Innovation-driven Development Research Articles

How does digital transformation affect corporate resilience: a moderation perspective study

ABSTRACT In the context of the accelerated development of the digital economy and the implementation of the innovation-driven development strategy, does digital transformation inevitably improve corporate resilience? Based on measuring the moderation of corporate digital transformation, this paper examines the dynamic relationship between digital transformation and corporate resilience using the theory of new structural economics and double machine learning methods. The results show that the more moderate the digital transformation, the higher the level of corporate resilience. Agency costs, financing constraints, and irrational decision-making bias constitute important influencing mechanisms. Further analysis reveals that the resilience-enhancing effect of moderate digital transformation is more pronounced among corporations with high levels of corporate governance, low levels of information asymmetry, more diverse executive backgrounds and in manufacturing corporates. The relevant findings of this paper provide guidance and decision-making references for promoting the high-quality development of corporates.

Digital economy and urban innovation level: A quasi-natural experiment from the strategy of “Digital China”

The digital economy is an essential engine of the innovation-driven development strategy and plays a valuable role in promoting the high-quality development of the regional economy. Based on the panel data of 286 cities in mainland China with the help of the digital economy strategic plans issued by local governments as a quasi-natural experiment, we use the multi-temporal double-difference (DID) method to examine the impact of the digital economy on the urban innovation level. Findings show that the digital economy can significantly improve the urban innovation level. After a series of robustness tests, such as parallel trend test, updating sample and period, and repeated placebo test, the innovation-driving effect generated by the development of the digital economy remains significant. Results of the mechanism analysis indicate that the digital economy enhances the level of innovation through upgrading industrial structures. In addition, we find through the heterogeneity test that the digital economy has a stronger effect on improving the quality of innovation. Meanwhile, the innovation output in the Middle Eastern region is more significantly affected by the “Digital China” strategy than the Western region. Therefore, we should accelerate the implementation of the local digital economy development strategy to realize the high-quality development of the regional economy.

“Cooperation” or “competition”: Digital finance enables green technology innovation—a new assessment from dynamic spatial spillover perspectives

Green technology innovation is crucial in promoting the establishment of a green economic system. Digital finance is vital in supporting green technology innovation by combining finance and technology to extend the boundaries of financial services. This study constructs a theoretical framework by extending the Solow growth model and introduces a dynamic spatial Durbin model to investigate how China's green technology innovation is impacted by digital finance performance. Our results show that digital finance positively affects green technology innovation in local cities and hinders environmental technology improvement in nearby cities, resulting in unfavorable externalities. The mechanism check shows that digital finance motivates green technology innovation by expanding the scale of consumption, promoting industrial upgrading, and strengthening government support. The positive effects of digital finance on environmental technology improvement are prominent in regions with higher levels of digital finance, particularly in China's eastern and central regions. The degree of digitization and the depth of usage have notable positive impacts on green technology progress. Our findings provide important decision-making references on sustainable growth and have some significance for eliminating the digital development gap between regions and promoting innovation-driven development strategy.

Research on the Internal Talent Training Path and Performance Evaluation Mechanism of New R&D Institutions in Zhejiang Province

New research and development (R&D) institutions are an important part of the national innovation system, playing an important role in promoting the transformation of scientific and technological achievements. In recent years, new R&D institutions have gradually become the driving force of innovation-driven development in China. Taking new R&D institutions in Zhejiang Province as the research object, this paper studies the internal talent training path and performance evaluation mechanism of new R&D institutions in Zhejiang Province by using the literature research method, comparison method, case verification method, and other methods. The investigation results show that there are problems such as lack of material and spiritual support and neglect of the absorption of local talents in the internal talent training, and there are problems such as unclear standards, insufficient data, and opaque processes in the performance evaluation mechanism, which greatly affect the establishment and improvement of the performance evaluation mechanism. Given the above problems, this paper puts forward a forward-looking, oriented, flexible, and compatible talent training path and performance evaluation mechanism, hoping to optimize the effective internal talent training path of new R&D institutions, improve the evaluation performance, and promote healthy development of new R&D institutions in Zhejiang Province.

Research on the impact of industrial innovation determinants in China

ABSTRACT China's industries have been positioned at lower and mid-range of the global industrial chain. On the basis of the latest China Economic Census, the effects of external technology acquisition and internal research and development (R&D) efforts on the innovation performance of Chinese industrial enterprises are examined. The results demonstrate that the levels of R&D intensity, patent output and innovation capability of Chinese industrial enterprises are still very low. Independent R&D has become the most vital source of technological innovation. External technology acquisition significantly inhibits the impact of internal R&D on patent production. In addition, the critical role of independent R&D in the innovation performance of Chinese industrial enterprises is confirmed. This study is of theoretical value and practical significance for promoting the industrial innovation advantages, accelerating the implementation of the innovation-driven development strategy and upgrading industrial structure.

