the following analyses. Participants assessed their psychological empowerment in the second wave, namely two months after time point 1. Team supervisors evaluated the creativity of their subordinates at time point 3 which was four months after time point 1. 
        SPSS 22.0 and Mplus 8.0 were adopted to estimate the hypothesized models. The hypotheses put forward in this study were all verified. (1) The results of hierarchical regression showed a positive and significant coefficient of the relationship between the leaders′ expectations for creativity and employee creativity (B= 0.146, p<0.05). (2) With the bootstrapping approach (1000 resamples) to test the mediation effect in Mplus, the results suggested that the mediation effect of psychological empowerment on the ‘expectation effect’ was significant (ind=-0.021, bias-corrected 95% CI=\[0.005, 0.053\], excluding 0). It showed that leaders′ expectations for employee creativity in the workplace were beneficial to the psychological empowerment of employees, thereby improving their creative performance. (3) Based on the analysis of the moderated path (with bootstrapping), it was found that the indirect effect of leaders′ expectations for creativity on employee creativity (through psychological empowerment, the mediator) could be moderated by intergenerational difference at the second stage. The difference of the indirect effect of ‘expectation effect’ through psychological empowerment reached a significant level (diff = 0.029, bias-corrected 95% CI=\[0.001, 0.081\], excluding 0). The results showed that the indirect effect would be stronger for the group of the new generations in comparison with the non-Cenozoic group. (4) In addition, a sub-sample analysis was carried out to further support the above conclusions. The results of sub-sample regression revealed that ‘expectation effect’ would have a greater impact on post-80s and post-90s groups (B=0.158,p.<0.05), but little impact on the non-Cenozoic group (B=0.098,p>0.05). 
        This research could come to two main important conclusions. First, the "self-fulfilling prophecy" of leaders′ expectations for employee creativity did exist in the work place. Second, the response of employees to superior′s expectations for creativity was intergenerational. The ‘expectation effect’ would be stronger for the post-80s and post-90s generations.
        The possible contributions of this research were as follows. Firstly, the results suggested that the expectation effect of leaders would be of great help to employee creativity, which enriched the research of antecedents on creativity. During the process, it was verified that the leaders could facilitate the creativity of employees by expressing their ‘expectations’. The inner mechanism was that leaders′ expectations for creativity would ignite the creativity of employees through enhancing the psychological empowerment of employees. Secondly, this research probed into different responses of different groups to leaders′ expectations and pointed out that this ‘expectation effect’ tended to be of more importance to the new generations. At present, it is a commonplace that different generations coexist in the workplaces. If catering to the new generations′ characteristic of ‘dynamic and potential enough to be creative’, leaders will take more effective actions to guide employees and cultivate their creativity. Thirdly, this research expanded the boundary to which the self-fulfilling prophecy theory was applicable. Traditional research relevant to self-fulfilling prophecy were mainly carried out under experimental conditions. Meanwhile, very few studies tested the impact of leaders′ expectations on the performance of employees in the workplace, while this research was designed according to the real expectations connected with self-fulfilling prophecy within organizations. In this research, ‘leaders’ expectations for the creativity of subordinates′ were not manipulated just like in the experiments, but some were real and reported by employees themselves. This research indicated the effect of self-fulfilling prophecy in the workplaces as what it was and provided powerful support for the possibility of its replicability in the field of creativity.
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    Influence mechanism of low-effort activities and leisure crafting on work engagement
    Liu Rongzhi, Fan Yaxin, Yang Yujie
    2022, 43(6): 202-208. 
    Abstract ( 235 )  
       People tend to have a richer material and cultural life, so leisure activities become more and more abundant. In addition, leisure activities can create "psychological availability" for employees to maintain work commitments and enable employees to obtain the physical, cognitive and emotional resources needed to achieve role performance. However, the prevailing "996" working system limits the positive impact of leisure on work, which leads to the unsustainability of human capital development. Therefore, it is necessary to explore the impact of leisure activities on work engagement, which helps enterprises to implement leisure time management, identify, screen and implement appropriate leisure projects, and help employees to use their leisure time more effectively and promote the sustainable use of human capital.
