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Using the GEM listed companies during 2011-2016 as samples, this paper examines the mechanism of how social network connection impacts on the performance of enterprise innovation. Based on social network analysis, we respectively conduct the interlocking relationships among independent directors to reflect weak ties, and geographic and industry relationships to reflect the strong ties of social network connection, the results showed the strength of the social network connection can promote enterprise innovation. The results show that both of the connections are positively correlated with innovation performance. Furthermore, by constructing the provincial intellectual property rights protection level index, we validate that IPR protection have moderating effect on network connection and innovation performance, which providing a new perspective for the innovative development of enterprises.

2018 Vol. 35 (23): 1-8 [Abstract]( 9HTMLnew  PDF (1327 KB)  ( 6 )

The construction of cooperation-oriented research team is an urgent problem for Chinese academic research development. From the dimensions of knowledge and character, an evaluation system is built. Forty scientific research teams of management science which funded by the project of National Science Foundation of China are evaluated for measuring the level of complementarity and powerful alliance from perspectives of knowledge and character. Based on that,a regression analysis is conducted to discover the relationship between the evaluation results and teams' cooperation research performance. The results show that: for the team's overall cooperation research performance, the complementarity of knowledge and character plays a significant negative role, but the powerful alliance plays a significant positive role; for the cooperation research performance of each member, powerful alliance plays a significant negative role, while the interaction of the complementarity and powerful alliance has a significant positive impact; the number of team member can enhance a team's overall research performance, however, the intensity of project funding will significant negatively affect the team's per capita cooperation research performance. Therefore, some management inspirations are proposed for guiding team leaders, universities and governments to better construct scientific research team and manage scientific research projects.

2018 Vol. 35 (23): 9-16 [Abstract]( 2HTMLnew  PDF (1070 KB)  ( 1 )

Research the influence of transformational and transactional leadership on exploratory innovation and applied innovation based on leadership theory, organizational learning theory and organizational dynamic competence theory, and introduce knowledge accumulation and capacity flexibility to verify the mediating role of knowledge accumulation as well as the moderating role of ability flexibility.The results of hierarchical regression analysis show that transformational leadership has a significant positive impact on organizational exploratory innovation, and transactional leadership has a significant positive impact on applied innovation.Knowledge accumulation plays a mediating role between different leadership styles and dual which knowledge accumulation plays a full intermediary role between transformational leadership and exploratory innovation, and plays a partial intermediary role between transactional leadership and applied innovation. Finally, capacity flexibility has a moderating effect between different leadership styles and organizational duality innovation.

2018 Vol. 35 (23): 17-24 [Abstract]( 1HTMLnew  PDF (1189 KB)  ( 3 )

Based on the panel threshold regression model, this paper makes an indepth study on the relationship between the R&D intensity, the innovation speed and the value of Chinese Ashare listed companies between 2010 and 2016. The empirical results show that the impact of the R&D intensity on the value of listed companies has a significant threshold effect. For different range of the innovation speed, the degree and the direction of the impact is not the same. Specifically, when the innovation speed is in the "slow lane", the R&D intensity is significantly negatively correlated with the value of listed companies. When the innovation speed is in the "normal lane", the negative effect of the R&D intensity on the value of listed companies slows down. When the innovation speed is in the "fast lane", the increase of the R&D intensity can bring the value of listed companies up. In addition, nearly 60% of Chinese Ashare listed companies are not optimistic about their innovation capability, and the industrial differences are significant. It is urgent for them to enhance the sense of innovation, increase the R&D investment, and help the innovation enhance the value of listed companies.

2018 Vol. 35 (23): 25-33 [Abstract]( 11HTMLnew  PDF (1270 KB)  ( 2 )

Geographical proximity plays an important role in the traditional literatures, which explains the innovation performance of firms located in clusters. However, it cannot explain the nongeographical proximity phenomenon of China's innovation network. It extends this literature by focusing on how institutional proximity lead to the cooperation in three cities in China. By using rare event logit model, it finds out that both the formal institutional proximity and the informal proximity promote the innovation cooperation. What's more, these three cities show a different preference in forming its network owing to its firm ownership structure. In a word, maybe just 'being there' is not enough, something more is needed to make the colocated firms more innovative.

2018 Vol. 35 (23): 34-42 [Abstract]( 1HTMLnew  PDF (5166 KB)  ( 1 )

Scientific and technological leading talents are the most important human resources for building an innovative country and enhancing an international competitiveness of China.To explore and demonstrate the evolution of policies about leading talents in the field of science and technology, we focused on Jiangsu province and analyzed the content of 58 relevant policies about this issue. The research results show that the development process of the policies in the field of science and technology from 2003 to 2017 should be divided into three stages. The first one is a tentative stage, the second one is exploration period, and the last one is accelerated development period. Meanwhile, the process has combined bottom-up and horizontal expansion, and the policies focus will be changed from resources to environments. Finally, the leading roles in the top design of policies system will change from the government to China's society gradually. Finaly,the findings of this research provide reference for the practice of high-level scientific and technological talents, and enrich the theoretical research of the policies system about leading talents in the field of science and technology.

