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Chinese Journal of Management
2024 Vol.21 Issue.6
Published 2024-06-01
791
Study on the Process Mechanism of Digital Platform Ecosystem Formation: An Exploratory Case Study of Haier
LI Zhaomin，PAN Congcong，ZHAO Shuming
Using the method of exploratory single case study, the study takes Haier digital platform as the research object and constructs the process mechanism model of digital platform ecosystem formation. The results show that: driven by the Internet of everything and other factors, digital platform enterprises promote the formation of digital platform ecosystem. The digital platform ecosystem can be divided into three subsystems: employee, organization and ecology. The formation process of digital platform ecosystem will create commercial value, social value and ecological value. The three values interact and promote each other. Internal supporting factors such as digital technology change and business model innovation play an important supporting role, which can improve the effect of digital platform ecosystem formation.
2024 Vol. 21 (6): 791- [
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801
Management Theory Building and Innovation of “Fusion of China and the West”
WANG Tao
Based on the effective match of theory with context, management research can be categorized into four distinct modes: mature theory, theoretical expansion, new theory, and theoretical deepening, each intended to resolve specific practical problems. The construction and innovation of Chinese management theory mainly follows the evolution path from “re-contextualization” to “de-contextualization” to achieve a dynamic cycle of “mature theory—theoretical expansion—new theory—theoretical deepening”, under the alternating influence of contextualized theories and theorized contexts. The western management theory can be revised and applied to the local context by the Chinese context, and the Chinese management theory can be constructed based on the uniqueness of the local context by it too. Through continuous innovation, these theories can diffuse and be disseminated. The fusion fosters the establishment of a management theory system accepted and recognized by both China and the West, enriching the “Chinese discourse system” of management theory and Chinese management wisdom.
2024 Vol. 21 (6): 801- [
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811
A Configuration Analysis Study of Industrial Internet Platform Empowerment Value Chain Digital Reconstruction Performance of Participatory Manufacturing Enterprises (PMEs)
SUN Xinbo，LIU Jianqiao，ZHANG Mingchao，YUAN Lixiu
Value chain digital reconfiguration plays an important role in achieving the goal of moving up the value chain in participatory manufacturing enterprises (PMEs). The research objective of this study is to investigate the configuration path for the realization of digital reconfiguration performance in the value chain of PMEs. Taking 122 PMEs embedded in the Haier COSMOPlat ecosystem as the research object, we change the traditional research perspective and use fsQCA to explore how the technology resources, information resources, relationship resources, and digital services provided by the empowerment of the industrial Internet platform synergistically affect the performance of digital reconstruction of the enterprise value chain. The study obtains two groups of high (non-high) performance, namely, “product-driven, service-driven, relationship-trapped, and information-trapped”. The results show that the impact of industrial internet platform empowerment on the digital reconstruction performance of the value chain of PMEs at different levels and stages of development has the phenomenon of different paths of convergence.
2024 Vol. 21 (6): 811- [
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77
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821
Strategic Information Disclosure and Digital Firm Performance：An Open Paradox Perspective
WANG Chao，GUO Hai
Based on the open paradox perspective, this study investigates the tension between organizational legitimacy and competition caused by strategic information disclosure of digital firms, and examines its performance implications. Using unbalanced panel data of Chinese digital listed companies from 2012 to 2020, we find that strategic information disclosure has a U-shaped relationship with digital firm performance. The level of firm innovation, market concentration and industry transparency flatten the U-shaped relationship and invert it into an inverted U-shaped relationship. Comparative analysis based on the perspective of digital context heterogeneity found that, the U-shaped relationship between strategic information disclosure and performance is magnified in digital firms, regions with higher level of digital economy and core industries of digital economy.
2024 Vol. 21 (6): 821- [
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58
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831
Research on the Impact of Cross-Owners on Enterprise Digital Transformation
YANG Xiaowei，ZHANG Rao
Using A-share listed companies in Shanghai and Shenzhen from 2007 to 2022 as samples, this study explores the impact of cross-owners on the enterprise digital transformation. Empirical tests find that the collusive fraud effect generated by cross-owners can significantly reduce the digital level of enterprises. The mechanism is that cross-owners can generate strong market power for the enterprises within the portfolio, thereby meeting their investment goals and reducing digital technology investment. Cross-owners can increase the market share and profitability of the enterprises within the portfolio, making them content with the current situation and reducing the digital level of enterprises. Further analysis reveals that the reducing effect of cross-owners on the digital level of enterprises is more significant in non-monopolistic industries and non-state-owned enterprises. Cross-owners which are non-controlling shareholders, or those with a short holding period, are more likely to reduce the digital level of the enterprise. After cross-owners reduced the digital level of the enterprise, they drove the management to disclose more digital technology information.
