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01 August 2026, Volume 23 Issue 8
    

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  • Study on Value Co-Creation Mechanism of Alliance-Led Industrial Ecosystems: A Case Study of Ant Alliance Retail Ecosystem
    ZHANG Shuai, JIN Zhaoxi, SU Jingqin, MA Huanhuan
    Chinese Journal of Management. 2026, 23(8): 1387.
    Abstract ( ) Download PDF ( )   Knowledge map   Save
    Based on a case study of the Ant Alliance Retail Ecosystem, this study adopts the ecosystem orchestration perspective to systematically explore the mechanisms through which value co-creation is realized. The findings reveal that alliance-led industrial ecosystems exhibit a three-layer nested structure, wherein the core organization layer, alliance member layer, and ecosystem periphery layer interlock to form the foundation for multi-actor interaction; alliance organizations achieve integrative, interactive, and complementary value co-creation with participants across different layers via ecosystem orchestration; as a distinctive demand-side subject, alliances demonstrate significant differences from other demand-side actors across multiple value co-creation dimensions.
  • From “Knowledge Precedes Action” to “Unity of Knowledge and Action” ——A Study on the Emergence Process and Mechanisms of Corporate Dynamic Capabilities Driven by Confucian Culture
    XI Jing, YUAN Xuechen, CAI Jiani, WU Xiaojie
    Chinese Journal of Management. 2026, 23(8): 1398.
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    Combining the Confucian philosophical idea of “unity of knowledge and action” with the theoretical framework of “non-cognitive” microfoundations of dynamic capabilities, this study employs an exploratory multi-case study method to investigate the process and micro-mechanisms of enterprise dynamic capabilities emergence driven by Confucian culture. The findings reveal: (1) The driving force of Confucian culture on enterprise dynamic capabilities follows a top-down path, transitioning from moral guidance to business empowerment, and undergoes three stages: formation of higher-order non-cognitive microfoundations, formation of lower-order non-cognitive microfoundations, business embedding of non-cognitive microfoundations; (2) Three mechanisms underpin this process: the performance feedback mechanism encourages individuals to achieve “unity of knowledge and action”, enabling Confucian culture to “take root in the mind”; the social learning mechanism facilitates the diffusion of “non-cognition” from higher-order to lower-order levels, allowing Confucian culture to “reach people”; and the legitimization mechanism transforms tacit “non-cognition” into imitable “best practices”, enabling Confucian culture to “achieve results”. This study bridges the divide between the two major schools of dynamic capability theory, reveals the black box of how Confucian culture influences dynamic capability, and enriches the theoretical achievements of dynamic capability based on China's philosophical thought.
  • The Impact of Industrial Intelligence and Technology Spillover from Related Enterprises on Total Factor Productivity
    GUO Jinhua, CHANG Shuaiwen, XIE Yanxiang
    Chinese Journal of Management. 2026, 23(8): 1411.
    Abstract ( ) Download PDF ( )   Knowledge map   Save
    Based on the data of listed manufacturing companies from 2011 to 2022, this study empirically investigates the impact of industrial intelligence and technology spillover from associated enterprises on the improvement of total factor productivity. The research findings are as follows: ①Industrial intelligence promotes the improvement of total factor productivity of enterprises, which horizontal technology spillovers between enterprises in the same industry and vertical technology spillovers between enterprises in upstream and downstream industries are conducive to promoting the improvement of total factor productivity of enterprises. ②Industrial intelligence enhances the technology spillover of related enterprises by promoting deeper professional division of labor and efficient matching of the supply and demand among enterprises, thus promoting the improvement of total factor productivity. ③The abundant internal resource conditions of enterprises and the moderate external industry competition environment are conducive to enhancing the productivity empowerment effect of industrial intelligence. Accelerating industrial intelligence leads to a surge in enterprise production costs and management costs, which will lead to the “productivity paradox” to a certain extent.
  • Research on the Impact Mechanism of Political Connections on Leading Agricultural Enterprises’ Participation in Rural Industrial Revitalization
    TAN Xiang, HU Gaoxi, OU Xiaoming
    Chinese Journal of Management. 2026, 23(8): 1420.
