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Chinese Journal of Management
2022 Vol.19 Issue.5
Published 2022-05-01
633
How to Interpret the Management Thoughts of Chinese Enterprise or Entrepreneur: Suggestions for Research Topic Selection and Paper Writing
TIAN Zhilong，YANG Ling
Scholars are encouraged and promoted to explore excellent enterprise management practices, to sum up the experience of enterprises development theoretically, to interpret the entrepreneur management thoughts, and to write a paper on the motherland. Based on the paper published by Tian Zhilong in 2018, this paper puts forward further suggestions on the research and writing of paper about “Entrepreneur Management Thoughts”: First, please pay attention that the paper topic selection and paper presentation are both related and different. Second, clarify the five elements of the research topic and their relationships. Third, pay attention to improve the three closed loops of the paper.
2022 Vol. 19 (5): 633- [
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640
Theoretical Research and Practical Exploration of Organizational Ecological Management:Review on 2021 Annual Conference on Management in China (14th)
CHEN Shangjie，WANG Lei，JIANG Yiwen
Focusing on the theme of “Ecological management and Network organization”, the 2021 Annual Conference on Management in China (14th) discussed how to actively participate in and intervene in the evolution process of network organizations based on organizational evolution objectives by using management concepts such as leadership, governance, organization, strategy, and value co-creation. Based on the conference reports, papers, and on-site communication, a review on the main academic viewpoints is provided in this paper.
2022 Vol. 19 (5): 640- [
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454
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646
Influence of Valuation Adjustment Mechanism on Strategic Change of New Enterprise
HUANG Fuguang，LIU Zhenxuan，LI Xiwen，SHAO Yan
Based on the perspective of negative incentive pressure, we discuss whether the signing of valuation adjustment mechanism (VAM) encourages enterprises to make strategic change, and the moderating role of venture capital participation in governance. The results show that the signing of the VAM has significantly affected the strategic change of the enterprise. The higher the commitment performance, the stronger the motivation for the strategic change. The participation of venture capital in the board can play the “state recognition” and “appreciation” functions on the basis of obtaining “soft information”, which can alleviate the excessive strategic change behavior caused by VAM. The higher the reputation of venture capital, the greater the uncertainty, the stronger the negative moderating effect of the board’s participation. Further research found that strategic changes in the context of Valuation Adjustment Mechanism could not lead to performance improvement. After applying PSM matching and instrumental variable to alleviate the endogenous problem, the conclusion is stable.
2022 Vol. 19 (5): 646- [
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231
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656
Research on the Identity Construction Process of Chinese Rural Female Entrepreneurs
ZHANG Jingwei，LI Qiqi，JIN Xiujuan
Taking 43 rural female entrepreneurship stories as research sample, this study explores the identity construction process of Chinese rural female entrepreneurs by using the coding procedures of grounded theory, and constructs a process model of rural female entrepreneur identity construction. It is found that founder identity construction process of rural female entrepreneurs includes four stages: identity perception, identity conflict, identity work and identity realization. Although internal and/or external inducing factors triggers rural female’s entrepreneurial needs, the incongruence between entrepreneurial needs and individual self-situation perception leads to identity conflict. Driven by personal belief and personal responsibility，rural females who choose to continue to start their own businesses will conduct a series of identity work, including the separating of original identity, founder identity shaping and confirmation, and finally realize their founder identity through identity consolidation and extension.
2022 Vol. 19 (5): 656- [
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331
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666
The Double-Edged Sword Effect of Laissez-Faire Leadership on Employees’ Job Crafting
FU Jingtao，LIU Luyao，ZHANG Liangting
Through 335 leader-employee dyads questionnaires, based on the conservation of resources theory, this study constructs and evaluates the resource conservation path and resource investment path of laissez-faire leadership influencing employees’ job crafting, and further estimates the moderating role of career insight from the perspective of individual trait resource differences. The results show that: laissez-faire leadership not only aggravates employees’ role ambiguity and hinders job crafting, but also improves employees’ perceived job autonomy and promotes job crafting; career insight negatively and positively moderates the influence of laissez-faire leadership on role ambiguity and perceived job autonomy respectively; furthermore, the moderating effect of career insight on job autonomy has been verified.
