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  • Jiancheng Li, Yizhou Li, Liping Xie
    Journal of Technology Economics. 2024, 43(9): 45-55.

    Joseph Schumpeter proposed the theoretical framework of entrepreneurship and technological diffusion in his work "The Theory of Economic Development". The conjecture was put on the basis that the technology innovation driven by real entrepreneurship is bound to have deeper, broader and longer-term technological influence (diffusion), while the technology innovation driven by lower, false or no entrepreneurship can only help enterprises to obtain monopoly profits or to even manipulate research and development for additional subsidies, resulting in underperformance in technological diffusion and no further benefits for the progress and common prosperity of the society. Exposed to a broad impact from digital technologies, it provides preliminary evidence and illustrates the applicability of digital technologies in various industries to help promote model innovation (industrial digitalization). Therefore, innovations driven by genuine entrepreneurship are expected to create a wider impact, or they will contradict with the nature of digital technologies. Particularly, within the digital era, entrepreneurship has taken on new manifestations and connotations. It highlights three most fundamental core elements, especially in terms of the core values in the context of technology diffusion.

  • Xinru Shen, Shilan Feng, Ya Tan, Fan Zhang
    Journal of Technology Economics. 2024, 43(9): 109-125.

    Based on fixed effects panel model and panel data from Chinese listed companies spanning between 2017 and 2021, the influence of environmental information regulation on the reduction of corporate carbon emissions was examined. It is found that environmental information regulations exert a notably positive effect on the mitigation of corporate carbon emissions. Carbon emissions of designated polluting enterprises are observed to markedly decrease in the second year after being regulated. In addition, the efficiency of environmental regulatory policies in reducing carbon emissions extends beyond the directly regulated entities, manifesting in a geographical spillover that leads to a reduction in carbon emissions among non-regulated enterprises within a 20km radius. Heterogeneity analysis reveals that the regulation has a more significant effect on non-state-owned companies, those located in the eastern regions, and those possess lower levels of technology. Furthermore, the environmental information regulation affect the carbon emissions reduction of enterprises continuously. The empirical findings provide new theoretical insights for government agencies, supporting the use of environmental information regulation as a tool to promote corporate green transformation.

  • Jian Suo, Xia Li
    Journal of Technology Economics. 2024, 43(9): 85-94.

    As an important force driving the high-quality development of the manufacturing industry, "SRDI" (Specialized, Refinement, Differential and Innovation) small and medium-sized enterprises (SMEs) play an important role in improving the quality and safety of the manufacturing industry. "SRDI" SMEs can enhance the quality of the manufacturing industry by strengthening the innovation power of the manufacturing industry, improving the brand value, and promoting transformation and upgrading. By promoting the integrity of the manufacturing industry chain, enhancing industrial advantages and promoting the smooth flow of the industry chain, they will improve the industrial safety of the manufacturing industry. At the same time, a technology-led industrial safety guarantee mode, a market-driven industrial safety guarantee mode, a technology-led efficiency enhancement mode and a market-driven efficiency optimization mode have been formed. Based on such consideration, efforts should be made to develop "SRDI" SMEs in key niche areas, enhance their capacity, and promote their integration and development with large enterprises. For the government and relevant departments, they should strategically plan the development of "SRDI" SMEs, improve the precision of policy support, strengthen the supply of basic research technology, and improve the business environment.

  • Yue Liu, Xiumei Zhu, Yunkai Zhai
    Journal of Technology Economics. 2024, 43(9): 95-108.

    As a digital technology platform with empowerment, industrial internet platform could empower the digital and intellectual transformation of SMEs, which is becoming an important engine for the cultivation of new quality productivity. Based on the theoretical analysis and case interpretation, the connotation, characteristics and elements of industrial Internet platform empowerment are clarified, its internal mechanism was revealed. The findings are as follows. Industrial internet platform empowerment is an interpretation that multi-actor apply digital and intelligent technology to co-create value based on the interactive of opportunities and resources. It has characteristics of digital and intelligent technology integrative, generative and multi-actor, including digital and intelligent industrial technology, digital and intelligent industrial opportunities, digital and intelligent industrial resources multi-actor elements. Industrial internet platform empowerment includes structural, field, psychological and resource empowerment, following the value logic of "value proposition, value creation and transmission, value capture". The IPO research framework for the internal mechanism of industrial internet platform empowerment was built, technological, organizational and environmental factors could affect the empowerment process of industrial internet platform and then produce positive and negative effects. It enriches and refines the research on industrial internet platform empowerment from new themes, new perspectives and new mechanisms, provide decision-making basis for activating the empowerment effect of industrial internet platforms, and provide practical guidance for cultivating new quality productivity based on industrial internet platforms to promote high-quality development of platforms.

  • Xiao Meng, Haili Yang, Jie Dong
    Journal of Technology Economics. 2024, 43(9): 32-44.

    As an experimental field for deepening China's scientific and technological system reform, the organizational innovation and institutional reform of new-style R&D institutions are closely related. From the theoretical perspective of institutional entrepreneurship, the organizational innovation of new-style R&D institutions has been redefined, and a grounded theory method has been used to construct an organizational innovation process model. Research has found that new-style R&D institutions integrate and drive stakeholders externally, establish the identity of "innovation hubs", create new institutional templates internally, and construct and interpret the new identity of "innovation complexes". The two processes dynamically collaborate to jointly shape the new institutional logic that binds technology and economy. A traceable and holistic theoretical explanation for the institutional advantages of new-style R&D institutions has been presented, providing reference and inspiration for establishing and improving modern scientific research institution system and promoting the modernization of the scientific and technological innovation governance system.

