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Chinese Journal of Management
2021 Vol.18 Issue.2
Published 2021-02-01
159
Research on the Strategic Change Practice of COFCO under the Leadership of NING Gaoning
SU Yong,WANG Fenfen,CHEN Wansi
Using the longitudinal case study method, this paper analyzes the application and the mechanism of a specific management practice, which named “team learning” in the process of strategic change of COFCO under the leadership of NING Gaoning, with in-depth description from the perspective of strategic practice theory. The results show that although “team learning” originates from the western concept of action learning, it has been localized and innovatively applied in the process of strategic change of COFCO. And NING Gaoning, as the top manager, has played an important role in promoting the successful practice in COFCO with his management philosophy and thought of “People-oriented, Combination of Thought Guidance and Action Practice”. In addition, the successful practice of this method is also closely related to specific organizational situational factors. This research enriches and develops the viewpoint of “strategy as practice” school on the theoretical level, and presents a new perspective for enterprise managers to understand and view the daily organizational practice related to strategy.
2021 Vol. 18 (2): 159- [
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The Development Trends in Human Resource Management in Chinese Enterprises——From a Perspective of Human Capital
WEI Danxia,ZHAO Yixuan,ZHAO Shuming
Based on the description of Industrial 4.0, gig economy, sharing economy, sharing employee and changes in the labor market, this paper analyzes the important role of human capital management in these new environments. We concluded that the human resource management focusing on promoting human capital of Chinese enterprises is confronted by the following development trends: localization mode, intelligent function, precise efficiency and experiencing practice. Finally, in view of the above trends, the paper proposes that government should support through targeted policies and enterprises should maximize the value of their human capital. At the same time, employees should also make efforts to enhance their own sustainable human capital.
2021 Vol. 18 (2): 171- [
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180
Trust Transition and Network Innovation Driven by Dual Empowerment：Longitudinal Case Study Based on HUITONGDA from 2010 to 2019
LIU Xiangdong,LIU Yushi
This study conducts a longitudinal case study of HUITONGDA Company on “growth path and internal mechanism of rural commercial ecological network driven by empowerment”. The results show that the trend of network innovation in the era of digital economy is “the dual embedding of social relations and digital technology”, and trust-based network governance has entered the horizon of complex science. HUITONGDA’s business ecosystem represents a new type of network organization with “dual embedded features” and “dual performance advantages”. The reason for its ability to balance efficiency and innovation is “the construction of trust across time and space.” Digital empowerment provides technical possibilities for the transition of trust and becomes the basis for the construction of complex organizations across time and space.
2021 Vol. 18 (2): 180- [
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192
The Strategy to Non-Market Demands in Cross-Border M&A of Chinese Enterprises
HE Jinhua,TIAN Zhilong,ZHAO Hui
In this study，four Chinese enterprises are selected as the research subjects to explore the non-market demands that Chinese companies face in overseas mergers and acquisitions and to construct a theoretical model of non-market demand response strategies with loose coupling as the core category. The research results show that the non-market demands can be divided into legal non-market demands, conventional non-market demands and ethical non-market demands. At the same time, loose coupling such as buffering loose coupling, procedural loose coupling and interpretive loose coupling is an effective strategy to respond to the non-market demands. The conclusions of this study have enlightenment significance to the research about non-market demands and response to the non-market environment, and the studyprovides practical guidance for enterprises to respond to the non-market demands.
2021 Vol. 18 (2): 192- [
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203
The Effect of Employee Responsibility on Corporate Innovation Performance from the Perspective of Instrumental Stakeholder Theory
WU Fang,ZHANG Yan
Based on instrumental stakeholder theory, this study proposes that employee responsibility could affect corporate innovation performance through three channels, including persistent investment, knowledge sharing and innovative climate. We conduct empirical analyses with the data of Chinese A-share listed companies. The results show that the better a firm treats its employees, the higher its innovation performance is. In the meantime, organization innovative climate and environmental dynamism may strengthen that relationship. Compared with state-owned enterprises, the relationship is more significant than in non-state-owned enterprises. Moreover, corporate innovation performance mediates the effect of employee responsibility on corporate financial performance.
2021 Vol. 18 (2): 203- [
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213
The Effects of Sharing Leadership on Employees’ Perceived Organizational Harmony and Its Mechanism
LONG Lirong,CHEN Xiulin
Drawing on Weber’s social stratification theory, this study defines sharing leadership as the leader actively shares wealth, fame and power and also builds its preliminary dimensions. Based on multi-wave and multi-source field data, the study develops a scale of sharing leadership and explores the influence mechanism of sharing leadership on employees’ perceived organizational harmony. The scale contains 2 dimensions including 10 items, of which exploratory factor analysis and confirmatory factor analysis results show robust reliability and validity. In addition, the empirical results show that sharing leadership has positive influence on employees’ perceived organizational harmony via perceived insider status. In other words, perceived insider status partly mediates the relationship between sharing leadership and employees’ family-like employee-organization relationship, prohibitive voice and workplace well-being.
