Level Of Innovation Research Articles

Digital Inclusive Finance and Cultural Consumption

With the transformation of the primary contradiction in our society into the contradiction between the growing needs of the people for a better life and the imbalanced and inadequate development, the importance of cultural consumption is increasing day by day. However, there is limited research from the perspective of digital inclusive finance in promoting cultural consumption. Based on provincial panel data from 2011 to 2021 in China, this paper analyzes the intrinsic mechanism of how digital inclusive finance influences cultural consumption from the perspective of cultural innovation using a two-way fixed effects model and a mediation effects model. The study finds that digital inclusive finance can significantly promote residents' cultural consumption, with dimensional heterogeneity and regional heterogeneity existing: the breadth and depth of coverage of digital inclusive finance sub-dimensions can significantly promote residents' cultural consumption, but the degree of digitization inhibits cultural consumption. The promotion effect is significant in the eastern region. The study also finds that cultural innovation plays a mediating role in the relationship between digital inclusive finance and cultural consumption, i.e., digital inclusive finance promotes cultural consumption by enhancing the level of cultural innovation. The scale of participation in literary and artistic activities plays a positive moderating role in the mechanism of promoting urban and rural cultural consumption by digital inclusive finance, i.e., the larger the scale of participation in literary and artistic activities, the stronger the promotion effect of digital inclusive finance on cultural consumption. Through this study, the relationship between digital inclusive finance and cultural consumption is further confirmed empirically, and a cultural innovation intermediary variable is constructed to elucidate the mechanism of how digital inclusive finance influences cultural consumption.

The Value Logic of Digital Technology Empowering the Deep Integration of Culture-tourism in Huaian Section of Grand Canal

In response to the problems of weak identification of cultural and tourism products, insufficient driving force of the cultural and tourism industry to economic development, and low level of dissemination and innovation of culture in Huaian section of Grand Canal, it is proposed that value innovation is the internal logical path to promote cultural and tourism integration and achieve sustainable development of products, industries, and culture of cultural and tourism; The empower- ment of digital technology is an external logical path to promote the deep integration of cultural and tourism and achieve iteration and spiral development of products, industries, and cultural of cultural and tourism. It is revealed that the value logic of the deep integration of cultural and tourism and is used to guide the development of products and industries , the culture utilization of cultural and tourism in the Huaian section of Grand Canal. The aim is to make the cultural-tourism products fresh, the cultural-tourism industry revitalized, and the cultural-tourism spirit survival long-term.

Study on the Limitations of Economic Digitalization and Development Strategies under the New Development Strategy

With the rapid development of the digital economy and the rise of the industrial Internet, China has made significant progress in terms of industrial competitiveness and industrial innovation and development. However, China's capacity for independent technology innovation must be improved. Firstly, China's independent innovation capacity in key core technology areas could be more robust. This mainly manifests in China's reliance on imported technologies and equipment in high-end manufacturing and emerging industries. Although China has made certain technological breakthroughs in specific fields, there is a particular gap between China and the international advanced level. Secondly, the investment in technological research and development of Chinese enterprises must be increased. Although the R&D investment of Chinese enterprises is gradually growing as more attention is paid to scientific and technological innovation, there still needs to be a significant gap compared with developed countries. In particular, the R&D investment of small and medium-sized enterprises is relatively low, resulting in the overall level of independent technological innovation not being high. Again, China needs to strengthen the protection of intellectual property rights. For a long time, the construction of China's intellectual property protection system has been lagging, and the problem of intellectual property infringement is relatively prominent, which has formed a particular obstacle to independent technological innovation. Therefore, studying economic digital development restrictions and development strategies has profound theoretical and practical significance in the new development pattern.

Bond market liberalization, technological innovation and firms' position in the global value chain division of labor

Based on the annual data of Chinese listed enterprises from 2004 to 2016, this paper investigates the impact of the opening up of the bond market on the division of labor position of enterprises' global value chains. It is found that the opening up of bond market mainly enhances the division of labor position of enterprises' global value chain by influencing the level of enterprises' technological innovation. The results of mechanism test show that the opening of bond market to the outside world can help enterprises to increase R&D investment, improve technological innovation level and realize the upgrading of the division of labor position in global value chain by alleviating the financing constraints of enterprises and intensifying the competition among enterprises. Heterogeneity analysis shows that the opening up of bond market has a better effect on the GVC status of enterprises in the central and western regions than that of enterprises in the eastern regions.

