The world today is undergoing disruptive,transformative shifts driven by a new wave of technological revolutions and industrial changes.In this context,a central question for China’s innovation-driven development str...The world today is undergoing disruptive,transformative shifts driven by a new wave of technological revolutions and industrial changes.In this context,a central question for China’s innovation-driven development strategy is how to effectively identify and measure high-quality technological innovations.Drawing on the stylized facts and scenario narrative of China’s technological landscape,this paper proposes a framework and measurement system for evaluating high-quality technological innovations.While China’s top-level design for technological innovation is guided by policy documents,the increasing number of enterprises applying for“high-tech enterprise”status has coincided with a decline in the quality of patent filings.In response,this paper first underscores the challenges and necessity of measuring the quality of technological innovations.Second,we introduce the high-quality technological innovation indicators and employ them to assess the quality of tech innovations at the firm level,utilizing an approach that combines analogical narrative,gene coding,text analysis,semantic logic,and a database of granted invention patents in China.Third,we examine the systematic and individual biases inherent in citation counts,a commonly used indicator,under specific contexts,and employ a granular instrumental variable approach to validate the effectiveness of the indicators.Finally,we develop a“family tree”of the indicators and explore their application scenarios through a combination of established and extended indicators.Our findings provide a theoretical foundation for evaluating China’s technological innovation quality,inform policy incentives,and offer insights for academia to apply high-quality technological innovation indicators in different contexts.展开更多
This study investigates whether and how customer firms’environmental,social and governance(ESG)performance impacts suppliers’green innovation quality using a sample of Chinese A-share listed companies from 2009 to 2...This study investigates whether and how customer firms’environmental,social and governance(ESG)performance impacts suppliers’green innovation quality using a sample of Chinese A-share listed companies from 2009 to 2022.We find that customers’ESG performance facilitates suppliers’green innovation quality through green learning and corporate competition.Additional tests indicate that customers with stickier customer-supplier relationships and a more central position in the supply chain network than peers enhance suppliers’green innovation quality.After categorizing whether customers engage in greenwashing,we determine that those adherence to green principles,genuinely promote suppliers’green innovation quality.Finally,we find the above effect ultimately enhances suppliers’environmental performance.This study provides valuable insights for supply chain companies into collaboratively achieving sustainable development.展开更多
Curriculum construction and teaching reform are important measures to revitalize undergraduate education, and are also an essential content of the construction of double first-class universities. Facing the target req...Curriculum construction and teaching reform are important measures to revitalize undergraduate education, and are also an essential content of the construction of double first-class universities. Facing the target requirements of physical geography quality improvement and innovation, this paper analyzes the existing problems in the curriculum reform and teaching construction, starts with clarifying the connotation of the target of physical geography curriculum quality improvement and innovation, and under the guidance of the idea of refining the OBE concept and integrating it into all aspects of the curriculum teaching, expounds the reconstruction of teaching content and model, the multi-point application of new media means and the reform of teaching evaluation methods in the teaching practice and exploration of physical geography. As well as the specific measures to improve the teaching level by introducing information and intelligent technologies and means into practical teaching, this paper probes into the innovation points and effects of the physical geography curriculum construction with the objective of quality improvement and innovation. It provides a powerful reference for curriculum reform and teaching practice to cultivate innovative water conservancy professionals with solid foundation and flexible thinking.展开更多
Based on the value orientation of international translation talent as well as the present situation of personnel training in the context of national development strategy,this article offers a profound analysis for the...Based on the value orientation of international translation talent as well as the present situation of personnel training in the context of national development strategy,this article offers a profound analysis for the talent on the training methods of innovative ability and comprehensive quality.Innovative talent that has a strong sense of social responsibility as well as the ability of directly participating in international activities should be fostered,so as to meet the need for economic developments and to better serve national economic construction.展开更多
