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Chinese Journal of Management
2023 Vol.20 Issue.4
Published 2023-04-01
473
The Formation Mechanism of Organizational Identification of Chinese Local Enterprises Based on the Perspective of Confucian Yuanfen
HU Guodong，WANG Xiaoyu
Influenced by the Confucian Guanxi, Chinese organizations have the orientation of “Yuanfen and Guanxi” and form a kind of “Yuanquan” organizational identification, which is completely different from the “scatter point” organizational identification based on Western individualism. This paper adopts the method of theoretical research, analyzes the ideological connotation and cultural basis of the Confucian concept of Yuanfen, deeply explores the internal relationship between Yuanfen and organizational identification，and then explores the formation mechanism of organizational identification of Chinese local enterprises under the effect of Confucian Yuanfen. The research shows that in the local context, intra-organizational relations present a hierarchical “Yuanquan” structure of “Yeyuan, Qingyuan and Qinyuan”, which has an important impact on organizational identification from three dimensions of cognition, emotion and behavior. This paper explores the formation mechanism of local enterprise organizational identification driven by the trinity of emotional cohesion, ethical education and institutional norms, which is conducive to improving the efficiency of organizational identification and human resource management of Chinese local enterprises, as well as enhancing self-organization ability and environmental adaptability.
2023 Vol. 20 (4): 473- [
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483
Research on the Driving Factors of Equity Incentives in Mixed Ownership Enterprises from the Perspective of Classification Reform
LIANG Yongfu，CHEN Lin
Based on the micro-enterprise data of the CSMAR database, this study researches the equity incentive drivers of mixed-ownership enterprises and the impact of mixed-ownership reform types. The results show that managerial power and psychological ownership of executives have opposite effects on the possibility of equity incentives in mixed ownership enterprises, and there is an alternative relationship between them, which will be weakened by the political promotion motivation of executives. Compared with the state-owned enterprises in the local and lower competitive industries, the management power factors of the enterprises in the central and highly competitive industries have greater influence. When there are foreign investors, the influence of psychological ownership factors will disappear by the reference point effect. For different types of mixed ownership enterprises, from non-public capital becoming one of the five major shareholders to obtaining actual control, the crowding-out effect of the psychological ownership factor on the agency cost factor gradually disappears, and the positive effect of the management power factor also starts to weaken.
2023 Vol. 20 (4): 483- [
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171
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493
Research on the Evolution of Family Control Structure from the Perspective of Equity Balance
QIAN Aimin，WU Chuntian
Based on the family control model, we studied the impact of equity checks and balances on the structure of family control in the era of equity decentralization using samples of listed family companies from 2008 to 2019. We find that the higher the degree of equity balance, the weaker the excess control of the controlling family at the equity level, while the excess control at the board level will increase, and the total family excess control power will expand. Further analysis shows that the role of equity balance in promoting the family’s excess director appointment is more obvious when there are equity threats, no intergenerational inheritance needs, and family members serving as chairman and general manager at the same time. In related-party transactions, the excess control of the board level forms a synergy with the excess control of the equity level, while forms a confrontation with the balance of equity.
2023 Vol. 20 (4): 493- [
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173
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502
Symbiotic Evolution and Scenario-Oriented Practice of Platform Corporate Social Responsibility under Quantum Paradigm
XIN Jie，WU Chuang，LIU Xinyu，TU Yunfeng
By means of literature research and theoretical deduction, drawing on the ecological symbiosis theory and quantum management theory, this study summarizes the inherent mechanism of the evolution of platform CSR. It proposes that the dilemma of the atomic paradigm of CSR in platform firms needs to be dissolved by the quantum paradigm of symbiotic evolution. It constructs the platform CSR scenario model based on the quantum paradigm, and proposes the practice path based on “ecology—mission—organization—relationship—governance”：a) building a symbiotic platform CSR ecology with common awareness, b) enhancing the mutual and symbiotic CSR mission, c) cultivating an empowered and co-governing CSR organization, d) superimposing CSR symbiotic relationships that link up and interact, e) establishing compatible CSR governance rules and mechanisms.
2023 Vol. 20 (4): 502- [
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193
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512
The Influence of Perceived Non-Decent Work on Experienced Conflict and Ambivalent Occupational Identification Based on Paradox Perspective
WANG Hongli，XU Guangyi，LI Zhen，GUO Shengqian
Based on paradox theory, this study explores the relationship between perceived non-decent work and ambivalent occupational identification using a sample from 530 hospital caregivers. The results show that income level can motivate caregivers’ family motivation. The interaction between perceived non-decent work and family motivation has a significantly positive effect on experienced conflict, and experienced conflict further induces caregivers’ ambivalent occupational identification. In addition, experienced conflict plays a mediating role in the relationship between the interaction of perceived non-decent work with family motivation and ambivalent occupational identification.
