Innovation and Firm Co-ownership Network in China’s Electric Vehicle Industry

Firms are embedded in complex networks,where diverse ideas combine and generate new ideas.Shareholders of firms are of-ten seen as critical external resources that have significant influence on firm innovation.The current literature tends to focus on the rela-tionship between firms and their shareholders,while paying less attention to the connections between firms with the same shareholders.This article identifies two types of network spillover effects,intra-city network effect and inter-city network effect,by visualizing the co-ownership networks in China’s electric vehicle(EV)industry.We find that firms with the same shareholders,which are defined as co-owned EV firms,are more innovative than non-co-owned ones.Furthermore,there are two dominant types of firm co-ownership ties formed by corporate and financial institution shareholders.While corporate shareholders help exploiting local tacit knowledge,financial institutions are more active in bridging inter-city connections.The conclusion is confirmed at both firm and city levels.This paper theor-izes the firm co-ownership network as a new form of institutional proximity and tested the result empirically.For policy consideration,we have emphasized the importance of building formal or informal inter-firm network,and the government should further enhance the knowledge flow channel by institutional construction.

Resource constraints and firm innovation:When less is more?

This paper explores the relationship between resource constraints and innovation of new firms.Drawing upon the relevant literature,we incorporate resource constraints as the antecedent to the bricolage-innovation link.Compared to prior studies that treated resource constraints as a one-dimensional variable,we operationalize it along two dimensions:knowledge constraints and financial constraints.Our argument posits that knowledge constraints and financial constraints act as catalysts for innovation in new firms,with bricolage serving as a mediating role.To test our hypotheses,we conducted a survey involving 183 entrepreneurs in the United States.The data analysis demonstrates that bricolage fully mediates the relationship between knowledge con‐straints and innovation and partially mediates the relationship between financial constraints and innovation.Theoretical and practical implications are discussed.

Regional Innovation Policies for High-Technology Firms： The Importance of the Cluster Life Cycle

The present work makes an in-depth analysis of an aspect not yet sufficiently examined by the studies into regional innovation systems, relating to why the policy makers must adopt regional innovation policies in accordance with the development cycle of the active clusters in the territory. The analysis carried out in the course of the work contributes towards understanding the validity of an evolutionary-type development model for which the regional innovation policies for the growth of high-tech firms should dynamically change in relation to the various cluster stages. The development model proposed provides a framework for the policy makers in order to state more efficiently through time the regional innovation strategies.

An Empirical Study on the Impact of R＆D Investment and Employee Involvement on Innovation Commercialization： Evidence from IT Firms in China

Using a sample of 126 firms in Chinese IT industry, we developed an empirical model which tests the impact of R＆D investment and employee involvement （El） on innovation commercialization. The results showed that the expenditure of R＆D has a positive effect on performance of innovation commercialization, while the number of R＆D staff has trivial impact on that. The results also revealed that E1 has no direct effect on commercialization performance, but plays a moderating role in the effect of R＆D investment on commercialization of innovation. More specifically, the R＆D expenditure of a finn with high involvement system has a less positive impact on the number of new products, but a more positive effect on the profit of new products.

High-Speed Railway and Firm Innovation:Evidence from DID Method

With the launch of high-speed railways as a natural experiment,this paper finds that firms along the route became much more innovative after a high-speed railway was put into use,as reflected by the robust growth in patent licenses and applications,especially invention patents.From a dynamic view,high-speed railways’effects on firm patents increased over the years with a one-year lag in the effect on patent licenses relative to the effect on patent applications.This lag of impact reflects the normal cycle of firm innovation.Furthermore,our survey on the employees’education level at firms along the route verified that the inflow of skilled workforce helped firms innovate.After a high-speed railway was put into service,firms along the route saw a sharp rise in the percentage of college-educated personnel,most of whom were employed at technical positions.Highspeed railways contributed more to the innovation output of firms in medium-sized and large cities and within innovation-oriented firms.This paper has enriched relevant research on the drivers of firm innovation and the economics of high-speed railways.

Firm Size, Innovation and Vertical Integration Incentives： The Case of Food Supply Chain

This study aims to investigate and explore the relationship between vertical integration and the firm＇s innovativeness in food supply chain. For doing so, a two-stage least-squares model was used. It encompassed instrumental variables that attempt to describe the effective determinants of firm＇s vertical integration willingness. Results based on data concerning a set of 130 food-manufacturing firms, highlighted that vertical integration of a firm is strongly affected by internal incentives such as innovation rate and firm size. Moreover, it is simultaneously influenced by the economies of scale and some structure incentives. To conclude, results indicate globally that important and statistically significant differences exist across the studied firms and the small effective ones which acquire a high level of vertical integration.