2022 Vol. 19 (5): 666- [
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676
Stay Here or Walk Away？The Mechanism of Abusive Supervision on Victim’s Retention from the Perspective of Cognitive-Motivational-Relational Theory
YANG Chunjiang，CHEN Yashuo
Considering that employees continue to work for an organization after being subjected to abusive supervision, a common occurrence, representing the employees try to use positive coping strategies to lessen the damage done by abusive supervision. Based on the cognitive-motivational-relational theory, this study collects the data from 309 employees at multiple time points and analyzes it using a structural equation model to determine the effect of abusive supervision on retention as well as the emotional and cognitive mechanisms and moderators. The results show that abusive supervision behavior negatively affects their retention behavior; subordinates’ forgiveness positively affects their retention behavior; anger and forgiveness sequentially mediate the negative relationship between abusive supervision behavior and retention behavior; the follower’s power dependence on the leader strengthens their anger response to abusive supervision behavior; and negative workplace gossip about supervisors would hinder the change from anger to forgiveness.
2022 Vol. 19 (5): 676- [
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393
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687
Research on the Relationship between Multiple Team Membership and Employee Creativity from the Job Demands-Resources Model Perspective
WAN Wenhai，LIU Xiayi，JIANG Shaojing
Using job demands-resources model as overarching framework, we investigated the underlying mechanisms and boundary conditions of the linkage between multiple team membership and employee creativity. Using samples from 337 employees in Fujian and Jiangsu Province, we found that: ① Employee mindfulness positively moderated the relationship between multiple team membership and professional knowledge learning, negatively moderated the relationship between multiple team membership and role overload. ② Professional knowledge learning was positively related to employee creativity, while role overload was negatively related to employee creativity.③ The interactive effect of multiple team membership and employee mindfulness on employee creativity was mediated by professional knowledge learning and role overload respectively.
2022 Vol. 19 (5): 687- [
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311
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696
The Spatial Effect of Co-Agglomeration of Producer Services and High-Tech Industries on Regional Innovation Efficiency
WANG Wencheng，SUI Yuan
Based on the panel data of 30 provincial-level administrative regions in China from 2001 to 2019, this study utilizes the three-stage data envelopment analysis (DEA) model to measure the efficiency of regional innovation. Furthermore, the Dubin model is combined to explore the spatial effect of co-agglomeration of producer services and high-tech industries on regional innovation efficiency. The experimental results demonstrate that the co-agglomeration of producer services and high-tech industries can significantly improve the regional innovation efficiency but has no significant impact on neighboring regions. Further research proves that, compared with the scale efficiency, the co-agglomeration of producer services and high-tech industries has a smaller improvement degree for the pure technological efficiency of innovation; at the national level and sub-regional level, the co-agglomeration of high-tech industries and information transmission, software and information technology services fails to improve the efficiency of regional innovation; in the central area of China, the co-agglomeration of high-tech industries and producer services or its five sub-industries has no positive effect on the innovation efficiency in the region and its neighboring regions.
2022 Vol. 19 (5): 696- [
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257
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705
Second Generation Engagement and Family Enterprise Innovation Decision from the Perspective of Cognitive Differences
CHEN Canjun，XU Changxin
Based on the upper echelons theory and perspective of cognitive differences, this study explores the cognitive conflicts between family members and non-family members after the second generation involvement and the decision-makers in family firms, which have different effects on the firm’s innovation input. Furthermore, the moderating effect on the relationship between differentiation cognition and innovation investment is discussed in this study. Based on the empirical results of the Shanghai and Shenzhen listed family enterprises, it is shown that the cognitive differences between the second generation with family members will promote the innovation investment. But the cognitive differences between the second generation with non-family members may inhibit enterprises’ innovation investment. Meanwhile, second-generation ownership can enhance the promotion effect of cognitive differences with family members on innovation and weaken the inhibition effect of cognitive differences with non-family members on innovation.
