Based on the sample data of A-share listed manufacturing companies in China from 2007 to 2021, the existence, mechanism, and influencing factors of the peer effects on servitization in Chinese manufacturing enterprises were studied. There exists regional peer effects on servitization, and the conclusion is still valid after a series of robustness tests. Learning and imitation is the mechanism by which the peer effects on enterprise servitization, and the degree of market competition is an important factor affecting the peer effects on servitization. Heterogeneity in the peer effects on enterprise servitization has been found by further research. Enterprises with a low proportion of fixed assets or a high degree of customer concentration have a more significant peer effects on servitization.

Enterprises build an innovation ecosystem of value co-creation through the network collaboration of innovation entities, so as to perceive and adapt to the changes of the digital environment in the digital era. Therefore, it is necessary to explore the generation mechanism of the digital innovation ecosystem. Taking Huawei Automobile as the research object, the rooted analysis method was adopted and the construction mechanism and evolution path of Huawei Automobile digital innovation ecosystem was studied based on the theoretical perspective of dynamic capability. The findings are as follows. The digital innovation ecosystem built by digital innovation enterprises goes through three stages, with three evolutionary paths and four capabilities. The three stages are the innovation ecosystem of integrating digital resources, expanding digital resources and sharing digital resources. The three evolutionary paths are market demand, cross-border communication and network collaboration. The four abilities are information sensing, resource integration, resource acquisition and resource reorganization. The digital ecological environment and dynamic capability are the internal driving force to promote the continuous evolution of the digital innovation ecosystem, so that the organizational framework of the system is constantly upgraded, more innovation entities are derived, and a network collaborative framework is formed. The research conclusion has theoretical guidance and practical value for digital innovation enterprises to build digital innovation ecosystem.

Cross-border merger and acquisition (M&A) is considered as an effective shortcut for enterprises in latecomer countries to obtain innovative resources and realize technological catch-up. Formal ownership of the M&A resources does not equate to technological capability enhancement, the effective internalization of M&A resources can support the technological capability leap of latecomers. However, the literature lacks sufficient theoretical explanation for the resource integration mechanism of "M&A-technological catch-up". Using a longitudinal single case study design, the M&A integration practice between Shenyang Machine Tool Group and SCHIESS is taken as the research sample, based on the conceptual system of "intellectual capital" which is closely related to organizational technological transfer and innovation, the internal mechanism of "intellectual capital integration-technological catch-up" based on M&A was studied. The research results show that technological catch-up based on M&A follows the path of "absorption and imitation-integration and creation-dominant and leading". The integration of intellectual capital shows the dynamic evolution of "human capital integration dominant-social capital integration dominant-organization capital integration dominant". The integration effect of M&A catch-up shows the dynamic change of "reverse absorption effect-diversity fusion effect-ability reconstruction effect".

Focused on digital platforms and their ecosystems, platform economy is both a key path for the development of digital economy and plays a basic function in driving the growth of real economy. Based on the dialog between digital platform-based ecosystem view and social network theory, Ant Group's digital platform financial ecosystem was analyzed vertically for its network empowerment, value co-creation, and the interaction mechanism between them. It is found that digital platform financial ecosystem takes platform network as the enabling foundation for value co-creation, with network empowerment promoting value co-creation and then pushing back a new round of network empowerment. Therefore, a spiraling positive feedback loop is formed by following the path of "platform network I-network empowerment-co-creation value output-platform network II-network empowerment optimization", which contributes to the dynamic evolution of ecosystem. As this paper deepens the study on empowerment mechanism behind evolution of digital platform financial ecosystem in stages and continuity, it is enlightened for platform economy to fully develop and enable the integration between digital and real economy.

In the context of the national strategic goal of innovation-driven high-quality development, binary innovation is an important strategic choice for enterprises to realize long-term development and maintain business performance. However, not all managers as strategic decision makers of enterprises have long-term strategic vision. Based on the high-order echelon theory and time-oriented theory, China's A-share listed companies was selected as the research object, the relationship between managerial myopia and corporate binary innovation was explored, and the moderating effects of managerial freedom and environmental uncertainty on it was empirically tested. It is found that managerial myopia significantly inhibits firms' binary innovation. Managerial freedom strengthens the inhibitory effect of managerial myopia on firms' binary innovation. And environmental uncertainty weakens the inhibitory effect of managerial myopia on firms' binary innovation. By expanding the correlation between managerial myopia and corporate binary innovation, this paper has some practical implications for the appointment of high-level managerial talents and the strategic choices of enterprises.