THE INFLUENCE MECHANISM OF SOCIAL SUPPORT AND WORK STRESS ON JOB BURNOUT OF COLLEGE TEACHERS

Based on the Social Support Theory and Person-Environment Fit Theory, this research takes university teachers as the research object and uses literature research, questionnaire surveys, data statistics, structural equations, and other research methods to explore the relationship between social support, work stress, job burnout, and the organizational culture of university teachers under the new situation of implementing the strategy of revitalizing the country through science and education and innovation-driven development strategies. And construct a model of the influencing factors of job burnout among university teachers. 
 The main research conclusions include: social support has a significant negative impact on job burnout, and the impact of organizational support on job burnout is greater than that of external support; work stress has a significant positive impact on job burnout, and hindrance stress has a greater impact on job burnout than challenging stress; social support has a significant negative impact on work stress; and work stress partially mediates the impact of social support on job burnout.

Application Research of Positive Psychology in Innovation and Entrepreneurship Education of College Students

With the continuous deepening and progression of quality education, the standards and requirements of college education management work are also constantly improving. There is a shared responsibility in cultivating innovative and entrepreneurial talents, developing the innovation consciousness of students, exercising entrepreneurial ability, enriching their entrepreneurial experience, and laying a solid foundation for their future employment and career growth. Based on the perspective of positive psychology, to further improve the quality of dual-innovation education, schools should comprehensively optimize the curriculum system, enrich the content of education, and innovate teaching methods, to stimulate the subjective initiative of students. With this, we can give full play to the important role of positive psychology in dual-innovation education to aid in the efficient implementation of innovation-driven development strategies in our country. Given this, this study combined practical experience and theoretical basis, conducted an in-depth discussion of the concept of positive psychology, analyzed its application value in innovation and entrepreneurship education, and proposed specific implementation strategies.

Local Inter-Governmental Cooperation in Regional Innovation in China: Historical Evolution and Logic of Change

Under the innovation-driven development strategy, inter-governmental cooperation in regional innovation has proliferated, but the historical change logic of local government participation in innovation cooperation has not been explained yet. Based on the theoretical paradigm of historical institutionalism, this paper attempts to construct a "structure-history-action" analytical framework for local government participation in innovation cooperation. Based on the theoretical paradigm of historical institutionalism, this paper attempts to construct a "structure-history-action" analytical framework for inter-governmental cooperation in regional innovation. In the course of more than forty years of change, inter-governmental cooperation in regional innovation in China can be divided into four stages. In the course of more than forty years of change, inter-governmental cooperation in regional innovation in China can be divided into four stages. Firstly, it has been driven by structural conditions in macro-institutional change; secondly, 'path dependence' Firstly, it has been driven by structural conditions in macro-institutional change; secondly, 'path dependence' caused by political and cultural genes, administrative institutional traditions and the 'key nodes' that drive change. Finally, the perceptions and interests of local governments, as micro-actors, have profoundly shaped the direction of change. On this basis, the development path of inter- governmental cooperation in regional innovation is proposed: strengthening the top-level design of innovation cooperation and optimizing.

Manager myopia and green technology innovation

PurposeWith the growing concern of various sectors of society regarding environmental issues and the promotion of sustainable development, green technology innovation is generally considered to be conducive to the long-term development of enterprises. However, because of the existence of agency problems, managers may have shortsighted behaviors. Then how will managers' shortsighted behaviors affect enterprises' green technology innovation?Design/methodology/approachThis paper uses machine learning-based text analysis methods to construct a manager myopia index based on the data from A-share listed companies on the Shanghai and Shenzhen Stock Exchanges from 2015 to 2020. We examine the impact of manager myopia on green technology innovation in companies.FindingsOur study finds that manager myopia significantly inhibits green technology innovation in companies. However, when multiple large shareholders coexist and the proportion of institutional investors' holdings is high, it can alleviate the inhibitory effect of manager myopia on green innovation. Heterogeneity tests show that the impact of manager myopia on green technology innovation is relatively significant in non-state-owned and manufacturing companies, as well as in the electricity industry. Robustness tests demonstrate that our conclusions remain valid after using propensity score matching to eliminate endogeneity problems.Originality/valueFrom the perspective of corporate governance, this paper incorporates managers' shortsightedness, multiple large shareholders and institutional investors' shareholding ratios into the same logical framework, analyzes their internal mechanisms, helps improve corporate governance, enhances green innovation capabilities and has strong implications for the implementation of national innovation-driven development strategies and the achievement of “carbon peak” and “carbon neutrality” targets.

