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01 March 2026, Volume 23 Issue 3
    

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  • WU Jintao, ZHOU Yuejiao, ZHOU Yanfeng, YIN Jiangbo
    Chinese Journal of Management. 2026, 23(3): 397.
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    This study takes Tao Tao Ju as the case study, and applies the assemblage theory to reveal the process and mechanism underlying the longevity of time-honored brands. The findings are as follows:in the cross-level connection and collaboration of time-honored brands, brand managers at the meso-level identify “institutional, material and spiritual culture” windows, and then adopt the assemblage strategies of “deterritorialization,territorialization and reterritorialization” to achieve a dynamic process of legitimacy acquisition, consolidation, and transition. Its emergent mechanism is that institutional culture drives structural alignment to obtain moral legitimacy, material culture drives sensory alignment to obtain pragmatic legitimacy, and spiritual culture drives emotional alignment to obtain cognitive legitimacy. The spiral interaction among the three alignments balances the continuity and change of time-honored brands, thereby contributing to their longevity.
  • HAI Miao, LIN Haifen, LI Yuanyuan, YE Jiangfeng, ZHENG Supeng
    Chinese Journal of Management. 2026, 23(3): 408.
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    This study examines four Chinese firms to explore how they reshape the China’s high-end demand landscape to achieve high-end strategic change. The findings reveal:①successful high-end change requires uncovering the true essence of high-end demand in China and constructing a new, contextually grounded high-end demand landscape; ②enterprises adopt two main reshaping strategies: dimension augmentation and dimension elevation, both strategies ultimately lead to the same goal; ③combining these strategies yields two types of reshaping configurations: expansive and deepening; ④both configurations enable enterprises to simultaneously strengthen internal capabilities and build externally high-end brand equity, thus driving the realization of high-end strategic.
  • YU Mingxuan, WEN Weirong, SONG Hua
    Chinese Journal of Management. 2026, 23(3): 418.
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    Based on data from cities at the prefectural level and above from 2010 to 2021, this study takes the National Intellectual Property Model City policy as a quasi-natural experiment to analyze the impact of intellectual property governance capacity on the firms’entry into strategic emerging industries. The study finds that strengthening intellectual property governance can attract firms to enter strategic emerging industries. Mechanism tests show that improving urban intellectual property governance capacity drives firms’entry into strategic emerging industries by enhancing knowledge spillovers, alleviating financing difficulties, and enriching talent supply. Heterogeneity analysis shows that the positive effects of intellectual property governance capacity on the firms’entry into strategic emerging industries are more pronounced in eastern cities and cities with higher administrative hierarchies, weaker market segmentation, and intellectual property protection centers for strategic emerging industries. Further discussion suggests that strengthening intellectual property governance contributes to the cultivation of strategic emerging industrial clusters and the enhancement of new quality productive forces by facilitating enterprises’entry into strategic emerging industries. The positive effects of intellectual property governance capacity also exhibit spatial spillovers.
  • ZHANG Weijie, JIANG Yingbing, ZHAO Zhixue
    Chinese Journal of Management. 2026, 23(3): 429.
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    Using a sample of Chinese listed group companies from 2007 to 2022, this study explores the role of subsidiaries’ reverse resource transfer in mitigating the impact of climate risk on the operating performance of business groups. The study finds that when the parent company is exposed to higher climate risk, the overall operating performance of the business group usually declines, and the increase in dividends by subsidiaries can alleviate this adverse impact. Mechanism analysis shows that climate risk prompts the parent company to transfer production activities to subsidiaries, furthermore, the subsidiaries increase dividends to the parent company. This dynamic process effectively exerts the climate risk shelter effect of the business group. Furthermore, the larger the number of subsidiaries located in low climate risk regions and out-of-region subsidiaries, and the more geographically dispersed the subsidiaries are, the more pronounced the mitigating effect of subsidiaries’ dividends. Heterogeneity analysis indicates that in business groups with severe financing constraints and lower subsidiary agency costs, the increase in dividends by subsidiaries is more effective in mitigating climate risk.
  • FANG Xin, XIE Peihong, LU Liangliang, PENG Xingyue
    Chinese Journal of Management. 2026, 23(3): 439.
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    Based on upper echelons theory, this study takes A-share high-tech enterprises from 2014 to 2023 as a sample to explore the impact of AI leadership on digital innovation. The results show that AI leadership has a positive impact on corporate digital innovation, with entrepreneurial orientation and organizational routines serving as mediating variables. Both executive political connections and corporate adaptability strengthen the positive impact of AI leadership on digital innovation. Further research reveals that: ①From the perspective of digital innovation types, AI leadership promotes digital product and process innovation but has no significant relationship with digital business model innovation. ②From a dynamic perspective, the positive impact of AI leadership on digital innovation exhibits temporal continuity, yet the impact gradually weakens over time. ③In contexts where industry competitive interaction is more intense, digital infrastructure is more developed, and technological human capital is more abundant, AI leadership has a stronger promoting effect on digital innovation.