Study on the Limitations of Economic Digitalization and Development Strategies under the New Development Strategy

With the rapid development of the digital economy and the rise of the industrial Internet, China has made significant progress in terms of industrial competitiveness and industrial innovation and development. However, China's capacity for independent technology innovation must be improved. Firstly, China's independent innovation capacity in key core technology areas could be more robust. This mainly manifests in China's reliance on imported technologies and equipment in high-end manufacturing and emerging industries. Although China has made certain technological breakthroughs in specific fields, there is a particular gap between China and the international advanced level. Secondly, the investment in technological research and development of Chinese enterprises must be increased. Although the R&D investment of Chinese enterprises is gradually growing as more attention is paid to scientific and technological innovation, there still needs to be a significant gap compared with developed countries. In particular, the R&D investment of small and medium-sized enterprises is relatively low, resulting in the overall level of independent technological innovation not being high. Again, China needs to strengthen the protection of intellectual property rights. For a long time, the construction of China's intellectual property protection system has been lagging, and the problem of intellectual property infringement is relatively prominent, which has formed a particular obstacle to independent technological innovation. Therefore, studying economic digital development restrictions and development strategies has profound theoretical and practical significance in the new development pattern.

Digital transformation and high-quality development of sports-listed companies: An analysis of vocabulary from annual report texts

This paper selects sports-listed companies from 2013 to 2022 as the sample and employs text analysis methods to test the impact of digital transformation on the high-quality development of the sports industry. The study finds that digital transformation significantly improves high-quality development by improving the firm's market position and innovation level. These findings contribute to the promotion of continuous and stable digital transformation of sports-listed companies and offer policy and strategy guidance to manage transformation as a long-view effort.

Green investor behavior and corporate green innovation: Evidence from Chinese listed companies

Businesses embracing green innovation can encourage high-quality green economic development in addition to reducing emissions. In this paper, we use the Difference-in-Differences (DID) to investigate the influence of green investor behavior on the green innovation of companies, using the first-ever green investor investment in a company as a quasi-natural experiment. According to research, green investors have the power to accelerate corporate green innovation greatly. Three key strategies that green investors can use to do this include raising institutional investment levels, enhancing the green perception of executives, and bringing in top talent. Heterogeneity analysis shows that non-high-polluting, big, and state-owned enterprises (SOEs) are more likely to benefit from green investors' green innovation effects. Further analysis reveals that (ⅰ) green investors' influence on an enterprise's level of green innovation can help it improve its ESG ratings; (ii) green investors can encourage green innovation in source control but have little effect on green innovation in end-of-pipe treatment; (ⅲ) green investors can support both non-green and green innovation in enterprises, but have a greater influence on green innovation. This study strengthens the micro relationship between green investors and corporate green innovation. It also supports the theoretical underpinnings of corporate green innovation, which is significant for advancing green innovation, environmental protection, and high-quality economic development in emerging economies.

Market-based debt-to-equity conversion and corporate green innovation

Using a sample of Chinese listed data, this paper examines how market-based debt-to-equity conversions affect firms’ green innovation performance to offer policy recommendations that bolster sustainable development. The empirical findings show that these conversions can enhance the level of green innovation and that risk-taking has a mediating effect. Furthermore, enterprises can alleviate their financing constraints through debt-to-equity conversions, thus regulating green innovation behaviour.

Nexus of natural resources exploitation, social protection, and sustainable environment: COP27 is a sufficient solution?