Impact of digital finance on corporate green innovation: Exploring role of land resource misallocation in China

Within the framework of the new development concept, achieving green technological innovation (GTI) in enterprises through green-oriented and innovation-oriented systems has become a crucial step towards promoting the transformation towards sustainability and innovation-driven development. Furthermore, digital governance has emerged as a powerful catalyst for China's economic and social progress, offering fresh opportunities to enhance the country's level of GTI. Given this, we investigate the influence and mechanism of digital finance on developing environmentally friendly innovations inside A-share listed firms in Shanghai and Shenzhen between 2011 and 2020. The study reveals that digital inclusive finance (DIF), in terms of its reach, level of utilization, and extent of digitization, has a substantial positive impact on GTI. It indirectly stimulates such innovation by exacerbating the imbalance in land resources mismatch. DIF plays a more pronounced role in driving GTI in the eastern and central regions, non-resource cities, second-tier cities, and cities with a higher level of digital economy development and implementation of the broadband China strategy. Digital governance facilitates the efficient implementation of digital finance and fosters a conducive external environment and internal drive for businesses. It offers valuable perspectives on the role of digital finance in China's economic transformation and underscores the significance of digital governance in promoting green technological innovation and economic progress.

The Impact of Environmental Regulation on Collaborative Innovation Efficiency: Is the Porter Hypothesis Valid in Chengdu–Chongqing Urban Agglomeration?

Under the advocacy of sustainable and innovation-driven development, the potential impact of environmental regulation on collaborative innovation has become a controversial issue. This article uses panel data from 16 cities in the Chengdu–Chongqing urban agglomeration from 2011 to 2021 to analyze the impact of environmental regulation on collaborative innovation efficiency. First, this study uses the two-stage DEA model to analyze each city’s industry–university–research collaborative innovation efficiency. Then, the impact of environmental regulation on collaborative innovation is analyzed using the Tobit model. The results show that in the temporal dimension, the collaborative innovation efficiency of each city shows an upward trend. This demonstrates the outstanding effectiveness of transforming knowledge into technology for economic development. In the spatial dimension, the collaborative innovation efficiency of this urban agglomeration shows a “high in the center and low in the surroundings” pattern. The Tobit regression model shows that environmental regulation significantly impacts collaborative innovation in the Chengdu–Chongqing urban agglomeration. Command-and-control environmental regulation policies have a threshold effect on collaborative innovation, verifying the Porter hypothesis that appropriate environmental regulation promotes innovative activities. The results provide an initial basis for formulating regional environmental policies to achieve a win–win situation for innovation and sustainability in underdeveloped regions.

Game-theoretical study of military–civilian collaborative innovation in the context of four-party participation

PurposeIn the context of constructing an integrated national strategic system, collaborative innovation among enterprises is the current social focus. Therefore, in order to find the interest relationship between multiple game subjects, to explore the influencing factors of collaborative innovation of civil-military integration enterprises. This paper constructs a collaborative innovation mechanism for military–civilian integration involving four game subjects (military enterprises, private enterprises, local governments, and science and technology intermediaries). It aims to solve and reveal the evolutionary game relationship among the four parties.Design/methodology/approachTo explore the mechanism of military–civilian collaborative innovation involving four players, this study employs game theory and constructs an evolutionary game model for collaborative innovation with the participation of military enterprises, civilian enterprises, local governments, and technology intermediaries. The model reveals the evolutionary game patterns among these four entities, analyzes the impact of various parameters on the evolutionary process of the game system, and numerical simulation is used to show these changes more specifically.FindingsThe research findings demonstrate that active government subsidies promote cooperation throughout the system. Moreover, increasing the input-output ratio of research and development (R&D), the rate of technological spillovers, and the R&D investment of civilian enterprises all facilitate the tendency toward cooperation within the system. However, when the government chooses to actively provide subsidies, increasing R&D investment in military enterprises may hinder the tendency toward cooperation. Furthermore, central transfer payments, government punishment from the central government, and an increase in the information conversion rate of technology intermediaries may suppress the rate of cooperation within the system.Originality/valueMost of the previous studies on the collaborative innovation of military–civilian integration have been tripartite game models between military enterprises, private enterprises, and local governments. In contrast, this study adds science and technology intermediaries on this basis, reveals the evolution mechanism of collaborative innovation of civil-military integration enterprises from the perspective of four-party participation, and analyzes the factors influencing the cooperation of the whole system. The conclusion of this study not only enriches the collaborative innovation evolution mechanism of military–civilian integration enterprises from the perspective of multiple agents but also provides practical guidance for the innovation-driven development of military–civilian integration enterprises.