More and more enterprises begin to adopt open and shared office space design, and one of the key problems caused by open and shared office space design is the lack of privacy. Based on the affective event theory, it has conducted a two-stage questionnaire survey of 210 employees with a two-week interval to explore how the lack of privacy in the workplace affects employees' work disengagement behavior through negative emotions. Finally, It was found that the lack of privacy in the workplace has a significant positive impact on employees' work disengagement behavior, and negative emotions play a partial mediating role between the two. In addition, the control point moderated the relationship between workplace privacy deficit and negative emotion: compared with the internal control point individual, the external control point individuals were more likely to be negatively affected by the lack of privacy in the workplace, and their negative emotions increased more obviously, and the impact on work disengagement behavior was also stronger.

Will the practice of ESG by enterprises exacerbate bankruptcy risks due to resource occupation, resulting in factual outcomes that directly contradict ESG's original concept of sustainable development? In this regard, Chinese A-share listed companies was taken as the research object and conducts empirical testing. Based on the widely studied relationship between ESG and corporate returns, it further balances the risks and benefits brought by improving ESG to enterprises from the perspective of bankruptcy risk. Research has found that improving ESG performance of enterprises can reduce agency costs, alleviate financing constraints, and effectively alleviate bankruptcy risks. And this effect is more evident in private enterprises, enterprises with high executive shareholding ratios and high degree of marketization in their locations. Higher ESG rating fluctuations will reduce the original bankruptcy risk reduction effect of ESG performance, reflecting the obvious instability of ESG ratings, which will weaken the effect of improving ESG performance by releasing positive information to the market and winning the support of stakeholders. It suggests that enterprises actively implement the ESG concept, the government accelerates the progress of improving the ESG related information disclosure system for enterprises, and the public provides more support and attention to enterprises that actively undertake social responsibility, aiming to help form a harmonious and stable social environment and promote enterprises to practice the ESG concept.

Based on the panel data of 35 large and medium-sized cities in China from 2008 to 2016, Tobit model and input-oriented data envelopment analysis (DEA) method was used to explore the impact of urban housing sales price on urban total factor productivity. It is found that in the overall dimension, the urban housing price and urban productivity present an inverted U-shaped curve, which increases first and then decreases. The urban housing price level exceeds the maximum critical value of "Houses are for living in, not for speculation", and the inhibiting effect of housing price rise on urban total factor productivity is significant. The effect of housing price on the productivity of cities with different population sizes is heterogeneous. When the city population size reaches the standard of the very large-sized city, the housing price and urban productivity show an inverted U-shaped feature, and when the city population size reaches the standard of the super large-sized city, the inverted U-shaped feature of housing price and urban productivity disappears. The inverted U-shaped relationship between housing prices and urban productivity in different types of cities and the heterogeneity of cities indicate that China's large and medium-sized cities should carry out the fine adjustment of housing prices, and the policy positioning of "Houses are for living in, not for speculation" has a solid theoretical basis and practical necessity.

The key indicators of product correlation reflecting information friction and social network analysis method was used to discuss the effect of product correlation on the export of differentiated products in China. The results show that higher product correlation degree can weaken information friction and promote the export of differentiated products in China. Under the liberal taxonomy, GVC production activities provide an important foundation for improving the efficiency of technology and information transfer. Under the conservative taxonomy, the difference of classification methods will lead to a "product transfer effect" on the impact of information friction on Chinese exports. Betweenness centrality has a more significant promoting effect on the export of differentiated products in China. It reflects the higher control ability of network resources, the stronger control ability of information transmission, and the greater hub function of network operation efficiency, which is more conducive to the export of products. Geographical distance in traditional gravity model and product correlation reflecting information friction are both important factors affecting current international trade.

Academic entrepreneurship spans two different environments, academic and industrial. Therefore, academic entrepreneurs often shoulder the roles of scholars and entrepreneurs. Their social capital and perception of role conflicts will have a certain impact on the entrepreneurial process. Based on the theory of resource conservation, the expansion strengthening hypothesis, and the resource-based theory, a model was constructed to integrate the perception of role conflicts among academic entrepreneurs and the inertia of social capital on the acquisition of entrepreneurial resources and entrepreneurial performance. The moderating role of enterprise participation in this process was explored in depth. Based on the empirical data of 394 academic entrepreneurs, and using multiple regression analysis methods to conduct empirical testing, the results indicate that role conflict perception has a significant positive impact on resource acquisition and entrepreneurial performance. Social capital inertia has a significant negative impact on resource acquisition. Meanwhile, resource acquisition has a significant positive impact on entrepreneurial performance, and scholars' level of corporate participation positively moderates the relationship between role conflict perception and entrepreneurial performance. The above research results enrich the relevant research on the dual role of academic entrepreneurs from a subjective perception perspective, and also provide practical guidance for scholars who have entrepreneurial ideas or are already in the entrepreneurial process.