  • JIA Mengyang, TANG Ningyu, LU Huiru
    Chinese Journal of Management. 2026, 23(3): 451.
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    Based on grounded theory, this study systematically investigates the antecedents of work meaningfulness and meaninglessness and their relations using a large-sample open-ended questionnaire survey. It constructs a theoretical framework of “work meaningfulness-meaninglessness” and explores it across different generations. Findings reveal that the antecedents of work meaningfulness are contribution, self-actualization, recognition, relationship, context, leaders’ behaviors and job content in order of prevalence. The antecedents of work meaninglessness are context, leaders’ behaviors, job content, non-self-actualization, others’ negative perceptions, relationship and lack of contribution in order of prevalence. Work meaningfulness and meaninglessness are not mutually exclusive, but rather a relation as “work meaningfulness-no work meaningfulness” and “work meaninglessness-no work meaninglessness”, and they are influenced by factors of meaningfulness stimulation and meaninglessness stimulation respectively. There is no significant generational difference in the antecedents of work meaningfulness. However, the antecedents of work meaninglessness differ, with the pre-reform generation highlighting the impact of leaders’ behaviors, the reform generation emphasizing organizational context, and the post-reform generation stressing the roles of organizational context and job characteristics.
  • HE Peixu, XIA Qing, ZHOU Hanhui, FU Ping
    Chinese Journal of Management. 2026, 23(3): 463.
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    Drawing on social information processing theory, through the analysis of three-wave data (including 514 valid samples from front-line knowledge workers in knowledge-based enterprises), this study investigates a dual process model, which encompasses both psychological safety and affective commitment mechanisms, to reveal how platform leadership inhibits employees’ knowledge hiding. It also examines the moderating role of person-supervisor fit. The results indicate that, platform leadership significantly enhances knowledge employees’ psychological safety and affective commitment, thereby effectively reducing their engagement in knowledge hiding behavior. In addition, person-supervisor fit positively moderates the indirect effect of platform leadership on knowledge hiding through psychological safety and affective commitment, that is, when the degree of fit between superiors and subordinates is high, the above-mentioned indirect effects are stronger, and vice versa.
  • ZHANG Xu, ZHANG Wenjun, XIAO Shengming
    Chinese Journal of Management. 2026, 23(3): 473.
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    rounded in media situational theory, this study investigates the impact of enterprise social media (ESM) communication visibility on employees’ organizational citizenship pressure through 290 survey responses collected in two stages. The findings indicate that both message transparency and network translucence of ESM communication visibility have positive effects on employees’ acquisitive and defensive impression management behaviors, with network translucence exhibiting a stronger impact. Furthermore, defensive impression management behavior positively affects organizational citizenship pressure, and network translucence positively influences organizational citizenship stress through the full mediation of defensive impression management behavior. Additionally, employees’ self-monitoring levels play a positive moderating role in the aforementioned relationships.
  • XIA Wenlei, ZHOU Ruoying, WEI Zimeng, YU Hui, HU Yu
    Chinese Journal of Management. 2026, 23(3): 484.
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    This study examines the causal pathways and heterogeneous characteristics of open government data on green technological innovation, using a multi-period difference-in-differences model based on data from Chinese A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2011 to 2023.The findings reveal that open government data significantly stimulates corporate green technological innovation. The mechanism analysis indicates that this effect operates through optimizing corporate investment levels, promoting digital transformation, and enhancing operational management efficiency. Further heterogeneity analysis reveals that the promotional effect of open government data is more pronounced for enterprises located in key environmental protection cities, those without government-enterprise ties, those with high-level internal controls, and high-tech enterprises.
  • DENG Zhiqing, WU Xiaojie, LIN Heng
    Chinese Journal of Management. 2026, 23(3): 494.
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    Based on social network theory, this study investigates the impact of supply chain network structure on firms’ substantive innovation and examines the moderating role of CEOs’ general ability. Using a sample of Chinese listed firms from 2005 to 2020, the research finds that both network breadth and depth exhibit an inverted U-shaped relationship with substantive innovation, while spatial complexity has a positive effect. CEOs’ general ability weakens the marginal effects of breadth and depth and strengthens the positive effect of spatial complexity. When economic policy uncertainty increases, the effects of network depth and spatial complexity on substantive innovation become more salient, whereas the inverted U-shaped relationship between network breadth and innovation becomes attenuated. These findings suggest that the structural dimensions of supply chain networks respond differently to innovation in dynamic environments.