Effects of China’s Manufacturing Exports on Firm Innovation in the US

Based on the market segmentation theory,this paper employed data on China-US trade and firm R&D,innovation and TFP to investigate the long-term effects of China’s manufacturing exports on firm innovation in the US from an heterogeneity perspective,and tested the underlying mechanism.The authors found that in the long run,China’s manufacturing exports had to some extent increased manufacturing firm innovation in the US.The effect is highly heterogeneous across various manufacturing sectors.While Chinese exports affect the innovation output of non-core manufacturing firms in the US,they did little on the innovation of core manufacturing firms in the US.In the long run,the cumulative R&D input of core manufacturing firms in the US has not decreased significantly,and factors of production had migrated from non-core to core manufacturing sectors.Such a reallocation of production factors has increased specialization and overall innovation output from US manufacturing firms.By demonstrating that the rise of developing countries is consistent with the theory of comparative advantages,this paper refutes the“China threat”narrative touted by some developed countries,and provides scientific basis for rational resource allocation and international division of labor.

Relationship Between Firm’s Social Capital and Innovation Performance:A Meta-Analysis

Despite a surge of studies examining the impact of firm’s social capital on the innovation performance,empirical research shows controversial results.To resolve this problem,this paper conducted a meta-analysis to restudy the relationship between firm’s social capital and innovation performance based on the empirical research results of 63 independent samples.This paper also identified some moderators affecting this relationship.The results indicated that the firm’s social capital-innovation performance link was positive and significant(r=0.363),and the age of the firm and the cultural context affected the impact of social capital on innovation performance to a large extent.Based on these findings,this paper developed recommendations for future research.

Could Innovation be Driven by Globalization？

This paper examines the critical role of globalization as a driver for innovation. The introduction of the global strategy quadruple model truly links the three known strategy perspectives （namely, industry competition, resources and institution views） and performance. The model could assist in advancing the cause of sustainable competitive advantages. This study could assist scholars in addressing the three important research questions： （1） Why are some finns more innovative than others？ （2） What effects do product, firm, industry, and market innovativeness have on business performance？ and （3） Does the link between innovativeness and business performance depend on all or some of the innovativeness factors of product, firm, industry, and market？ The presented set of four hypotheses, when tested, will result in a better understanding of the links and relationships among a firm＇s global strategy, innovativeness, and business performance. The quadruple model presented can be used to examine these relationships in general and in the context of innovation. It is anticipated that this paper will assist researchers, business management, and analysts in developing global innovation strategies.

Does Innovation Drive Sustainable Competitive Advantages？

This paper examines the critical role of innovations as a driver for sustainable competitive advantages. A quadruple model of global strategy is introduced. The model is based on the introduction of an innovation-based perspective of strategy. This is in addition to the other three but well-known perspectives of global strategy （industry-based, resource-based, and institution-based views）. Thus, the four perspectives of strategy could lead a complete set of factors that need to be analyzed for the formulation of global strategy. The model could assist organizations in sustaining their competitive advantages. It is proposed that the introduction of the innovation-based view represents the fourth perspective of a strategy quadruple, thus overcoming a long-standing criticism, namely, the global strategy may lack adequate attention to innovation in developing a firms＇ global competitive strategies. This paper presents a set of four hypotheses. When tested, these hypotheses could result in a better understanding of the link between the innovation and the global strategy domain. Furthermore, the quadruple model could be useful in understanding the relationship between innovativeness and business performance. It is anticipated that this paper could assist researchers, business management, and analysts in developing global innovation strategies.

Anatomy of the 3D Innovation Production With the Cobb-Douglas Specification

This paper focuses on verifying the relevance of two theoretical propositions and related empirical investigation about the relationship between creativity and entrepreneurship. It draws upon a creativity process that considers three ＂dimensions＂ or ＂disciplines＂ （3D） critical for creative organizations--within discipline expertise, out of discipline knowledge, and a disciplined creative process. The paper first explores the Cobb-Douglas production function as a relevant tool for modeling the 3D creative process. The next part discusses the 3D process as a production function, which is modeled following the well-known Cobb-Douglas specification. Last, the paper offers implications for future research on disciplined creativity/innovation as a method of improving organizations＇ creative performance. The modeling shows that labor and investment can readily enter into the 3D creativity process as inputs. These two inputs are meaningful in explaining where innovation outputs come from and how they can be measured, with a reasonable theoretical decomposition. It is not true that the more capital investments in the creativity process, the better the level of innovation production, but firm＇s human resource management and expenditures should pay attention to optimal levels of capital and labor stocks, in a combination that helps reach highest possible innovation output.