2021 Vol. 18 (2): 213- [
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An Investigation on the Effect of Micro-Breaks on Organizational Citizenship Behavior Using Experience Sampling Method
NIE Qi,ZHANG Jie,PENG Jian,WANG Miaomiao
Using experience sampling method, 124 employees were followed up for 5 consecutive working days, and 620 daily data were obtained finally. Based on these data, this study examines the effect of four types of micro-breaks (relaxation activities, nutrition-intake activities, socialization activities, cognitive activities) on organizational citizenship behavior as well as the mediating effect of job satisfaction and the moderating effect of job demand. The results of multi-level modeling show that relaxation activities, nutrition-intake activities, and socialization activities can promote job satisfaction, which in turn facilitates organizational citizenship behavior. Job demands strengthen the association of relaxation activities, nutrition-intake activities, and socialization activities with job satisfaction and the indirect effects of relaxation activities, nutrition-intake activities, socialization activities on organizational citizenship behavior via job satisfaction. Under the high job demand, the above relationships are stronger. However, the relationship among cognitive activities, job satisfaction, and organizational citizenship behavior is not supported. The job demands on the relationship between cognitive activities and job satisfaction have no moderating effect.
2021 Vol. 18 (2): 223- [
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234
Research on the Relationship between Corporate Policy-Practice Integrity and Employee Performance
DAI Yi,ZHANG Haomin,YU Mingchuan,ZHU Aiwu,XU Shuhui
According to social information processing theory and social exchange theory, this study explores the positive effect of enterprise policy-practice integrity on job performance, as well as the mediating roles of organizational trust and role conflict, and the moderating effect of employee-organization relationship on the mediation relationship. Using survey data of 868 employees in 63 enterprises, the results of analysis show that enterprise policy-practice integrity has a significant positive effect on job performance. Organizational trust and role conflict mediate the relationship between enterprise policy-practice integrity and job performance. Employee-organization relationship moderates the relationship between enterprise policy-practice integrity and organizational trust and role conflict, and moderates the indirect effect ofenterprise policy-practice integrity on job performance through organizational trust and role conflict.
2021 Vol. 18 (2): 234- [
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243
Research on Academic Entrepreneurial Process Based on the Theory of Sense-Making and Sense-Giving
XIONG Wenming,YU Weixin,CHEN Chuanming
Based on the theory of sense-making and sense-giving, this explores why and how academic entrepreneurs start their own business in conflict situations using case research method. The main findings are as follow entrepreneurship has gone through four stages—the initiation of entrepreneurial ideas, the preparation for entrepreneurship, the integration of entrepreneurial resources, and the development of entrepreneurial practices. In the first stage, through sense-making, academic entrepreneurs recognize “who am I”. In the second stage, academic entrepreneurs’ interpretive scheme of academic entrepreneurship is formed through sense-making. In the third stage, academic entrepreneurs interact with stakeholders so as to influence their cognitive patterns with the strategies of sense-giving. In the fourth stage, through the process of sense-giving, the value creation and enterprise system are completed, the sublimation of entrepreneurial goals are achieved.
2021 Vol. 18 (2): 243- [
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Firm’s Innovation Capacity，Consumer Participation and New Product Development：An Analysis Based on Signaling Game
ZHANG Guoyin,NI Debing,TANG Xiaowo
Noting the practical observation that firms often need to introduce consumer participation in new product development, this studybuilds a signaling game model to research: ①How can firms encourage consumers’effort behavior through the innovativeness of new product samples? ②How can firms accurately judge the consumers’preference type based on their effort behavior so as to firms can choose whether to produce and sell new products? Based on some technical assumptions, the following main results were obtained. As long as the production cost of the new product is sufficiently high, consumers will truly reveal their preferences in the participation process through their effort behavior; There is a critical level of firms’ innovation capacity, which makes the firms with higher innovation capacity provide the highest innovativeness of new product samples under the constraint of innovation ability. Under the condition that the enterprises provide the highest innovativeness, different innovation capacity will lead to different pricing of innovative products; The critical level of innovation capacity decreases with the increase of consumer product improvement capacity.
2021 Vol. 18 (2): 253- [
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Research on Pricing Strategy of Cloud Manufacturing Platform Considering Time-Sensitive Customers
ZHAO Daozhi,CHEN Manman
In the context of cloud manufacturing, this paper studies the pricing strategy of monopolized capacity sharing platform, on which the demand-side customers are sensitive to the delivery time of the suppliers. This study establishes a two-stage game model to analyze the maximum profit of the platform under the two modes of fixed per-transaction fee and registration fee. The results show that during the target period, the maximum profit of the platform under the registration fee mode is higher than that by choosing the fixed per-transaction fee mode, the maximum profit obtained by the platform is positively correlated with the cross-network externality coefficient, and negatively correlated with the time-sensitive coefficient of the manufacturing capacity demander. However, the relationship between the balanced profit of the platform and the delivery time of the supplier varies under different charging modes. The optimal pricing of the platform under the two modes is positively correlated with the delivery time of the supplier and negatively correlated with the time sensitivity of the demand-side.