2018 Vol. 35 (23): 43-51 [Abstract]( 1HTMLnew  PDF (1304 KB)  ( 1 )

At present, China is deepening the supply-side structural reform, promoting the quality transformation of economic development, deepening the reform of the financial system, and enhancing the ability to serve the real economy. Based on the theory of optimal financial structure, this paper divides the financial structure into the structure of financing market and the structure of banking industry, and studies the impact of regional financial structure on innovation ability. The study finds that there is a significant spatial positive correlation between regional innovation capabilities in China. Regional innovation activities tend to be concentrated in space and agglomerate in geospatial space. The development of direct financing market significantly improves regional innovation capability, and the development of small and medium-sized banks significantly drives regional innovation. With the improvement of capabilities, the development of small and medium-sized banks has a greater impact on regional innovation capabilities than the development of direct financing markets. Finally, propose countermeasures.

2018 Vol. 35 (23): 52-58 [Abstract]( 0HTMLnew  PDF (1131 KB)  ( 1 )

Based on the hightech industry of 9 provinces and municipalities in eastern China from 2012 to 2016, twostage and crossefficiency DEA model has been used to evaluate the efficiency of innovation in hightech industry. The results show that the overall efficiency of the hightech industry in eastern China is still low. However, the location advantages of different hightech industry are obvious. And there are different characteristics between the efficiency of the technological development stage and economic transformation stage. Combined with efficiency analysis results and management practice experience, taking Shandong Province as an example, feasibility suggestions have been proposed from the aspects of the innovation platform building, intellectual property protection and financial and human resources collaboration. Therefore, quantitative support for understanding the efficiency of hightech industry in the eastern coastal areas of China has been provided. Based on the qualitative comparative analysis, we find two types of precause configuration that trigger the hightech industry efficiency. By combining twostage data envelopment analysis, crossdata envelopment analysis and qualitative analysis, Shandong Province is taken as an example to propose further improvement of hightech industry efficiency, which provides a reference for hightech industry management practice.

2018 Vol. 35 (23): 59-65 [Abstract]( 1HTMLnew  PDF (1268 KB)  ( 1 )

This paper uses the inputoutput table and the Chinese industrial enterprise database to analyze the impact of manufacturing servitization on manufacturing total factor productivity. At the national level, manufacturing servitization has a "the saddle type" relationship with manufacturing total factor productivity. At the first stage, manufacturing servitization promotes technological efficiency improvement by deepening the division of labor. At the second stage, service and product homogeneity results in "paradox of servitization". At the third stage, the breakthrough depends on the technical improvement. Generally, China still remains at the second stage with the "paradox of servitization". The internal root cause is the lack of leading enterprises to lead differentiated production, and external obstacles are the absence of highend composite talents. At the provincial level, the regional heterogeneity of China's 30 provinces is significant. It is roughly represented by the four major types, "saddle type", inverted "U" type, "U" type and insignificant relation type. The servitization level of the "saddle type" provinces is not high, the proportion of laborintensive industries in inverted "U" type provinces is relatively large, the application scope of big data in "U" provinces is narrow and the modern manufacturing base of insignificant relationship provinces is weak; Beijing and Zhejiang have already surpassed the "paradox of servitization". There are different reasons of other provinces not breaking through the predicament.

2018 Vol. 35 (23): 66-74 [Abstract]( 1HTMLnew  PDF (1703 KB)  ( 1 )

By building the threestage game model of generic technology R&D, this paper studies the R&D outsourcing contract with government supports which maximizes generic technology R&D output, and analyzes the effect factors of outsourcing contract. The result shows as follows: the optimal generic technology R&D outsourcing contract exists only when there are enough government budgets. The optimal contracts terms increases with government budget increases, which is forced to rise with enterprise retained earnings increases. The optimal input of enterprise's knowledge and technology is negatively correlated with the fixed R&D expenditure paid by government and positively with both the generic technology value coefficient and the income share from R&D. The optimal input of government supportive knowledge and technology is negatively correlated with the fixed R&D expenditure and unit input cost coefficient. The optimal enterprise input, which increases with the enhancement of enterprise R&D ability, is negatively correlated with the unit cost coefficient of government input and positively with the contribution coefficient of government input on R&D success. Finally, the paper puts forward some suggestions on implementation of generic technology R&D outsourcing contract from government budget, project prospects and supportive resources allocation.