Can stakeholders’ attention to innovation promote corporate innovation?

Purpose Given the significance of innovation in enabling firms to maintain a long-term competitive edge and secure excess profits, this paper aims to investigate whether and how stakeholders’ attention to innovation (SATI) influences corporate innovation. Design/methodology/approach This paper introduces a novel variable, SATI, which is achieved by segmenting stakeholders’ attention into two categories: attention to innovation and attention to other facets, using textual analysis methods. Subsequently, this paper empirically examines the influence of SATI on corporate innovation. Findings This paper finds that SATI positively affects corporate innovation input, and the result remains true after addressing possible endogeneity issues using instrumental variable regression. Furthermore, the positive effect of SATI on corporate innovation is stronger in firms facing greater financing constraints, thus verifying the financing constraints hypothesis. The positive effect is also stronger in firms with lower risk-taking levels, thus confirming the innovation failure tolerance hypothesis. Further analysis suggests that SATI increases both corporate innovation output and efficiency, thus ruling out the catering hypothesis. Originality/value This paper highlights the importance of SATI in driving corporate innovation. It enriches the literature on the repercussions of stakeholders’ attention and determinants of corporate innovation. In addition, it provides practical suggestions for further implementing China’s national innovation-driven development strategy.

Innovation-Driven Development Strategy of Preschool Education in the Internet+ Era

With the development of information technology and the internet, preschool education needs more innovative thinking and methods to promote its development. However, current preschool education faces many problems, such as limited resources, uneven educational quality, and difficulty in achieving personalized education, which seriously affect children's physical and mental health and social adaptability. Therefore, this paper selects preschool education innovation in the “internet plus” era as the research object. This paper will use literature review and empirical research methods to analyze problems and explain the theoretical basis; put forward teaching, management, service innovation; and at the same time promote educational system reform, optimize resource allocation, strengthen teacher construction, improve teaching quality and other pre-school education innovation strategies in the “internet plus” era. The research results can provide reference and inspiration for innovation in preschool education.

Impact of the digital economy on low carbon sustainability evidence from the Yellow River Basin

As the digital economy increasingly dominates a substantial portion of the national economy, comprehending its role in promoting sustainable development has become an imperative research question—particularly in the context of the Yellow River Basin, where there exists an urgent need to shift toward more sustainable modes of economic growth. Utilizing panel data spanning from 1999 to 2020 for 114 cities in the Yellow River Basin, this study develops a comprehensive evaluation framework for sustainable development, incorporating economic, social, and ecological dimensions. The empirical findings reveal that the digital economy acts as a catalyst for sustainable development. Importantly, these results withstand both endogeneity tests and robustness checks. Further heterogeneity analysis indicates that the positive impact of the digital economy on sustainable development is more pronounced in regions directly traversed by the Yellow River and in areas with higher sustainability levels. Moreover, the enactment and implementation of the 13th Five-Year National Information Plan have emphasized the role of the digital economy in enhancing sustainable development. Mechanism tests also illustrate those elevated levels of personal digital acceptance and government intervention contribution to amplify the digital economy’s positive impact on sustainable development. In conclusion, policy recommendations are put forward, including optimizing industrial structure, strengthening data governance and environmental monitoring, promoting innovation-driven development, and fostering collaborative growth.

Urban innovation, heterogeneous environmental regulations and haze reduction effects–evidence from pilot policies of innovative cities

Innovation-driven development strategies have injected new momentum into haze management. In addition to its core innovation-driven role, innovative city pilot policy is significant for environmental enhancement and should not be overlooked. To assess the performance of the pilot policy in decreasing haze, a multiperiod double difference model was employed, and a spatial econometric model was used to empirically examine the potential spatial spillover effect of haze management as a regional synergistic concept between 2006 and 2020. Panel data from 282 prefecture-level cities were selected. To investigate and empirically examine the territorial spillover effect of haze reduction as a regional synergistic notion, a spatial econometric model was applied. Based on the study, the pilot construction significantly reduced haze pollution. In China’s eastern and central regions, small cities, and newer industrial bases, the inhibitory effect of pilot policies on haze pollution was more pronounced, according to heterogeneity analysis. Moreover, analysis of the heterogeneous environmental regulations revealed that the enforcement of policies would increase the sense of urgency of local governments, strengthen the concern and responsibility of the government for the environment, and further awaken the public’s concern for the environment, in addition to forcing enterprises to practice clean and sustainable production, thus achieving the effect of accelerated haze reduction. From the spatial perspective, innovative pilot cities have certain spatial spillover effects and thus can increase the effects of policy for neighboring regions, similar economic regions and local transportation regions.