2023 Vol. 20 (4): 512- [
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274
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521
Research on the Relationship between New Employees’ Bootlegging Failure Event Criticality and Innovation Performance
WANG Hongyu，HAO Di
Based on the event system theory, this study explores the effect mechanism of bootlegging failure event criticality on innovation performance by using two-wave 296 dyads data from new employees and their supervisors. Empirical results suggest that bootlegging failure event criticality positively affects innovation performance. Job reflective learning from failures plays a mediating role in the relationship between bootlegging failure event criticality and innovation performance. Psychological synergy diversity climate not only strengthens the positive relationship between bootlegging failure event criticality and job reflective learning from failures, but also positively moderates the indirect effect of job reflective learning from failures.
2023 Vol. 20 (4): 521- [
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232
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530
The Effect of Dual Authoritarian Leadership on Employee Innovative Behavior Based on a Response Surface Analysis
WANG Lei，SONG Huiyu，XU A. J.
Based on job demands-resources model, adopting a response surface analysis, this study seeks to explore the influences of different combinations of dual authoritarian leadership (i.e. shang-yan leadership and juan-chiuan leadership) on employee innovative behavior via psychological ownership and the moderating effect of employee growth demand. The results show that different combinations of shang-yan and juan-chiuan leadership have a differentiated impact on employee innovative behavior; psychological ownership mediates the relationship between combinations of shang-yan and juan-chiuan leadership and employee innovative behavior; for employees who have a high need for growth, combinations of shang-yan and juan-chiuan leadership have a stronger positive effect on their psychological ownership.
2023 Vol. 20 (4): 530- [
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310
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543
Research on the Impact of Firm-Level Perception of Uncertainty on Corporate Innovation
HE Chao，LI Yanxi，XU Runxiang
This study uses text mining methods to extract information from the annual reports disclosed by Chinese A-share listed firms from 2007~2020, and measures the degree of economic policy uncertainty perceived by firms. It shows that the degree of firm-level perception of economic policy uncertainty is heterogeneous, even after removing industry- and region-level factors. Then, it explores the impact of firm-level perception of economic policy uncertainty on corporate innovation and finds that there is an inverted U-shaped relationship between them. It further finds that for those firms faced with more financing constraints, higher investment irreversibility, or higher risk aversion of management, the incentive effect of firm-level perception of economic policy uncertainty on R&D investment and patent application will be diminished. Finally, it also finds that firm-level perception of economic policy uncertainty has a more persistent and positive impact on innovation output.
2023 Vol. 20 (4): 543- [
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558
Research on the Effect and Mechanism Identification of Government Innovation Subsidy on Enterprise Innovation Efficiency
YANG Huan，LI Xiangju
This study uses the stochastic frontier model to measure the innovation efficiency of China’s A-share listed companies from 2015 to 2019, and discusses the impact effect and mechanism of government innovation subsidies on enterprise innovation efficiency. The findings are as follows: government innovation subsidies improve the efficiency of enterprise technological innovation to a certain extent, and there are lag effects and persistence effects in terms of time. The absorptive capacity of enterprises plays a positive moderating effect on the effective use of innovation subsidies. From the perspective of action mechanism, government innovation subsidies would promote the enterprise innovation efficiency through two mechanisms: improving enterprise risk-taking ability and transmitting signals to external investors to obtain more innovation resources. Further analysis shows that the incentive effect of innovation subsidies will be heterogeneous due to different policy objects, the timing of the policy action and the combination of policy instruments.
2023 Vol. 20 (4): 558- [
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568
Manufacturer’s Online Sales Modes Selection Considering Sales Service and Service Cost Difference
FANG Debin，SHENG Jialiang
Considering the sales service and the difference in service cost of online sales, we discuss the optimal decision of the manufacturer’s online sales modes in the case of whether the e-commerce platform bargains for wholesale prices, and analyze the impact of the manufacturer’s choice of sales modes on the e-commerce platform and the conditions for both parties to achieve a win-win situation.Using game theory to solve the equilibrium under the three sales modes and conducting comparative analysis, the following conclusions are obtained: ①When the service cost advantage of the e-commerce platform is large, the manufacturer tends to choose reselling mode in order to take advantage of the low service cost of the e-commerce platform; ②The choice of the manufacturer’s sales modes can achieve a win-win situation with the e-commerce platform in some cases; ③The e-commerce platform’s bargaining for wholesale prices will make manufacturer more inclined to choose the agency and direct sales mode. And it is more difficult for manufacturer with low bargaining power to achieve a win-win situation with e-commerce platforms in the reselling mode.