  • YANG Wenke, CHE Zhen, SU Yi, ZHOU Lin
    Chinese Journal of Management. 2026, 23(3): 503.
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    This study investigates the mechanisms through which government subsidies and digital transformation affect the enhancement of new quality productive forces in manufacturing enterprises. Based on panel data from A-share listed companies in Shanghai and Shenzhen between 2011 and 2022, the empirical findings are as follows: ①Government subsidies significantly promote the development of new quality productive forces, but an excessively low subsidy level may yield adverse effects. ②The relationship between digital transformation and new quality productive forces exhibits a U-shaped pattern. As digital transformation progresses from a low to a moderate level, its marginal effect decreases; however, once a critical threshold is exceeded, digital transformation strongly facilitates the growth of new quality productive forces. Moreover, digital transformation serves as a mediating role in this process. ③The driving effect of digital transformation shows significant heterogeneity across firm life cycle stages, industry types, and pollution characteristics. Compared to initial-stage firms, the impact is most pronounced for enterprises in the decline stage. High-tech industries display a more evident U-shaped relationship, whereas high-pollution industries show a different pattern.
  • WANG Lulu, SHOU Zhigang, CAI Xiafei
    Chinese Journal of Management. 2026, 23(3): 513.
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    Based on engagement and emotional mechanisms, this study aims to explore the applicable scenarios and psychological mechanisms of dynamic and static product display in print advertising pictures. Through a field experiment on Facebook and three scenario experimentsstudies, the findings reveal that dynamic product displays reduce the psychological distance between consumers and the product, whereas static displays lead consumers to maintain a certain psychological distance. This difference in association leads to contrasting marketing effects for products with different brand position. For products of popular brands, consumers exhibit a more positive attitude towards dynamic displays; for luxury brand products, consumers show a more positive attitude towards static displays. The psychological distance between consumers and products, triggered by the product display method, mediates this effect.
  • WANG Xuelian, FANG Yan, LI Yuan, LIU Jiaying
    Chinese Journal of Management. 2026, 23(3): 523.
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    Based on observations, interviews, and content analysis, this study constructs the user experience journey within the brand metaverse by analyzing touchpoints, user experiences, and journey stages. The research findings are as follows: the touchpoints in the brand metaverse include digital avatars, toolkits and virtual scenarios, and the user experiences include cognitive, emotional and behavioral experiences. The user experience journey consists of 65 “touchpoint-user experience”associations in the access stage, tour stage and conversion stage, among which the most important path is “indoor scene of virtual space-perception of design features /perception of brand or product knowledge”. The differences between brand-centric and platform-centric metaverse user experience journeys are the most significant in the access and conversion stages. Perception of design features and efficiency improvement are the most important experiences obtained by sensory-oriented users and value-oriented users respectively, and there are differences in the important paths that constitute the two types of user journeys.
  • YU Zhenpeng, KE Qixiang, XU Hao, ZENG Hui
    Chinese Journal of Management. 2026, 23(3): 533.
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    Based on self-expansion theory, this study examines the influence mechanism of artificial intelligence interaction types (partner-style vs. servant-style) on customer experience. Through multi-scenario experiments and a field experiment, the direct, mediating, and moderating effects of interaction types on customer experience were analyzed. The results revealed that compared to servant-style interaction, the partner-type interaction can stimulate a higher level of perceived control, warmth perception and customer experience. Moreover, perceived control and warmth perception play a mediating role in the impact of artificial intelligence interaction types on customer experience. Meanwhile, service types and self-perceived uniqueness play a moderating role in the impact of interaction types on customer experience. Specifically, for hedonic services and customers with high self-perceived uniqueness, partner-style interaction has a more pronounced effect on perceived control and warmth perception. However, for functional services and customers with low self-perceived uniqueness, the difference between the two interaction types is not significant.
  • TENG Huiyang, LI Xiaoshuo, YUAN Zhizhu
    Chinese Journal of Management. 2026, 23(3): 542.
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    Using Chinese A-share listed manufacturing companies as the research sample, this paper empirically examines the impact of the use of industrial robots on the tone management of annual reports. The results show that the use of industrial robots has significantly constrained the tone management of annual reports. In addition, the companies’ human capital and technological bases contribute to this constraining effect. The mechanism analysis reveals that industrial robots can improve corporate governance efficiency, attract market attention, and enhance corporate performance, thereby limiting executives’motivation and room to conduct tone management. In addition, the heterogeneity tests show that the constraining impact of industrial robots on tone management is more pronounced when the companies hire a non-Big Four audit firms, belong to a more competitive industries, and operate in a more uncertain macroeconomic environment.
