High-tech Enterprises Research Articles

China National Knowledge Infrastructure (CNKI) as a Resource for Nineteenth-Century Music Studies

As the largest and most comprehensive Chinese database in the world, China National Knowledge Infrastructure (CNKI: Zhong guo zhi shi ji chu she shi gong cheng 中国知识基础设施工程, also commonly known as Zhi wang 知网)1 is supervised by Tsinghua University and Tonfang Knowledge Network (TKN), a high-tech enterprise funded by Tsinghua University in 1997. It is supported by the Chinese Ministry of Education, the Publicity Department of the Communist Party of China, the Ministry of Science and Technology, the State Administration of the Press, Publication, Radio, Film and Television of the People's Republic of China and the State Planning Commission of the PRC. In December 1996, CNKI began providing CD-ROM and CAJ-CD for Chinese academic journals, and it was officially launched in 1999. This repository initially focused on Chinese academic journals and later expanded its coverage to PhD dissertations, masters’ theses, conference proceedings, yearbooks, books and patent documents. It is divided into three categories: ‘databases’, ‘specialized sources’, and ‘international sources’, including ProQuest and Taylor and Francis journal databases. Ten service centres are established across the world, including Beijing, North America, Japan, Korea, Taiwan and Hong Kong; users include universities, research institutions, government think tanks, industries, hospitals and public libraries.2 CNKI (or CIKRD) updates its information on a daily basis, and its current growth rate is approximately 350,000 new journal articles per month.

CORPORATE FINANCIALIZATION AND GREEN TECHNOLOGY INNOVATION: EVIDENCE FROM CHINESE-LISTED MANUFACTURING COMPANIES

We examine the relationship between corporate financialization and green technological innovation using data on manufacturing companies during 2007–2020. We find that corporate financialization reduces the level of green technology innovation. Heterogeneity analysis demonstrates that financialization’s impact on green technological innovation varies across different enterprise types, especially for private enterprises, high-tech enterprises, and enterprises in eastern and western regions. Moreover, financial constraints will strengthen the influence of financialization on green technological innovation while managerial myopia will weaken the influence of financialization. The empirical insights advance our understanding of the relationship and mechanisms between financial asset investment behavior and green technological innovation in manufacturing enterprises.

Innovative culture and differences for product versus process innovation: reflect on Confucianism and Taoism

ABSTRACT This article examines the difference between innovative culture for product innovation vs. process innovation and sheds light on Confucian and Taoist philosophical roots in innovative cultures for the two types of innovation. We first identify four dimensions of innovative culture: freedom, openness, team spirit, and support & career development, and hypothesise that freedom and openness are more emphasized in innovative culture for product innovation, while team spirit and support & career development are more stressed in innovative culture for process innovation. Using survey data from 33 high-tech enterprises in China, we find support for our predictions. We further analyse that Taoism is more relevant to innovative culture for product innovation, whereas Confucianism is more related to innovative culture for process innovation. By distinguishing innovative cultures between product vs. process innovation and relating to Confucianism and Taoism, this paper provides a nuanced as well as philosophical understanding of innovative culture.

Effect of senior executives' overseas experience on corporate green innovation.

Against the background of increasingly severe environmental problems, green development has gained widespread attention, and green innovation has thus become crucial for enterprises. This study used 2007-2019 data from listed A-share companies in China to evaluate the effect of senior executives' overseas experience on corporate green innovation. The results showed that senior executives' overseas experience could promote green innovation in companies. This positive effect was more significant for private enterprises and high-tech enterprises, especially in eastern China. The CEO pay regulation have a significant negative moderating effect on this positive effect. This study enriches upper echelons theory and provides theoretical support for government agencies to accelerate innovative green development strategies. The results can also provide a decision-making basis for governments to formulate policies to promote enterprises' green development.