2018 Vol. 35 (23): 75-81 [Abstract]( 1HTMLnew  PDF (1262 KB)  ( 1 )

Taking 136 new energy companies listed in 2004-2017 as a sample, the paper explores the stimulating effect of venture capital on the technological innovation efficiency of new energy companies. Firstly, the sample enterprises are divided into two groups, with or without venture capital . The data envelopment analysis(DEA) is used to measure the technical innovation efficiency of the two groups of enterprises, and the independent sample T test is performed on the mean value of the technological innovation efficiency of the two groups. The results show that the group with venture capital has a better effect.Secondly, using the group with venture capital as sample, according to the background,capital injection strategy and shareholding strength of venture capital , the multiple linear regression (MLR) is used to verify the stimulating effect of venture capital on the technological innovation efficiency of new energy enterprises. The results show that from the background of venture capital, the background of state-owned assets has no stimulating effect, and the background of foreign capital and high reputation have positive stimulating effects. From the perspective of capital investment strategy, the earlier the timing of capital injection, the greater the stimulating effect. The number of capital injection rounds and the number of capital injection joints are significantly positively correlated with the stimulating effect; corresponding social responsibility, independent mission and public functions of venture capital companies, new energy companies and governments are proposed based on the research conclusions.

2018 Vol. 35 (23): 82-91 [Abstract]( 7HTMLnew  PDF (1078 KB)  ( 2 )

As one of the important ways of modern industry innovation development, agglomeration will promote the knowledge production and collection, and thus will lead to the development of innovative ecosystem. Based on provincial panel data of five types of strategic emerging industries from 2011 to 2016, this paper empirically studies the promoting effect of agglomeration on the innovative ecosystem of strategic emerging industries by using the method of panel quantile estimation. The results show that agglomeration has obvious promoting effect on innovation network and innovation ability of innovative ecosystem for new energy industry, highend equipment manufacturing industry, biomedicine industry and environment protect Industry. But agglomeration has not shown a significant promotion effect on the innovation environment of innovative ecosystem of the whole strategic emerging industry.

2018 Vol. 35 (23): 92-98 [Abstract]( 2HTMLnew  PDF (1051 KB)  ( 1 )

Using data of the listed companies in Growth Enterprise Market, it tests the impact of governmental venture capital(GVC) on technological innovation. The results show as follows: GVC has positive effect on R&D investment, but it shows significant adverse choice for innovation output; the nonGVC cannot promote R&D investment and it has significant negative effect on R&D investment for listed companies. From the perspective of equity structure, governmental controlled venture capital shows significant adverse choice whereas governmental capital shareholding venture capital promote R&D investment. From the participation degree of the GVC to the invested enterprise, the shareholding proportion cannot significantly affect the innovation, but the participation of the board of directors in the corporate governance has a significant impact on the enterprise innovation.

2018 Vol. 35 (23): 99-105 [Abstract]( 1HTMLnew  PDF (1053 KB)  ( 1 )

The target of socialemtional wealth(SEW) is the important features of family firms, the conflict that between the goals aboutsocialemtional wealth(SEW) of family firms and economic interests cannot be avoided. In this study, building on the theory of SEW, we analyzed the influences of family investments and information transparency on the R&D investments based on the data of 573 listed companies between the years of 2011 and 2015. The results show that: corporate information transparency can effectively alleviate the information asymmetry and the agency conflict, then promote the R&D investment. Family control has negitive effect on the R&D investment; Family control' negative role will weeken for personal motivation when the corporate information transparency is high. In the regions with high marketization and strong property rights protection ,the impact of corporate information transparency on the relationship between family control and the R&D investment is stronger.

2018 Vol. 35 (23): 106-112 [Abstract]( 0HTMLnew  PDF (1063 KB)  ( 2 )

Based on the development manager's narcissistic personality scale, this paper investigates the relationship between the CEO's narcissistic interviewee and the company's annual data, and empirically studies the relationship between CEO narcissism, dual innovation and corporate growth. The research shows that CEO narcissism has a significant positive impact on enterprise utilization innovation and enterprise growth, but it has no significant impact on exploratory innovation; enterprise utilization innovation has some mediating effects in CEO narcissism and enterprise growth. 

2018 Vol. 35 (23): 113-120 [Abstract]( 0HTMLnew  PDF (1856 KB)  ( 2 )

Based on three domestic automobile manufacturing enterprises which implement intelligent transformation and upgrading, this paper conducts a cross-case study and constructs a theoretical model of intelligent transformation and upgrading of automobile manufacturing enterprises in China. The theoretical model shows that the intelligent transformation and upgrading of Chinese automobile manufacturing enterprises can be divided into three stages: automation, informatization and intelligence. In the automation stage, the transformation and upgrading are realized mainly through the implementation of the strategy of improving manufacturing capacity as the core; in the informatization stage, the transformation and upgrading are realized mainly through the implementation of the strategy of standardization and information integration as the core. In the intelligent stage, it is mainly through the implementation of enterprise flexibility construction as the core of the strategy to achieve transformation and upgrading.