A pervasive threat regarding human health, ecological balance, progress, and sustainability marks the current era. Many nations are grappling with the consequences of climate change and global warming caused by excessive carbon emissions from various harmful activities. Consequently, while some nations face resource constraints, they also work hard to keep the environment clean and green to promote sustainable growth. Concerns about the effects of climate change and global warming have recently shifted the focus of national governments and policymakers. Furthermore, these issues take center stage in developed nations due to the scarcity of natural resources, leading to increased carbon emissions. This research uses a panel data set that covers the top 20 developed countries from 2000 to 2021 to examine the relationship between nature's bounty (NAT) and welfare (SP) and carbon emissions (CO2). The next-generation panel assembly root test verified that all indicators were stationarity at the first difference, and the cross-sectional dependence (CSD) mirrored the panel countries' CSD. The second-generation cointegration technique (Wester Lund and Edgerton) was used to find an equation involving the variables. The rigorous check by the Cup-BC test and long-run empirical estimates from the Cup-FM estimation highlighted that technical innovation, social protection, and higher levels of green energy contribute to greater environmental sustainability and lower CO₂ emissions. Environmental quality declines and CO2 emissions rise in developed countries due to population, natural resource availability, and economic complexity index. The study's results may illuminate the reasons for environmental deterioration and propose solutions.

The Integration of Modern Technologies in Geography Teaching at Educational Institutions

The late 20th century witnessed a significant shift in the education sector with the introduction of moderntechnologies. This led to a quantum leap in the use of these technologies in educational institutions, which began to compete in their implementation. These technologies play a major role in elevating the purely educational level to the level of creativity and innovation.

Executives’ green cognition and corporate green innovation: evidence from China

Based on the cognitive and upper echelons theories, this study investigated the impact of executives’ green cognition on corporate green innovation using panel data on Chinese A-share listed companies from 2007 to 2021. The findings revealed that companies with executives who possess green cognition demonstrated a minimum increase of 12.5% in green innovation compared with companies without such cognition. The mechanism analysis suggested that executives’ green cognition promotes green innovation by alleviating managerial myopia and attracting green investors. The heterogeneous effects analysis indicated that a positive effect is predominantly observed among non-heavy-polluting industries and regions with a lower intensity of environmental regulations. This study identified the positive role of executives’ green psychological cognition, thereby providing insights into incorporating psychological cognitive factors in executive selection to enhance the level of corporate green innovation and promote the construction of corporate quality management.

International Drug Repurposing Patent Landscaping, Part 1: Rare Diseases 2010–2023

In this first installment of a series of papers on landscaping of drug repurposing patents, we present an analysis in the context of rare diseases. Using the RepoScope drug repurposing database, developed as part of the REPO4EU Horizon Europe project, we identified 190 documents that were published through the international PCT (Patent Cooperation Treaty) patent system from 2010 to 2023. These documents claimed utility in a total of 98 rare diseases. We provide detailed tabulated summaries for two representative disease classes: lysosomal storage diseases and muscular dystrophies. High variability in active pharmaceutical ingredients indicated high levels of innovation. Seventy-five percent of rare disease drug repurposing patents were filed by small/medium pharmaceutical companies or universities, often university spin-offs. Big pharmaceutical companies show limited interest in this area, as reflected by their low representation. Approximately one-third of all patent disclosures came from the United States and the European Union (EU). The EU demonstrated a stronger position in patenting for rare diseases than general pharmaceutical patenting. Patentees from China, Korea, and Japan, who are notable in the general pharmaceutical field, showed limited interest in rare disease drug repurposing patents, in contrast to their publication record in this area.

Empirical Analysis of the Impact of Human Capital on Corporate Digitalization

Using panel data from A-share listed companies between 2007 and 2021, this study empirically examines the theoretical mechanisms through which human capital influences the digitalization of Chinese enterprises. The findings reveal that upgrading corporate human capital effectively empowers the digitalization of Chinese firms, a conclusion that is robust across a series of tests. Mechanism analysis indicates that the enhancement of human capital primarily facilitates corporate digitalization through improvements in R&D innovation and management levels. Heterogeneity analysis shows that the positive impact of human capital upgrading on corporate digitalization is more pronounced in the eastern and central regions, technology-intensive firms, and high-tech enterprises. These conclusions provide valuable insights for further promoting corporate human capital enhancement and digitalization.

How Does University-Industry Collaboration Drives the Green Innovation?