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    Based on survey data from 1,085 leading agricultural enterprises in Guangdong Province from 2019 to 2022, this study empirically examines the mechanism through which political connections affect leading agricultural enterprises’ participation in rural industrial revitalization. The results indicate that political connections positively affect leading agricultural enterprises’ participation in rural industrial revitalization, with fiscal support serving as a partial mediator between the two. Moreover, both policy-sensing capability and market-sensing capability exert moderating effects at both stages of the pathway of “political connections—fiscal support—leading agricultural enterprises’ participation in rural industrial revitalization”. In the first stage, both capabilities strengthen the positive impact of political connections on fiscal support. In the second stage, they both amplify the positive impact of fiscal support on enterprises’ promotion of integration of the primary, secondary, and tertiary industries and provision of social services, while attenuating the positive impact of fiscal support on enterprises’ engagement in linking with and driving farmers, ensuring agricultural product supply, leading technological innovation, advancing green development, and building well-known brands.
  • The Impact of Subjective Socioeconomic Status on Psychological Contract Formation and Work Engagement
    CHEN Feiyue, JIANG Tian, LAI Shanshan, ZHANG Yinghui, WANG Lin
    Chinese Journal of Management. 2026, 23(8): 1432.
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    Drawing on the behavioral perspective on decisions under scarcity, this study investigates how subjective socioeconomic status (SSES) influences psychological contract formation and work engagement, and examines the moderating effect of perceived social support across two studies. Based on a field survey employing experience sampling method, Study 1 revealed that SSES was positively associated with relational contract, which in turn predicted higher work engagement. However, the negative association between SSES and transactional contract was not supported. Perceived social support significantly strengthened the positive relationship between SSES and relational contract, as well as the negative relationship between SSES and transactional contract. Moreover, perceived social support moderated the indirect effect of SSES on work engagement through relational contract, but not through transactional contract. Study 2, utilizing multi-wave survey data from 224 employees, further validated the primary findings of Study 1. Study 2 also found that perceived social support significantly moderated the indirect effects of SSES on work engagement through both relational and transactional contracts.
  • The Positive Spillover of Workplace Renqing Perception into the Family Domain
    REN Han, SUN Shiwei, CUI Xinru
    Chinese Journal of Management. 2026, 23(8): 1445.
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    Drawing on the self-determination theory, this study constructs a theoretical model to explore the mechanism through which employees’ perception of workplace renqing exerts positive spillovers to their family domain. In this model, workplace renqing perception serves as the independent variable, psychological need satisfaction and subjective vitality serve as two serial mediators, job stress serves as the moderator, and work to family enrichment serves as the outcome variable. Based on analyses of 300 observations from the scenario experiment and 288 responses from the two-wave survey of full-time employees, the results provide overall support for our hypotheses. The findings showed that workplace renqing perception has a significant positive effect on work to family enrichment; psychological need satisfaction and subjective vitality function as mediators as well as serial mediators; job stress not only negatively moderates the relationship between psychological need satisfaction and subjective vitality, but also negatively moderates the indirect effect of workplace renqing perception on work to family enrichment via psychological need satisfaction and subjective vitality.
  • Research on the Impact of Value Co-creation Incentive and Corporate Culture on the Talent Competitiveness of Private Enterprises
    YUE Guolin, LEI Zhenyang, CAI Yue
    Chinese Journal of Management. 2026, 23(8): 1459.
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    Based on the theoretical perspective of value co-creation, this study refines the construct of value co-creation incentive and, using private enterprises in Shandong Province as the research sample, explores the relationships among value co-creation incentive, corporate culture, and talent competitiveness of private enterprises. The results show that value co-creation incentive has a significant positive impact on the talent competitiveness of private enterprises, among which the dimension of achievement incentive has the strongest influence. After corporate culture is introduced as a moderating variable, it is found to have a significant moderating effect on the relationship between the two, and its moderating effect is related to the types of corporate culture. Among them, team culture, innovation culture and task-competitive culture have a positive moderating effect on the talent competitiveness of private enterprises, while hierarchical culture has a negative moderating effect. Among the four cultural types, innovation culture has the strongest moderating effect. These findings suggest that only when incentive system innovation is coupled with an appropriate cultural configuration can private enterprises enhance talent value co-creation and strengthen their competitiveness.