2022 Vol. 19 (5): 705- [
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289
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714
Research on Live E-Commerce Supply Chain Decision-Making Considering Social Media Influencer’s Marketing Efforts under Different Power Structures
YU Tianyang，GUAN Zhimin，DONG Jingyang，QU You2
Taking the supply chain composed of live broadcast platform, social media influencer team and e-commerce seller as the research object, considering the influence of social media influencer live broadcast on demand, and building supply chain decision-making models under three power structures: e-commerce seller-led, online celebrity team-led and equal power. The comparative analysis among the models and the sensitivity analysis of key parameters are carried out. The results show that: First of all, the profits of e-commerce seller, social media influencer team, live broadcast platform, total consumer utility and social welfare are positively correlated with social media influencer personal influence and live broadcast marketing cost efficiency. Secondly, in three cases, the relationship between the profits of e-commerce seller and the profits of social media influencer team is closely related to the cost efficiency of live marketing. What’s more, the total utility of consumers and social welfare are the largest when the power of e-commerce seller and social media influencer team is equal, followed by e-commerce seller dominates the supply chain, and the smallest when social media influencer team dominates the supply chain.
2022 Vol. 19 (5): 714- [
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387
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723
Designing Reward-Based Crowdfunding Parameters under Participators ‘Behaviors and Information Asymmetry
CAO Erbao，ZHOU Ying，GUO Feiyu
In the context of information asymmetry about production quality, this study focuses on informational factors such as product videos and development experience, and conducts a dynamic game between a creator and consumers. The research investigates the impact of different participators’ behaviors (information disclosure from a creator and information acquisition from backers) on the optimal design of crowdfunding parameters and the corresponding equilibrium profits. Some results are yielded. When perceived quality is low, crowdfunding parameters only served as quality signals can achieve a separate equilibrium with a lower signal cost. As perceived quality increases, the crowdfunding parameters under participators’ behaviors generate a larger profit. In particular, when the decreasing degree about information disclosure cost or the increasing degree about market size is within a specified range, information disclosure becomes more prominent compared to information acquisition.
2022 Vol. 19 (5): 723- [
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731
Study on the Motivation and Pricing Strategy of Hybrid Online Sellers Accessing to E-Commerce Platform
CAI Zuguo，XIE Xiaoying，FAN Lili
Aiming at the partial integration behavior of hybrid online seller and e-commerce platform, this study constructs a partially integrated game model to analyze the pricing strategy choices of hybrid online sellers with product pricing power to access the e-commerce platform and then discusses the “pros” and “cons” of partial integrated behaviors on e-commerce platform and hybrid online seller. The results show that: Firstly, when hybrid online seller set retail price according to platform access rules, partial integrated behavior has an obvious complement effect on the shortcomings of the e-commerce platform business; however, hybrid online seller loses the oligopoly pricing advantage; Secondly, when hybrid online seller sets retail price according to an oligopoly strategy, partial integrated behavior has a weaker complement effect on the shortcomings of the e-commerce platform business; however, hybrid online seller can consolidate the oligopoly advantage. Therefore, hybrid online seller with product pricing power will optimally choose the oligopoly pricing strategy.
2022 Vol. 19 (5): 731- [
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740
Research on the Relationship Between Big Data Analytics Capability, Decision-Making Quality and New Service Development Performance
JIAN Zhaoquan，TAN Yanxia，LIU Nian
Based on dynamic capabilities theory and complexity theory, the research model of “Capability-Quality-Performance” was constructed, and an empirical analysis was conducted on 327 companies, to explore the impact path and antecedent configuration effect of new service development (NSD) performance. The research finds that: big data analytics (BDA) capability can indirectly affect NSD performance. Decision effectiveness and decision efficiency play a complete intermediary role between BDA capability and NSD performance. The enterprise analytics culture moderates the relationship between BDA capability and decision effectiveness, decision efficiency, and NSD performance. Based on the qualitative comparative analysis method of fuzzy sets, three kinds of antecedent configurations of NSD performance are obtained.