2018 Vol. 35 (23): 121-129 [Abstract]( 12HTMLnew  PDF (1288 KB)  ( 2 )

The new technological revolution gives new technological catchup opportunity to China. Also, the new technological revolution strengthens the technological competition between countries. The"ZTE"incident shows the weakness of Chinese core technological innovation capacity. According to the researches of technological revolution made by Perez and Freeman, China is now in the transition stage between the old and new technoeconomic paradigms and faces the period of technological catchup. The experience of U.S.A and Germany in catching up with U.K in the second half of the 19th century has inspired China that the innovation policy oriented by tracking the world's new technoeconomic paradigm is a necessary condition for China to achieve technology catchup. If we want to seize the opportunity of technology catchup, we should reflect on the defects of China's current innovation policy. Beijing should create a social and economic environment which could promote the innovation of national enterprises by transforming and innovating China's innovation policies, so as to guide the transformation of the characteristics of innovation environment, to promote the transformation to the world's new technoeconomic paradigm, and step into the leading ranks. Therefore, strengthening financial regulation,systematically supporting the national innovative enterprises, cultivating national hightech industrial innovation clusters, increasing human capital investment and encouraging talent mobility are important contents of the transformation process of China's innovation policy.

2018 Vol. 35 (23): 130-136 [Abstract]( 1HTMLnew  PDF (1034 KB)  ( 1 )

Using the data of 251 SMEs from 2011 to 2016, the paper examines the mediating role of technological innovation investment in the impact of government subsidies on the growth of enterprises from the aspects of R&D expenditure and technical personnel input, as well as the marketization process and the development of factor market. Empirical study found: ①R&D investment has obvious mediating effect in government subsidy to the enterprise growth, technical personnel input hasn't obvious mediating effect in government subsidy to the enterprise growth;②the higher the marketization process, the stronger the influence of government subsidy on enterprise growth through r&d investment, and the stronger the influence of government subsidy on enterprise growth through technical personnel input;③the better the development of the factor market, the more obvious mediating effect of R&D investment between government subsidy and enterprise growth, the the more obvious mediating effect of technical personnel input is between government subsidy and enterprise growth.

2018 Vol. 35 (23): 137-145 [Abstract]( 1HTMLnew  PDF (1109 KB)  ( 1 )

The building of an innovation-oriented demonstration area for civil military integration is an important experimental field to implement the strategy of civil military integration. The evaluation of the innovation capability of the demonstration area is an important part of the construction of the demonstration area. The innovation capability evaluation index system which includes three criteria, such as innovation input, innovation output, and the influence of innovation to the economy, is constructed. The subjective empowerment of G1 method is combined with the objective weighting of entropy method, and the grey relational grade is used. Taking the Qingdao military and the civilian integration demonstration area as the evaluation sample, the empirical study found that the innovation ability generally presents the acceleration trend; the increase of innovation investment is more obvious than the growth of the innovation output; the influence of innovation to the economy is rising after the rise, and the growth rate of the trade volume of the technology market is the main change factor.

2018 Vol. 35 (23): 146-154 [Abstract]( 0HTMLnew  PDF (1241 KB)  ( 1 )

Scientific and technological talents is the core of innovationIt is crucial to inspire the enthusiasm of scientific and technological talents for innovation and entrepreneurship. This research selects 40 central government work reports since 1978 as research samples, and combines attention based view to analyze the content of scientific and technological talents in these 40 reports since the reform and opening with the aid of QSR NVivo11 qualitative analysis software. In the analysis of the change of attention data, it is found that the government's overall attention to the innovation and entrepreneurship of science and technology talents has risen vainly and has three peaks. In the four dimensions of innovation and entrepreneurship of science and technology talents, attention to the evaluation and incentive dimension has always been maintaining the highest level, the attention to the other three dimensions is flat. In the analysis of the content of attention texts, it is found that in terms of the flow and attraction of scientific and technological talents, the government has changed from a mandatory plan to encourage free flow of the market; in terms of selection and training, it has shifted from focusing on the growth of the number of scientific and technological talents to training and selecting high-level talents; In terms of evaluation and incentives, it is from the government-led to multiparty coordinated advancement; In terms of safety and security, attention has shifted from focusing on the basic protection of scientific and technological talents to the protection of scientific and technological achievements. Finally, some suggestions for optimization of government's attention to innovation and entrepreneurship of scientific and technological talents are put forward.

2018 Vol. 35 (23): 155-160 [Abstract]( 2HTMLnew  PDF (1063 KB)  ( 1 )