  • The Mechanisms Through Which AI Orientation Influences Innovation Performance in Multidimensional Complex Contexts
    HUANG Yu, YU Xiaoyu, LI Yuanxu
    Chinese Journal of Management. 2026, 23(8): 1471.
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    Grounded in strategic orientation theory, this study conceptualizes artificial intelligence (AI) orientation as a firm’s strategic cognition and organizational action logic centered on AI and examines its impact on innovation performance as well as the moderating effects of multidimensional environmental complexity. To empirically test the proposed relationships, this study develops a corporate AI orientation dictionary consisting of 127 keywords and analyzes data from Chinese A-share listed firms from 2016 to 2023 using negative binomial regression models. The results show that AI orientation significantly enhances innovation performance, managerial complexity strengthens this relationship, whereas technological complexity, market complexity, and competitive complexity weaken it.
  • Research on the Impact of New Quality Productivity on Enterprise Supply Chain Resilience
    SHANG Duo, YUAN Dongliang, HE Junzhu
    Chinese Journal of Management. 2026, 23(8): 1479.
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    Based on Marx’s capital circulation theory, this study employs a sample of A-share enterprises from 2011 to 2024 to analyze how new quality productivity mitigates disruption risks by ensuring the stable capital circulation across the “purchase-production-sale” stages. The findings indicate that new quality productivity enhances corporate supply chain resilience. Furthermore, talent acquisition systems, government data openness, and public resource trading systems amplify the positive impact of new quality productivity on enterprise supply chain resilience, thereby validating the protective effects of institutional advantages. Heterogeneity analysis reveals that new quality productivity has a more pronounced influence on enterprise supply chain resilience for state-owned enterprises, enterprises in decline, enterprises with advanced supply chain finance, enterprises not yet implementing supply chain digitalization, enterprises operating in favorable business environments, and enterprises located in central regions.
  • The Impact of Matching Consumers’ Self-Construal Types with Customization Modes on Purchase Intention Toward Customized Products
    WANG Yonggui, WAN Zhuang
    Chinese Journal of Management. 2026, 23(8): 1488.
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    Based on self-construal theory, the research uses three online scenario-based experiments to examine how the matching between consumers’ self-construal types and customization modes influences purchase intention toward customized products, and to reveal the underlying mechanisms. The results show that there is a matching effect between consumers’ self-construal types and customization modes. When consumers exhibit independent self-construal traits, attribute-based customization, compared with option-based customization, is more effective in enhancing their purchase intention toward customized products, with perceived uniqueness playing a significant mediating role. When consumers exhibit interdependent self-construal traits, option-based customization, compared with attribute-based customization, is more effective in enhancing their purchase intention toward customized products, with psychological ownership playing a significant mediating role.
  • Research on the Dimensions, Measurement, and Utility of Self-Consciousness in Embodied Intelligent Robots from an Ethical Perspective
    WEI Wenchuan, YAN Yulu, WU Jinfeng
    Chinese Journal of Management. 2026, 23(8): 1500.
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    To clarify the connotation, dimensions, and role of self-consciousness in the ethics of autonomy of embodied intelligent robots, this study employs grounded theory and integrates testing procedures such as exploratory factor analysis and confirmatory factor analysis to develop a scale for measuring self-consciousness in embodied intelligent robots. Based on social cognitive theory, the double-edged sword effect of self-consciousness on consumers’ usage intention is investigated. The findings reveal that the self-consciousness scale comprises three dimensions: self-perception, self-learning, and perception of interactive feedback. While self-consciousness positively influences consumers’ usage intention, performance expectancy partially mediates this relationship, whereas AI ethical anxiety exhibits a suppression effect. Furthermore, AI literacy strengthens the mediating role of performance expectancy in the link between self-consciousness and usage intention but weakens the mediating effect of AI ethical anxiety.
  • Identifying Product Innovation Directions Based on User Online Reviews from the Perspective of Scenario-Feature Associations
    GUO Shile, HUANG Xunjiang, XUE Yang
    Chinese Journal of Management. 2026, 23(8): 1510.
