Innovation is a process results in new products, methods of production and forms of business organization. Innovation can vastly improve the welfare of consumers, investors, firms and the economy. However, there is re...Innovation is a process results in new products, methods of production and forms of business organization. Innovation can vastly improve the welfare of consumers, investors, firms and the economy. However, there is relatively limited evidence of how corporate governance affects corporate innovation. In this study, the author theoretically demonstrates how internal governance mechanisms interact to affect innovation, such as internal control, monitoring and compensation contracts. Governance mechanisms are determined by firm characteristics. The ＂best＂ governance structures that can be adopted universally do not exist. However, innovative firms often share similar characteristics, and they adopt similar governance mechanisms to facilitate innovation. The ultimate purpose of such internal governance mechanism that facilitates innovation is to prevent managers＇ myopia, and this paper concludes 5 different roles in internal governance mechanism that facilitate corporate innovation behavior.展开更多
This work studies entry and technology transfer in a Cournot model where there are two domestic firms. A foreign firm has a patent on a technological innovation that reduces the costs of all firms. The foreign firm ca...This work studies entry and technology transfer in a Cournot model where there are two domestic firms. A foreign firm has a patent on a technological innovation that reduces the costs of all firms. The foreign firm can license the innovation to one or both domestic firms. The authors consider two standard licensing policies： （1） auction policy and （2） unit royalty policy. The foreign firm can license the innovation either by staying outside the domestic market, or it can enter the market, license the innovation and compete with the domestic firms. The authors show that （1） when the foreign firm stays outside, it is never optimal for it to use royalties, （2） if it licenses the innovation by entering the industry, then royalties could be optimal and （3） when it decides on its entry strategy by taking its optimal licensing policies into account, it always finds it optimal to enter the domestic market.展开更多
On the basis of analysis to the operating characteristics of SMEs, the paper pointed out： There is poor access to finance, lack of internal control systems, accounting foundation work is weak, financial Management In...On the basis of analysis to the operating characteristics of SMEs, the paper pointed out： There is poor access to finance, lack of internal control systems, accounting foundation work is weak, financial Management Information Building and other issues in the financial management of SMEs.This paper proposes measures for SMEs to create a favorable policy environment and services, conduct financial system innovation, emphasis on financial innovation and incentives talents, network management, and establish relevant financial penalties supervision system.展开更多
This study measured the level of innovation achievement protection and the degree of internal structural upgrading of the productive service industry in 28 provinces of China from 2000 to 2022.Exploratory spatial anal...This study measured the level of innovation achievement protection and the degree of internal structural upgrading of the productive service industry in 28 provinces of China from 2000 to 2022.Exploratory spatial analysis methods were used to test the spatial correlation between the two variables,and the spatial impact of innovation achievement protection on the optimization of the internal structure of the productive service industry was examined at the national and sectoral levels.The results showed three main aspects of this system.(1)The agglomeration level of innovation achievement protection and internal structure optimization of the productive service industry between regions in China continued to increase during the sample period,and there was a clear similarity and synchronicity in the spatial evolution of the two variables.(2)The overall improvement in the protection level of innovative achievements is conducive to promoting the internal structural upgrading of China’s productive service industry.However,there are significant differences in the degree to which the protection of innovative achievements affects the internal structural upgrading of the productive service industry in the four major regions of the East,Central,Northeast,and West.The protection of innovative achievements in the East and Central regions significantly promotes the internal structural optimization of the productive service industry,while this effect is not significant in the western and northeastern regions.(3)The results of the robustness test indicate that the impact of internal structural upgrading of the productive service industry in the previous year on the level of innovation achievement protection is not significant.The interference from abnormal values of the internal structural upgrading of the productive service industry in various regions and the influence of municipalities directly under the central government on the regression results are not significant.After replacing the main variable,the coefficient of the innovation achievement protection level remained significantly positive.The conclusions of this study supplement and improve the theory of innovation achievement protection and industrial transformation and upgrading,providing decision-making support for improving the level of innovation achievement protection and promoting the internal structural upgrading of the productive service industries in China.展开更多
文摘Innovation is a process results in new products, methods of production and forms of business organization. Innovation can vastly improve the welfare of consumers, investors, firms and the economy. However, there is relatively limited evidence of how corporate governance affects corporate innovation. In this study, the author theoretically demonstrates how internal governance mechanisms interact to affect innovation, such as internal control, monitoring and compensation contracts. Governance mechanisms are determined by firm characteristics. The ＂best＂ governance structures that can be adopted universally do not exist. However, innovative firms often share similar characteristics, and they adopt similar governance mechanisms to facilitate innovation. The ultimate purpose of such internal governance mechanism that facilitates innovation is to prevent managers＇ myopia, and this paper concludes 5 different roles in internal governance mechanism that facilitate corporate innovation behavior.
文摘This work studies entry and technology transfer in a Cournot model where there are two domestic firms. A foreign firm has a patent on a technological innovation that reduces the costs of all firms. The foreign firm can license the innovation to one or both domestic firms. The authors consider two standard licensing policies： （1） auction policy and （2） unit royalty policy. The foreign firm can license the innovation either by staying outside the domestic market, or it can enter the market, license the innovation and compete with the domestic firms. The authors show that （1） when the foreign firm stays outside, it is never optimal for it to use royalties, （2） if it licenses the innovation by entering the industry, then royalties could be optimal and （3） when it decides on its entry strategy by taking its optimal licensing policies into account, it always finds it optimal to enter the domestic market.
文摘On the basis of analysis to the operating characteristics of SMEs, the paper pointed out： There is poor access to finance, lack of internal control systems, accounting foundation work is weak, financial Management Information Building and other issues in the financial management of SMEs.This paper proposes measures for SMEs to create a favorable policy environment and services, conduct financial system innovation, emphasis on financial innovation and incentives talents, network management, and establish relevant financial penalties supervision system.
基金The National Social Science Foundation of China(23BJL091)。
文摘This study measured the level of innovation achievement protection and the degree of internal structural upgrading of the productive service industry in 28 provinces of China from 2000 to 2022.Exploratory spatial analysis methods were used to test the spatial correlation between the two variables,and the spatial impact of innovation achievement protection on the optimization of the internal structure of the productive service industry was examined at the national and sectoral levels.The results showed three main aspects of this system.(1)The agglomeration level of innovation achievement protection and internal structure optimization of the productive service industry between regions in China continued to increase during the sample period,and there was a clear similarity and synchronicity in the spatial evolution of the two variables.(2)The overall improvement in the protection level of innovative achievements is conducive to promoting the internal structural upgrading of China’s productive service industry.However,there are significant differences in the degree to which the protection of innovative achievements affects the internal structural upgrading of the productive service industry in the four major regions of the East,Central,Northeast,and West.The protection of innovative achievements in the East and Central regions significantly promotes the internal structural optimization of the productive service industry,while this effect is not significant in the western and northeastern regions.(3)The results of the robustness test indicate that the impact of internal structural upgrading of the productive service industry in the previous year on the level of innovation achievement protection is not significant.The interference from abnormal values of the internal structural upgrading of the productive service industry in various regions and the influence of municipalities directly under the central government on the regression results are not significant.After replacing the main variable,the coefficient of the innovation achievement protection level remained significantly positive.The conclusions of this study supplement and improve the theory of innovation achievement protection and industrial transformation and upgrading,providing decision-making support for improving the level of innovation achievement protection and promoting the internal structural upgrading of the productive service industries in China.