Breaking through the company’s own green knowledge barriers through school-enterprise cooperation has become an important means for companies to expand market competitive advantages and environmental governance. This article uses China’s non-financial listed company data from 2010 to 2021 to study the causal effect of school-enterprise cooperation on corporate green innovation. The results passed a series of robustness tests and confirmed that school enterprise cooperation can improve the level of green innovation of enterprises. This paper also uses the instrumental variable method to mitigate the causal relationship between the two. The results show that school-enterprise cooperation can still significantly improve corporate green innovation. The results of the mechanism test confirm that school-enterprise cooperation will promote corporate green innovation by reducing corporate green innovation risks and easing corporate financing constraints. At the same time, the heterogeneity analysis results show that school-enterprise cooperation has a better effect on improving green innovation for enterprises in heavily polluting industries, enterprises in years with low economic policy uncertainty, and enterprises with a high degree of government-enterprise connection. The findings of this article help to understand the intrinsic mechanism between school-enterprise cooperation and corporate green innovation, and confirm that school-enterprise cooperation can improve the climate and environmental innovation system, which has important practical significance for the construction of the industry-university-research system.

The impact of digital economy on China’s green-oriented transition of energy: multiple mediation effects from a spatial perspective

With the continuous advancement of the new generation of information technology revolution, digital economy is gradually becoming an important driving force for energy transition while restructuring the new form of the economy. This paper selects panel data of 30 provinces in China from 2011 to 2021, empirically verifies the special impacts of digital economy on green-oriented transition of energy by using the spatial Durbin model, and further constructs a multi-intermediary model to verify its transition pathways. The main findings are as follows: First, the overall level of green-oriented transition of energy in China’s eastern coastal areas is relatively high, and the western regions have been more capable of catching up in recent years. Second, digital economy has played a significant role in promoting green-oriented transition of energy, and there is a positive spatial spillover effect. Third, digital economy could indirectly promote the green-oriented transition of energy by promoting the upgrading of industrial structure, improving the level of technological innovation and strengthening environmental regulations. This study provides empirical insights and reference for policymakers in accelerating the comprehensive green-oriented transition of energy.

Factors Contribution to Differences of Green Innovation in China

Green innovation has become one of the most effective ways to deal with ecological problems such as environmental pollution, global warming and resource depletion. A comprehensive and accurate understanding of regional differences and influencing factors of green innovation level is of great significance further to promote green innovation and to realize the harmonious coexistence between man and nature. This paper analyzes the regional differences of green innovation level in China from 2011 to 2020 by using GDI, Moran’s I, Getis-Ord Gi*, and other indices at provincial, urban agglomeration and prefecture-level city scales, and identifies with geographical detectors, the leading factors influencing the spatial differentiation of green innovation level as well as their interactions. The results show that from 2011 to 2020, the overall level of green innovation in China gradually improves and the regional differences gradually decrease, and that the smaller the scale, the greater the regional differences. Green innovation level increases with the increase of urban agglomeration level and the expansion of city scale. There are differences in the spatial structure features of green innovation level at different scales, the degree of spatial agglomeration decreases as the scale reduces. At provincial and prefecture-level city scale, areas of higher green innovation level are mainly located at the east side of Hu Line, while at the urban agglomeration scale, they are mainly national urban agglomerations such as Yangtze River Delta and Pearl River Delta, and regional urban agglomerations such as Ha Chang and Shandong Peninsula Urban Agglomeration. The leading factors influencing the spatial differentiation of green innovation level and their interactions vary with the different scales. At provincial and prefecture-level city scales, the core factors are venture capital level, quality of faculty and education level. On the scale of urban agglomeration, the core factors are venture capital level and economic level. JEL Classification: M10, O32, R12.

Effect of Human Capital Development on the Performance of Small Scale Enterprises in Ondo State, Nigeria

It is globally acknowledged that small-scale businesses (SSEs) play a critical role in promoting innovation, economic growth, employment creation, and social development in both developed and developing nations. SSEs in Nigeria have not contributed as much to the nation's economic development and progress as was anticipated because of a lackluster level of innovation. The performance of SSEs in Ondo State, Nigeria, was therefore investigated in relation to the development of human capital. Out of 2,324 registered SSEs, data from 270 respondents were gathered using a structured questionnaire and a simple random sampling technique. In order to investigate the relationship between the independent variable (human capital development) and the dependent variable (sales growth), the data were analyzed using simple linear regression and the Statistical Package for Social Sciences (SPSS) version 23. The results of the study showed that increased sales are positively and significantly impacted by the development of human capital (β = 0.752, t = 15.248, P<.005). According to this, sales growth in Ondo State, Nigeria, is strongly predicted by the development of human capital. According to the outcome, the State's sales growth was boosted by 64.7%, in part by human capital development. The study concluded that if sufficient funds are allocated to developing their human capital—particularly through training, seminars, workshops, and the acquisition of academic and professional qualifications—SSEs in Ondo State, Nigeria, can achieve a considerable improvement in both their financial and non-financial performance. Thus, it is therefore recommended that governments, non-governmental organizations, and other interested parties make investments in thorough training and educational initiatives designed to meet the unique requirements of SSEs.