        It may be easily found from systematic review of related literature that leisure participation can indeed increase the work engagement of employees. However, the influence on work engagement is different between the individual′s low-effort activities characterized by high passivity and low resource consumption and the leisure crafting characterized by goal setting, interpersonal relationship construction, learning and personal development. In other words, different types of leisure activities have different effects on job engagement. However, previous studies have not compared the impact of various types of leisure activities, and unclear classification standards also lead to many types of leisure activities being ignored.
       According to the conservation of resources theory, people will try their best to maintain, protect and accumulate various resources. Work needs a lot of resources. Individuals can supplement resources by temporarily reducing pressure sources, or invest other resources to obtain new resources, and then put into a new round of work in a full state. According to the psychological conditions of personal engagement at work, the extent to which employees bring themselves into work roles is affected by three psychological conditions, which are psychological meaning, psychological security and psychological availability, leisure participation can enhance the psychological availability of employees. This paper explores the mediating effects of recovery experience in the relationship between leisure activities and employees′ work engagement, and the moderating role of career development pressures in it. Based on the consumption of leisure activities on the individual′s physical and mental resources and the motivation for leisure participation, it distinguishes between two types of leisure methods of low-effort activities and leisure crafting, and explores the significance of low-effort activities and leisure crafting for work engagement. 
        Based on relevant theories, this study puts forward research hypotheses and theoretical models, and selects a scale with good reliability and validity to conduct a questionnaire survey on 232 employees from Chinese companies in Wuhan, Beijing, Shanghai, Guangzhou and other regions. A total of 265 questionnaires were collected, remove 33 questionnaires with obvious problems, and 232 valid questionnaires were finally obtained. Then through SPSS 22.0, Amos 23.0 and Mplus7.0 software to analyze the data, through the intermediary effect test, regression analysis and adjustment test, the results show that: first, low-effort activities and leisure crafting can help to improve the work engagement of employees, and leisure crafting can improve the work engagement of employees more than low-effort activities. Second, recovery experience plays an intermediary role in the low-effort activities and leisure crafting the positive relationship to work engagement, but the ultimate recovery effect of employees depends on how much recovery experience can be brought by leisure activities. Third, the mediated effects of low-effort activities and leisure crafting on work engagement is moderated by the employees′ career development stressors.
       There are three main theoretical contributions of this study: First, this paper confirms the positive correlation between leisure participation and work engagement, enriching the research on the relationship between leisure and professional happiness. Furthermore, this paper integrates the perspective of hedonism and self-determination of leisure study, and explores the leisure ways that are more conducive to improving professional happiness. Previous studies have suggested that "hedonism" and "self-determination" are different in the importance of happiness. This study further proves that there are differences in the effectiveness of these two different motivation-driven leisure styles on work engagement. At last, this paper enriches the study of the interactions between the psychological conditions of work engagement. The recovery path of leisure mainly plays a role by increasing the "psychological availability" of work engagement. This study found that career development pressure will affect the "psychological sense" of work, and this psychological condition has also been proved to be the most effective psychological condition for predicting work engagement.
        In general,this paper reached some valuable conclusions but there were still some limitations to be improved as follows: Firstly, this research uses a cross-sectional research design. Because the data of each variable collected at the same time, there may have common variance biases and other problems, we can use multi time point data collection design in the future, which can be used to better explore the robustness of causal effect and avoid the potential impact of common variance. Secondly, the exploration of leisure can be integrated with economics. From the perspective of sociology, management and organizational behavior, and explore the leisure lifestyle scale in Chinese context. Thirdly, this paper emphasizes the motivation of leisure participation. In the future, the research can explore whether these characteristics affect the recovery effect of leisure participation from the aspects of leisure quality and leisure satisfaction. At last, we can explore the influence of family on individual recovery process in the future.
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