Environmental,social,and governance(ESG)performance,along with the novelty of innovation,are significant factors in promoting sustainable development for corporations.This study employs the Heckman two-stage model to ...Environmental,social,and governance(ESG)performance,along with the novelty of innovation,are significant factors in promoting sustainable development for corporations.This study employs the Heckman two-stage model to examine the impact of ESG performance on innovation novelty using a dataset comprising A-share listed companies in the Shanghai and Shenzhen Stock Ex-changes from 2011 to 2020.The results indicate that enhanced ESG performance significantly fosters innovation by expanding innovation resources and mitigating agency problems.Further analysis reveals that this relationship is more pronounced under high economic policy uncer-tainty,a challenging information environment,elevated financing constraints,and in the context of digital transformation.This study not only expands the research on the economic implications of ESG performance for enterprise innovation behavior but also places a distinct emphasis on innovation quality rather than quantity.Additionally,this study enriches the existing literature on the factors influencing innovation novelty and extends research into the link between envi-ronmental protection and firm innovation,particularly from the perspective of stakeholder the-ory.Furthermore,this study holds practical significance for governments aiming to enhance ESG evaluation systems and establish guiding policies that encourage novel innovations,ultimately contributing to sustainable and high-quality development.Simultaneously,this study provides guidance to enterprises by encouraging them to embrace green development,improve social responsibility,and elevate their governance standards to promote innovation quality.展开更多
Due to information asymmetry and strategic innovation,firms often encounter challenges related to insufficient driving forces and low-quality innovation outcomes.Analysts always act as information intermediaries who h...Due to information asymmetry and strategic innovation,firms often encounter challenges related to insufficient driving forces and low-quality innovation outcomes.Analysts always act as information intermediaries who help foster the advancement of corporate innovation activities and the conversion of innovation output.This study examines the impact of analyst coverage and forecasting bias on corporate innovation,employing data from China A-shared listed firms spanning the period 2007 to 2019.We measure corporate innovation from two perspectives:Input and output.Specifically,we use the ratio of research and development(R&D)expenditure to sales as a proxy for the innovation input and the number of patent citations excluding self-citations to measure innovation output.We find that analyst coverage promotes corporate innovation,which is consistent with the“bright”side of analyst coverage.However,the positive effect of analyst coverage hinges on effectively transmitting and disclosing accurate information to investors in the capital market.Based on this,analysts'forecasting bias includes forecasting dispersion and optimism bias.We find evidence that an increase in analysts'forecast dispersion leads to a decrease in corporate innovation quality.Moreover,this paper presents a novel approach by employing the regression discontinuity method to examine the effect of analyst optimistic bias on firm innovation.The empirical findings reveal that overly optimistic forecasts by analysts exacerbate innovation quality.These analyses enrich the research on analyst coverage and corporate innovation,providing an empirical basis for improving the capital market with the help of analysts.展开更多
The study draws on the prevalent theories for orchestrating cross-organizational innovation and new knowledge development processes,and proposes a new,epistemic perspective for contextualizing innovation with two mana...The study draws on the prevalent theories for orchestrating cross-organizational innovation and new knowledge development processes,and proposes a new,epistemic perspective for contextualizing innovation with two management dimensions,namely,innovation complexity and innovation orchestration preconditions.Innovation complexity concerns the indeterminacy or contingency of new knowledge,or new competence,to be pursued during the course of organizational innovation.Innovation orchestration preconditions refer to the contextual innovation prerequisites that should be well meshed with one another to provide a sufficiency for innovation success.The preconditions include innovation units’structures and connectivity,behavior,and convenorship.The two dimensions describe a context map-an antithetic quad model-to imply four innovation orchestration qualities,namely,coherence,cohesiveness,congruence,and concordance.Based on the quad model,the study sets forth a measurement of the four qualities,which can assess innovation potential.To corroborate the quad model and the corresponding quality measurements,the study discursively observes a cross-sectoral innovation project.The observation results evidence the multi-finality of the four qualities for innovation success.The results reveal that it is necessary for these four qualities to be managed temporally and dynamically at different stages of innovation,and reject a fallacy that any one of these qualities is more necessary than the others.The study posits that if innovation units can be convened in accordance with the four qualities,the likelihood of innovation success will be sufficiently increased.The study finally discusses theoretical and practical implications of orchestration and convenorship.展开更多