Establishing a Big Data Driver for Digital Transformation, Supplier Concentration and Total Factor Productivity in Enterprises

<>Nowadays, various industries are increasingly investing in constructing big data platforms to achieve digitalisation. Digitalisation has become a critical factor in improving the efficiency and effectiveness of enterprises. This paper explores the influence of digital transformation (DIT) on corporate total factor productivity (TFP). Based on data from publicly listed enterprises in China from 2007 to 2022, this paper demonstrates that DIT significantly improves their TFP. Supplier concentration partially mediates the relationship between DIT and TFP. Furthermore, the enterprise life cycle moderates the impact of DIT on TFP. Specifically, during the growth stage, the influence of DIT on TFP is not significant. During the maturity and decline stages, DIT positively affects the TFP. The impact of DIT on TFP is particularly pronounced in enterprises in western China, as well as in large and high-tech enterprises. The paper examines whether, how and when DIT affect TFP. The findings contribute novel evidence that strategic DIT enable enterprise to improve TFP through decreased supplier concentration. For both scholars and practitioners, this research provides valuable insights into how digital transformation can pay dividends by improving overall productivity.<>

Study on the Enhancement of Corporate Value Creation Capability through Ambidextrous Innovation: A Qualitative Comparative Analysis of High-tech Enterprises in Heilongjiang

In the context of global economic integration and China’s economic transition, knowledge-based enterprises encounter a more complex and volatile competitive environment. From the capability perspective, this paper constructs a model of corporate value-creating capability, positioning ambidextrous innovation as the antecedent variable and the dynamic environment during the transition period as a crucial moderating variable. It also proposes relevant propositions. A total of 164 high-tech enterprises located in Harbin, including Huawei and Tencent, were selected as case samples. The Qualitative Comparative Analysis (QCA) method was employed to test and analyze how ambidextrous innovation enhances corporate value-creating capability. Finally, based on the results of theoretical and empirical analysis, combined with an in-depth examination of the dynamic environment during China’s transition period, practical strategies and recommendations for enhancing the value-creating capability of Chinese knowledge-based enterprises are provided.

Preface

Available on the latest research progress of clean energy and power generation technology, this paper volume gathers a bunch of papers collected from 2023 8th International Conference on Clean Energy and Power Generation Technology (CEPGT 2023), held via virtual form in Zhuhai, China during December 15th to 17th, 2023.The Conference was attended by about 100 delegates around the globe. In the opening ceremony speech, all academicians, experts and scholars were welcomed to attend the Conference and to share insightful speeches and presentations. Then in the keynote speech part, Prof. Marc A. Rosen (Ontario Tech University, Canada), Prof. Haiping Yang (Huazhong University of Science and Technology, China), Prof. Qinmin Yang (Zhejiang University, China), Prof. Qiang Lu (North China Electric Power University, China) and other professors made wonderful academic reports on international frontier hot spots. Apart from the keynote speeches, oral and poster presentation parts were also held and displayed by various scholars, leading to a warm atmosphere of academic discussion.We received a number of submissions from the Conference. After rigorous review and review rebuttal process by related top experts, various excellent papers were accepted and included in this paper volume. These papers cover many topics of the Conference theme, including Energy Security and Clean Use, Energy Conservation and Emission Reduction, Biomass Energy Engineering, Hydroelectric Power Generation, Solar Photovoltaic Power Generation System, etc. The works of this volume can promote the development of clean energy and power generation technology, and thereby enhance scientific information interchange among scholars from top universities, research centers and high-tech enterprises working all around the world.Featuring the most cutting-edge research directions and achievements related to clean energy and power generation technology, this Conference provided the most comprehensive research in related fields and a more comprehensive understanding of the latest results of cross researches in the fields. Meanwhile, it also helped researchers and engineers understand the research frontier, as well as discover the solutions to potential problems.We would like to acknowledge the authors for their contributions and the reviewers for their time to review the submissions. We are thankful to all the committee members and advisors of this volume. Finally, our appreciation also goes to the editors and members of Journal of Physics: Conference Series for their efforts in publishing this volume.We hope that it will serve as a reference for researchers and practitioners in academia and industry in the areas related to clean energy and power generation technology.The Committee of CEPGT 2023List of Committee Member is available in this pdf.

WHEN AND HOW GREEN TRANSFORMATIONAL LEADERSHIP LEADS TO GREEN TECHNOLOGY INNOVATION: THE MEDIATION EFFECT OF GREEN INNOVATION CAPABILITY

Realising the customers’ demands for green products, green technology innovation (GTI) serves as the way for businesses to grow, seek continued profit, and attain a competitive edge. Based on a paper-based survey of 337 respondents from Chinese hi-tech companies, this study utilised PROCESS Macro to analyse the impact of green transformational leadership (GTL) style on GTI through green innovation capability (GIC). Also, the study examined the adjustment effect of green market orientation (GMO). The findings indicated a statistically significant and favorable relationship between GTL and GTI through GIC. It also provided evidence to support the notion that GMO has a constructive role in moderating the association between GIC and GTI. These findings provide valuable insights into sustainable practises within Chinese high-tech enterprises, thereby enhancing our comprehension of this subject. Additionally, the study offers practical implications for leadership tactics that promote green innovation.