Promotion as a Catalyst for Employee Performance in First City Monument Bank in Abia State, Nigeria

The major advocacy of this study is Promotion as a Catalyst for Employee Performance in First City Monument Bank (FCMB), in Abia State, Nigeria. It is observed that the decision to package the promotion model of FCMB in line with the organization’s best-place-to-work philosophy is geared towards identifying, inspiring and rewarding excellence and hence, a way of rewarding productivity, and employees who have brought huge levels of innovation, and those influential in the development of new services and solutions which provide speed and convenience to the customers.. The study found out that promotion limits the influx of fresh perspectives and new ideas into FCMB which may prevent external candidates with expert knowledge from joining the organization. The study recommends among others that it is crucial for FCMB to communicate transparently about promotion processes and criteria, provide constructive feedback to employees who were not promoted, and foster a supportive and inclusive work culture. The study concludes that it is crucial for FCMB to have performance-enhancing system capable of facilitating the best management and development of their employees, and increasing their competitiveness so that there will be a correlation between promotion and employee performance.

A holistic methodology for designing novel flat plate evacuated solar thermal collectors: Modelling and experimental assessment

This paper presents a comprehensive analysis of the design, implementation, experimentation, and optimization of a novel evacuated flat-plate solar thermal collector characterized by a vacuum level between the glass cover and the absorber plate. The paper addresses different research themes, primarily focusing on developing a low-cost evacuated solar thermal collector with a high innovation level. Additionally, it introduces a comprehensive approach for the conceptualization, design, fabrication, testing, and optimization of solar thermal collectors. Specifically, this study aims to highlight the characteristics of a vacuum-enhanced solar thermal collector and demonstrate a step-by-step process involved in its design, fabrication, testing, and optimization. The proposed methodology is based on the adoption of two software tools and an extensive experimental analysis: the commercial software ANSYS is utilized for structural analysis, while MatLab is employed to develop a suitable mathematical tool for assessing the energy performance of the system and optimizing it. The outcomes show the reliability of the methodology and the performance of the low-cost evacuated solar thermal collector under different vacuum levels, providing insights into energy, economic, and environmental aspects. This work innovates by presenting a thorough analysis covering all solar thermal collector production phases, from conceptualization to optimization. The conclusions highlight the production of a reliable approach, and proof-of-concept results demonstrate how increasing the vacuum level enhances the thermal efficiency of a solar collector.

Examining the Relationship Between Individual Innovativeness and Positive Future Expectation Levels of Physical Education Teacher Candidates

This study aimed to examine the effect of teacher candidates' individual innovativeness levels on their positive future expectations. A total of 412 teacher candidates, 194 women and 218 men, studying at sports science faculties of universities in Ankara, participated in the research. “Personal Information Form”, “Individual Innovativeness Scale” and “Positive Future Expectation Scale” were used in the data collection process. During the data analysis phase, Independent Samples T test, One Way ANOVA analysis, Pearson correlation analysis and Multiple Linear Regression Analysis were used in the SPSS 25.0 program. The research found that the individual innovativeness levels and positive future expectations of the teacher candidates were above the medium level. It was found that the individual innovativeness levels and positive expectations of teacher candidates differ according to the type of university (public, private) and the class they study in (p <0.05). It was observed that there was a positive relationship between the individual innovativeness level and positive future expectation among the teacher candidates participating in the research (p<0.05), and it was also determined that the individual innovativeness level positively affected the positive future expectation (pz0.05). As a result, it can be said that the high level of individual innovativeness in teacher candidates is a factor that increases positive future expectations.