E-CNY is an important carrier to reshape China's new payment pattern and accelerate the digital economy process, but there are still many obstacles to user promotion. It is of great significance to explore the factors affecting the intention to use e-CNY from the perspective of users. Based on the UTAUT2 model and the characteristics of e-CNY, a theoretical model of e-CNY usage intention was constructed. Then, taking the user data of the first pilot cities of e-CNY as a sample, the PLS-SEM and SEM-ANN methods were used to empirically analyze the influencing factors of the intention to use e-CNY. The results show that the model of intention to use e-CNY based on SEM has good interpretation and prediction ability. Trust, habit, price value, and social influence have a significant positive impact on the intention to use e-CNY, while performance expectation, effort expectation, and innovation awareness have no significant impact on the intention to use e-CNY. In addition, the relationship between the price value and the intention to use the e-CNY is regulated by gender factors in terms of personal characteristics as an adjusting variable. Experience can regulate the relationship between price value, habit, social influence, trust and user's intention to use. The combination of structural equation model and artificial neural network can improve the prediction accuracy of the model, and the importance of influencing factors has changed. Habit is the most important, followed by trust, followed by social impact, and price value.

Firms innovation serves as the microfoundation driving industrial transformation, thereby fostering high-quality economic development. Drawing on institutional theory and firm innovation management literatures, a framework was developed to investigate how institutional trust impacts firms' radical innovation, incremental innovation, as well as new product performance. Data from 165 pharmaceutical firms reveal that institutional trust more significantly boosts radical innovation than incremental innovation. The findings also indicate that radical innovation positively affects new product performance. However, incremental innovation shows a U-shaped relationship with new product performance. Institutional trust significantly moderates the link between incremental innovation and new product performance, but not between radical innovation and new product performance. By unpacking the important role of institutional trust in firms' innovation strategy the current study contributes to the understanding of the mechanisms of how external formal institutions influence firm innovation from a cognitive perspective. The research findings provide important insights for firms formulating innovation strategies, and also guide governments in refining formal institutional arrangements related to pharmaceutical innovation, thereby enhancing enthusiasm of firms for innovation.

In order to effectively answer the scientific question of "how to empower the three-dimensional value creation of short videos". Taking Kuaishou short video as an example, starting from the three-dimensional value creation of "product function-service utility-scene experience", the method of combining case study and programmatic grounded analysis was used to explore and refine the mechanism and path of scene-enabled three-dimensional value creation of short video. The results show that the short video uses the logic of "time three-dimensional product function value → supply chain", the short video realizes the three-dimensional value creation of "the previous time-this time-the next time" based on the standardized configuration of scenario-based scenarios at each node of the supply chain. The short video uses the logic of "spatial three-dimensionality service utility value value chain", and the personalized configuration of the scenario-based situation of each node of the value chain to realize the three-dimensional value creation of "the previous space-this space-the next space". The short video uses the logic of "user three-dimensional scene experience value scene chain", and realizes the three-dimensional value creation of users of "previous scenes-current scenes-future scenes" through the dual-path configuration of scenario-based scenarios at each node of the scene chain. Finally, the strategies and methods of scene empowerment for three-dimensional value creation of short videos are proposed to realize the effect of "timely-appropriate place-suitable people-appropriate feeling".

Human capital, as one of the important factors for firms to gain competitive advantage, can have a significant impact on the behaviour of firms. A sample of Chinese A-share listed firms from 2009 to 2020 was used to explore the impact of human capital and senior human capital structure on corporate cash dividend distribution. It is found that human capital investment and advanced human capital structure significantly reduce corporate cash dividend distribution. The findings still hold after a series of robustness tests. Further analysis reveals that cash dividends are distributed less frequently or are less likely to be distributed by firms that are more human capital intensive, and that both the financing constraint and Corporate Accounting Standard No. 9-Employee Compensation reinforce the negative relationship between human capital and senior human capital structure and cash dividend distribution. By combining labor economics theory with corporate finance, the mystery of the "low dividend" phenomenon of Chinese enterprises is discovered from the "positive" perspective of human capital.

The 14th Five-Year Plan and the report of the 20th National Congress of the Communist Party of China (CPC) put forward the need to pay attention to the modernization of industrial and supply chains, and strive to improve the resilience and security of supply chains. Based on the data of A-share listed companies in Shanghai and Shenzhen from 2003 to 2022, the impact of executive overconfidence on corporate supplier strategic decision-making were explored from the two perspectives of "for the benefit of company" and " for the benefit of oneself". It is found that enterprises with overconfident executives tend to have more centralized supplier relationships, and the impact of executive overconfidence on supplier relationships is dominated by a "for the benefit of oneself" perspective. And centralized supplier relationships are the inevitable consequence of overconfident executives' earnings management behavior. In addition, it is found that resource constraints can negatively regulate the influence of executive overconfidence on supplier concentration. And financing constraints, economic policy uncertainty, and industry competition can positively regulate the impact of executive overconfidence on supplier concentration. The above research expands the research of influencing factors of supplier relationships and clarify the internal mechanism of high concentration of supplier.

