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Chinese Journal of Management
2024 Vol.21 Issue.7
Published 2024-07-01
949
Platform Enterprises and Inclusive Entrepreneurship——A Case Study Based on a Symbiotic Relationship Perspective
SHAN Biaoan，REN Hongyun，BI Qingqing，LIANG Qiang
This study selects inclusive entrepreneurs on the digital platforms as research subjects to explore the relationship between digital platforms and inclusive entrepreneurship from the symbiotic perspective. Based on case studies, it is found that Douyin platform could support inclusive entrepreneurship well. Digital platforms support inclusive entrepreneurship by enhancing entrepreneurial elements (including entrepreneurial opportunities and resources). Besides, inclusive entrepreneurs could influence platforms by providing data and content. This study also found that the symbiotic relationship between digital platforms and inclusive entrepreneurs is an important basis for mutual support between them.
2024 Vol. 21 (7): 949- [
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960
A Study on the Mechanisms of Resource Orchestration and Second-Stage Entrepreneurship of Small and Medium-Sized Enterprises (SMEs) in the Context of Government-Enterprise Linkage——Taking Jiangxi Nankang Furniture as an Example
XU Xixiong，LIN Cuiliang，WU Linchun，YAN Youliang，YANG Kaijun
This study takes the secondary entrepreneurship process of Jiangxi Nankang Furniture as a case background, and reveals the internal mechanism and realization path of government-enterprise linkage to carry out resource orchestration activities to help SMEs build an entrepreneurial ecosystem. The findings of this study are as follows：① the secondary entrepreneurship practice of SMEs includes the resource orchestration process of“resource integration (structuring)—resource bridging (capability)—resource restructuring (leveraging) ”, and the entrepreneurial leap is achieved through the accumulation of energy, platform empowerment and competitive release of energy. ②The SMEs’ second entrepreneurship has gone through a sequential process of cognitive awakening, organizational evolution and value release, and the roles of key actors at different stages show a dynamic evolutionary feature of “government-led, incumbent enterprises responding→government-led, core enterprises pulling→government regulation, industrial ecology coupling”. ③SMEs break through the bottleneck of existing resources and capabilities by starting a second business, and shape the entrepreneurial ecosystem by activating the entrepreneurial willingness, upgrading the value chain and integrating the ecosystem as a path.
2024 Vol. 21 (7): 960- [
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970
Antecedents of Subsidiary’s Embeddedness from the Perspective of Whole Network
ZHAO Yuejiao，ZHANG Guanglei
From the perspective of whole network in social network theory, each business group in this study is regarded as a holistic network. The impact of external factors, internal factors, and network characteristics at different levels of business group network on subsidiary’s embeddedness is analyzed using business groups with multiple listed subsidiaries as samples. The results show that the embeddedness of subsidiaries in local market is negatively correlated with their embeddedness in business group network, and the status of subsidiaries in industry is positively correlated with their embeddedness in business group. The stronger the profitability of subsidiaries compared to other member firms, the deeper their embedding in the business group network. The centralized management of business groups，the group size, and industry overlap have increased subsidiaries’ embeddedness.
2024 Vol. 21 (7): 970- [
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70
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982
Research on the Impact of Executive Pay Gap on Enterprise Digital Transformation
NIU Biao，YU Xiang，DING Yanan，TAO Yunqing
Based on the data of Shanghai and Shenzhen A-share listed companies in China from 2007 to 2021, this study constructs and tests the role of executive pay gap on enterprise digital transformation and its role scenario. The research shows that there is a significant difference between the type of pay gap of the executive team and the enterprise digital transformation, in which the vertical pay gap and the external pay gap have a significant promoting effect on the enterprise digital transformation, and the horizontal pay gap has a significant inhibiting effect on the enterprise digital transformation. The results show that the external environment, including the level of industry competition, regional trust and environmental uncertainty, has a moderating effect on the relationship between executive team pay gap and digital transformation. Corporate attributes, including property rights, technological attributes and competitive strategies, have a heterogeneous impact on the relationship between executive team pay gap and corporate digital transformation.
2024 Vol. 21 (7): 982- [
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992
The Top-Down Effects of Leader Complex Emotional Expression Based on Emotion-as-Social-Information Theory and Uncertainty Management Theory
HONG Beier，MAO Jianghua，LIAO Jianqiao
Using a literature review approach and addressing practical application needs, this study explores the interpersonal impact of a leader’s complex emotional expressions towards subordinates. First, based on the analysis on the concept of complex emotions and from the perspective of the emotional process of “generation-experience-expression-recognition”, this study elucidates the origins and interpersonal manifestations of complex emotions. Second, based on the theories of emotion-as-social-information and uncertainty management, this study formulates a theoretical model of the downstream effects of a leader’s complex emotional expressions. It explicates the transmission of leader thinking information, subordinate identity information and environmental uncertainty information through complex emotions, further exploring their impact on subjective and objective leadership effectiveness. Finally, the study discusses the theoretical implications and future research directions.
