[an error occurred while processing this directive]
管理学报
　
Home |  About Journal  |  Editorial Board  |  Instruction  |  Subscriptions  |  Advertisement  |  Contacts Us  |  Chinese
　

Office

 　
　
 　 Author Center
　  Peer Review
　  Editor Work
　  Office Work
　  Editor-in-chief
　
　

Journal

 　
　
　  Forthcoming Articles
　  Current Issue
　  Next Issue
　  Advanced Search
　  Archive
　  Download Articles
　  Read Articles
　  Email Alert
　  
　
Quick Search  
  Advanced Search
Chinese Journal of Management
 
2025 Vol.22 Issue.9
Published 2025-09-01
1585 Research on the Mechanisms of Energy Enterprises’ Responses to Extreme Operational Scenarios from a Resourcefulness Perspective
LONG Yang，XU Hui，JIN Xiaojian，SONG Ruijie
Adopting a dual-case comparative study method, this research investigates the micro-mechanisms and implementation pathways through which energy firms address the complexity challenges of extreme operational contexts from a resourcefulness perspective. The findings reveal that: (1) In extreme operational contexts, resourcefulness of digital and physical resources is a critical activity that enables the integration of the two types of resources and the activation of data value to cope with complexity challenges. The core mechanism of such integration follows a dynamic cycle of “search-allocation-combination”. (2) Different from traditional studies of resource integration, heteropatric and homeopathic resource allocation strategies represent pivotal mechanisms that effectively bridge resource search and resource combination, serving as novel sources of resourcefulness in organizational resource utilization. (3) The mechanisms of digital-physical resourcefulness differ across types of operational challenges. Under precision-related challenges, firms tend to engage in opportunity-creation forms of resource utilization to manage uncertainty in complex environments, whereas under continuity-related challenges, firms are more inclined to adopt opportunity-discovery forms of resource utilization to mitigate the high-risk nature of complex environments.
2025 Vol. 22 (9): 1585- [Abstract] ( 86 ) [HTML 1KB] [ PDF 2125KB] ( 443 )
1596 The Digital Symbiosis Approach of Social Responsibility of Agricultural State-Owned Enterprises under the Background of Rural Revitalization：A Case Study of Digital Benefiting Farmers in Shandong Agricultural Development Credit Guarantee Co., Ltd
ZHANG Xin，XIN Jie，LIU Xinyue，DING Li
Based on the case of digital benefiting farmers in Shandong Agricultural Development Credit Guarantee Co., Ltd ，this study explores the digital symbiosis mechanism of social responsibility of agricultural state-owned enterprises under the background of rural revitalization applying the grounded theory research method. The results show that agricultural state-owned enterprises that take rural revitalization as the entry point of the scene promote symbiotic and prosperous development through the three-dimensional coordination of political responsibility, economic responsibility, and public welfare responsibility. In the logic of the role of digital empowerment in fulfilling the social responsibility of agricultural state-owned enterprises, the enterprises can leverage the benefits of data empowerment through data dividends, integrate the complexity of technology empowerment scenario management, and empower platforms based on the “N1N” channel to drive the systematic innovation of the development paradigm of digital empowerment. The social responsibility of agricultural state-owned enterprises evolves through symbiosis, building an efficiently operating ecosystem, and based on the shared responsibility of multiple parties, forming a social responsibility value network, which can achieve value co-creation with the goal of common prosperity.
2025 Vol. 22 (9): 1596- [Abstract] ( 74 ) [HTML 1KB] [ PDF 2751KB] ( 350 )
1606 How Can Srid Enterprises Continuously Improve Organizational Agility:An Exploratory Case Study Based on Jindalai
YU Kefa，ZHAN Tingyi，XIONG Tingyan，CAI Yuanjie