2022 Vol. 19 (5): 740- [
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749
Research on the Optimal Governance Strategy with Capital Constraint and Market Competition under “Stall Economy”
SHEN Bin，CAO Yifan，DONG Ciwei
“Stall economy” is one of the important approaches to stabilize the economy and ensure employment. The government’s guidance is crucial for the development and encouragement of “stall economy”. The Cournot model is used to capture the characteristics of the market environment in which many vendors with capital constraints sell homogenized products, and the operational decisions of vendors under different governmental governance modes and the choice of optimal governance modes when facing different governance goals are discussed in this study. The results show that: ① if the government aims at maximizing the total profit of all street vendors or maximizing social welfare, the level of administrative cost is a crucial factor to influence the governance strategy; ② if the government aims at maximizing the total sales volume of the market, the capital restriction of street vendors becomes the main consideration factor in mode selection; ③ if the government aims at maximizing consumer welfare, the mode selection depends not only on the administrative cost but also on the capital constraint of the street vendor.
2022 Vol. 19 (5): 749- [
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291
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758
Research on the Influence of ESOP on Enterprise Total Factor Productivity
LI Shu，JIN Zhen，XIE Yanxiang
Taking Shanghai and Shenzhen A-share listed companies as research samples, this study distinguishes different enterprises’ implementation motivation and internal environment, and evaluates the actual impact of employee stock ownership plan (ESOP) from the perspective of total factor productivity (TFP). The research finds that the implementation of ESOP can significantly improve the TFP of the company, and the positive relationship is only significant in the non-share pledging enterprises. From the perspective of different implementation environment, the positive effect of ESOP on TFP is more significant in enterprises with serious agency problems and low employee compensation level. Innovation output, human capital structure and internal capital allocation efficiency are the possible paths for ESOP to affect TFP. Furthermore, the implementation of ESOP can play a synergistic role with the reform of mixed ownership, and jointly promote the improvement of enterprise production efficiency.
2022 Vol. 19 (5): 758- [
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335
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768
The Impact of CEO Psychological Heterogeneity on Derivatives Use in Listed Companies
LI Qinghua，GUO Fei，LIU Kunpeng，QIU Liya
Using the samples of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2010 to 2019, this study explored the impact of Chief Executive Officer (CEO) psychological heterogeneity on derivatives use in listed companies. The study found that listed companies were more likely to use derivatives when CEOs had high risk-taking willingness or extreme gambling speculative psychology. Further research revealed that non-CEO executives with expertise in derivatives were more likely to support the use of derivatives by CEOs who were willing to take risks (and not by CEOs who were willing to gamble). Second, the higher CEO’s risk-taking willingness, the less likely it was for listed companies to meet the hedging requirements of China Accounting Standards for Enterprises No.24 (CAS24), but more likely for selective hedging. Finally, companies using derivatives were more likely to have heterogeneity of technological innovation because of CEO psychological heterogeneity.
2022 Vol. 19 (5): 768- [
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778
A Review on Supply Chain Contract Design Scheme When Demand Information Is Asymmetric
HU Xiaoqing，CAI Jianhu，SUN Haining
Through analyzing the general research status and trend of demand information asymmetry by bibliometric method, this study reviews three main research perspectives, including information sharing method, value of information sharing, and contract design scheme. Furthermore, the paper focuses on analyzing the detailed modeling schemes of information screening, information signaling and the value of information sharing, and demonstrates how to discover innovation points. Further, this study summarizes the typical cases mentioned in the related literature, and propose that future research can be focused on the influence of e-commerce development on the construction of supply chain demand information sharing models, and demand information asymmetry in capital-constrained supply chains.
2022 Vol. 19 (5): 778- [
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