Technological Innovation Ability Research Articles

Study on Digital Transformation Strategy of Small and medium-sized Enterprises in China

The digital wave has swept the world and the industrial change has accelerated. As an important part of the national economy, small and medium-sized enterprises must conform to the trend of The Times and seek digital transformation and high-quality development. This paper deeply analyzes the internal and external environment of small and medium-sized enterprises digital transformation and examines the issues and challenges posed by their digital transformation. At last, some transformation strategies are put forward. It is found that the key factors restricting the high-quality development of small and medium-sized enterprises are the shortage of funds, the lack of talent, the lack of technical ability, and the backward management system. To solve the problems, it is urgent to strengthen the construction of financing channels, improve the talent training mechanism, enhance the ability of technological innovation, and promote management innovation and upgrading, to promote the high-quality development of medium-sized enterprises.

Digital transformation and corporate green total factor productivity: Based on double/debiased machine learning robustness estimation

With the rapid development of the digital economy, China's digital technology and industry continue to integrate deeply into all areas of society. Digital transformation(DT) has become an important engine and key pedestal for economic and social transformations and upgrades. This paper takes 3525 listed companies from 2013 to 2021 as a sample to measure the green total factor productivity(GTFP) of listed enterprises based on the super-efficiency slacks-based measure with the Global Malmquist-Luenberger Index (SBM-GML) and the super-efficiency epsilon-based measure with the Global Malmquist-Luenberger Index (EBM-GML). It draws on the two existing DT indicators to explore the impact and mechanism of enterprise DT on GTFP. The results show that DT can significantly enhance GTFP, and this conclusion still holds after double/debiased machine learning and other robustness tests; the heterogeneity analysis shows that DT of high-tech enterprises, manufacturing industries and low-financialisation enterprises has a more obvious effect on the enhancement of GTFP; and the four-stage mediated impact mechanism suggests that the effect of DT on GTFP can be achieved by improving internal control ability and technological innovation ability. This paper will provide relevant policy insights on how to better drive enterprise DT and green low-carbon development under the “dual-carbon” goal.

The impact of vertical environmental regulation mechanism on greenwashing

China is vigorously implementing carbon reduction actions, but greenwashing is a severe obstacle to the realization of the “dual-carbon goal”. The central environmental protection inspection (CEPI) policy is a typical vertical environmental regulation (VER) system, which directly affects the environmental protection practices of firms and thus may have an impact on greenwashing. This article uses data from China's listed companies from 2012 to 2021 and the generalized difference-in-differences (DID) method to examine the impact of CEPI policy on greenwashing. The main conclusions are: first, the CEPI policy can significantly mitigate greenwashing, and this conclusion still holds after the endogeneity test and parallel trend test. Second, the CEPI policy can mitigate greenwashing by increasing media attention, improving technological innovation ability, and increasing the degree of competition in the industry. Finally, the heterogeneity analysis shows that stronger regulatory intensity mitigates greenwashing and the CEPI policy is effective in reducing the greenwashing of duality firms. Reducing corporate greenwashing is conducive to cleaner production and thus promotes sustainable economic development.

Environmental protection tax and enterprises’ green technology innovation: Evidence from China

The Environmental Protection Tax Law was officially implemented, marking the initial establishment of China's green tax system. This paper aims to estimate whether the introduction of environmental protection tax will promote enterprises' green technology innovation. Based on data from listed enterprises from 2015 to 2021, this paper takes the implementation of environmental protection tax in 2018 as a quasi-natural experiment, and uses the DID method to evaluate the impact of the implementation of environmental protection tax on the technological innovation ability of enterprises. The results show that, after the implementation of environmental protection tax, the quantity of green patents increased significantly, while the quality of green patents decreased significantly. The analysis of mechanism channel reveals that environmental protection tax policy appears to increase the number of green patents putting regulatory pressure on enterprises and increasing R&D investment, while managerial myopia inhibits the improvement of green patent quality. The changes in the quantity and quality of green patents in large enterprises are more significant. It is also found that the quantity in coastal areas decreased significantly, while the quantity in inland areas markedly increased.