  • Jiaxu Huang, Haiqing Hu
    Journal of Technology Economics. 2024, 43(8): 114-126.

    Fuzzy front-end (FFE) is the research frontier of management studies in both domestic and international academia. On the other hand, in the industrial ciecles, the CCP's 20th report also addresses the importance of manufacturing startups in determining China's future development. Therefore, how to utilize FFE innovation to increase manufacturing startups' performance becomes a crucial goal of both academic researches and industrial practices. The relationships between FFE entrepreneurial bricolage activities, corporate social responsibility (CSR) and NPD performance by adopting a resource based view was studied. It surveyed 357 manufacturing startups and the empirical results from the data sample of manufacturing startups show that FFE entrepreneurial bricolage activities have positive and significant impacts on NPD Performance. FFE entrepreneurial bricolage activities also have positive and significant impacts on startups' CSR engagement. CSR engagement has positive and significant impacts on startups' NPD performance. CSR also plays a mediating role between FFE entrepreneurial bricolage activities and NPD performance. The research results triggered the future direction of FFE innovation research and practice.

  • Haifeng Chen, Furong Zhang, Chong Xin
    Journal of Technology Economics. 2024, 43(8): 12-22.

    The way companies create value is shifting, with more companies achieving value co-creation through participation in the innovation ecosystem. Based on the open innovation theory, 332 high-tech firms participating in the innovation ecosystem were taken as samples, the impact of coupled knowledge flows on value co-creation of innovation ecosystem and the moderating role of knowledge stocks and innovation ecosystem normativity were explored by using hierarchical regression analysis method. The results of the empirical study show that coupled knowledge flows has a significant positive impact on value co-creation of innovation ecosystem. Both knowledge breadth and knowledge depth have a significant positive moderating role on the relationship between coupled knowledge flows and value co-creation. Innovation ecosystem normativity has a significant positive moderating role on the relationship between coupled knowledge flows and value co-creation. It analyzes the value co-creation influence mechanism from the perspectives of external environments and internal environments of firms, which not only enriches the theoretical research related to knowledge flows, but also provides certain reference for innovation ecosystem to realize value co-creation.

  • Xiaoliang Zhang, Yan Wang
    Journal of Technology Economics. 2024, 43(8): 61-73.

    Technological innovation is characterized by large-scale investment, high conversion cost, long investment cycle, etc., which will profoundly affect corporate cost habits. Based on this, in order to empirically test the impact of corporate innovation on cost stickiness and its mechanism of action, the cost stickiness existence test model and its extension model were constructed. The above models used relevant data of A-share listed companies in Shanghai and Shenzhen from 2009 to 2021 under the premise of considering the truncation bias of patent data. It has been found that corporate innovation can significantly improve cost stickiness. The mechanism tests show that corporate innovation increases cost stickiness mainly through three paths: reducing the efficiency of supply chain resource operation, increasing the optimistic expectation of management, and aggravating the agency problem. Heterogeneity analyses show that the promotion effect of corporate innovation on cost stickiness is more significant in small and medium-sized private firms and firms in regions with a higher degree of industry competition. The findings have important implications for enhancing corporate resource allocation efficiency and realizing high-quality development.

  • Lintai Li, Wei Cui
    Journal of Technology Economics. 2024, 43(8): 36-45.

    China's steel industry has a huge demand for imported iron ore and does not have the pricing power for imported iron ore, so there is a high risk in the supply of iron ore. Since there are many factors affecting the price of imported iron ore and they are interrelated, there is still a lack of authoritative research results on the causes of fluctuations in the spot price of imported iron ore. Based on the existing research on the price of imported iron ore, factors such as iron ore supply and demand, transportation costs, pricing models, finance, and economic development were selected as factors affecting the price of iron ore, and determines the relevant representative indicators of each factor. By constructing a Lasso regression model, the main influencing factors of the spot price of imported iron ore and the complex interactive relationship between these factors are clarified, and the influence of each influencing factor is identified by the variance decomposition method. The results show that the Platts iron ore price index, shipping index, US dollar index, and domestic iron ore production are the main factors affecting the spot price of imported iron ore, among which the Platts iron ore price index is the most critical factor. Based on the model results, it puts forward corresponding policy recommendations from the perspectives of strengthening iron ore market supervision and optimizing iron ore transportation costs.

  • Sheng Hou, Lang Wang
    Journal of Technology Economics. 2024, 43(8): 23-35.

    Under the background of the digital economy, it is worth exploring whether digital technology can deeply empower the business transformation of commercial banks to break enterprises' financing dilemmas. Based on the loan data of Chinese listed enterprises from 2011 to 2021, the impact of commercial banks' digital transformation on enterprise loan capital allocation was theoretically analyzed and empirically examined. The results show that the digital transformation of commercial banks can significantly optimize the formulation of enterprise loan agreements, manifesting in the increase of loan size, the extension of maturity, the reduction of interest margin, and the upgrading of credit. The mechanism analysis shows that the digital transformation of commercial banks mainly optimizes the formulation of enterprise loan agreements by reducing risk-bearing and alleviating information asymmetry. Further analysis shows that commercial banks' digital transformation can improve credit resource allocation efficiency. The heterogeneity analysis shows that the optimization effect of commercial banks' digital transformation is more obvious in private enterprises and high-tech enterprises. Therefore, digital transformation not only enriches the microeconomic benefits of commercial banks but also provides a valuable reference for alleviating enterprises' financing difficulties and promoting the high-quality development of the real economy.