2024 Vol. 21 (6): 831- [
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67
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840
Research on the Mechanism of Voice Solicitation on Employees’ Proactive Behavior
WANG Yanfei，CHEN Xueling，ZHENG Lixun，ZHU Yu
Based on affective events theory and regulatory focus theory, our study explores how and when voice solicitation affects employees’ proactive behavior, through a multi-wave, multi-source questionnaire study (Study 1) and an experimental study (Study 2). The study found that: voice solicitation can enhance employees’ positive affect and reduce negative affect, which in turn promotes their proactive behavior; employee regulatory focus moderates the indirect effect of voice solicitation on proactive behavior via positive affect, that is, the positive indirect effect of voice solicitation on employees’ proactive behavior via positive affect is significant when regulatory focus is high and does not exist when regulatory focus is low; employee regulatory focus moderates the indirect effect of voice solicitation on proactive behavior via negative affect, that is, the positive indirect effect of voice solicitation on employees’ proactive behavior via negative affect is not significant when regulatory focus is low and exists when regulatory focus is high.
2024 Vol. 21 (6): 840- [
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125
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853
Research on the Influential Mechanism of the Usage of Intelligent Machines on Professional Ability Development
HUANG Xin，WANG Shan，LIU Chang’e，PAN Weiqi，LIU Yunfan
Based on Social Cognitive Career Theory, the impact of the usage of intelligent machines on the professional ability development of manufacturing employees is conducted with the mediating effect of role breadth self-efficacy and the moderating effect of workplace loneliness. The analysis of 613 questionnaire data (Study 1) and 51 qualitative interview data (Study 2) shows that the usage of intelligent machines has a positive effect on professional ability development, with role breadth self-efficacy playing a partial mediating effect; workplace loneliness negatively moderates the relationship between the usage of intelligent machines and the role breadth self-efficacy, as well as the relationship between role breadth self-efficacy and professional ability development; workplace loneliness also negatively moderates the indirect effect of the usage of intelligent machines on professional ability development through role breadth self-efficacy.
2024 Vol. 21 (6): 853- [
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112
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865
The Impact of Public Environmental Concern on the Level of Corporate Carbon Performance
XU Jinhua，YE Feisan，SHANG Lixia
This study explores the relationship between public environmental concern and the level of corporate carbon performance based on the data of Chinese A-share listed companies in the industrial sector from 2011 to 2019. The research finds that public environmental concern significantly improves the level of corporate carbon performance, and this conclusion remains robust after additional tests such as the instrumental variables approach. The mechanism analysis shows that public environmental concern improves the level of carbon performance in firms through two mechanisms. One is promoting green technological innovation in firms, and the other is optimizing the regional energy consumption structure. The heterogeneity analysis indicates that the impact of public environmental concern on the level of carbon performance is more pronounced for firms facing stronger local environmental regulations, located in low-carbon pilot cities, and with poorer social responsibility performance, while it exerts a significant effect on both SOEs and non-SOEs.
2024 Vol. 21 (6): 865- [
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876
Research on the Synergistic Impact of Environmental Policy and Intellectual Property Policy on the Development of Green Finance
CHENG Long，TANG Heng
Based on counterfactual thinking, taking 192 cities in China from 2006 to 2019 as samples, the regression control method (HCW) is used to empirically test the driving effect of policy synergy on green finance in low-carbon pilot cities and intellectual property demonstration cities. It also focuses on the transmission mechanism of green patent signals in the process of policy synergy affecting the development of green finance. The results show that policy synergy can bring significant positive impact on the development of urban green finance, and this conclusion has strong robustness; Whether in terms of quantity or quality, policy synergy can strengthen green patent signals to a certain extent, especially in strengthening high-quality green patent signals. In the process of green finance development driving by policy synergy in low-carbon pilot cities and intellectual property demonstration cities, only when the green patent application has a certain level of quality can it play an effective mediating effect of patent signal.
2024 Vol. 21 (6): 876- [
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886
The Logical Construction of Touchpoint Competition Based on the Perspective of Consumer Psychological Distance and Perceived Value
LIU Xiangdong，AN Ting
This study aims to explore the inherent mechanism of touchpoint competition by analyzing consumers’ touchpoint consumption behavior. After deepening the concept of “touchpoints”, we focus on mobile transaction touchpoints, extend the theoretical logic of store competition and channel competition, and suppose that the core of touchpoint competition lies in the difference in the psychological distance between touchpoints and consumers, and this hypothesis is tested using the stimulus-organism-response model (promotion intensity-perceived value-decision efficiency). Through progressive empirical tests based on real transaction data and experimental data, the results indicate that promotion intensity significantly enhances consumers’ decision efficiency, with perceived value playing an intermediate role. The psychological distance between consumers and touchpoints negatively moderates the promotional effects. Specifically, it negatively moderates the impact of perceived value on decision efficiency, meaning that touchpoints with a shorter psychological distance can increase the marginal benefits of promotions.
