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This study aims to explore the conditional relationships between supplier involvement and financial performance. From a problem-solving perspective, this study takes the focal firm as a problem-solving system. It is postulated that supplier involvement enhances financial performance by helping solve complex problems of new product development. Furthermore, product modularity and smartness are considered contingent factors to clarify the boundary conditions.

The ordinary least squares regression was conducted to test the hypotheses based on survey data from 136 high-tech firms in China.

Supplier involvement is positively related to financial performance. Product modularity weakens the impact of supplier involvement on financial performance. Furthermore, product smartness strengthens the negative influence of product modularity on the relationship between supplier involvement and financial performance.

This study combines supplier involvement with product attributes. It takes a problem-solving perspective to rethink suppliers’ roles in new product development as problem-solvers rather than resource holders. Furthermore, this study advances the encapsulation effects of product modularity and smartness to influence the supplier involvement–financial performance link.

Sentiment identification of Chinese text faces many challenges, such as requiring complex preprocessing steps, preparing various word dictionaries carefully and dealing with a lot of informal expressions, which lead to high computational complexity.

A method based on Chinese characters instead of words is proposed. This method represents the text into a fixed length vector and introduces the chi-square statistic to measure the categorical sentiment score of a Chinese character. Based on these, the sentiment identification could be accomplished through four main steps.

Experiments on corpus with various themes indicate that the performance of proposed method is a little bit worse than existing Chinese words-based methods on most texts, but with improved performance on short and informal texts. Especially, the computation complexity of the proposed method is far better than words-based methods.

The proposed method exploits the property of Chinese characters being a linguistic unit with semantic information. Contrasting to word-based methods, the computational efficiency of this method is significantly improved at slight loss of accuracy. It is more sententious and cuts off the problems resulted from preparing predefined dictionaries and various data preprocessing.

This paper theoretically and empirically analyzes the effects of the elderly’s physical health status on their need for care and the choice of care models in China.

Empirically, the estimation results of a large-sample randomized intervention trial with chronic obstructive pulmonary disease (COPD) patients through the difference-in-difference method indicated the following: (1) After the COPD intervention trial, the physical health status of the elderly in the treatment group improved significantly, the need for care was substantially reduced and the health improvement led to a 35.5% reduction in the probability of using elderly care. (2) The reduction in the need for care regarding the treatment group occurred mainly in social care. The probability of using social care decreased by 67.8% due to the elderly’s health improvement, while that of home care remained unchanged generally. (3) Further heterogeneity tests suggested that families with fewer potential internal resources for caregiving had a more pronounced decline in the need for social care.

Theoretically, these empirical results support the existence of the “pecking order” theory in the family’s choice of elderly care model, that is, families tend to employ all internal resources for caregiving before resorting to social care, resulting in a higher sensitivity of social care to health.

The main policy implication of this paper is that ex ante preventive health intervention policies can significantly alleviate the burden of care, especially social care, on families. And preventive health intervention policies are particularly effective in reducing the burden of the families with relatively few resources for informal internal care.