Yanfei Wang, Caiping Wu, Xiaoxia Tian and Yu Zhu
Based on the micro role transition theory (MRTT), the present study aims to explore how leader–follower congruence in psychological capital (PsyCap) affects followers' task…
Abstract
Purpose
Based on the micro role transition theory (MRTT), the present study aims to explore how leader–follower congruence in psychological capital (PsyCap) affects followers' task performance and voice behavior, in which we uncover the mediating role of organizational embeddedness.
Design/methodology/approach
A survey was conducted in South China through a three-stage procedure, and finally, a dyad-structured sample of 62 leaders and 218 employees was matched. The polynomial regression method, response surface analysis and structural equation modeling were employed to test the effects of leader–follower PsyCap congruence.
Findings
(1) Followers' organizational embeddedness will be higher when leaders' and followers' PsyCap are more aligned; (2) followers' organizational embeddedness will be higher when leaders' and followers' PsyCap are aligned at a high level rather than when they are aligned at a low level; (3) followers' organizational embeddedness will be higher when followers' PsyCap is higher than leaders', compared to when followers' PsyCap is lower than leaders'; (4) organizational embeddedness mediates the relationship between leader–follower PsyCap congruence and followers' (a) task performance and (b) voice behavior.
Originality/value
This study emphasizes leaders' pivotal role in a process where followers' PsyCap affects task performance and voice behavior, and further extends MRTT through introducing organizational embeddedness as a mediator in such a mechanism.
Details
Keywords
Jinhua Xu, Jiaye Zhang and Xiaoxia Li
New quality productive forces (NQPF) are critical for high-quality economic development. As digital mergers and acquisitions (M&As) gain prominence in corporate digital…
Abstract
Purpose
New quality productive forces (NQPF) are critical for high-quality economic development. As digital mergers and acquisitions (M&As) gain prominence in corporate digital transformation, understanding their impact on NQPF is essential. This study explores whether digital M&As enhance NQPF in firms and identifies key mechanisms that drive this effect.
Design/methodology/approach
This study investigates the impact of corporate digital M&As on NQPF using a multi-period difference-in-difference (DID) methodology. Analyzing a sample of Chinese listed firms from 2011 to 2021, the study explores how digital M&As contribute to NQPF, identifying firm innovation and data assets as key mechanisms. It also examines how external factors, such as industrial structure, urban human capital and economic policy uncertainty, moderate the effect of digital M&As on NQPF.
Findings
The study reveals three key findings: (1) Digital M&As significantly enhance corporate NQPF; (2) innovation and data assets serve as key mechanisms through which digital M&As drive NQPF and (3) external factors, including industrial structure, urban human capital and economic policy uncertainty, amplify the positive effects of digital M&As on NQPF.
Practical implications
Firms should leverage digital M&As as a strategic tool for improving NQPF, focusing on innovation and data assets. Policymakers can support this transformation by fostering an environment that enhances the positive impact of digital M&As on economic development.
Originality/value
This paper introduces a novel NQPF index, offering a comprehensive measurement of the concept. It provides new insights into how digital M&As affect NQPF, filling a gap in the literature on digital transformation and offering actionable recommendations for firms and policymakers.
Details
Keywords
Jinhua Xu, Feisan Ye and Xiaoxia Li
This paper aims to empirically investigate the impact of the carbon intensity constraint policy (CICP) on green innovation.
Abstract
Purpose
This paper aims to empirically investigate the impact of the carbon intensity constraint policy (CICP) on green innovation.
Design/methodology/approach
This study takes the implementation of the CICP as a quasi-natural experiment and uses a quasi–difference-in-difference method to investigate the impact of the CICP on firm green innovation from a microeconomic perspective.
Findings
The CICP significantly limits the quality of firms’ green innovation. Among the range of green patents, the CICP distorts only patents related to CO2 emissions. The inhibitory effect is more pronounced in non-state-owned enterprises and heavily polluting firms. R&D investment and green investor are identified as the main mechanism.
Practical implications
These findings provide evidence for the influence of the CICP on firm green innovation, which can guide policymakers in China and other emerging economies that prioritize carbon intensity constraint targets and the improvement of relevant auxiliary measures.
Social implications
Governments and firms should have a comprehensive understanding of environmental policies and corporate behavior and need to mitigate the negative impact through a combination of measures.
Originality/value
This study contributes to the literature by providing additional empirical evidence regarding the two opposing sides of the ongoing debate on the positive or negative effects of CICP. It also provides new evidence on the policy effect of the CICP on firm green innovation, together with its mechanisms and heterogeneous influences.