Corporate Technology Research Articles

Green Technology Innovations and Corporate Customer Concentration—The Perspectives of Financing Constraints and Social Responsibility

Green technology innovations propel both economic development and environmental sustainability. Exploring the contributing factors to green technology innovations carries important policy implications, but research from the perspective of supply chain relationships has been rare. This paper examines the impact of corporate customer concentration on green technology innovations and explores its influencing mechanisms using the data of Chinese A-share listed companies. The results show that a high customer concentration inhibits the quantity and quality of green technology innovations, a finding that is robust when endogeneity is addressed and when alternative measures and an alternative estimation model are employed. Financing constraints and social responsibility play intermediary roles in the impact of customer concentration on green technology innovations. A high customer concentration tends to increase corporate financing constraints and reduce corporate social responsibility performance, which hinder green technology innovations. The heterogeneity analysis reveals that the inhibitory effect of customer concentration on green technology innovations is less severe in digitally transformed enterprises, mature enterprises, or enterprises with a high level of market power. As this study provides a novel perspective on the contributing factors to corporate green innovations, it offers important policy recommendations.

Perception and Trust in Autonomous Vehicles Post Cyber Security Incidents

The integration of Autonomous Vehicles (AVs) into modern systems of transportation brings with it a new and transformative era. Central to the successful realisation of this transformation is the public’s trust in these vehicles and their safety, particularly in the aftermath of cyber security breaches. The following research therefore explores the various factors underpinning this trust in the context of cyber security incidents. A dual-methodological approach was used in the study. Quantitative data was gathered from structured questionnaires distributed to and completed by a cohort of 151 participants and qualitative data, from comprehensive semi-structured interviews with AV technology and cyber security experts. Rigorous Structural Equation Modelling of the quantitative data then allowed for the identification of the key factors influencing public trust from the standpoint of the research participants including the perceived safety of AV technology, the severity of cyber security incidents, the historic cyber security track record of companies and the frequency of successful cyber security breaches. The role of government regulations, though also influential, emerged as less so. The qualitative data, processed via thematic analysis, resonated with the findings from the quantitative data. This highlighted the importance of perceived safety, incident severity, regulatory frameworks and corporate legacy in shaping public trust. Whilst cyber incidents no doubt erode trust in AVs, a combination of technological perception, regulatory scaffolding and corporate history critically impacts this. These insights are instrumental for stakeholders, from policymakers to AV manufacturers, in charting the course of AV assimilation successfully in future.

Enhancing competitiveness and sustainability in Spanish agriculture: The role of technological innovation and corporate social responsibility

Enhancing competitiveness and sustainability in Spanish agriculture: The role of technological innovation and corporate social responsibility

Digital technology innovation and corporate ESG performance: evidence from China

Using Chinese listed companies from 2010 to 2022, this study empirically examines the impact of digital technology innovation on corporate ESG performance. The results show that digital technology innovation significantly enhances corporate ESG performance, positively impacting E, S, and G aspects. The mechanism analysis indicates that digital technology innovation further improves enterprises’ ESG performance by fostering green innovation, and enhancing the corporate governance structure. Moreover, the heterogeneity analysis reveals that digital technology innovation can better promote the improvement of ESG performance in larger enterprises, non-state-owned enterprises, industries with heavy pollution, non-high-tech industries, enterprises in the eastern and central regions, and regions with better business environments. This study enriches and expands the scope of research on the effects of the digital economy at the micro level, and provides new research perspectives to help listed companies effectively fulfil their ESG responsibilities and achieve carbon peaking and carbon neutrality goals.

Can government-guided funds promote corporate technology innovation? Evidence from the new energy automobile industry

A government-guided fund is a crucial policy instrument for fostering innovation in the new energy automotive industry. This article examines the stimulating impact and underlying mechanisms of government-guided funding on A-share new energy automotive listed firms from 2012 to 2022, using a difference-in-differences (DID) model. The finding suggests that government-guided funds can effectively stimulate corporate technology innovation activities. Mechanism tests reveal that government-guided funds can encourage corporate innovation by alleviating financial constraints and attracting research and development experts. Additionally, government-guided funds have varying effects on the technology innovation of different types of enterprises within the new energy automobile industry chain, including upstream, midstream, and downstream companies. The study's findings have specific policy implications for increasing government-guided fund assistance and optimizing fund investment direction.