This paper analyzes the optimal licensing contract for the patentor with a quality improvement innovation in a Cournot duopoly market.We examine and compare three licensing contracts(fixed-fee licensing,royalty licens...This paper analyzes the optimal licensing contract for the patentor with a quality improvement innovation in a Cournot duopoly market.We examine and compare three licensing contracts(fixed-fee licensing,royalty licensing,and two-part ad valorem licensing)in terms of the patent-holding firm’s profit,consumer surplus,and social welfare.We also study the impact of quality differences on the choice of licensing contract.One might expect that consumer surplus and social welfare are greater under fixed-fee licensing.However,we show that this conclusion seems to be untrue under quality improvement technology licensing.Moreover,we find that(1)there exists a threshold for the degree of quality difference above which fixed-fee licensing will be listed for the consideration of the patent-holding firm and below which it will be abandoned;(2)royalty licensing and two-part ad valorem licensing are always profitable for the patentholding firm and two-part ad valorem licensing brings the patentee the most profit.展开更多
As the main body of promoting the development of medical science and technology, medical students play an extremely important role in promoting the construction of new medical science. New medicine is a new concept ba...As the main body of promoting the development of medical science and technology, medical students play an extremely important role in promoting the construction of new medical science. New medicine is a new concept based on the development of traditional medicine, breaking the discipline barrier, aiming to cultivate composite talents, taking reality as the orientation, and combining with the Internet, big data and artificial intelligence. Cultivating medical students’ innovation and entrepreneurship literacy is not only the internal need of the construction of innovative medical talents in new medical sciences, but also the development need of promoting the optimization of medical disciplines and effectively promoting the construction of an innovative country. As the main place for training medical talents, medical colleges and universities should integrate classroom ideology and politics with the new medical background to improve medical students’ professional knowledge, professional ethics, humanistic quality and scientific and technological quality, promote the cultivation of medical students’ innovative spirit, and further innovate medical theories, technologies and concepts. It lays a solid foundation for cultivating top medical talents with both innovative thinking and cultural self-confidence and building an innovative country.展开更多
This article presents a thorough analysis of the management strategies and strategic planning that have contributed to the success of Xiamen University Malaysia(XMUM)as a premier intermnational branch campus.Through a...This article presents a thorough analysis of the management strategies and strategic planning that have contributed to the success of Xiamen University Malaysia(XMUM)as a premier intermnational branch campus.Through an extensive literature review and a detailed case study,the author distills the mulifaceted pioneering experiences shaping XMUM's development,offering invaluable insights into the broader field of international higher education.The author scrutinizes its alignment with global initiatives,its proactive approach to collaboration and partnerships,its unwavering commitment to educational quality and innovation,its focus on talent devclopment and international faculty recruitment,its effective cultural integration and localization efforts,its efficient risk management and response mechanisms,its strategic brand building and its dedication to sustainable development and social responsibility.These factors have been pivotal to XMUM's achievements and provide a roadmap for other higher education institutions looking to expand globally.展开更多
基金supported by the National Natural Science Foundation of China(NSFC)under the following projects:“Towards High-Quality Technological Innovation in Chinese Cities:Measurement,Mechanism,and Effects”(Grant No.72073093)“Implementation Effects and Micro-Mechanisms of China’s Industrial Policy:A Study of the Steel Industry from the Perspective of Implementation Mechanisms”(Grant No.72373160)“Research on Capital Circles and Enterprise Innovation Quality:Mechanisms and Economic Effects”(Grant No.71872150).
文摘The world today is undergoing disruptive,transformative shifts driven by a new wave of technological revolutions and industrial changes.In this context,a central question for China’s innovation-driven development strategy is how to effectively identify and measure high-quality technological innovations.Drawing on the stylized facts and scenario narrative of China’s technological landscape,this paper proposes a framework and measurement system for evaluating high-quality technological innovations.While China’s top-level design for technological innovation is guided by policy documents,the increasing number of enterprises applying for“high-tech enterprise”status has coincided with a decline in the quality of patent filings.In response,this paper first underscores the challenges and necessity of measuring the quality of technological innovations.Second,we introduce the high-quality technological innovation indicators and employ them to assess the quality of tech innovations at the firm level,utilizing an approach that combines analogical narrative,gene coding,text analysis,semantic logic,and a database of granted invention patents in China.Third,we examine the systematic and individual biases inherent in citation counts,a commonly used indicator,under specific contexts,and employ a granular instrumental variable approach to validate the effectiveness of the indicators.Finally,we develop a“family tree”of the indicators and explore their application scenarios through a combination of established and extended indicators.Our findings provide a theoretical foundation for evaluating China’s technological innovation quality,inform policy incentives,and offer insights for academia to apply high-quality technological innovation indicators in different contexts.
基金supported by the National Office for Philosophy and Social Sciences(No.20BGL093)Postdoctoral Fund of Hainan Province.