  • DONG Yinghou, WU Wanting, DONG Xinge2
    Chinese Journal of Management. 2026, 23(3): 552.
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    Using A-share listed companies in Shanghai and Shenzhen from 2007 to 2022 as samples, this study explores the impact of supply chain credit financing on corporate violations from a non-regulatory governance perspective. The results show that stable and sufficient supply chain credit financing has a restraining effect on corporate violations. Mechanism identification reveals that supply chain credit financing conveys positive signals through three pathways to constrain corporate violations. Further research finds that quasi-natural experiment regression results confirm the positive policy effect of the “Belt and Road” initiative in enhancing the restraining role of supply chain credit financing on corporate violations. The inhibitory effect of supply chain credit financing on corporate violations is more pronounced in non-state-owned enterprises and firms with higher supply chain concentration. Analyst coverage exhibits a complementary effect with supply chain credit financing, strengthening its restraining impact on corporate violations. In contrast, executive team turnover shows a substitution effect with supply chain credit financing, weakening its inhibitory effect on corporate violations.
  • LU Yongkang, CHANG Xiangyun, LI Lin
    Chinese Journal of Management. 2026, 23(3): 563.
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    By constructing a multinational supply chain consisting of Chinese exporters and EU importers, this study investigates the recycling strategies of Chinese exporters in response to the European Union’s Carbon Border Adjustment Mechanism and the design of reward and punishment mechanisms by the Chinese government. The results indicate that, even though recycling may increase production costs, Chinese exporters may still adopt it to comply with carbon border adjustment mechanism due to its carbon reduction effects. The effectiveness of recycling in addressing the carbon border adjustment mechanism depends on its marginal cost effect; when the marginal cost effect is low, it can mitigate the negative impact of the carbon border adjustment mechanism, while a higher marginal cost effect may exacerbate it. The government can implement reward and punishment mechanisms based on recycling rates and carbon emission levels to promote recycling among Chinese exporters, thereby increasing their recycling rates, sales volumes, and profits, and reducing the negative impacts of the carbon border adjustment mechanism.
  • WANG Lijuan, CUI Ligang, XU Dongyang
    Chinese Journal of Management. 2026, 23(3): 573.
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    To address the demand for the collaborative-decision optimization between linehaul and delivery transport of e-commerce platforms, this study investigates a novel variant of two-echelon vehicle routing problem by jointly considering three important practical factors: multi-commodity, unpaired supply-demand and soft time windows. This study formulates a mixed-integer programming model, and constructs a simple heuristic based on the cost-saving principle to quickly obtain an feasible initial solution, which is improved by incorporating three removal operators and one repair operator, two insertion operators and four exchange operators into an iteral local search framework. The experimental results show that: ① Our iterative local search algorithm can quickly obtain the optimal solutions for small scale problems, and has obvious advantages over CPLEX in solution quality and efficiency for medium and large scale problems; ② Compared with the manual decision of enterprises practice, our collaborative decision can save 16.65% of costs; ③ Compared with single-commodity transportation pattern, multi-commodity combination transportation can save 69.83% of costs; ④ The relaxation of hard time windows constraints can save 4.92% of costs.
  • NIAN Pengxiang, PEI Jialiang, LIU Shanshi, XIONG Li, PENG Qiuping
    Chinese Journal of Management. 2026, 23(3): 583.
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    By reviewing the literature on the “dark side” of star employees published over the past two decades (2005~2025), this paper reveals the multi-level mechanisms of their negative effects and calls for researchers to explore more diverse intervention strategies. Specifically, this paper first clarifies the concept and evolution of star employees. It then summarizes the different paradigms of their negative effects of star employees, including the paradigms that integrate both “positive effects” and “negative effects” and the single-path “negative effect” paradigm. The former can be further divided into the double-edged sword paradigm and two types of non-linear paradigms (the “too-much-of-a-good-thing” effect and the “too-confusing-to-be-a-good-thing” effect). Building on this, the paper further categorizes the theoretical perspectives, mechanisms, and boundary conditions of these negative effects of star employees according to different impact targets (self, others, teams, and organizations). Finally, the paper proposes future research prospects from the multi-dimensional perspectives of talent maintenance, talent governance, and talent development, aiming to provide insights for subsequent theoretical exploration and organizational management practices, promoting the optimization of talent management systems and sustainable talent development.