This study takes Jiangxi Jindalai Environmental Protection Co., Ltd. as the case study object and refines the path and mechanism of continuous improvement of agility of SRID enterprises through vertical deconstruction of its development process. The findings are as follows: ①SRID enterprises need to continuously improve organizational agility to mitigate the impact of drastic changes in the external environment. The path of agility improvement is mainly reflected in technical agility—product agility—operational agility. ②The path of continuous improvement of their agility presents an evolutionary trajectory of cognitive shaping—system integration—ability upgrade. ③The continuous improvement mechanism of agility of SRID enterprises mainly includes three key elements: boundary crossing, organizational adaptation and innovation ability. Through boundary crossing, enterprises can continuously improve the speed of responding to environmental uncertainties and gradually cultivate the development mindset of “internal and external cultivation”; through organizational adaptation, they can continuously revise their resource-centered actions and lay the foundation for the development of flexible innovation capability; through innovation capability, they can creatively make use of the internal and external available resources and core strengths to realize the leap in the organization’s capability.
2025 Vol. 22 (9): 1606- [Abstract] ( 72 ) [HTML 1KB] [ PDF 2727KB] ( 370 )
1618 The Impact Mechanism of Platform Enterprises’ Strategic Distinctiveness on Dynamic Capabilities from the Perspective of Optimal Distinctiveness
XIAO Bin，YANG Shuo，CHEN Jin
Based on the characteristics of platform firms, taking Chinese listed platform enterprises as the research object, the mechanism of strategic distinctiveness affecting firm performance and the mediating effect of dynamic capabilities are empirically investigated using optimal distinctiveness theory and dynamic capabilities theory, and the joint moderating effect of organizational legitimacy, firm age and platform firm type is dissected. The study finds that: The strategic distinctiveness of platform firms promotes firm performance, with dynamic capabilities playing a mediating role and organizational legitimacy playing a moderating role. Further study finds that the positive moderating effect of organizational legitimacy on the role of strategic distinctiveness in promoting dynamic capabilities becomes weaker when firms are older; this positive moderating effect increases when platform firms are dominated by innovation platforms.
2025 Vol. 22 (9): 1618- [Abstract] ( 80 ) [HTML 1KB] [ PDF 1369KB] ( 1596 )
1626 Research on the Identification of Peer Firms Based on High-Dimensional Semantic Vectors
WANG Wei，CHEN Fengwen，WANG Bing
For the precise delineation of market boundaries and uncover implicit relationship networks among firms, this paper proposes a method for identifying peer firms based on high-dimensional semantic vectors. We employ a neural-network language model to vectorize product descriptions in annual reports, generating semantic embeddings that capture firms’ economic similarities. Building on resource dependence theory, firms exhibiting high economic similarity are then identified as peer firms of the focal firm. We validate the method’s effectiveness using linear mean models. Results indicate that our approach significantly outperforms traditional industry classification methods in explaining focal firms’ performance and decision-making behaviors, while also exhibiting higher frequency in the composition of peer firms. Robustness checks based on stock-price co-movement further confirm the superiority of our method in characterizing inter-firm economic linkages, and we explore how the number of peers influences the measurement of economic similarity.
2025 Vol. 22 (9): 1626- [Abstract] ( 57 ) [HTML 1KB] [ PDF 2379KB] ( 309 )
1636 Research on the Impact of Party Organization Participation in Governance on Enterprise Cost stickiness from the Perspective of Resource Allocation Efficiency
CHEN Xiaofang，CHEN Xin，HONG Hong，CHEN Chenchunzi
From the perspective of resource allocation efficiency, this study empirically examines how Party organization participation in governance affects cost stickiness in Chinese A-share listed firms (2010~2019), and explores its institutional uniqueness and mechanisms. Results show that Party organization participation in governance significantly reduces cost stickiness and improves resource allocation efficiency, with a substitution effect observed between Party governance and supervisory board governance. Mechanism analysis reveals Party organizations exerts supervision effect, information effect and resource effect. Furthermore, it reduces cost stickiness by strengthening supervision, reducing information asymmetry and excessive investment, and alleviating financing constraints. The effect is more pronounced in non-state-owned firms, those in less marketized regions, and firms with lower shareholding ratio of institutional investors.