Ensuring the economic security of high-tech enterprises: methodological approaches to evaluating the effectiveness of a universal integrated system of maintenance and modernization of machines and machine tools

Ensuring the economic security of high-tech enterprises: methodological approaches to evaluating the effectiveness of a universal integrated system of maintenance and modernization of machines and machine tools

Expert evaluation of dual-use technical products

Subject. Progressive and accelerating economic growth of the Russian military-industrial complex needs additional extra-budgetary revenues, which can be obtained using the creation and market sale of dual-use technical products used in the military and civilian spheres. Objectives. The great number of dual technical products, and the complexity of comprehensive assessment of the possibility of their commercialization necessitates creation of special system-wide information and analytical tools. Methods. For objective economic assessment of this type of products, we developed a conceptual method based on their preliminary clustering (grouping) and systematic classification, taking into account the conditions and possibilities of commercial distribution. Results. We identified the main features of clustering and classification of dual products, i.e. the rate of obtaining additional financial profit and economic return from commercial sales, the amount of necessary investments, risky situations and uncertainties. We developed a method to evaluate their commercial and technical potential. The expert assessment of this type of products helps specify and clarify the possibilities and the most effective directions of their commercialization already at the preliminary stage of the systems analysis, identify additional methods for their further and more accurate analysis. The developed expert assessment method can be used in the military-industrial complex, and by high-tech enterprises producing civilian products. Conclusions. The proposed expert assessment of dual-use technical products will enable to develop a system regulation for performing a pre-investment assessment of future sales of technical products, increase the productivity and profitability of defense enterprises.

Research on enterprise financing credit based on soft and hard information under the background of blockchain

Under "accelerating the formation of a new development pattern of domestic circulation and domestic and internationaldouble circulation mutually promoting", high-tech enterprises, as an important role in promoting scientific and technological innovation and economic development, are facing the dilemma ofdifficult and expensive financing. This paper establishes acharacteristic evaluation and credit guarantee systembased on big data credit model to explore the difference ofsoft and hard informationon financing of high-tech enterprises in Anhui Province under the background of double circulation. Taking 131 high-tech enterprises in Anhui Province as samples, this paper analyzes the influence of unstructured soft information and structured hard information on credit evaluation and its intensity byhierarchical linear regression model. The results show that soft and hard information indexes have significant positive effects on credit risk of high-tech enterprises, and soft information has more obvious effects on small and medium-sized high-tech enterprises.

Evaluation of innovation efficiency of high-tech enterprise based on DEA and Malmquist index under the background of sustainable development

Purpose This paper aims to promote the higher quality development of high-tech enterprises in China. While science and technology have greatly promoted human civilization, resources have been excessively consumed and the environment has been sharply polluted. Therefore, it is particularly important for current enterprises to make use of scientific and technological innovation to maximize the benefits of mankind, minimize the loss of nature, and promote the sustainable development of our country. Design/methodology/approach By using DEA-Banker-Charnes-Cooper (BCC) model and DEA-Malmquist model, this paper comprehensively examines the innovation efficiency of high-tech enterprises from both static and dynamic perspectives, and conducts a provincial comparative study with the panel data of ten representative provinces from 2011 to 2020. Findings The research findings are as follows: the rapid number increase of high-tech enterprises in most provinces (cities) is accompanied by an ineffective input–output efficiency; the quality of high-tech enterprises needs to comprehensively examine both input–output efficiency and total factor productivity; and there is not a positive correlation between element investment and innovation performance. Research limitations/implications Because the DEA model used in this paper assumes that the improvement direction of invalid units is to ensure that the input ratio of various production factors remains unchanged but sometimes the proportion of scientific and technological activities personnel and the total research and development investment is not constant. In the future, the nonradial DEA model can be considered for further research. Due to historical data statistics, more provinces, cities and longer panel data are difficult to obtain. The samples studied in this paper mainly refer to the provinces and cities that ranked first in the number of national high-tech enterprises in 2020. Limited by the number of samples, DEA analysis failed to select more input and output indicators. In the future, with the accumulation of statistical data, the existing efficiency analysis will be further optimized. Originality/value Aiming at the misunderstanding of emphasizing quantity and neglecting quality in the cultivation of high-tech enterprises, this paper comprehensively uses DEA-BCC model and DEA Malmquist index decomposition method to make a comprehensive comparative study on the development of high-tech enterprises in ten representative provinces (cities) from two aspects of static efficiency evaluation and dynamic efficiency evaluation.