2023 Vol. 20 (4): 568- [
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578
Revenue Sharing Contracts Considering the Impact of Bankruptcy under Trade Credit in a Supply Chain
GUO Hongmei，GU Shuiliang，WANG Xinhui
n order to explore the impact of the bankruptcy cost on supply chain contract design and coordination under trade credit, this study constructs revenue sharing-credit sales contracts that consider bankruptcy cost. For different bankruptcy cost ranges, the conditions for coordinating the supply chain are obtained, and the effects of the retailer’s bankruptcy cost, the level of working capital and the value of the pledge on the contract design are analyzed. The research shows that when the bankruptcy cost is lower than a certain critical value, (1) it makes transfer price higher and coordination conditions of supply chain more demanding. (2) The bankruptcy cost aggravates the impact of the level of working capital and the value of pledged goods on the transfer price, so that suppliers encourage retailers to increase working capital and pledges through greater price reduction. When the bankruptcy cost is higher than a certain critical value, (1) Bankruptcy cost no longer affects the setting of transfer price, nor does it affect the role of working capital and collateral on transfer price. (2) There are only a few contract parameters can make supply chain coordination, and trade credit no longer promote supply chain coordination.
2023 Vol. 20 (4): 578- [
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179
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588
Research on Green Product Market Entry and Competitive Firms Pricing Strategies Based on Consumer’s Social Comparison Behavior
QU You，GUAN Zhimin，LIU Lu，JIANG Liwen
Considering the “social attributes” of human beings and the “symbolic value” of green product, this study establish a consumer utility function based on social comparison behavior for the problem of market entry of green products and pricing strategies of two competitive firms, and the effects of the degree of social comparison on the equilibrium results and environment are investigated by constructing a Stackelberg game model led by traditional manufacturers. The results show that the higher the social comparison degree, the higher the possibility of green product market entry, and the traditional manufacturer is more likely to adopt high pricing strategies to plunder the surplus value of ordinary consumers maximally. Besides, it is found that, counterintuitive, providing the green product into the market is not always beneficial to the environment, in certain situations, market entry of green product can increase the environmental stresses instead.
2023 Vol. 20 (4): 588- [
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598
Tripartite Evolutionary Game Research of Factoring Financing Under the Integration of Blockchain
JIAO Yuanyuan，YAN Xin，DU Jun，LI Jingrong
The innovative development of factoring financing model from the perspective of blockchain empowerment is inseparable from the participation of financial institutions, core enterprises and suppliers. By systematically combing the business process of blockchain-enabled factoring financing model, this paper constructs a tripartite evolutionary game model of financial institutions, core enterprises and suppliers, analyzes the stability of the strategy selection of each game subject, and analyzes the influence of key factors on the system evolution in combination with the practice of trusted blockchain promotion plan. The results are: The numerical relationship of variables affects the evolutionarily stable strategy of factoring financing system; Platform service fees, business costs, partner default losses and compensation are important factors affecting financial institutions’ choice of blockchain factoring financing model; The hidden value loss under the blockchain-enabled factoring financing model is a key factor that constrains the default of core enterprises and suppliers.
2023 Vol. 20 (4): 598- [
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610
Social Trust and Non-Financial Enterprises’ Shadow Banking Activities
HAN Xun，FENG Yue
This study incorporates the dynamic incentive contract mechanism of managerial compensation into the three-period dynamic investment and financing decision model of enterprises, introduces the reputation penalty mechanism of social trust, and conducts an empirical analysis of the relationship and influence mechanism between social trust and corporate shadow banking using data from non-financial listed companies from 2015～2019. The results show that: (i) The higher the degree of regional social trust, the weaker the willingness of firms to engage in shadow banking. (ii) The above effect is more significant in companies with poorer corporate governance, higher information opacity, higher equity concentration and poorer growth. (iii) An increase in the level of social trust can act on firms’ shadow banking behavior by inhibiting management’s opportunistic behavior, exacerbating the risk cross-contagion effect and stabilizing the external investor sentiment channel.
2023 Vol. 20 (4): 610- [
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620
Exploration and Future Research of Multiple Team Membership
LI Hui，HUANG Lihua，YAO Xinlin
More and more organizations have adopted a new form of work, i.e., multiple team membership. This phenomenon raises the need for the development of team theory. This study first proposes a framework which systematically analyzes the connotation of multiple team membership from the multi-level perspective. The framework combines multiple levels, such as individual level and team level, the underlying mechanisms and the outcomes at different levels. This study distinguishes multiple team membership in single team, multi-task and multi-project settings to illustrate its uniqueness. Second, this study reviews the literature on multiple team membership and shows that the current research is still limited in terms of levels of analysis and topics, and that current studies provide limited in-depth insights to academics and organizational managers. Finally, based on the multi-level framework and the literature review, this study discusses the need to expand the levels of analysis, explore the underlying mechanisms at different levels, and consider how the use of information systems influences the effects of multiple team membership to enrich the future research. This study provides guidance for further research on multiple team membership.
2023 Vol. 20 (4): 620- [
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