2021 Vol. 18 (2): 262- [
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Research on Operation Mode Choice of Online Retailer Considering Logistics Service
SHI Guoqiang,WANG Yong,XIA Dejian,ZHAO Yanfei
This paper considers a supply chain consisting of a manufacturer and an online retailer, and studies the decision-making of the logistics service provider and its effect on the online retailer’s operation mode choice via game theory. The results show that under the wholesale mode, both the manufacturer and online retailer prefer the logistics service to be undertaken by the online retailer, while under the agency mode, both prefer it to be undertaken by the manufacturer. The findings also demonstrate that when the service efficiency is high, the online retailer will always choose the wholesale mode regardless of the revenue distribution coefficient. We find that there are two Pareto improvement regions (win-win situations), i.e., one region where both parties prefer the wholesale mode and the other region where both parties prefer the agency mode. In addition, it is found that an increase in the revenue distribution coefficient does not always result in an increase in profits for the online retailer.
2021 Vol. 18 (2): 270- [
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Analyst Coverage and Stock Price Crash Risk Based on Information Generation Process
HAN Yanjin,FENG Xiaoqing,SONG Jianbo
Different from the perspective of irrational behavior of analysts in the information dissemination process, we examine the impact of analyst coverage on stock price crash risk from the perspective of managerial opportunistic behavior in the information generation process. Using 2007~2017 Chinese A share listed firms as samples, we find that analyst coverage increases firms’ future crash risk, and this effect is more prominent in firms followed by star analysts and in firms with lower industry concentration, supporting the market pressure hypothesis. This result is robust after controlling for endogeneity using brokerage mergers as a source of exogenous shock to analyst coverage. Further analyses find that analyst coverage increases the pressure on managers to reach short-term earnings targets, prompting them to conduct information manipulation with upward earnings management.
2021 Vol. 18 (2): 279- [
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Research on the Impact of We-Media Marketing Information Disclosure of Listed Companies on Their Operating Performance Based on Fans Effect
HUANG Hongbin,LIU Qianru,XIONG Huiyin
Using the data of A-share non-financial listed companies from 2009 to 2018, this study empirically tested the influence of we-media marketing information disclosure on corporate performance of listed companies and its internal mechanism. Based on the “two-level communication theory” in communication studies, the study finds that the disclosure of we-media marketing information significantly improves the corporate performance, and the improvement effect is more significant when the number of weibo fans is large. Through subdividing industry types, it is found that, different from consumer-sensitive industries, the we-media marketing information of non-sensitive industries can become a beneficial supplement to traditional advertising due to the advantage of huge fans effects, so as to improve corporate performance more significantly.
2021 Vol. 18 (2): 287- [
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R&D Expensing and Private Placement Pricing
XU Hui,ZHOU Xiaohua,ZHOU Bing
Based on the research and development expenditure accounting policy choice as the entry point, this study systematically investigates the influence of the R&D expensing on the pricing mechanism of private placement of new shares, and the random boundary analysis method is used to conduct empirical analysis on a-share listed companies in Shanghai and Shenzhen that implemented private placement from 2008 to 2018. The results show that: The higher the proportion of the R&D expensing, the greater the degree of undervaluation of issue pricing, and this mechanism is mainly realized through the potential path of negative accrual earnings management activities. The inhibitory effect of the R&D expensing on issue pricing of private placement of new shares is more significant in non-state-owned enterprises; the increase of the proportion of major shareholders’ subscription will strengthen this inhibitory effect.
2021 Vol. 18 (2): 297- [
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Research Status and Theme Identification of Family Business Succession Based on Bibliometric Analysis
YANG Xuelei,LI Weining, SHANG Hangbiao
By searching family business succession research literature from 1997 to 2019 based on SSCI database, this study uses bibliometric analysis and content analysis to investigate the external features and research topics of family business succession literature, and obtains the following results: Firstly, from the external characteristics of the literature, the published quantity base of research literature presents a steady upward trend. The quality of literature published is high. The core group of authors in the research field of family business succession has been emerging gradually, but there is little cross-institutional cooperation and communication among scholars. Secondly, there are eight research themes in foreign literature: Research on female successors in family business; Research on succession intention of internal successors in family business; Research on the role of consultant in family business succession and so on. According to the process of succession, eight research themes can be integrated into the planning stage before succession, the control stage during succession and the influence stage after succession to construct the research framework of “BDA”. Finally, suggestions are made on the possible directions in the three stages of family business succession research.
2021 Vol. 18 (2): 306- [
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