Research on the Transformation and Development of Investment Bank FICC Business of CITIC Securities Company Limited

In the current financial environment, with the continuous expansion of China's economic output and the continuous expansion of demand for financial services, the mutual influence of the international market is gradually deepening. Deepening the development of FICC business has become the core breakthrough point for the high-quality development of securities companies. Since its development, the FICC business (i.e. capital intermediary business) under the investment banking system of CITIC Securities has been involved in fixed income, foreign exchange, commodities, etc. However, there is still a significant gap in its development compared to international investment banks. Taking the current research status of FICC business at home and abroad as the background, taking CITIC Securities Company as an example, analyze the development status of its FICC business from multiple perspectives. Analyze the development bottlenecks in various aspects such as overall capital scale, traditional business and internationalization level, talent team structure, and technological innovation ability, and propose targeted solutions to improve the risk management system, expand the FICC business chain, accelerate technology investment, improve organizational structure, and leverage synergies to promote the transformation and development of CITIC Securities' FICC business and support the high-quality development of the securities and finance industry.

Research on the development of BYD based on SWOT and Financial analysis

With the continuous maturity of new energy utilization technology in the future, BYD, as a leader in the new energy industry, will usher in a greater development opportunity. Through SWOT analysis of BYD's financial indicators in recent years, we can draw the following conclusions: BYD has a stable financial situation, outstanding technological innovation ability, strong cost control ability, and obvious advantages; However, the market competition is fierce, and brand influence needs to be improved. At the same time, it faces threats such as rapid technological updates and uncertainties in the international trade environment. Therefore, BYD should fully utilize opportunities such as policy support and market demand growth, strengthen brand building and technological research and development, improve market competitiveness, and respond to potential risks and challenges. In summary, by using the SWOT analysis method to conduct in-depth analysis of BYD's financial indicators in recent years, we can not only understand the company's operating status and competitive advantages, but also discover the challenges and potential risks it faces. This will help investors and decision-makers make more scientific and reasonable strategic decisions, providing strong support for the future development of the company.

Study of the Impact of Private Equity Involvement on Corporate IPO Decisions

At present, private equity investment has become a relatively popular option for financing enterprises of unlisted companies. This paper conducts a case study on the changes in profitability, development, and technological innovation ability of NAIXUE before and after its listing. Tiantu invests in this famous listed catering company to explore the issue of how private equity intervention affects the decision-making of enterprises to go public. The single-case study found that personal equity intervention can help enterprises accelerate the speed of financing, improve their soft power, profitability, and competitiveness, and accelerate the listing process. They proposed a profitable way for private equity firms to continue to hold shares after listing. Under its unique operation mode and management ability, private equity supports enterprises in management, technology, resources, and other aspects. Resource integration helps solve the difficulties in developing enterprises before going public so that they can concentrate on technological innovation.

Improving the Regional Science and Technology Innovation Ability under the Background of Data Element Marketization: Insights from the Yunnan Province

Under the background of the marketization of data elements, enhancing regional scientific and technological innovation capabilities has become the main driving force for urban sustainable development. It contributes to the sustainable development of the region. Based on the data of the Yunnan statistical yearbook, we built a regional science and technology innovation index system from three dimensions of science and technology innovation input, output, and benefit. Firstly, the entropy method is used to obtain the weight of each index. Secondly, TOPSIS is used to evaluate the 36 index data of each prefecture. Finally, the scores and rankings of the scientific and technological innovation ability of each prefecture are obtained. The research can effectively find the advantages and disadvantages of scientific and technological innovation in the Yunnan Province, provide data support and decision support for regional economic development, and play an important role in promoting the level of technological innovation in modern industries. At the same time, research projects can help various regions allocate various technological innovation resources reasonably, enhance their original innovation capabilities, lead the development of strategic emerging industries and future industries, and accelerate the formation of new quality productivity.