Technological Intensity of Sectors,Size of the Firms and Competencies of Network Evidence from French Industrial Firms

The aim of this article is to stress the importance of competencies to build network in the innovation process. Innovation is not only R＆D but is often supporting by networks and relations that differ according to the size of the firm and the sector. We propose an empirical analysis, based on logit model, for French industrial firms. It appears that size and technological intensity of the sector affect positively the detention of networking competencies.

Identifying Spatial Heterogeneity in the Effects of High-Tech Firm Density on Housing Prices:Evidence from Guangdong-Hong Kong-Macao Greater Bay Area,China

Innovation capitalization is a new concept in innovation geography research.Extant research on a city scale has proven that innovation is an important factor affecting housing prices and verified that innovation has a capitalization effect.However,few studies investigate the spatial heterogeneity of innovation capitalization.Thus,case verification at the urban agglomeration scale is needed.Therefore,this study proposes a theoretical framework for the spatial heterogeneity of innovation capitalization at the urban agglomeration scale.Examining the Guangdong-Hong Kong-Macao Greater Bay Area(GHMGBA),China as a case study,the study investigated the spatial heterogeneity of the influence of high-tech firms,representing innovation,on housing prices.This work verified the spatial heterogeneity of innovation capitalization.The study constructed a data set influencing housing prices,comprising 11 factors in 5 categories(high-tech firms,convenience of living facilities,built environment,the natural environment,and the fundamentals of the districts)for 419 subdistricts in the GHMGBA.On the global scale,the study finds that high-tech firms have a significant and positive influence on housing prices,with the housing price increasing by 0.0156%when high-tech firm density increases by 1%.Furthermore,a semi-geographically weighted regression(SGWR)analysis shows that the influence of high-tech firms on housing prices has spatial heterogeneity.The areas where high-tech firms have a significant and positive influence on housing prices are mainly in the GuangzhouFoshan metropolitan area,western Shenzhen-Dongguan,north-central Zhongshan-Nansha district,and Guangzhou—all areas with densely distributed high-tech firms.These results confirm the spatial heterogeneity of innovation capitalization and the need for further discussion of its scale and spatial limitations.The study offers implications for relevant GHMGBA administrative authorities for spatially differentiated development strategies and housing policies that consider the role of innovation in successful urban development.

创新对企业MD&A叙述性信息披露策略的影响

研发和创新具有投入高、周期长和不确定性高的特征,这使得高创新企业面临较低的透明度和较高的专有成本。一方面为了满足投资者决策需要,防止信息不对称所导致的价值低估,企业有动机提供更多信息;另一方面创新所伴有的专有成本,又使得企业存在专有信息被现有和潜在竞争对手获取的顾虑,从而选择提供模糊信息的披露策略。本文利用2001—2019年A股上市公司数据,检验了企业创新对MD&A叙述性信息披露策略的影响。研究结果表明,随着企业创新的增加,企业叙述性信息披露的信息含量上升(文本相似度显著下降),但是披露的信息质量下降(文本可读性显著降低)。该结果说明管理层既希望向投资者传递更多信息,又担心来自竞争对手的威胁,即管理层会选择释放更多的叙述性信息并模糊表达。上述结果存在于行业竞争更激烈、融资约束程度较高和高管持股比例较高的情况下。本文结论对知识产权信息披露与管理层披露策略选择具有一定的借鉴意义。

双创时代背景下构建创新教育生态圈培育实践创新型康复人才的探索

康复是一门多学科交叉的新兴应用型学科,康复从业人员掌握理论知识的同时,更需注重实践运用和综合创新能力的培养,而康复高等教育是培养康复专业人才的基本途径。此文分析了“双创”时代背景下,强化培养康复专业大学生实践创新能力的必要性与存在的问题;探索构建“创新教育生态圈”,培养具有较强实践能力及创新性思维的实践创新型康复专业人才,旨在为构建培养符合时代要求、符合行业需要、符合学生发展的实践创新型康复专业人才的实践模式提供参考。