2025 Vol. 22 (9): 1636- [Abstract] ( 61 ) [HTML 1KB] [ PDF 1307KB] ( 266 )
1646 Research on the Double-Edged Sword Mechanism of AI Creativity Perception on Employee Innovative Behavior
YE Huili，ZHANG Pengcheng，WANG Yunru，ZHAO Xuhong
Drawing on social information processing theory, this study examines the daily influence of employees’ perceptions of AI creativity on their innovative behavior using the experience sampling method. Data were collected from 103 participants over five consecutive workdays, and a robustness test was conducted using a two-wave, supervisor-subordinate matched survey involving 385 paired responses. The findings reveal that daily perceptions of AI creativity positively predicted employees’ creative self-efficacy, which in turn enhanced their next-day innovative behavior. However, such perceptions also triggered technological anxiety, which in turn attenuated employees’ innovative behavior the next day. Furthermore, AI learning goal orientation moderated these relationships, shaping the effects of daily AI creativity perception on their innovative behavior.
2025 Vol. 22 (9): 1646- [Abstract] ( 148 ) [HTML 1KB] [ PDF 1413KB] ( 1081 )
1657 The Double-Edged Sword Effect of Bootleg Innovation Behavior on Employees’ Interpersonal Relationships in the Workplace
WANG Yongwei，WANG Jiahao，WU Weijie，SUN Tiantian
Based on the theory of affective events, this study empirically examined the double-edged sword effect of bootleg innovation behavior on workplace interpersonal relationships using 264 sets of employee-colleague matched data analyzed with SPSS and M-plus. The results reveal that: bootleg innovation simultaneously enhances employees’ workplace status while triggering colleague exclusion; colleague admiration plays a mediating role in the process of bootleg innovation affecting workplace status; colleague envy mediates the relationship between bootleg innovation and colleague ostracism; team-member exchange relationship demonstrate negative and positive moderating roles in the effects of bootleg innovation on colleague admiration and envy respectively. Specifically, under high-quality team-member exchange relationship, bootleg innovation exhibits stronger impacts on colleague envy and weaker effects on colleague admiration.
2025 Vol. 22 (9): 1657- [Abstract] ( 80 ) [HTML 1KB] [ PDF 1336KB] ( 381 )
1668 Research on the Influence of Firm Digital Capability on Employee Intrapreneurship from the Perspective of Resource Orchestration Theory
LIU Xiayi，WAN Wenhai，XIAO Xian，HE Yueying
Drawing on the resource orchestration theory, this study examines the impact of digital capability on employee intrapreneurship. Results of 266 two-wave matched data from senior managers and employees show that digital capability has a positive impact on employee intrapreneurship. Both organizational modularity and organizational flexibility mediate the relationship between digital capability and employee intrapreneurship. Furthermore, senior managers’ paradoxical thinking not only moderates the direct linkage between digital capability and organizational modularity as well as organizational flexibility, but also strengthens the indirect effects of digital capability on employee intrapreneurship via these mediators. Compared to senior managers with low paradoxical thinking, those with high paradoxical thinking are more likely to utilize digital capabilities to enhance employee intrapreneurship via organizational modularity and organizational flexibility.
2025 Vol. 22 (9): 1668- [Abstract] ( 58 ) [HTML 1KB] [ PDF 1234KB] ( 719 )
1676 A Comparative Analysis of the Impact of the Individual Values of New Power on Promotive Voice and Prohibitive Voice
ZHAO Shusong，LUO Wenhua
Based on the approach-inhibition theory of power, this study examines and compares the mechanism of the individual values of new power on two kinds of voice behavior, using 341 two-point questionnaires. The results show that the individual values of new power have a significant positive effect on both promotive voice and prohibitive voice, and approach motivation plays a partial mediating role between these two pathways. Relatively speaking, the individual values of new power have a more obvious effect on prohibitive voice, and the approach motivation plays a more significant mediating role in the relationship between individual values and promotive voice. Learning goal orientation positively moderates the mediating role of approach motivation between individual values and voice behavior, whereas the performance-avoiding orientation negatively moderates the mediating role of approach motivation between the individual values of new power and prohibitive voice.