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    o explore potential product innovation directions hidden in different scenarios, this study proposes a framework for identifying product innovation directions based on user online reviews, from the “scenario-feature” association perspective. A vocabulary of scenarios and features is constructed using methods such as word frequency statistics and TF-IDF, and the co-occurrence patterns of “scenario-feature” terms are used to clarify the relationship between the two; a DeBERTa-BiGRU-MHA model is constructed for sentiment analysis, and the user attention intensity and sentiment scores for different “scenario-feature” pairs are calculated; We calculate users’ demand satisfaction scores and priority levels for different scenarios, and apply the KANO model and prospect theory to capture product innovation directions. Using automotive review data from the Autohome, Yiche and PCauto platforms for experimentation, our findings reveal that the DeBERTa-BiGRU-MHA model outperforms baseline models across multiple performance metrics. Furthermore, by comparing product parameter iterations, we have validated the feasibility of the proposed framework.
  • The Impact of the GenAI’s “Technology-Knowledge-Context” Fit on Innovation Performance of Knowledge-Intensive Enterprises
    YANG Yongqing, LYU Xiaoyi, FAN Zhiping, JIANG Hui
    Chinese Journal of Management. 2026, 23(8): 1519.
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    Based on context-driven innovation theory and task-technology fit (TTF) theory, this study focuses on knowledge-intensive enterprises and adopts a mixed-method research design to explore the mechanism through which the fit among generative AI technology, domain knowledge, and application contexts influences enterprise innovation performance. Through multiple case studies, a “technology-knowledge-context-innovation” theoretical framework for generative AI is constructed, which is further empirically tested using structural equation modeling (SEM). The findings indicate that different enterprises present distinct “technology-knowledge-context” fit paradigms. Furthermore, generative AI technology characteristics, domain knowledge characteristics, and application context characteristics all exert significant positive effects on “technology-knowledge-context” fit. In addition, “technology-knowledge-context” fit not only directly enhances enterprise innovation performance, but also indirectly promotes innovation performance by increasing the application intensity of generative AI.
  • Research on the Impact of Corporate Debt Structure Concentration on Total Factor Productivity
    Chinese Journal of Management. 2026, 23(8): 1528.
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    Based on corporate debt categories and the Herfindahl index, this paper constructs a debt-type concentration indicator for Chinese A-share non-financial listed firms over 2007 to 2022, and investigates its impact on total factor productivity as well as the underlying mechanisms. The result shows that high debt structure concentration significantly restrains the improvement of corporate total factor productivity. Mechanism research indicates that a diversified debt structure serves both financing and governance functions. On the one hand, high debt concentration increases corporate debt financing costs and financing constraints. On the other hand, it is associated with a higher likelihood of debt disputes and default risks, thereby lowering governance quality. Heterogeneity analyses indicate that a diversified debt structure mitigates governance failure stemming from weak trade credit environments and severe debt constraints. Moreover, macro-level creditor protection and firm-level executives’ financial backgrounds enhance the effectiveness of a diversified debt structure. Consequence tests demonstrate that the productivity-enhancing effects of heterogeneous debt structures improve both short-term and long-term corporate performance and growth potential, thereby reinforcing the practical explanatory power of the “debt heterogeneity” hypothesis.
  • The Impact of State-Owned Capital Participation on Labor Cost Stickiness in Private Enterprises
    XIAO Yichen, QIAN Aimin
    Chinese Journal of Management. 2026, 23(8): 1538.
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    Using a sample of A-share private listed companies from 2008 to 2024, this study examines the impact of state-owned capital participation on labor cost stickiness in private enterprises. The results show that state-owned capital participation significantly increases labor cost stickiness, mainly by enhancing labor quantity stickiness rather than wage stickiness. Mechanism analysis indicates that state-owned capital participation exerts this effect by increasing labor adjustment costs and strengthening management’ optimistic expectations. Heterogeneity analysis further reveals that the effect is more pronounced in firms with lower proportions of executive equity incentives and lower human capital intensity. Moreover, the effect is stronger when state-owned shareholders are strategic investors or operators in real-economy industries. The analysis of economic consequences shows that the labor cost stickiness induced by state-owned capital participation contributes to the long-term improvement of private firms’ performance.
  • Research on the Impact of Digital Transformation on Corporate Idle Fixed Assets
    DAI Mingyu, TENG Manru
    Chinese Journal of Management. 2026, 23(8): 1547.