大数据驱动的企业与用户互动创新:理论框架与前沿课题

大数据驱动的企业与用户互动创新已成为企业洞察市场和用户动态、提升创新敏捷性和适应性的重要模式,其关键因素和作用机制日益成为创新、营销和信息系统等领域的热点议题。结合系统性综述设计和关键词共现分析,梳理大数据情境下企业与用户互动创新的研究洞见。针对情境和工具如何影响领先用户与普通用户关系及二者的相互作用机制两个研究缺口,提出大数据驱动的企业与用户互动创新“条件—路径—绩效”理论框架。依据该理论框架,结合文献和案例证据,重点阐述在什么情境和工具条件下企业与领先用户、普通用户以何种互动创新路径影响创新产品和大数据合作资产,由此形成理论创新。分析结果表明,互动创新路径选择本质是在异质性情境和工具条件下,企业在创新新颖性—泛用性以及数据分析成本—收益之间的动态权衡;两类创新路径的动态变化由互动创新工具成熟度、创新主导权的变更所触发。最后,进一步提炼出大数据驱动的企业与用户互动创新理论研究的三类前沿课题,并讨论其理论和实践意义。

信息技术与企业绩效:知识管理能力与商业模式创新的链式中介作用

信息化时代背景下,企业可以通过先进的信息技术提高管理能力与组织绩效。基于资源基础观和动态能力理论,依循“资源—能力—绩效”的逻辑,以知识管理能力和商业模式创新为中介,探讨信息技术对企业绩效的影响机理。以创新型企业为研究对象,采用问卷调查法收集297份样本数据,并运用偏最小二乘结构方程模型和模糊集定性比较分析方法进行实证检验。结果表明,信息技术对知识管理能力和企业绩效的正向直接效应均显著,知识管理能力对商业模式创新、商业模式创新对企业绩效的正向直接效应均显著,且商业模式创新与知识管理能力在信息技术对企业绩效的正向影响中发挥链式中介作用;企业实现高水平绩效存在3种组态,也间接证实知识管理能力与商业模式创新在信息技术与企业绩效之间存在链式中介效应。研究有助于增进对信息技术与企业绩效间作用关系的理解,丰富资源基础观与动态能力理论,进而为创新型企业可持续成长提供路径指引。

政府资助、环境规制与绿色技术创新:基于企业异质性的比较

基于我国2009—2021年沪深A股上市公司的数据,实证检验了政府资助对企业绿色创新的影响,并验证了环境规制的调节效应,同时基于企业异质性分析该效应的差异。结果显示:政府资助对企业绿色创新存在U形影响,环境规制会削弱该影响;政府资助显著促进非重污染企业的绿色创新,而对重污染企业绿色创新存在U形影响,环境规制会削弱政府资助对重污染企业的U形影响;无论国有还是非国有企业,环境规制正向调节政府资助对企业绿色创新的影响,且对非国有企业调节作用更强。据此,政府在加大对企业绿色创新支持力度的同时,应该结合环境监管政策,采取差异化的资助措施,重在引导企业以追求低碳化目标为导向积极开展绿色创新。

会计师事务所行业专门化对企业创新的影响研究

以我国A股2007-2020年上市公司为样本,实证检验了会计师事务所行业专门化对企业创新的影响。研究结果证实,会计师事务所行业专门化显著促进了企业创新,表现为专利数量和专利质量的提升,这种促进作用主要通过缓解融资约束和抑制研发操纵的渠道实现。进一步研究发现,会计师事务所行业专门化对企业创新的激励效应在外部融资依赖程度高、内部治理水平差、市场竞争度低的企业表现得更加明显。同时,会计师事务所行业专门化通过促进企业创新推动了企业高质量发展。研究结论对加强资本市场中介机构职能化及专业化建设,服务国家创新驱动发展战略提供了经验支持。

新《环境保护法》实施对产能过剩的影响研究

产能过剩已成为阻碍中国经济高质量发展的深层次问题。以沪深A股上市公司为研究对象,考察新《环境保护法》实施对产能过剩的影响。研究发现:新《环境保护法》实施缓解了企业产能过剩,且新《环境保护法》实施对产能过剩的影响,在大型企业、机构投资者持股比例较高和市场化程度高的样本中更为显著;新《环境保护法》通过促进企业技术创新和抑制过度投资影响产能过剩;新《环境保护法》实施可以通过缓解产能过剩,提升企业长期价值,而不能提升企业短期价值。