2025 Vol. 22 (9): 1676- [Abstract] ( 68 ) [HTML 1KB] [ PDF 1539KB] ( 357 )
1687 Research on the Configuration Model and Path of Incubator Value Co-Creation Under the Perspective of Collaborative Innovation
XIANG Yuwen，LONG Shujie，WU Wenqing
Selecting 60 representative technology business incubators in China as research samples, we adopt the Grounded Theory to excavate the core elements of collaborative innovation, and introduce fuzzy-set qualitative comparative analysis (fsQCA) to explore the joint influence of multiple collaborative elements on the results of value co-creation as well as the interaction between different collaborative elements. Furthermore, we conduct an analysis of non-high value co-creation paths in incubators. The study shows that: the elements of collaborative innovation within the incubator system can be divided into three dimensions: ecosystem, resources, and interaction, specifically including six elements: network, incubation chain, policy, capital, technology, and knowledge; individual synergistic elements do not constitute the necessary conditions for the high-value co-creative performance of the incubator, but technological synergy plays an important role; six paths exist that lead to high value co-creation performance in incubators, and four types of value co-creation models are obtained by categorizing them according to characteristics: capital-driven all-element model, technology-driven knowledge synergy model, technology-driven network synergy model, and technology-driven incubation chain synergy model.
2025 Vol. 22 (9): 1687- [Abstract] ( 66 ) [HTML 1KB] [ PDF 1466KB] ( 339 )
1697 The Impact of Corporate ESG Responsibility Fulfillment on Collaborative Innovation from the View of Incomplete Contract
WANG Xi, XIE Huobao, LIU Xiaolong
Based on the perspective of incomplete contracts, this study explores the impact of corporate ESG responsibility fulfillment on collaborative innovation using a sample of Chinese A-share listed companies from 2009 to 2022. The findings reveal that ESG responsibility fulfillment significantly enhances corporate collaborative innovation output. Heterogeneity tests indicate that the positive effect is more pronounced in regions with poor contractual enforcement environments, among firms with higher corporate financial risks, larger-scale firms or state-owned firms. Mechanism analysis identifies three channels through which ESG responsibility fulfillment exerts its governance effects: mitigating information asymmetry, enhancing corporate reputation, and reducing transaction costs. Further analysis shows that ESG responsibility fulfillment not only increases the quantity of collaborative innovation output but also improves its quality, thus achieving both quantity growth and quality improvement.
2025 Vol. 22 (9): 1697- [Abstract] ( 74 ) [HTML 1KB] [ PDF 1286KB] ( 335 )
1707 The Effect of Performance Feedback on Cooperative Innovation Partner Selection
CHEN Yongheng，SU Taoyong，WANG Ke，LIU Shuling
Drawing on the performance feedback theory and knowledge-based view, we investigate the effect of performance feedback on the selection of cooperative innovation partners from a cognitive-behavioral perspective, along with the moderating roles of executives’ network centrality and academic experience. Using listed companies in China’s pharmaceutical manufacturing industry firms from 2008 to 2022, Tobit empirical tests reveal that the cooperative innovation level between firms with performance shortfalls (performance surpluses) and industry organizations presents a U-shaped (inverted U-shaped) relationship, while the cooperative innovation level between underperforming (overperforming) firms and academic organizations presents an inverted U-shaped (U-shaped) relationship. Moreover, the executives’ network centrality in the industry intensifies the inverted U-shaped relationship between firms with performance surpluses and industry collaborative innovation. Additionally, executives’ academic experience enhances the inverse U-shaped relationship between underperforming firms and academic collaboration, while diminishing the U-shaped relationship between outperforming firms and academic collaboration.