2024 Vol. 21 (7): 992- [
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1002
The Inverted U-Shaped Relationship between Negative Emotion and Creativity of Low-Status Members within Teams
CHANG Tao，CHEN Sitong，LIU Zhiqiang，JING Baofeng
Based on activation theory, the theoretical model is constructed to explore the inverted U-shaped effect of negative emotion on creativity of low-status members within teams under approach-avoidance motive framework. The relative field test was implemented by the valid data collected from 578 employees of 120 teams. The results show negative emotion has an inverted U-shaped relationship with the creativity of low-status members within teams. Status stability and status disparity both take moderating roles in the above relationship. Specifically, compared with higher status stability, lower status stability strengthens the positive influence of lower negative motion on the creativity of low-status members and weakens the negative influence of higher negative motion on their creativity, where the inflection point of the inverted U-shaped effect is higher. Compared with higher status disparity, lower status disparity strengthens the positive influence of lower negative motion on the creativity of low-status members and weakens the negative influence of higher negative motion on their creativity, where the inflection point of the inverted U-shaped effect is higher.
2024 Vol. 21 (7): 1002- [
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1013
Research on the Construction Definition，Scale Development and Moderating Effect of the Employee Paradoxical Cognitive Framework: Based on the Holistic Cognitive View
YANG Yong，CAO Jingzhu，WU Tong，PAN Liru
Based on the theoretical perspective of holistic cognition and cognitive taxonomy, this study defines the local construction of the employee paradoxical cognitive framework, develops its scale and analyzes the moderating effect of the local construction of the employee paradoxical cognitive framework. In the first study, by successively collecting 880 enterprise employee samples in 3 groups and following strict scale development procedures, we define three dimensions of the local construction of the employee paradoxical cognitive framework, a total of 12 items, including the holistic cognition of the learning paradox (6 items), the holistic cognition of the performing paradox (3 items) and the holistic cognition of the belonging paradox (3 items). In the second study, by collecting a sample of 298 enterprise employees, the results find that the local construction of employee paradoxical cognitive framework weakens the relationship of tension experience and performance-innovation ambidextrous behavior.
2024 Vol. 21 (7): 1013- [
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1023
A Study of the Impact of Corporate Venture Capital and Defense Mechanisms on New Ventures’ Technology Innovation Performance
QIAO Mingzhe，ZHANG Yuli，ZHANG Xuan，YAN Haizhou，SONG He
Based on related literature, hypotheses about influence of CVC and the potential defense mechanisms of new ventures were developed, and empirically tested by patent application data of listed firms from Shenzhen Growth Enterprise Market from year 2009 to 2020. The results indicate that: ①there is a significant negative correlation between CVC and new ventures’ technological innovation performance; ②there is a significant U-shape curvilinear relationship between CVC shareholding ratios and new ventures’ technological innovation performance; ③business relevance between investors and new ventures do not moderate the relationship between CVC shareholding ratios and new ventures’ technological innovation performance, while firm age and intensity of intellectual property protection have moderation effects on the above relationship.
2024 Vol. 21 (7): 1023- [
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1034
Research on the Impact and Mechanism of Corporate Strategic Deviance and Innovation
HU Zhiliang，YOU Biying，ZHENG Minggui
This study improves the portrayal of corporate strategic deviance variables based on existing research methods, and empirically investigates the relationship between corporate strategic deviance and innovation. The results show that greater strategic deviance inhibits innovation, and that external competitive pressures and internal pay incentives reinforce the negative effect of corporate strategic deviance on innovation. Further research shows that the negative impact of corporate strategic deviance on innovation is characterized by an increasing non-linear “marginal effect”, which is further reinforced by external competitive pressures and internal pay incentives. By portraying the analysis of innovation performance at different levels, the results show that the degree of corporate strategic deviance hinders innovation efficiency at the employee level, reduces the willingness to innovation at the managerial level, and reduces the quality of innovation at the firm level. Finally, the cross-sectional heterogeneity results show that external transaction costs and internal control costs can both strengthen the negative effect of corporate strategic deviance on innovation.
2024 Vol. 21 (7): 1034- [
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1046
Research on Dual Effects of Digital Transformation on Enterprise Innovation Resilience
LU Zhengwen，XU Kang
Using Chinese A-share listed companies from 2010 to 2021 as samples, this study examines the mechanism of how digital transformation affects enterprise innovation resilience and further analyzes the boundary effects of distinct lifecycle attributes. The study uncovers a significant inverted U-shaped relationship between digital transformation and enterprise innovation resilience. Across various phases of the enterprise lifecycle, digital transformation notably bolsters innovation resilience during the growth phase. Meanwhile, in the mature and decline phases, digital transformation and innovation resilience maintain an inverted U-shaped relationship, but the empowering scope of digital transformation during the decline phase is comparatively diminished. Moreover, the findings are also corroborated by the analysis based on intermediary mechanisms.