文摘This study investigates whether and how customer firms’environmental,social and governance(ESG)performance impacts suppliers’green innovation quality using a sample of Chinese A-share listed companies from 2009 to 2022.We find that customers’ESG performance facilitates suppliers’green innovation quality through green learning and corporate competition.Additional tests indicate that customers with stickier customer-supplier relationships and a more central position in the supply chain network than peers enhance suppliers’green innovation quality.After categorizing whether customers engage in greenwashing,we determine that those adherence to green principles,genuinely promote suppliers’green innovation quality.Finally,we find the above effect ultimately enhances suppliers’environmental performance.This study provides valuable insights for supply chain companies into collaboratively achieving sustainable development.
文摘Curriculum construction and teaching reform are important measures to revitalize undergraduate education, and are also an essential content of the construction of double first-class universities. Facing the target requirements of physical geography quality improvement and innovation, this paper analyzes the existing problems in the curriculum reform and teaching construction, starts with clarifying the connotation of the target of physical geography curriculum quality improvement and innovation, and under the guidance of the idea of refining the OBE concept and integrating it into all aspects of the curriculum teaching, expounds the reconstruction of teaching content and model, the multi-point application of new media means and the reform of teaching evaluation methods in the teaching practice and exploration of physical geography. As well as the specific measures to improve the teaching level by introducing information and intelligent technologies and means into practical teaching, this paper probes into the innovation points and effects of the physical geography curriculum construction with the objective of quality improvement and innovation. It provides a powerful reference for curriculum reform and teaching practice to cultivate innovative water conservancy professionals with solid foundation and flexible thinking.
文摘Based on the value orientation of international translation talent as well as the present situation of personnel training in the context of national development strategy,this article offers a profound analysis for the talent on the training methods of innovative ability and comprehensive quality.Innovative talent that has a strong sense of social responsibility as well as the ability of directly participating in international activities should be fostered,so as to meet the need for economic developments and to better serve national economic construction.
基金support from the National Natural Science Foundation of China(Project No.72102139)Kang He acknowledges financial support from Shantou University Research Start-up Fund Project(Project No.STF22007)Guangdong Province Philosophy and Social Science Planning Project(GD23XYJ77).
文摘Environmental,social,and governance(ESG)performance,along with the novelty of innovation,are significant factors in promoting sustainable development for corporations.This study employs the Heckman two-stage model to examine the impact of ESG performance on innovation novelty using a dataset comprising A-share listed companies in the Shanghai and Shenzhen Stock Ex-changes from 2011 to 2020.The results indicate that enhanced ESG performance significantly fosters innovation by expanding innovation resources and mitigating agency problems.Further analysis reveals that this relationship is more pronounced under high economic policy uncer-tainty,a challenging information environment,elevated financing constraints,and in the context of digital transformation.This study not only expands the research on the economic implications of ESG performance for enterprise innovation behavior but also places a distinct emphasis on innovation quality rather than quantity.Additionally,this study enriches the existing literature on the factors influencing innovation novelty and extends research into the link between envi-ronmental protection and firm innovation,particularly from the perspective of stakeholder the-ory.Furthermore,this study holds practical significance for governments aiming to enhance ESG evaluation systems and establish guiding policies that encourage novel innovations,ultimately contributing to sustainable and high-quality development.Simultaneously,this study provides guidance to enterprises by encouraging them to embrace green development,improve social responsibility,and elevate their governance standards to promote innovation quality.
文摘Due to information asymmetry and strategic innovation,firms often encounter challenges related to insufficient driving forces and low-quality innovation outcomes.Analysts always act as information intermediaries who help foster the advancement of corporate innovation activities and the conversion of innovation output.This study examines the impact of analyst coverage and forecasting bias on corporate innovation,employing data from China A-shared listed firms spanning the period 2007 to 2019.We measure corporate innovation from two perspectives:Input and output.Specifically,we use the ratio of research and development(R&D)expenditure to sales as a proxy for the innovation input and the number of patent citations excluding self-citations to measure innovation output.We find that analyst coverage promotes corporate innovation,which is consistent with the“bright”side of analyst coverage.However,the positive effect of analyst coverage hinges on effectively transmitting and disclosing accurate information to investors in the capital market.Based on this,analysts'forecasting bias includes forecasting dispersion and optimism bias.We find evidence that an increase in analysts'forecast dispersion leads to a decrease in corporate innovation quality.Moreover,this paper presents a novel approach by employing the regression discontinuity method to examine the effect of analyst optimistic bias on firm innovation.The empirical findings reveal that overly optimistic forecasts by analysts exacerbate innovation quality.These analyses enrich the research on analyst coverage and corporate innovation,providing an empirical basis for improving the capital market with the help of analysts.