2025 Vol. 22 (9): 1707- [Abstract] ( 57 ) [HTML 1KB] [ PDF 1213KB] ( 237 )
1715 Research on the Influence of Manufacturer Hierarchy Culture on Channel Economic Performance
ZHANG Chuang，LIU Mengxiao，E Mandi
Drawing on hierarchy theory, this research explores the influence of manufacturers’ hierarchical culture on channel economic performance and its boundary conditions at the level of regional environment (marketization and Confucianism) and inter-firm relationship (customized contract and renqing) from the dual perspectives of market logic and emotional logic. To test its hypotheses, this research integrates primary survey data and secondary data. The results show that manufacturers’ hierarchical culture contributes to improving channel economic performance; at the regional environmental level, marketization and Confucianism weaken the positive effect of hierarchical culture on channel economic performance; at the inter-firm relationship level, customized contract and renqing weaken the positive effect of hierarchical culture on channel economic performance.
2025 Vol. 22 (9): 1715- [Abstract] ( 49 ) [HTML 1KB] [ PDF 1620KB] ( 238 )
1725 The Research on the Effect of Referral Reward Scarcity on the Referee’s Acceptance Intention
KUANG Di，MA Baolong，LI Xiaofei
Based on commodity theory, this study developed a theoretical framework for the effect of referral reward programs on acceptance intention under the context of reward scarcity, and explored the relevant mechanism and boundary conditions. Three situational experiments revealed that reward scarcity could significantly increase the acceptance intention. During this process, the level of perceived specialness acts as a mediator. Furthermore, when there is a strong tie between the referrer and the referee or the product is a hedonic good, reward scarcity has a greater impact on the referee’s acceptance intention by elevating their perceived specialness. However, when the tie between the referrer and referee is weak or the product is a utilitarian good, the positive impact of reward scarcity on the acceptance intention tends to diminish.
2025 Vol. 22 (9): 1725- [Abstract] ( 57 ) [HTML 1KB] [ PDF 1467KB] ( 762 )
1734 Research on Emergency Material Option Reserve Model Based on Uncertainty of Disaster Intensity
WANG Lin，ZOU Jing，WANG Sirui
To address the uncertainty and staged nature of demand for emergency relief materials, this paper develops a two-stage stochastic programming model from the perspective of the government, building upon existing public-private joint reserve models and aiming to minimize the total reserve cost. The model incorporates the assumption that both supply and demand of materials are dependent on disaster intensity, introduces a post-disaster staged delivery mechanism, and replaces traditional shortage cost formulations with chance constraints on demand satisfaction probabilities, thereby avoiding the need for complex shortage quantification. Using historical disaster data from Beijing between 2004 and 2020, a case study is conducted to examine the applicability of option contracts in joint reserve planning. Sensitivity analyses on key parameters, such as service level probability and inventory cost, suggest that compared to conventional single-stage delivery, the staged delivery mechanism is more cost-effective and reduces supply risks.
2025 Vol. 22 (9): 1734- [Abstract] ( 61 ) [HTML 1KB] [ PDF 2393KB] ( 245 )
1743 The Evolution of China’s Passenger Automobile Industry under the Influence of the Dual-Credit Policy
ZHAO Pu，MA Shaochao，AN Haizhong，WANG Ya
Based on agent-based modeling, this study constructs a simulation model of the credit trading mechanism covering all domestic manufacturers in China’s passenger car market. It explores the policy effects on the electric vehicle market up to 2035 from a macro level. The evolution of production decisions is discussed from a micro level. The main conclusions are as follows: ①In the current development stage of China’s electric vehicles, the dual-credit policy is more conducive to increasing the market share of electric vehicles, and can replace subsidies as the primary industrial policy for electric vehicles. ②If the conditions of the dual-credit policy remain unchanged, the phased target penetration rate of electric vehicles in 2035 can be exceeded by implementing the dual-credit policy alone. ③The dual-credit policy is more conducive to accelerating the transition to electrification of large fuel car enterprises than subsidy policy. ④The credit trading mechanism will be most effective before 2030.
