Shoufu Xu, Xuehui He and Longbing Xu
The purpose of this paper is to empirically investigate the impact of equity market valuation and government intervention on the research and development (R&D) investments of…
Abstract
Purpose
The purpose of this paper is to empirically investigate the impact of equity market valuation and government intervention on the research and development (R&D) investments of listed companies in China and their relationship.
Design/methodology/approach
Using a manually collected R&D database in the period 2007–2015, this paper constructs a sample of 6,595 firm–year observations and applies the methods of pooled OLS regressions to examine the effects of market valuation and government intervention on corporate R&D expenditures.
Findings
This paper finds that market valuation enhances corporate R&D investments, but there is no evidence that government intervention may significantly affect the R&D investments. Government intervention also decreases the sensitivity of corporate R&D investment to stock price, which implies that government intervention weakens the promotion of market mechanism to corporate R&D investment. Furthermore, these effects are stronger in the non-state-owned firms and the non-regulated industries.
Practical implications
This study suggests that the functional borders of markets and government should be reasonably defined and markets play a decisive role in resource allocation to improve corporate innovation and national innovation.
Originality/value
This paper provides a micro view of the relationship between market and government at the stage of transitional economy in China as well as directions for further research on the relationship between stock prices and corporate investments.
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Dianwen Wang, Yupeng Mou, Zhihua Ding and Xuehui Jiang
Crowdsourcing refers to a new business model in which enterprises or individuals publish tasks or problems, attracting freelancers or contributors to participate in solving tasks…
Abstract
Purpose
Crowdsourcing refers to a new business model in which enterprises or individuals publish tasks or problems, attracting freelancers or contributors to participate in solving tasks, submitting bids and allowing task seekers to choose the final solution. How to attract more quantity and quality of contributors to submit their solutions through a crowdsourcing platform has become a vital question.
Design/methodology/approach
In this study, the authors use web crawling to obtain 43,265 effective tasks in EPWK website (www.epwk.com) to probe how to elevate the quantity and quality of contributors via task reward design. This study uses the hierarchical linear model to probe the research questions.
Findings
Results show that, with the increase of task reward, the quantity of contributors goes up first and then goes down (inverted U shape), whereas the quality of contributors goes down first and then goes up (U sharp). Moreover, the authors investigate the moderating effects of another task design attribute, task duration. This study finds that task duration weakens the effect of task reward on the quantity of contributors while strengthening the effects of task reward on the quality of contributors.
Originality/value
First, this study theoretically probes two key aspects of task performance, namely, the quantity and quality of contributors, which expand the scope of task performance evaluation. Second, this study reconciles previous concern about the relationship of task reward and performance, which is different from previous studies that have paid more attention to the single perspective of their relationship. Finally, the authors investigate the moderating effects of task duration, which further uncover the mechanism behind task reward and performance, that is, the quantity and quality of task contributors.
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Ronald Busse, Malcolm Warner and Shuming Zhao
The purpose of this paper is to trace back the roots of US-driven “Human Resource Management” (HRM) school of thought which now become widely institutionalized in China, up to the…
Abstract
Purpose
The purpose of this paper is to trace back the roots of US-driven “Human Resource Management” (HRM) school of thought which now become widely institutionalized in China, up to the present day.
Design/methodology/approach
It looks at the diffusion of management knowledge over the period to Chinese business, which involved in turn scientific management (SM), human relations (HR) and HRM, respectively, from the interwar years onwards, by using a bibliometric analysis of Chinese language sources, searching a number of databases now available.
Findings
The authors scanned the international, as well as Chinese, literature to support a conjecture of a HR route towards China and how it morphed into HRM and went on to conclude that there was by the end of the year 2015 still a significant output of academic publications with references to both HR and HRM, respectively, but that we must be cautious in asserting a firm conclusion.
Originality/value
This paper traces back the roots of Chinese HRM back to the US-driven HR school of thought.
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Management is a “hot field” in China, yet little has been written in English about the history of management in China. Contrary to contemporary management literature, the paper…
Abstract
Purpose
Management is a “hot field” in China, yet little has been written in English about the history of management in China. Contrary to contemporary management literature, the paper aims to show that Chinese entrepreneurs and managers were exposed to modern management ideas from the early twentieth century. The paper is an initial exploration of the transfer of managerial knowledge to China, especially Scientific Management, during the interwar period.
Design/methodology/approach
Draws on Chinese journal articles and books from 1910‐1930s, supplemented with archive materials and secondary sources in Chinese and English.
Findings
Chinese industrialists, officials and academics were attracted to Taylor's ideas of scientific management during the 1920s and 1930s, which were experimented with on a wider scale than is commonly realized. The interest in “new” management extended beyond industrialists and industry officials to reportage in the popular press.
Research limitations/implications
Future research should consider first how new ideas about management and organization were implemented on the shopfloor in individual Chinese enterprises, and second examine the role of social networks constituted by native place, industry ties and professional association membership in the diffusion of managerial ideas among the Chinese business elite of the period.
Originality/value
The paper shows that the transfer to China of modern management as an ideas system was not a recent phenomenon, but part of a century‐long process of transfer and adaptation of western management theory and practice.
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Abstract
Subject area
Doing business in China
Study level/applicability
This case was developed for us in an undergraduate strategy course at the point in the course when global strategies are discussed. It might also be used in an undergraduate entrepreneurship class when “diffusion of innovation” is being discussed.