How Employee Career Sustainability Affects Innovative Work Behavior under Digitalization

The increasing adoption of cutting-edge technologies, such as cloud computing and machine learning by robots that replace human workers, has posed serious challenges to employees’ career sustainability (CS), affecting their innovative work behavior (IWB). As the digitalization of the workplace continues to progress as normal, further investigations into the relationship between CS and IWB are urgently required. In response, we investigate the relationships among CS, IWB, human capital (HC), and user resistance (UR). Using data collected from 537 employees in Chinese high-tech enterprises, structural equation and regression analyses were performed. Our results reveal that (1) three dimensions of CS (career renewability, career flexibility, and career integrity) are positively related to IWB, while the fourth dimension of CS (career resourcefulness) exerts inverted U-shaped influences on IWB, and (2) there is a significant dual moderating effect between UR and HC on the four dimensions of CS and IWB, with the former demonstrating a negative effect and the latter showing a positive effect. These findings offer valuable insights for global managers and policymakers to more appropriately implement HR practices in this highly competitive international market. Adopting a conservation of resources theory (COR) framework and the Job Demands–Resources model (JD-R), we theoretically elucidate how different dimensions of CS serve as personal resources for IWB in the digitalized context, thereby enriching the literature on innovative behavior and career development.

Research on the mechanism of government subsidy on enterprise innovation based on industry-university-research collaboration

This paper provides a theoretical and empirical examination of the relationship between government subsidies, enterprise innovation, and Industry-University-Research (IUR) collaboration. The study begins with a theoretical analysis of the impact of government subsidies on IUR collaboration and enterprise innovation, employing a dynamic game model. Secondly, the research sample comprises A-share listed enterprises in China, and the theoretical findings are validated through empirical methods. Moreover, this study investigates the mediating influence of IUR collaboration and the heterogenous impacts of government subsidies. Research has shown that government subsidies can facilitate enterprises in establishing IUR collaboration, enhancing the extent of IUR collaboration, and effectively stimulating enterprises to participate in innovation. Government subsidies have a more pronounced impact on non-state-owned enterprises, high-tech enterprises, and enterprises in eastern regions in terms of incentivization. By enhancing IUR upgrade, government subsidies can offset the shortcomings in limited Research and Experimental Development (R&D) funding and inadequate technical reserves of non-high-technology enterprises. This could result in an improvement in the quality of innovation and the performance of the subsidized enterprises.

Using Dual Learning Technologies to Prepare for a Demonstration Exam in Secondary Vocational Education

The article updates the problem of the need for highly qualified technicians and workers, without solving which it is impossible to further develop both the high-tech enterprises of the country in general and the regional economy in particular. This is confirmed by the analysis of the need for specialists. The article discusses the problem of preparing future technicians and highly qualified workers for a demonstration exam using dual training technologies in secondary vocational education. The purpose of the article is to identify and test a set of dual training technologies that contribute to effective preparation and successful passing of a demonstration exam, which provides simulation of real production conditions for technicians and highly qualified workers. The methodology for organizing training consists of implementing professional modules in in-demand specialties on the territory of a partner enterprise with a schedule of individual training at the college. Using the method of pedagogical experiment, the developed proposals were tested and their effectiveness was tested using the example of training students of the specialty 02/15/08 Mechanical Engineering Technology in the competencies “Milling work on CNC machines” and “Turning work on CNC machines.” Based on the results of the experimental work, the conclusion is made about the positive dynamics of completing the tasks of the demonstration exam in the experimental group, which meet the requirements of employers of partner enterprises in the real sector of the economy.