Research and Practice on Project Teaching of Electrical Control and PLC Course based on Engineering Innovation Ability Cultivation

Research and Practice on Project Teaching of Electrical Control and PLC Course based on Engineering Innovation Ability Cultivation

Hominin musical sound production: palaeoecological contexts and self domestication

In this article we seek to integrate theories of music origins and dance with hominin fossil anatomy and the paleoecological contexts of hominin evolution. Based on the association between rhythm in music, dance and locomotion, we propose that early bipedal hominins may have evolved neurobiological substrates different from other great apes due to the rhythmic aspects of bipedal walking and running. Combined with the emancipation of the hands resulting from erect posture, we propose that the neurobiological changes necessary for technological innovation, cultural practices and human musical abilities may have evolved, at least in incipient form, much earlier than previously thought. The consequent ability to synchronize movement and sound production may have also proved beneficial as early bipedal hominins ventured out of late Miocene and early Pliocene woodland and forested habitats and into more open habitats with increased predation risk. We also postulate that, along with bipedalism, paedomorphic morphogenesis of the skull at the base of the hominin clade was a necessary prerequisite for the evolution of vocal modulation and singing in later varieties of hominin. To date research into the evolution of music and dance has yet to be integrated with the fossil and paleoecological evidence of early hominin evolution. This paper seeks to fill this lacuna in the extant literature on human evolution. We also suggest that autocatalytic feedback loops evolving synergistically with hominin erect posture, skull and hand morphology, neurochemical processes and the self-domestication syndrome, have been operative from early hominins some 6 Ma to the present. We document this process by reference to primatological, ethnographic, neurochemical and archaeological data.

The Role Of The Green Economy, Technological Innovation, Stock Market Advantages In Sustainable Development

A green economy to achieve sustainable development provides technological innovation and stock market profits in a sustainable social and environmental economy. To accelerate the transition to an environmentally friendly economy, companies need to understand the impact of implementing environmentally friendly policies and activities on the economy. Results show that green economic growth policies produce future aggregate stock market returns are lower, consistent with the perceived reduction in risk argument by investors. As this research increases our understanding of how the transition to a more sustainable green economy can impact the aggregate profitability of financial markets, implementing a green economy is important to implement appropriate measures to support it sensitively without incurring large costs that adversely impact the health of the economy. Increasing the driving force of technological innovation is the need to comply with environmentally friendly transformation in the economy and realize high-quality economic growth in technological innovation that does not provide support for green economic growth, but over time the impact of technological innovation on economic growth will change to positive. This shows that increasing the ability of technological innovation to encourage environmentally friendly economic efficiency.

An Analysis on the Path of Local Application-oriented Universities and Colleges Serving Rural Revitalization Strategy from the Perspective of New Quality Productive Forces

With the in-depth implementation of Rural Revitalization Strategy, local application-oriented universities and colleges should play an important role in students’ cultivation, scientific and technological innovation, social services, and other aspects. However, at present, local application-oriented universities and colleges are faced with many deficiencies and difficulties in supporting the strategy of rural revitalization. The research results show that there are some problems in local application-oriented universities and colleges, such as the lack of close connection between students’ cultivation and rural revitalization needs, weakness in scientific and technological innovation ability, and imperfection of social service mechanisms. This paper takes new quality productive forces as the breakthrough point and clarifies its connotation and characteristics. At the same time, it analyzes the difficulties of local application-oriented universities and colleges in serving the strategy of rural revitalization, to explore the corresponding solution. To provide a reference for local application-oriented universities and colleges to better support Rural Revitalization Strategy, this paper puts forward the urgent need to renew the concept and the mode of student cultivation, optimize the layout of academic disciplines, and cultivate high-level innovative undergraduates through the deep integration of production, university, and research.

Analysis of the Present Situation and Countermeasures of Agricultural Mechanization and Automation Popularization

Agricultural mechanization and automation is an important way to realize agricultural modernization, ensure food security and promote to increase farmers income. At present, the level of mechanization and automation in rural areas of China is relatively low, and there are some problems, such as unbalanced technology application, lack of scientific and technological innovation ability, lack of talents, and single financing channels. In view of these situations, this paper puts forward a series of countermeasures and suggestions to optimize the development environment, break through the core technology, consolidate the talent foundation and broaden the capital channels, so as to promote the process of China s agricultural modernization and realize the development strategy of rural revitalization.