Innovation is recognized as a crucial driver of high-quality economic development and a key factor for enterprises to gain long-term competitive advantage. The board of directors, as the core entity responsible for formulating corporate strategy, influences the level of innovation in a company through the acquisition and utilization of innovative resources. Drawing on social network theory, the impact of informal internal board networks on corporate innovation and the moderating effect of external board networks were examined. Data from listed companies on the Shanghai and Shenzhen stock exchanges from 2013 to 2021 were utilized, and the research findings indicate that the informal internal board network, formed based on the "seven similarities" relationship attributes, significantly promotes corporate innovation. Additionally, the relationship between the informal internal board network and corporate innovation is positively moderated by the structural holes and centrality of the external board network. The study's conclusions not only respond to the academic call for the integration of demographic characteristics with the local context in China, but also reveal the interaction between internal and external board networks, deepening the understanding of the social network governance mechanisms in Chinese enterprises.

With the rapid development of information and communication technology, it has been widely used in employees' work and life, and its influence on employees' physical and mental health has been paid more and more attention by researchers. Based on the boundary theory, this the influence mechanism of the leisure use of information and communication technology on employees' work and family conflicts was explored, with the leisure crafting and leisure spillover as the intermediary mechanism. By analyzing the survey data of 300 employees, the results show that the leisure use of information and communication technology has a positive impact on employees' leisure crafting, leisure crafting has a positive impact on employees' leisure spillover, and leisure spillover has a negative impact on employees' work-family conflict, task conflict and relationship conflict. Leisure crafting plays an intermediary role between the leisure use of information and communication technology and leisure spillover. Leisure spillover plays an intermediary role between leisure crafting and work-family conflict, task conflict and relationship conflict. In addition, leisure crafting and leisure spillover play a chain intermediary effect between the leisure use of information and communication technology and work-family conflict. It provides some theoretical guidance for employees to deal with conflicts at home and at work.

"Developing a new model of service-oriented manufacturing and promoting the high-quality development of manufacturing industry" is an important deployment made by the CPC Central Committee and the State Council. Taking Chinese manufacturing listed companies from 2011 to 2021 as the research sample, the impact of manufacturing servitization on corporate investment efficiency was empirically examined. It is found that manufacturing servitization can significantly improve the investment efficiency of enterprises, the main mechanism is that servitization helps to improve the organizational effectiveness of the company, alleviate over-investment, and improve the investment efficiency. Reducing organizational redundancy and improving asset management efficiency are important paths to improve investment efficiency. And the promotion effect of servitization on investment efficiency is more significant in enterprises with high level of corporate governance and enterprises in important industries and key areas related to national security and the lifeline of national economy. It provides new empirical evidence and theoretical explanations for the microeconomic effects of manufacturing servitization transformation, which is conducive to promoting manufacturing enterprises to further explore the value potential of servitization, and promoting the transformation and upgrading of China's manufacturing servitization to achieve high-quality development.

Under the background of the dual carbon goals, it is of strategic significance for enterprises to practiceESGconcepts and improveESGperformance for national green development goals. Anchoring on the imprinting theory, the A-share listed companies in Shanghai and Shenzhen in China from 2012 to 2022 was taken as a research sample, and the impact of party member CEOs on the performance ofESGresponsibilities was discussed. The results show that party member CEOs significantly promote theESGimplementation. Party organizations have a positive moderate effect on the performance of Party member CEOs andESGresponsibilities through political and cognitive embeddedness. Under the coercive institutional pressure, normative institutional pressure and mimetic institutional pressure, party member CEOs are more willing to promoteESGresponsibility performance, and this promotion in the companies with a high degree of embeddedness of party organizations is more significant. Mechanism analysis indicates that party member CEOs play an indirect role in theESGimplementation through information disclosure channels; Heterogeneity analysis reveals that the improvement is more significant in state-owned and low-carbon enterprises. Further analysis reveals that party member CEOs have improved the high-quality development level of enterprises by promotingESGimplementation, in both state-owned and non-state-owned enterprises, party member CEOs have significantly promoted the high-quality development of enterprises. It enriches the research on the effectiveness of party member CEOs participating in corporate governance, and provides reference for improving corporateESGperformance and helping enterprises in green transformation, provides new evidence for the high-quality party building to lead and drive the high-quality development of enterprises.