2024 Vol. 21 (6): 886- [
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897
The Evolution Process of Consumers and Their Social Network Input Based on Digitalized Interactive Platforms
LI Chunqing，XIONG Ziqi，ZHANG Jieli
Using grounded theory, this study explores how interactions between digitalized interactive platforms, consumers, and their social networks interact in different service cycles to create value. The results show that digitalized interactive platforms-based consumers and their social network inputs are as follows: First of all, in the initial service cycle, consumers are mainly influenced by their proximal social peers, involved in DIP, and form identity project results (alignment or misalignment). What’s more, in the subsequent service cycle, consumers gradually build stable social networks, interact continuously with social peers (proximal and distal), and form repetitive identity project results through recursive self-reflexivity. Socialization is the key to reconcile identity misalignment and delay consumers’ entry into the termination service cycle. Finally, to terminate the service cycle, consumers exit the consumption journey based on self-control and product conversion.
2024 Vol. 21 (6): 897- [
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908
Supplier Encroachment Strategies with Customer Switching
DAI Bin，DU Yuwen，YANG Qingbei，ZHANG Jiajie
Considering the problem of the supplier encroachment in the cross-border e-commerce industry, the direct-to-customer strategy model and platform agency selling strategy model are respectively constructed, both with and without the customer switching behavior. The impact of customer switching behavior on the channel encroachment strategies are analyzed. The results show that considering customer switching, when the wholesale price is high, with the increment of the proportion of non-loyal customers, the type of supplier’s optimal distribution channel strategy will first transfer from direct-to-customer to platform agency selling, and then end up with direct-to-customer. When the wholesale price is low, the supplier will always prefer direct-to-customer strategy. Furthermore, the results indicate that customer switching behavior would induce the supplier to select direct-to-customer strategy. In addition, customer switching behavior will promote differentiated pricing between the supplier and the platforms, and mitigate the price competition between them. Moreover, when the supplier and platform adopt differentiated pricing, the supplier’s optimal distribution channel strategy will make both the supplier and the platform better off, creating a win-win outcome.
2024 Vol. 21 (6): 908- [
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919
Value-Added Service Investment and Commission Pricing Strategies for Two-Sided Platforms under Aggregation Mode
HUANG Xiaoqiong，XU Fei
In this study, we consider a two-sided market composed of an aggregation platform and an embedded third-party one. By constructing a non-cooperative game model, this study explores the optimal VAS investment level and the corresponding commission strategy of the two platforms when they provide VASs to their consumers individually or simultaneously. After comparing the equilibrium results, it is found that the VAS investment of the aggregation platform contributes to the profit of the third-party one, but the VAS investment of the third-party platform may damage the profit of the aggregation one. Although implementing VAS investment may not be the best option for a platform from a revenue perspective, the investment does help the platform expand its consumer base. In addition, the optimal decisions of the two platforms are influenced by factors such as platform service efficiency and the cross network effects.
2024 Vol. 21 (6): 919- [
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928
Research on the Influence of Excess Goodwill on Capitalization of R&D Expenditure
AN Shiqiang，ZHANG Jinchang
This study examines the managerial accounting manipulation caused by excess goodwill from the perspective of capitalization of R&D expenditure. Taking A-share listed companies from 2007 to 2021 as samples, this study empirically examines the effect of excess goodwill on capitalization of R&D expenditure. The empirical study find that excess goodwill has a significant positive correlation with capitalization of R&D expenditure, and that excess goodwill encourages enterprises to increase capitalization of R&D expenditure to improve current accounting profit. The intermediary effect test shows that excess goodwill has a positive impact on the capitalization of R&D expenditure by increasing bank credit financing constraints and commercial credit financing constraints. Bank credit financing constraints and commercial credit financing constraints have partial intermediary effect. Heterogeneity analysis test shows that the positive correlation between excess goodwill and capitalization of R&D expenditure has differences in property right nature, technical level of industry and internal control quality. the positive impact of excess goodwill on capitalization of R&D expenditure is more common in non-state-owned enterprises, low-technology enterprises and enterprises with low internal control quality.
2024 Vol. 21 (6): 928- [
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938
Research on the Motivation of Enterprise Digital Transformation under Supply Chain Spillover Effects
LIU Chen，WANG Junqiu，HUA Guiru
Based on data of enterprise-customer relationship, the motivation of enterprise digital transformation is explored from the perspective of supply chain spillover. Taking A-share listed companies in Shanghai and Shenzhen from 2010 to 2020 as samples, it is found that customer digital transformation has a supply chain spillover effect and can drive the digital transformation of enterprises. The above results are mainly reflected in the enterprises with medium resource base and dynamic capacity, high customer concentration and short customer geographical distance. Further test finds that customer digital transformation drives enterprise digital transformation through reverse force effect and resource effect, and when the degree of customer digital transformation is high, the role of enterprise digital transformation in improving its market position is more obvious.
2024 Vol. 21 (6): 938- [
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