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1056
A New Energy Vehicle Online Recommendation Method Considering the Relationship between Aspiration Strength and Attribute Compensation Relationship
XU Chang，ZHAO Meng，MENG Xinyu，ZHAO Xinmiao
Based on consumers’ attribute aspiration, this study combines flexible decision and theory of compensation principle, defines aspiration strength and attribute compensation relationship, clarifies the method of integrating attribute aspiration and aspiration strength, the rules of product attribute compensation, and proposes the online selection method of new energy vehicles considering aspiration strength and attribute compensation relationship. Combining the evidence theory and consumer risk preference, we propose an online ranking method, and realize the online recommendation of vehicles that satisfy aspiration for consumers. The results show that: Compared with the recommendation method that considers the strictly attribute aspiration, the method that considers both aspiration strength and attribute compensation relationship, can avoid the comprehensive cost-effective models being ignored due to the strictly attribute aspiration. Adopting evidential reasoning combined with consumers’ risk preferences to determine model priorities can more accurately recommend new energy vehicles that satisfy personalized aspiration for consumers.
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1067
Research on Security Disclosure Strategies for Cloud Platforms under Insurance or Certification
LU Xinman，FU Yuning，WANG Jun，ZHANG Boxin，LI Bo
Aiming at a cloud service supply chain composed of one cloud application developer and one cloud platform operator, a signal game model and an information sharing model are constructed to compare and analyze the optimal security information disclosure strategies of the cloud platform operator under three scenarios: only insured, only certified, and both insured and certified, and the effects of cloud authentication on consumer surplus and social welfare are discussed. The research shows that signaling by the level of insurance can realize the separating equilibrium, but the cloud platform operator must bear the signaling cost when operating cost is less than its threshold. The cloud platform operator is profitable when cloud authentication brings users a high utility. Regardless of utility levels of cloud certification, the cloud platform operator prefers the dual strategy of both insurance and certification; and governmental subsidies for cloud certification can effectively enhance consumer surplus and total social welfare.
2024 Vol. 21 (7): 1067- [
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1077
Research on the Impact of Government Procurement on Suppliers’ Digital Transformation
WANG Ruzhou，ZHOU Huiyang，ZHANG Xiyu，XIN Fu
Using the customer information disclosed in the annual report of A-share companies from 2009 to 2020, this study examines the impact of government procurement on the digital transformation of suppliers. The results show that government procurement has significantly promoted the digital transformation of suppliers. The heterogeneity test finds that government procurement can promote the digital transformation of suppliers more than SOE procurement, and continuous government procurement can promote the digital transformation of suppliers more than temporary government procurement. From the perspective of suppliers, private enterprises, SMEs and high-tech industry enterprises benefit more from the digital transformation promotion effect of government procurement. This study also reveals that government procurement promotes the digital transformation of supplier enterprises through specific mechanisms such as creating demand for digital products and services, the spillover effects of knowledge and technology from the digitalization efforts of government customers, and alleviating internal and external financing constraints of suppliers.
2024 Vol. 21 (7): 1077- [
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1087
An Evolutionary Game Analysis of Retailers’ Price Inflating Behavior Considering Social Learning under Emergencies
WANG Ke，MA Xuan，ZHANG Quanxin
Concerning the price-inflating behavior of retailers under emergencies, the social learning theory is innovatively introduced to construct an evolutionary game model to explore the impact of social learning and related factors on system evolution through numerical simulation. The results show that as the intensity of social learning increases, the social learning effect has a greater impact on retailers’ price-inflating decisions, thus prompting more retailers to inflate prices. However, the threshold of initial participation proportion that leads retailers to evolve towards price inflating decreases with the increase of social learning intensity. Increasing the punishment and exposure of price inflation, avoiding the “laws fail where the violators are legion”, and increasing subsidies, significantly reduced the influence of the social learning effect on the evolutionary trend of the system, thereby prompting more retailers not to inflate prices.
2024 Vol. 21 (7): 1087- [
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1097
Green Product R&D Innovation and Government Subsidy Strategy Considering Consumer Piracy Concerns under Blockchain
GAO Peng，NIE Jiajia，XUE Jia
In order to solve the problems of product trust declining caused by consumers’uncertain perception of green product, the green product innovation and government subsidy decision-making models under traditional and blockchain supply chains are constructed, and the impacts of blockchain adoption on product greenness, market demand, and economic profits are compared and analyzed. Results show that only when the cost of consumer privacy concerns is lower than a certain threshold, can manufacturers be motivated to adopt blockchain technology, which will help to increase the level of product greenness and make more profits for supply chain members, but not necessarily improve market demand. Under the moderate cost of privacy concern, blockchain may induce the emergence of “high price and low green” products, reducing consumer surplus. The increase in government environmental performance concerns under blockchain may lead to an increase in green subsidies but a decrease in social welfare.
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