Mitigating managerial short-sightedness in green technology innovation and corporate financial performance: The role of “National Team” shareholding

The potential for green technology innovation (GTI) to enhance corporate financial performance continues to be the core motivation for sustained investment by companies. However, the micro-mechanisms to enhancing financial performance have not yet received sufficient attention in the academic literature. Internal corporate governance and corporate management constitute crucial factors that affect the process in which GTI contributes to corporate technological progress, and to the enhancement of corporate financial performance. Specifically, this paper will examine the role of “National Team” shareholding in corporate governance in mitigating managerial short-sightedness in GTI. A two-way fixed effects panel OLS model will be applied for individual-time on 618 listed companies with consistent R&D activities from 2015 to 2022. The results show that corporate GTI promotes corporate financial performance via technological progress. Through the conditional process analysis, it shows that the interaction of CEO narcissism and the “National Team” shareholding proportion together moderate the relationship between corporate GTI and technological progress, with the “National Team” shareholding proportion contributing to the impact of technological progress on corporate financial performance. From a corporate governance point of view, the presence of institutional investors helps mitigate the negative impact of managerial short-sightedness in technological progress.

Digital technology innovation and corporate resilience

This study identifies over 220,000 digital invention patent applications for digital invention and creates an index of enterprise-level digital technology innovations. Using an empirical analysis based on a two-way fixed-effects model, this study examines the impact of digital technology innovation on enterprise resilience. Results show that digital technology innovations improve enterprise resilience. This improvement is mainly achieved by reducing internal and external information asymmetry, reducing operating costs, improving management levels and operational efficiency, and increasing market profitability and sustainable earning capacity. Moreover, this study extracted all announcements containing phrases such as “strategic alliance,” “strategic co-operation,” and “business alliance” from 3.208 million announcements on the JUCHAO website and further filtered them to select those strategic alliances in digital technology as their content of collaboration and identified them as digital technology strategic alliances. The findings show that companies that join digital technology strategic alliances have a greater impact on improving enterprise resilience. Furthermore, this study found that digital technology innovation can significantly improve the enterprise resilience with better network infrastructure and a more comprehensive intellectual property protection system. This study expands the research scope of the microlevel effects of the digital economy and provides valuable insights for governments to optimize digital economy policies and enterprises to develop digital innovation strategies.

Ventures’ Technological Redeployability and Corporate Venture Capital Syndication Decisions

Ventures’ Technological Redeployability and Corporate Venture Capital Syndication Decisions

Reaping Digital Dividends: The Impact of Supply Chain Finance on Corporate Technological Innovation in China

ABSTRACT As a new type of financial service, supply chain finance closely relates to the production and innovation behaviors of micro-size enterprises. This research thus explores whether and how supply chain finance affects corporate technological innovation. Using a sample of China’s A-share listed companies from 2013 to 2020, the results show that (1) supply chain finance significantly enhances the technological innovation of enterprises; (2) the beneficial effect of supply chain finance on enterprises’ cooperative innovation is more pronounced compared to that on independent innovation; (3) mechanism tests find that supply chain finance promotes enterprise innovation by alleviating financing constraints and adjusting supply chain relationships; and (4) this promotion effect is stronger for private enterprises, small-scale enterprises, in west regions, and for regions with a high level of digital financial development. Our empirical results thus enrich the literature, provide insights into the optimization of supply chain finance development, and can help improve the financial regulatory framework.

Science and Technology Finance Policy and Corporate Investment Efficiency -- A Quasi-Natural Experiment Based on Pilot Policies for Integrating Technology with Financer

Science and Technology Finance Policy and Corporate Investment Efficiency -- A Quasi-Natural Experiment Based on Pilot Policies for Integrating Technology with Financer

Securing industry 4.0: Assessing cybersecurity challenges and proposing strategies for manufacturing management

Industry 4.0 represents the foundation of the fourth industrial revolution, characterised by the integration of innovative technology into the manufacturing process. This integration enhances automation, diagnostics, data analysis, and autonomous decision-making through the networking of equipment and machinery. However, the increased reliance on technology raises concerns about the implementation and maintenance of cybersecurity. This paper aims to address cybersecurity challenges in the manufacturing industry and suggest strategies to reduce risks. In particular, it examines the level of awareness and understanding of cybersecurity issues among manufacturing employees, establishes accountability for cyberattacks, and evaluates the effectiveness of existing industry practices. The current cybersecurity landscape in the manufacturing industry was thoroughly analysed. Data were gathered through surveys, interviews, and case studies to measure awareness, identify knowledge gaps, and assess existing practices. The research findings indicate a significant knowledge gap regarding cybersecurity among manufacturing employees. This vulnerability can be attributed to the lack of funding and training, especially compared to the resources provided to information technology departments and corporate employees. The study emphasises the importance of redirecting cybersecurity resources and protocols towards the manufacturing industry. This paper puts forward a series of recommendations to mitigate risks and safeguard the manufacturing industry.