Study on the Impact and Mechanism of the Quality of Host Country Institutions on China's OFDI

In recent years, the scale of China's Outward foreign direct investment (OFDI) has grown rapidly, but with the increasingly complex and changeable international environment, China's OFDI is facing great pressure. Taking 159 countries as samples, this paper selects 10 secondary indicators from the three dimensions of politics, economy, and law to construct the evaluation system of host country institutional quality, and measures the host country institutional quality from 2011 to 2021, studies the influence of host country institutional quality on China's OFDI and the intermediary mechanism, and conducts heterogeneity test. The conclusion shows that the improvement of host country's institutional quality significantly promotes the inflow of China's OFDI, and at the same time, the improvement of host country's institutional quality can improve the country's scientific and technological innovation ability and infrastructure construction level, and ultimately promote the increase of China's OFDI. This promoting effect is more obvious in low-middle-income countries and countries that have signed the Belt and Road agreements. Finally, suggestions are put forward based on the conclusions.

Evaluation index system of science and technology innovation think tank talents based on competency model

As China’s economy progresses towards high-quality development, the construction of science and technology think tanks, with talent construction as the key, has become an important supporting force and occupies a unique position in the national innovation system. In recent years, with the rapid expansion of the number of think tank talents, how to evaluate and manage think tank talents has become a key factor in the development of think tank influence and competitiveness. Based on the experience of talent team construction at home and abroad, Taking the typical science and technology innovation think tanks of Henan Province as an example, this paper analyzes the current situation and status quo of science and technology innovation think tank talents, and finds problems in the talents, Summarize the factors that affect the talent construction and development of science and technology innovation think tanks, From the perspective of six dimensions of competency model, four first-level indicators of talent quantity, talent quality, talent ability and talent contribution of science and technology innovation think tank and 16 subordinate second-level indicators are constructed for talent evaluation of think tank. Ahp is adopted to set questionnaires and collect data with Likert5-level scale, and yaahp software is used to verify the weight verification evaluation effect. Invite experts in the field to score the evaluation indicators. The research results show that the talent evaluation index of science and technology innovation think tank based on competency model pays more attention to the standardization, integration and systematization of the talent evaluation of the think tank, and the system is scientific and reasonable. It can provide reference and reference for promoting the construction, evaluation and development management of scientific and technological innovation think tanks.

Navigating the path to dual carbon goals: Understanding the driving forces of energy transition welfare performance

China's double carbon target aims to improve human well-being and sustainable development. Energy transformation welfare performance (ETWP) is the efficiency of energy transition (ET) in enhancing human well-being. ETWP considers both human well-being and sustainable development. Research on its driving force is helpful in achieving the double carbon goal. Thus, this paper used Logarithmic Mean Divisia Index Model, Fixed Panel Regression Model and Grey Relational Analysis Model to analyze China's ETWP from 2006 to 2022 and predicted ETWP of 31 provinces from 2023 to 2030. The results showed that: (1) ETWP had two rising periods in 2006–2014 and 2015–2022. (2) The government's rationalization policy on energy and environment and technological innovation ability were fundamental driving forces for improving ETWP. (3) There were obvious spatial and temporal distinctions in ETWP, and it would bring out different degrees in most areas. Thus, ET should be promoted by improving the ecological environment and resource utilization efficiency; The importance of the role of scientific and technological innovation and policies should be focused on in promoting ETWP; ET policies based on local developments should be formulated and the energy structure should be changed.