2025 Vol. 22 (9): 1743- [Abstract] ( 58 ) [HTML 1KB] [ PDF 3620KB] ( 268 )
1754 Research on Government-Enterprise Joint Reserve Model of Emergency Materials Based on Financial Leasing
CHEN Haibo，WANG Zongjun，ZHONG Qin，YU Xuesong
This paper introduces financial leasing into the emergency material reserve model, and constructs a government-enterprise joint reserve model based on financial leasing. This paper has described and solved the reserve models of the government alone, the financial leasing model of the government-enterprise joint reserve, and the centralized reserve model, and obtained the optimal expected profits and optimal expected costs of enterprises in the three models. Through a numerical example, this paper has conducted a comparative analysis of the relevant equilibrium solutions of the three models. The results show that: under the model of government’s sole reserve , the physical reserve volume is maximized; when adopting a combination of return lease and direct lease in the government-enterprise joint reserve model based on financial leasing, the physical reserve volume is minimized and the pre-storage production volume is maximized; in the centralized decision-making model of government-enterprise joint reserve based on financial leasing, when an enterprise adopts financial leasing’s sale-leaseback and direct lease models, the total reserve of materials is the largest, and when an enterprise adopts the sale-leaseback mode of financial leasing, the total cost of the government and an enterprise is the smallest.
2025 Vol. 22 (9): 1754- [Abstract] ( 42 ) [HTML 1KB] [ PDF 1426KB] ( 207 )
1763 Research on the Impact of Asset Liability Constraints Strengthening on Investment-Financing Maturity Mismatch of State-Owned Enterprises
HU Yunge，LI Yanxi，WANG Duo，LIU Yanwen
Based on the data of state-owned listed companies from 2012 to 2023, this paper employs a generalized difference-in-differences model according to the typical characteristic of soft budget constraints of state-owned enterprises to test the impact of the Guiding Opinions on Strengthening the Asset Liability Constraints of State-Owned Enterprises on the investment and financing maturity mismatch of state-owned enterprises. The research finds that after the implementation of the Opinion, the investment-financing maturity mismatch of state-owned enterprises with strong budget soft constraints has been significantly reduced, and this process is mainly achieved through two mechanisms: strengthening internal capital accumulation and reducing policy burden. Heterogeneity analyses find that this economic effect is mainly reflected in state-owned enterprises with high managerial risk preferences, strong agent opportunism, and weak external supervision.
2025 Vol. 22 (9): 1763- [Abstract] ( 66 ) [HTML 1KB] [ PDF 1323KB] ( 415 )
1774 Research on the Peer Effect of Listed Companies’ Leverage Manipulation
CHEN Hong，LIN Shuang，SHI Zheng，WANG Shaohuang
Based on panel data of A share listed firms in Shanghai and Shenzhen from 2007 to 2021, this study investigates the industry peer effect of leverage manipulation among Chinese listed companies, along with its underlying mechanisms, influencing factors, and economic consequences. The results indicate a significant industry peer effect of corporate leverage manipulation. Mechanism analysis reveals that this effect is primarily driven by industry competition, information environment, and corporate financing. Heterogeneity analysis further shows that, at the firm level, the peer effect of leverage manipulation is mainly influenced by ownership structure, capital structure, and information opacity. Externally, the level of financial development, institutional investor monitoring, and regulatory environment constitute key factors affecting the peer effect of leverage manipulation. Finally, the analysis of economic consequences suggests that the peer effect of leverage manipulation exacerbates corporate over leverage, impairs financial stability, and reduces operating performance.
2025 Vol. 22 (9): 1774- [Abstract] ( 59 ) [HTML 1KB] [ PDF 1280KB] ( 422 )
管理学报
　

News

 　
　
































　　　　　　　　       　More 
　

Member Service

 　
　 　
　

Links

 　
　
   CNKI
   WanfangDATA
   CSMM
　　　　　　　　       　More 
 
Copyright  ©  CHINESE JOURNAL OF MANAGEMENT
Support by Beijing Magtech Co.ltd   support@magtech.com.cn