基金This research is partially funded by the Hong Kong Polytechnic University,funding account:CRG-G-UA-1R.
文摘The study draws on the prevalent theories for orchestrating cross-organizational innovation and new knowledge development processes,and proposes a new,epistemic perspective for contextualizing innovation with two management dimensions,namely,innovation complexity and innovation orchestration preconditions.Innovation complexity concerns the indeterminacy or contingency of new knowledge,or new competence,to be pursued during the course of organizational innovation.Innovation orchestration preconditions refer to the contextual innovation prerequisites that should be well meshed with one another to provide a sufficiency for innovation success.The preconditions include innovation units’structures and connectivity,behavior,and convenorship.The two dimensions describe a context map-an antithetic quad model-to imply four innovation orchestration qualities,namely,coherence,cohesiveness,congruence,and concordance.Based on the quad model,the study sets forth a measurement of the four qualities,which can assess innovation potential.To corroborate the quad model and the corresponding quality measurements,the study discursively observes a cross-sectoral innovation project.The observation results evidence the multi-finality of the four qualities for innovation success.The results reveal that it is necessary for these four qualities to be managed temporally and dynamically at different stages of innovation,and reject a fallacy that any one of these qualities is more necessary than the others.The study posits that if innovation units can be convened in accordance with the four qualities,the likelihood of innovation success will be sufficiently increased.The study finally discusses theoretical and practical implications of orchestration and convenorship.
基金supported in part by the Natural Science Foundation of Guangdong Province(Grant No.2021A1515011569)the“13th Five-Year Plan”Foundation of Philosophy and Social Sciences of Guangdong Province(Grant No.GD20CGL55).
文摘This paper analyzes the optimal licensing contract for the patentor with a quality improvement innovation in a Cournot duopoly market.We examine and compare three licensing contracts(fixed-fee licensing,royalty licensing,and two-part ad valorem licensing)in terms of the patent-holding firm’s profit,consumer surplus,and social welfare.We also study the impact of quality differences on the choice of licensing contract.One might expect that consumer surplus and social welfare are greater under fixed-fee licensing.However,we show that this conclusion seems to be untrue under quality improvement technology licensing.Moreover,we find that(1)there exists a threshold for the degree of quality difference above which fixed-fee licensing will be listed for the consideration of the patent-holding firm and below which it will be abandoned;(2)royalty licensing and two-part ad valorem licensing are always profitable for the patentholding firm and two-part ad valorem licensing brings the patentee the most profit.
文摘As the main body of promoting the development of medical science and technology, medical students play an extremely important role in promoting the construction of new medical science. New medicine is a new concept based on the development of traditional medicine, breaking the discipline barrier, aiming to cultivate composite talents, taking reality as the orientation, and combining with the Internet, big data and artificial intelligence. Cultivating medical students’ innovation and entrepreneurship literacy is not only the internal need of the construction of innovative medical talents in new medical sciences, but also the development need of promoting the optimization of medical disciplines and effectively promoting the construction of an innovative country. As the main place for training medical talents, medical colleges and universities should integrate classroom ideology and politics with the new medical background to improve medical students’ professional knowledge, professional ethics, humanistic quality and scientific and technological quality, promote the cultivation of medical students’ innovative spirit, and further innovate medical theories, technologies and concepts. It lays a solid foundation for cultivating top medical talents with both innovative thinking and cultural self-confidence and building an innovative country.
文摘This article presents a thorough analysis of the management strategies and strategic planning that have contributed to the success of Xiamen University Malaysia(XMUM)as a premier intermnational branch campus.Through an extensive literature review and a detailed case study,the author distills the mulifaceted pioneering experiences shaping XMUM's development,offering invaluable insights into the broader field of international higher education.The author scrutinizes its alignment with global initiatives,its proactive approach to collaboration and partnerships,its unwavering commitment to educational quality and innovation,its focus on talent devclopment and international faculty recruitment,its effective cultural integration and localization efforts,its efficient risk management and response mechanisms,its strategic brand building and its dedication to sustainable development and social responsibility.These factors have been pivotal to XMUM's achievements and provide a roadmap for other higher education institutions looking to expand globally.