Case overview
This case describes the experience of a student consulting team from Baylor University working in China during the summer of 2012. The team was charged with the responsibility of determining an entry mode into China for a farm-implement company in Sweden. The students spent most of the summer in three different locations in China interviewing dairy farmers and equipment dealers to identify the proposed customers for the products and their equipment needs. Their findings led them to the conclusion that Alo, the Swedish farm implement company, would have to alter their mode of entry into the Chinese market to be successful. The decision facing Amanda Sherek, the team leader, was how to structure the team’s report to Alo to help them recognize the need for rethinking the company’s original strategy.
Expected learning outcomes
At the conclusion of the case discussion, students should be able to: list and explain critical findings of the students that should be involved in developing a strategy for Alo; identify the appropriate global strategy for Alo to use in entering China; relate the theory of “Diffusion of Innovation” to Alo’s situation in China; identify whether Alo was contemplating using a production orientation or the marketing concept for its entry into China; and outline a strategic plan for Alo to enter the Chinese dairy farming industry.
Supplementary materials
Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes.
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This study aims to examine the problems encountered during the establishment of the Central Police Academy (CPA) under the Nationalist regime from 1936 to 1949. While the…
Abstract
Purpose
This study aims to examine the problems encountered during the establishment of the Central Police Academy (CPA) under the Nationalist regime from 1936 to 1949. While the authoritarian party-state unified the police academies by forceful means, this catalyzed the cleavage between the schools of police studies and resulted in power struggles over police education, intellectual thought, collectivity and even the national reform of police administration. More than narrating the progress of power consolidation, this study attempts to identify the problems underlying the factional strife and to reveal the interwoven pattern of these power struggles, exploring the confusion regarding what the police is, a question that troubled Chinese policemen from the mainland to Taiwan.
Design/methodology/approach
This paper explains the emergence of the factional strife from the beginning of the preliminary growth of the Police Academies in Nanking and Chekiang. It widely makes use of the official archives from Japan Center for Asian Historical Records and Historica Academia to show the dynamic situation in police education and administration. Rather, the official publications of the Police Academies and their affiliated associations reveal the hidden political agenda behind a unified framework as the party-state claimed. Moreover, official gazettes, memorials and newspapers are also used to strengthen the core argument of this study.
Findings
This paper examines the impact of the factional strife between the police leaders Dai Li and Li Shizhen on the CPA from 1936 to 1949. It illustrates that the establishment of the CPA ostensibly unified the nationwide police force but triggered power struggles over the control of the police administration. More importantly, it also shows how the factions strove for larger shares of power under the supreme doctrines that Chiang Kai-shek and the party-state imposed.
Originality/value
The failure of police education to become powerful was a special case among other more typical institutions. The governors coercively merged the police academies and created robust conditions for growth under the shelter of state authority. The police force did not follow the same path of national monopoly as what recent studies found but drifted apart with its vested interests and incompatible beliefs. Hence, the greater the demand for centralized control by the state, the greater the tension of the factional strife.
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The study of the history of Chinese science has attracted further attention over the past 50 years, with an increasing number of scholars, influenced by Joseph Needham and his…
Abstract
The study of the history of Chinese science has attracted further attention over the past 50 years, with an increasing number of scholars, influenced by Joseph Needham and his project “Science and Civilization in China”, developing ideas in this field. There are a range of Web sites which have been produced and are available to the scholar of the history of Chinese science, and some of these are collected together and evaluated in this article.
Nana Yang, Qiming Liu, Furong Qian and Xinglong Wang
Because of the rapid progress of global value chains (GVCs), it is worthwhile to study their impact on innovation. This study aims to explore the impact of GVC position of…
Abstract
Purpose
Because of the rapid progress of global value chains (GVCs), it is worthwhile to study their impact on innovation. This study aims to explore the impact of GVC position of high-tech industries in the developing-country context of China on innovation performance; it also aims to explore the moderating effects of industrial agglomeration (specialization agglomeration and diversification agglomeration) on the relationship between GVC position and innovation performance.
Design/methodology/approach
The study is based on data gathered on Chinese high-tech industries in 30 provinces from the 2005–2015 period. The econometric analysis relies on merged data from the China Premium Database and the Trade in Value Added 2018 Database.
Findings
The regression results show that GVC position of China’s high-tech industries significantly affects their innovation performance, and both specialization agglomeration and diversification agglomeration significantly enhance the positive relationship between GVC position and innovation performance of China’s high-tech industries. After dividing the country into coastal and inland regions, new findings appear.
Originality/value
This study highlights the importance of GVC position and its effect on innovation performance of China’s high-tech industries. It contributes to the literature on the relationship between GVCs and innovation by elaborating on the moderating effects of industrial agglomeration on this relationship.
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The cities, for the most part, appeared up until the middle of the 1990s to be islands within the larger Chinese political economy in which job-secure workers could be certain…
Abstract
The cities, for the most part, appeared up until the middle of the 1990s to be islands within the larger Chinese political economy in which job-secure workers could be certain that their livelihood, health, education, and living abodes would evermore undergird their and their children's sustenance. At least until the late 1980s, urbanites who stuck with the state sector even considered good treatment on the job a kind of birthright, an entitlement that was sure to be enforced. In the cities, true, there had always been the disadvantaged after 1949 – those without offspring or spouses, the disabled, and people unable to support themselves. But this relatively tiny batch of individuals generally survived in the shadows and out of sight, subsisting – but just barely – as members of the “three withouts” on a mere pittance, in the form of meager “social relief” disbursed by civil affairs departments.8