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    Based on data from Chinese A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2010 to 2022, this study examines the impact and mechanism of digital transformation on idle fixed assets of enterprises. The study finds that digital transformation and idle fixed assets of enterprises exhibit an inverted U-shaped relationship. Mechanism analysis shows that digital transformation affects idle fixed assets of enterprises through its impact on fixed asset utilization, investment in fixed asset renewal and in reconstruction, and the disposal speed of fixed assets. Heterogeneity analysis indicates that when enterprises have a higher level of business complexity, belong to non-labor-intensive industries, and are located in the eastern region, the effect of digital transformation in revitalizing idle fixed assets is more significant. Further research finds that digital transformation’s revitalization of idle fixed assets further promotes enterprise fixed asset investment.
  • Research on the Mechanisms Through Which Stock Options and Their Performance-Based Incentive Effects Influence Corporate Social Responsibility
    XU Ning, LI Yongkang, ZHANG Di, LIU Chunyu
    Chinese Journal of Management. 2026, 23(8): 1556.
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    Using A-share listed companies that granted stock options to managers from 2010 to 2021 as the sample, this study employs propensity score matching and a difference-in-differences model to examine the causal relationship between managerial stock option incentives and corporate social responsibility (CSR). The results show that managerial stock options have a significant positive effect on corporate social responsibility. Further analysis reveals that the performance-based incentive effect of stock options, rather than the risk-taking effect, plays a dominant role. The positive relationship between the performance-based incentive effect of stock options and corporate social responsibility is more pronounced when the incentive duration is longer, the performance pressure associated with option exercise is lower, and external media monitoring is stronger. Moreover, stock options improve corporate social responsibility performance by mitigating managerial myopia. Finally, combining stock options with corporate social responsibility objectives contributes to enhancing firm value.
  • The Impact of Environmental Regulatory Pressure on the Green Transformation of Supply Chain Firms
    WEI Huiru, ZHANG Jie, YUAN Kuiran
    Chinese Journal of Management. 2026, 23(8): 1566.
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    Using data from Chinese A-share listed companies and their supply chain relationships from 2010 to 2022, this study examines the impact of environmental regulatory pressure faced by focal firms on the green transformation of their suppliers and explores the underlying mechanisms. The findings indicate that environmental regulatory pressure on focal firms significantly fosters the green transformation of suppliers. Mechanism analysis reveals that the environmental regulatory pressure on focal firms primarily drives the green transformation of suppliers through coordination in risk management, information transparency, and technological innovation. Heterogeneity analysis indicates that the greater the market concentration and supply chain influence of focal firms, the more significant the impact of environmental regulatory pressure on the green transformation of suppliers. Moreover, the financing constraints and environmental pollution levels of suppliers also exhibit notable heterogeneous characteristics. Further analysis reveals that the transmission of environmental regulatory pressure on focal firms between upstream and downstream firms in the supply chain is asymmetric, and that the transmission effect becomes more pronounced when focal firms hold a leading position in green development.
  • A Review and Future Prospects of Research on the Influence of Feline-Canine Differences on Consumer Behavior
    GONG Yu, WANG Shuailong, WANG Xingang
    Chinese Journal of Management. 2026, 23(8): 1576.
    Abstract ( ) Download PDF ( )   Knowledge map   Save
    To systematically examine the species differences between feline and canine and their implications for consumer behavior, this study constructs an integrative framework based on 704 articles indexed in Web of Science and CNKI from 1990 to 2025. Employing a literature review method, this study elaborates on the species differences between feline and canine across four dimensions, namely physiological traits, behavioral characteristics, personality attributes, and cultural symbolism. Furthermore, drawing upon psychological distance theory, psychological ownership theory, and attachment theory, this study analyzes the theoretical mechanisms through which feline- canine differences shape different types of consumer behavior. On this basis, this study synthesizes the effects of feline-canine differences on pet-related consumption, individual human consumption, and prosocial consumption, while also identifying the moderating roles of pet-specific characteristics, individual consumer attributes, and cultural contexts. By identifying gaps in the existing literature, this study proposes promising future research directions, including digital technology empowerment, symbolic value construction, demographic structural changes, and local cultural contexts.
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