Determinants of corporate green innovation? A configuration analysis based on the TOE framework

ABSTRACT Green innovation (GI) is pivotal for enterprises aiming at green development. However, there is a lack of comprehensive research on the configurations that lead to high-level GI, especially considering the diversity among firms. Leveraging the Technology-Organization-Environment (TOE) framework, this study employs fuzzy-set Qualitative Comparative Analysis (fsQCA) on data from 1,293 listed Chinese enterprises spanning 2010–2021 to uncover the intricate paths towards achieving substantial GI. Our findings reveal distinct pathways for high-tech and non-high-tech enterprises, elucidating the nuanced interplay between internal capabilities and external incentives. Specifically, we identify five configurations for high-level GI in high-tech enterprises, epitomised by a ‘dual-wheel drive’ of government support and digital transformation underpinned by signal theory. In contrast, two configurations are discernible for non-high-tech enterprises, characterised by a synergistic ‘government and senior executive cooperation’ model grounded in resource-based theory. These insights culminate in two propositions regarding GI configuration, advocating for an outcome equivalence perspective. This research represents a pioneering exploration that connects firm heterogeneity with the configuration of internal and external conditions through lenses of ‘structure’ and ‘collaboration,’ offering novel pathways for green innovation across diverse enterprise landscapes.

Technological Innovation and The Scale of User Base of High-Tech Enterprises: The Moderating Effect of The of Ownership

Based on the data of listed companies in Shanghai and Shenzhen A-share electronic information technology industry from 2015 to 2020, this paper investigates the effect mechanism and difference of two types of technological innovation modes (progressive technological innovation and abrupt technological innovation) on user scale of high-tech enterprises with different ownership nature. The results show that there is a positive linear relationship between incremental and abrupt technological innovation and user scale, and the abrupt technological innovation plays a greater role in promoting user scale growth than the gradual technological innovation. The relationship between technological innovation and user scale is significantly adjusted by the nature of enterprise ownership, and the gradual technological innovation is suitable for state-owned enterprises to increase user scale, while the abrupt technological innovation is suitable for non-state-owned enterprises to increase user scale.

Financing Dilemma and Optimization Strategies of High-Tech Enterprises

In recent years, Chinas economic market has been developing rapidly and the number of enterprises has been increasing. However, the development of enterprises needs to rely on the support of capital, due to the high financing threshold of the capital market, ordinary commercial banks and private financial institutions can not fully meet the capital needs of all enterprises in the market. This has, to a certain extent, exacerbated the phenomenon of capital bottlenecks and stagnant development faced by Chinese enterprises, and many even went bankrupt due to poor capital turnover. This paper combines the views and conclusions put forward by a number of professional articles to analyze the status quo and predicament of the company's financing. It is found that high-tech enterprises have problems such as less application of financing methods, high financing costs and unreasonable financing structures. By optimizing the financing structure, improving the company's credit level to expand financing methods, and reducing financing costs, the government has introduced helping policies and other optimization strategies that can promote the healthy and stable development of high-tech enterprises.

Impact of the Establishment of Free Trade Area (FTA) on Corporate Innovation

This paper explores the impact of the establishment of FTA on corporate innovation and its mechanism of action using panel data of A-share-listed firms from 2008 to 2021 using the double difference method. The empirical findings show that the establishment of FTA can promote corporate innovation. And government subsidies can strengthen this promotion relationship, while financing constraints alleviate corporate innovation. The heterogeneity test finds that executives with overseas background and high-tech enterprises have alternative effects on enterprise innovation. The ownership nature of firms established in FTA that are non-SOEs plays a stronger role in promoting firm innovation. The empirical results of this paper provide some reference for the country to further broaden the scope of FTA in the future or how to utilize policies to promote enterprise innovation.

Do government fiscal expenditure and financial institutions promote high-tech industry development? Evidence from China

ABSTRACT With economic globalization and the rapid progress of economic transformation, developing high-tech industries has become an important way for many emerging countries to achieve sustainable and environmentally friendly economic development category. This research uses the vector error correction model (VECM) to study the effect of fiscal expenditures and financial support on China’s high-tech industry development during 2001–2022. The results show that government fiscal expenditure has a long-term and stable positive relationship with the output of high-tech industries and the number of new high-tech enterprises, while current loans from financial institutions have a negative relationship with such development. Moreover, fiscal expenditure has a greater and deeper impact on high-tech industries than does the loans of financial institutions. In terms of policy insights, our results imply that the government should continue to improve fiscal expenditure and promote financial innovation to help achieve sustainable and balanced development of high-tech industries.