Work Experience of Private Entrepreneurs in SOEs and Enterprise Innovation Investment: Evidence from China

ABSTRACT Private enterprises are important due to their innovation-driven development strategies. There are many private entrepreneurs in China who have experience working in state-owned enterprises (SOEs), and how entrepreneurs’ SOE work experience affects enterprise innovation investment has not yet been sufficiently studied. Based on imprinting theory and using data from a survey of private enterprises in China, our study confirms that private entrepreneurs’ SOE work experience promotes enterprise innovation investment. Mechanism tests suggest that political connections and policy perceptions are mediating mechanisms. Entrepreneurs’ educational background reinforces the mediating roles. This paper enriches the research on imprinting theory and enterprise innovation.

The Ramifications of China’s Maritime Equipment Industry Policies for the EU

ABSTRACT This article utilizes strategic trade theory (STT) to assess China’s build-up of its maritime equipment (ME) industry. It does so by analyzing how maritime equipment has been addressed in Five-Year-Plans (FYPs) on the development of the maritime economy since 2013. Thus, it illustrates the importance of constructing integrated demonstration development zones and building-up technological capacities for the ME industry’s development. It also details the Chinese government’s objective to develop national champions in the ME industry, which corresponds with the broader context of China’s Innovation-Driven Development Strategy (IDDS) since 2016. Though trade data illustrates China has not yet taken over the EU’s current leadership position in the ME value chain, it does signal that dependence on the EU has been inversed for several categories of the ME industry. EU policymakers need to reflect on the possible ramifications of China’s approach for both the EU’s economic and security domains in deciding on if, how, and to what degree the EU and its member states should address China’s ME build-up.

Effectiveness Evaluation of Employment and Entrepreneurship Education Models in Colleges and Universities Based on Multiple Fuzzy Evaluation System

Abstract Employment and entrepreneurship education in colleges and universities is an urgent need for the national implementation of the innovation-driven development strategy and the promotion of economic quality and efficiency. In this paper, the entropy weight method is used to get the original index matrix for the evaluation of the effect of the employment and entrepreneurship education model in colleges and universities, and then the data are normalized to derive the weight value of the employment and entrepreneurship education model in colleges and universities. The fuzzy evaluation of the M college employment and entrepreneurship education model is derived by using multivariate fuzzy comprehensive evaluation according to the weight value. Lastly, the fuzzy evaluation of three colleges and universities in H is done using the fuzzy comprehensive evaluation model based on entropy weight and multivariate data. The experimental results show that B2 employment and entrepreneurship hard environment, B4 financial guarantee, and B9 student achievement evaluation of M colleges are all poor. After evaluating three colleges and universities in place H, it was found that the fuzzy evaluation results of students and experts in each index were consistent. The students of the 3 colleges and universities in place H were rated by employers in the areas of adventurous spirit, willpower, and crisis management at a score of 0.5-0.6 QC, which needs to be improved. Overall employers’ satisfaction with the entrepreneurial ability of students in these 3 colleges and universities is 0.69, 0.698, and 0.709, respectively, and the employment and entrepreneurship education model of colleges and universities in place H is effective.

The positive effects of the higher education expansion policy on urban innovation in China

<abstract> <p>Higher education not only enhances people's well-being, but also plays an important role in the in-depth implementation of the innovation-driven development strategy. In this paper, we use Chinese urban data for 1995–2020, utilizing the higher education expansion policy implemented in China in 1999 as an external shock. Using Double/Debiased Machine Learning (DML), we examine the impact of the aforementioned policy on urban innovation and its mechanisms. The results show that: (1) The higher education expansion policy significantly promotes urban innovation; (2) the policy promotes human capital expansion and strengthens government financial support, thereby significantly fostering urban innovation; (3) the impact of the policy varies across cities with different geographic locations, population densities and levels of marketization. Therefore, the findings of this paper provide empirical evidence that higher education expansion policy stimulates urban innovation. It also offers useful insights for China's transition from "Made in China" to "Created in China" during its high-quality development phase.</p> </abstract>