ESG performance and corporate technology innovation: Evidence from China

With the concept of sustainable development and innovation-driven development strategy proposed in China, as well as the promotion of the concept of ESG, which takes into account both economic and social benefits, it is of great theoretical and practical significance to study how ESG empowers both internal management and external investors, and ultimately enhances corporate technological innovation (CTI). This paper takes Chinese A-share listed companies from 2010 to 2021 as the research object, and tries to study the impact of ESG performance on CTI and its mechanism based on the perspective of innovation process. It is found that: (1) ESG performance can effectively promote the intensity of R&D investment, innovation output and quality of enterprises, and this conclusion still holds after a series of robustness tests. (2) The innovation incentive effect of ESG performance is more obvious in enterprises in traditional industries, manufacturing industries and heavy pollution industries; (3) ESG performance mainly affects CTI through alleviating enterprise financing constraints, improving enterprise market expectations and gathering high-end research talents. The above findings have important implications for optimizing corporate ESG disclosure mechanisms and promoting CTI through process optimization.

Research on the Impact of High-Tech Enterprise Certification Policy on Corporate Technological Innovation: An Empirical Study Based on Listed Company Data

Research on the Impact of High-Tech Enterprise Certification Policy on Corporate Technological Innovation: An Empirical Study Based on Listed Company Data

Sustainable human resource management practices and corporate sustainable supply chain: the moderating role of firm technology orientation

ABSTRACT This study investigates how corporate human resource management practices contribute to sustainable supply chain practices. The two types of human resource management practices relating to corporate social responsibility, include (1) employee standardised work conditions practices and (2) employee well-being and development practices. Corporate technology orientation is investigated as a moderating factor on the empirical evidence from 15 companies in the mobile technology industry. Results show that employee well-being and development practices lead to stronger community-oriented social responsibility, thus the increasing adoption of sustainable supply chain practices. Corporate technology orientation strengthens the positive impacts of employee well-being and development practices. These results imply the importance of adopting appropriate human resource management strategies, to deploy a sustainable supply chain.

Research on the Influencing Factors of the Value of Listed Companies under the New Economic Environment

This paper explores the influencing factors of the value of listed companies in the new economic environment, aiming to deepen the understanding of the formation mechanism of the value of listed companies in the ever-changing economic environment. Firstly, the article analyzes the characteristics of listed companies under the new economic environment and the impact of the new economy on enterprises, including technological innovation, changes in market competition patterns, and so on. Secondly, the paper elaborates on the theoretical framework of the value of listed companies, including the concept of value, influencing factors, and evaluation methods. Finally, the article delves into the influencing factors of the value of listed companies in the new economic environment, including technological factors, innovation capability, industrial environment, and corporate governance. Through the analysis of these factors, this paper provides important theoretical references and practical guidance for understanding and evaluating the value of listed companies in the new economic era.

Research on the impact of geographic distance on corporate technology for social good: From the perspective of institutional environment and regional innovation capability

Corporate technology for social good is an important philosophy and action for enterprises to incorporate social issues and social needs into their core business activities, provide goodwill products/services based on technology innovation, and promote the integrated development of social and commercial values, which has become a heated topic in academia. Moreover, a better understanding of the relationship between corporate technology for social good and its predictors has significant implications for enterprise managers. The aim of this study is to explore the causal link between geographic distance and corporate technology for social good, and to investigate the moderating roles of institutional environment and regional innovation capability. Using available data for A-share listed companies in the Shanghai and Shenzhen stock markets of China between 2015 and 2020, this study adopts Ordinary Least Squares regression to empirically test the effect of geographic distance on corporate technology for social good, including the moderating roles of institutional environment and regional innovation capability in the geographic distance-corporate technology for social good link. The results show that geographic distance has a significant negative impact on corporate technology for social good. In other words, the shorter the geographic distance between enterprises and central cities, the better is the performance of corporate technology for social good. Besides, institutional environment and regional innovation capability can moderate the negative impact of geographic distance on corporate technology for social good. These obtained findings promote the extension of mature theoretical achievements such as stakeholder theory and institutional theory to the research field of corporate technology for social good, and expand the boundaries of existing theoretical applications. The results of the study also open the “black box” of the relationship between geographic distance and corporate technology for social good, which offer insights into geographic location and institutional factors influencing corporate technology for social good engagement. Moreover, the study is a useful supplement to the existing exploration of the drivers of corporate technology for social good from theoretical perspectives, and provides practical references for enterprises to actively participate in corporate technology for social good and the government to strengthen ethical governance of science and technology in the process of achieving sustainable development.

