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This study examines how dynamic capabilities (DCs) impact global value chain (GVC) upgrading and assesses the mediating role of innovation.

The study uses a quantitative research method. The data are collected using an online questionnaire administered to respondents working in Chinese automobile manufacturers in China and Laos. The data are analyzed using structural equation modeling (SEM) and related software.

The results show that DCs and innovation capabilities (ICs) positively affect GVC upgrading and that ICs plays a mediating role between DC and GVC upgrading. Dynamic capabilities evolution (CE) mediates the relationship between DCs, ICs and GVC upgrading. Finally, differences exist in the effects of the three dimensions of DCs on ICs and GVC upgrading.

Focusing on the absorption and transformation of knowledge, enterprises could experience a clear enhancement of IC and CE and be more likely to obtain higher marginal returns. The study provides insights for emerging market firms to gain higher added value in internationalization.

This study demonstrates that different dimensions of DCs have different effects on GVC upgrading. In terms of theory, the impact of IC is considered in terms of the mediating effect of CE on IC. Differences are highlighted concerning the impact of learning capability, integrating and coordinating capability and sensing capability on the mediated relationships.

This research aimed to find out both direct and mediating relationships between the fear of COVID-19 (FC) and the usage of digital financial services (UDFS) via mediator financial anxiety (FA). It also attempted to ascertain the moderated effect of education of small and medium-sized enterprise (SME) owners (ESO), i.e. business degree holders (BDH) vs nonbusiness degree holders (NBDH), in the relationship between FC and the UDFS.

This research employed a simple random sampling technique. In total, 387 complete responses were collected from Pakistani SMEs. The complete analysis was performed using Statistical Package for the Social Sciences (SPSS) 23, AMOS 24, Process Marco 4.1, and Interaction 1.7.

According to the findings, FC leads to UDFS and FA mediates this relationship. Additionally, the findings show that the ESO between FC and UDFS was moderated. However, conditional analysis shows that BDH-SME owners strengthened the moderated relationship between FC and UDFS compared to NBDH-SME owners, who did not show any relationship.

Policymakers might use the study's findings to promote business education, which has been recognized as essential for making sound financial decisions. Finally, because the study is cross-sectional, the authors are unable to draw definitive generalizations.

The key novelty of this research work lies in the inclusion of FA as a mediator and the education of SME owners as a moderator in understanding the relationship between FC and the UDFS. This study illuminated the positive aspects of the COVID-19 epidemic based on the theory of emotional finance, risk avoidance theory and theories of emotion.

A series of policies have been formulated to promote off-site construction (OSC) development. However, the effectiveness of these policies has yet to be fully explored. This study aims to explore the practical policy configurational conditions for achieving a high level of OSC development.

Data on policy configurational conditions and the OSC development level were collected from 28 provinces/municipalities in China using text mining. A mixed-method approach was used to conduct data analysis involving text analysis and qualitative comparative analysis (QCA). Text analysis was used to identify current policies with frequencies as independent variables and obtain the proportion of OSC projects in new construction projects as the dependent variable. QCA is employed to analyze the necessary and sufficient conditions of policy conditions for the high-level development of OSC by exploring the complex causal relationships between policy configurational conditions and the OSC development level.

Nine policies are obtained from the current policy framework for promoting OSC development using text analysis: industry supports, land policies, presale policies, reputation rewards, regulation controls, tax incentives, floor area rewards, financial subsidies, and loan subsidies. Four policy configurational conditions are identified that can achieve a high development level of OSC: three incentive-driven policy conditions with industry supports, presale policies, tax incentives, and floor area rewards as the core conditions, and one compulsory-driven policy conditions with land policies, financial supports, and loan supports as the core conditions using fuzzy set QCA. Moreover, our study found that a single policy cannot achieve a high level of OSC development as a necessary condition, and the policy configurational conditions that lead to high and nonhigh levels of OSC development are asymmetrical.

The study did not test the policy’s dynamic effects on the OSC development. A longitudinal study will be conducted to further identify the impact of policy on OSC implementation.

It provides policymakers with four practical policy configurational conditions to promote OSC development and guides policymakers to optimize effective policies considering the interaction effects of effective policies such as industry supports, presale policies, tax incentives, and floor area rewards instead of their net effects.

It contributes to the existing literature concerning the effects of policy on emerging technology (i.e. OSC) promotion by elucidating configurative effects rather than net effects. Meanwhile, it enriches the research on the antecedent conditions that affect the implementation of other emerging technologies in the architecture engineering and construction industry.