How does technological innovation affect the fiscal decentralization of local governments? Evidence from China

Technological innovation is a pivotal driver of high-quality economic development, and China's distinctive fiscal decentralization model stands out as a crucial institutional factor behind the country's economic growth miracle. Despite its significant academic and practical implications, there is a noticeable scarcity of literature on examining government fiscal decentralization through the lens of technological innovation. This paper addresses fundamental research questions regarding the relationship between technological innovation and fiscal decentralization. Leveraging balanced panel data from 30 provinces in China spanning 2005 to 2020, our findings indicate that technological innovation positively impacts the fiscal decentralization of local governments. Specifically, for each standard deviation increase in technological innovation, there is a corresponding 0.1508 standard deviation in fiscal decentralization. The mechanism driving this relationship lies in technological innovation's ability to enhance enterprise profit levels, increasing tax and non-tax revenues for local governments. Importantly, when non-tax revenue at the central government level surpasses tax revenue, the resulting augmentation in local government revenue contributes to an elevated level of fiscal decentralization. In conclusion, this paper offers valuable insights into the government's endeavors to promote scientific and technological innovation while enhancing local fiscal decentralization. These insights contribute to an improved quality of economic development.

Intelligence level evaluation and influencing factors analysis of equipment manufacturing industry in the Yangtze River Delta.

The Yangtze River Delta (YRD) bears the vital task of driving the growth of China's equipment manufacturing industry (EMI) intelligence as an advanced region. Fostering the transformation and upgrading of the EMI in the YRD and constructing a modern production mode is vital to developing and reforming China's manufacturing industry. This paper uses industrial robot data to assess the level of intelligence (LoI) in the EMI from 2016 to 2019. The OLS (ordinary least squares) model is used for the measurements, and the MQ (the modified contribution index) is used to estimate the degree of contribution from a host of variables. It is identified that the LoI is on the rise. However, excluding railways, aerospace, shipbuilding, and other transportation equipment manufacturing, the LoI is significantly higher than in other subsectors. It is also identified that technological innovation ability, human capital density, and enterprise cost pressure govern the industry's LoI. Moreover, while there is a difference in the main influencing factors in LoI within different industries, R&D investment, technological innovation ability, and enterprise cost pressure have the most significant impact across most equipment manufacturing sub-industries.

Measurement of Supply Chain Resilience and Safety Level of China Lighting Industry Chain

The supply chain resilience and safety level of lighting industry chain are one of the key fields of domestic concern at present. Based on a literature review, the ideas and methods of measuring the supply chain resilience and safety level of lighting industry chain were put forward. Then, an evaluation index system of industry chain resilience and safety was established, which included five dimensions: the risk management level, integrity, control force, stability, and competitiveness of industry chain. Considering the resilience of China’s industry chain and the main safety difficulties faced, the evaluation system was used to measure and evaluate the supply chain resilience and safety level of China’s lighting industry chain on the basis of the specific connotations and core elements of industry chain safety. The evaluation results show that the total score of the supply chain resilience and safety level of China’s lighting industry chain is 0.92, indicating the relatively high supply chain resilience and safety level of China’s lighting industry chain. Suggestions are put forward to strengthen the management of technological innovation ability, low-carbon ability, and domestic self-sufficiency rate of input products, so as to boost the high-quality, sustainable, and rapid development of China’s lighting industry. The research results can provide a scientific decision basis for the supply chain resilience and safety level of China’s lighting industry chain.

The driving effect of technological innovation on green development: From the perspective of efficiency

Green development is considered to be an effective way to achieve win-win between economy and environment, and technological innovation is the core driving force of green transformation development. High-tech industries are the core industries of industrial technology and economic development, and their technological innovation ability and green development level are important supports for optimizing the national industrial structure and promoting the green transformation of industries. Therefore, based on the concept of innovation and green development, this paper analyzes the industrial development rule from the perspective of the interaction mechanism between technological innovation and green development, to provide theoretical reference for the design of corresponding development strategies and planning. Hence, NSBM model is constructed to evaluate the efficiency of multi-stage technology innovation and deconstruct the evolution law of technology innovation value chain of high-tech industry. Secondly, GML model is used to evaluate green total factor productivity and clarify the green and high-quality development status of high-tech industry. Finally, the truncated regression model is constructed to analyze the factors affecting the external environment of green transformation development. The results indicate that the upgrading of technology innovation value chain is conducive to promoting green transformation development.