The impact of environmental protection tax on corporate performance: A new insight from multi angles analysis

This study investigates the practical effects of adopting the environmental protection tax (EPT) policy on corporate performance in China. The analysis uses the Difference in Differences (DID) approach based on a quasi-natural experiment scenario. The findings indicate there is a negative impact of implementing the EPT policy on the financial performance of corporations, and the conclusion remains unchanged despite exhaustive robustness testing. The negative impact can be partly attributed to corporate technology innovation inputs. Meanwhile, enterprise property rights, pollution, and technical levels also substantially influence the implementation effect of the legislation. However, implementing this policy has improved corporations’ environmental performance and established its efficacy in enhancing their sustainable capabilities. This study comprehensively explores the impact of environmental control legislation on business performance, spanning financial, environmental, and social dimensions. Corresponding findings offer valuable insights into how firms react to environmental legislation and adjust to the external environment. Meanwhile, it also provides an objective reference for the comprehensive green transformation.

A review and outlook on the influence factors for High-quality development of enterprises

Introdution: The high-quality development of the economy depends on the parallel progress of enterprises, it is particularly urgent to strengthen the research on the high-quality development of enterprises. Existing studies have conducted comprehensive analyses of the internal and external influencing factors of high-quality development of enterprises from different aspects. The study has mainly reviewed the literature about the high-quality development of enterprises from the historical evolution and current situation, definition, measurement and explored the influencing factors from four aspects: ESG, government incentive policies, green innovation, and innovation organization culture and to explore possible influence and path and relationship among different factors for further empirical research. The study found that (1) high-quality enterprise development has replaced rapid expansion as one of China's economic priorities. Sustainable and equitable growth is prioritized over rapid economic expansion. (2) ESG, green innovation, and innovation organization culture can have a positive impact on High-quality of enterprises, the influence of government incentive policy is ambiguity. Objective: The objective of this study is to investigate influence factors of high-quality development of enterprise and to analysis ESG, government incentive policies, green innovation, and innovation organization culture influence path and relationship among different factors. Theoretical Framework: The theory used is behavior change support from Robertson (1993). It refers to the behavior that employees willingly adopt and actively engage in in organizational management activities. This factor is crucial for the success of any organizational change. Results and Discussion: The study found that ESG, green innovation, and innovation organization culture can have an impact on High-quality of enterprises, the influence of government incentive policy is ambiguity. Future studies can explore technology innovation and corporate social responsibility, so as to help firms understand how their ESG performance affects their high-quality development and lead sustainable practices and innovation decisions. Research Implications: The study intends to expand the range of ESG-related academic views and suggest meaningful managerial implications for companies that want to practice ESG.

Banking competition, credit financing and the efficiency of corporate technology innovation

Based on the data spanning 2010 to 2022, this study delves into how banking competition impacts the efficiency of enterprise science and technology innovation by lowering credit costs, enhancing credit availability, optimizing credit allocation, and offering empirical evidence for the significant role of banking competition in influencing corporate technology innovation efficiency. This paper concludes that increased competition in the banking sector notably impacts corporate technology innovation efficiency. Banking competition alters the traditional relationship-based lending model, enhancing banks' ability to assess risks and support innovative projects by enterprises, encouraging enterprises to enhance innovation quality and boost research and development investments, leading to a learning curve effect on innovation and enhancing the efficiency of technology innovation. Mechanism analysis reveals that credit financing plays an intermediary role. Competition in the banking sector leads to lower costs and increased availability of bank credit for research and development in enterprises. It helps address the issue of limited finance for innovation in enterprises, encourages larger-scale innovation, and enhances innovation efficiency. Banking rivalry has a role in enhancing corporate technology innovation efficiency, which is influenced by the environment to a certain extent.

Digital technology innovation and corporate environmental, social, and governance performance: Evidence from a sample of listed firms in China

AbstractCorporate environmental, social, and governance (ESG) performance is gaining significance in global sustainable development. Corporations can improve ESG performance through digital technology innovation (DTI). However, few studies systematically examined the relationship between DTI and ESG performance. This study uses digital technology patent application data as a proxy for DTI to provide empirical evidence. Analysis of Chinese A‐share firms from 2009 to 2021 shows that DTI significantly improves ESG performance, particularly for small‐sized and non‐state‐owned firms. Mediation analysis indicates that DTI promotes ESG performance by increasing internal control quality and human capital. Institutional environment and government digital attention optimization enhances DTI's promotion effect on ESG performance. Firms with advanced digital transformation can better improve ESG performance through DTI. The findings expand the theoretical understanding of DTI's role in corporate sustainability and provide practical insights into how managers can leverage DTI opportunities to strengthen ESG performance.