{"title":"Financial reform and innovation: Evidence from China’s Financial Reform Pilot Zones","authors":"Bole Zhou, Xiulu Huang, Xiaoxu Wu","doi":"10.1080/19761597.2021.2022985","DOIUrl":"https://doi.org/10.1080/19761597.2021.2022985","url":null,"abstract":"ABSTRACT Innovation is a channel through which financial reform promotes economic growth. Drawing on the quasi-experiment of China’s Financial Reform Pilot Zones, panel data from 293 prefecture-level cities in China from 2003 to 2019, and a difference-in-differences method, this paper evaluates the effect of financial reform on innovation. We find that financial reform significantly motivated innovation by promoting financial development, such as equity market development and credit market development. Moreover, the effect of financial reform on innovation shows diminishing marginal utility: in cities that started with a lower level of financial development, the policy effect on innovation is stronger.","PeriodicalId":45884,"journal":{"name":"Asian Journal of Technology Innovation","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2022-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44447364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An examination of the individual and interaction effect of absorptive capacity and corporate political activity on product innovation","authors":"Yanyan Li, Shanxing Gao","doi":"10.1080/19761597.2021.2020671","DOIUrl":"https://doi.org/10.1080/19761597.2021.2020671","url":null,"abstract":"ABSTRACT To improve their innovative performance in the emerging economy, firms develop absorptive capacity and corporate political activity to gain useful resources and maintain a beneficial environment. As the limited resources of firms and resource-consuming nature of absorptive capacity and corporate political activity, firms need to distribute resources wisely. However, the comparaion of their individual effect and the investigation of their interaction effect are limited. To fill up the research gap, based on the resource-based view, this study examined (1) the heterogeneous individual effect, and (2) the interaction effect of absorptive capacity and corporate political activity on innovation performance. Based on 165 pharmaceutical firms, this study found that the positive effect of absorptive capacity is stronger than that of corporate political activity on incremental innovation, while the positive effect of corporate political activity is stronger than the absorptive capacity on radical innovation. What’s more, the interaction effect is negatively related to radical innovation. These results shed light on how to conduct different innovations better by managing internal and external sources wisely, which extends the research of resource based innovation and enriches the study of the interaction effect of absorptive capacity and political strategy. This research also help managers to manage different resource sources based on their innovation strategy.","PeriodicalId":45884,"journal":{"name":"Asian Journal of Technology Innovation","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2022-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45209404","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Executive technical experience and corporate innovation quality: evidence from Chinese listed manufacturing companies","authors":"Ciji Song, A. Nahm, Zengji Song","doi":"10.1080/19761597.2021.2020137","DOIUrl":"https://doi.org/10.1080/19761597.2021.2020137","url":null,"abstract":"ABSTRACT This research empirically tests the impact of CEO technical experience on corporate innovation. Using A-share listed manufacturing companies during 2009–2018 as a research sample, we find that CEO technical experience positively affects the innovation quality of enterprises, and the impact is reflected in the breakthrough, originality, and value of innovations. After subdividing the CEOs’ technical experiences, we find that the higher the level of technical experience, the stronger the improvement of enterprise innovation quality. Compared with local technical experience, overseas technical experience has a stronger role in promoting innovation quality, and compared with non-academic technical experience, academic technical experience has a stronger role in promoting the quality of innovation. Further research finds that CEO technical experience has a stronger effect on the innovation quality of state-owned enterprises than non-state-owned enterprises, and it has a more significant effect on the innovation quality of high-tech enterprises. The research provides insights for managers and policymakers in creating and implementing effective innovation strategies.","PeriodicalId":45884,"journal":{"name":"Asian Journal of Technology Innovation","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2022-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43634799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jiyoon Lee, Minjoo Yoo, M. Ryu, Dongyan Nan, J. Kim, Daeho Lee
{"title":"Interoperability of online loyalty and offline loyalty in omnichannel retailing service: seeking innovation in retail industry","authors":"Jiyoon Lee, Minjoo Yoo, M. Ryu, Dongyan Nan, J. Kim, Daeho Lee","doi":"10.1080/19761597.2021.2004178","DOIUrl":"https://doi.org/10.1080/19761597.2021.2004178","url":null,"abstract":"ABSTRACT\u0000 To stay competitive, retail companies have introduced innovative retailing strategies for enhancing the consumer experience. Among these, omnichannel retailing services are one of the most critical services. However, studies on the loyalty required to secure the market using omnichannel strategies are limited. Instead of arbitrarily selecting key factors for users’ loyalty based on previous research data used by users in social networking services were evaluated in this study, and the validity of the selection of variables was verified through network analysis. A structural equation model based on the results of network analysis and the factors influencing online loyalty and offline loyalty were analysed using the model. Therefore, independent variables except for perceived usability exhibited a positive effect on user satisfaction, and user satisfaction had a positive effect on loyalty. Furthermore, offline user satisfaction exhibited a positive effect on online loyalty, but online user satisfaction did not. Suggestions for future research and corporate strategy were provided.","PeriodicalId":45884,"journal":{"name":"Asian Journal of Technology Innovation","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2021-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47370994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The effect of government R&D subsidies on corporate R&D investment in South Korea: verification using meta-analysis","authors":"Buil Chung, Youngsoo Ryu, Seung Ahn","doi":"10.1080/19761597.2021.2014341","DOIUrl":"https://doi.org/10.1080/19761597.2021.2014341","url":null,"abstract":"ABSTRACT Whether public R&D subsidies complement or substitute private R&D investment has long been a subject of debate. Also, the results of previous studies on whether R&D subsidies are effective for large corporations or more effective for SMEs have been mixed. This study analyses research studies in Korea over the past 20 years and provides comprehensive conclusions on these controversies. As a methodology, firstly, meta-analysis is performed to synthesise the results of previous studies. Secondly, more sophisticated effect sizes are estimated by meta-regression analysis, and then panel analysis is performed to confirm robustness. The results indicate that government R&D subsidies have a positive (+) additionality effect on corporate R&D investment. It is also found that the additionality effect is larger when R&D subsidies are provided to SMEs rather than large enterprises. Analysis by time showed a negative (−) effect appears initially, and the trend improved over time to a positive (+) effect. The results of this study can be used as primary data for verifying the economic feasibility of the government R&D supports and setting the basic direction for the R&D subsidy policy in the future.","PeriodicalId":45884,"journal":{"name":"Asian Journal of Technology Innovation","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2021-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43901417","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Catching-up in the semiconductor industry: comparing the Chinese and Malaysian experience","authors":"Hongchuan Wang, G. Lim","doi":"10.1080/19761597.2021.2007144","DOIUrl":"https://doi.org/10.1080/19761597.2021.2007144","url":null,"abstract":"ABSTRACT This paper compares the paths of development taken by China and Malaysia in their attempts to pursue catching-up. While both China and Malaysia rely to a large extent on attracting foreign direct investment, China has, since its economic liberalisation in the late 1970s, implemented a more proactive set of industrial policy to embed foreign know-how and promote domestic technological deepening. This is illustrated through a comparison of the evolution of the Chinese and Malaysian semiconductor (upstream) industry. Although their progress remains tentative at this stage, China seems to be showing more concrete signs of technological and industrial sophistication than Malaysia. Such mastery is a useful platform for Chinese firms to progressively climb the technological ladder and to capture more value from the production and sales of increasingly complex goods and services. The principles discussed in this paper provide policy lessons, or at least some initial guidance, for other developing economies aspiring to move up the value chain.","PeriodicalId":45884,"journal":{"name":"Asian Journal of Technology Innovation","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2021-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42481193","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Innovative robotic restaurants in Korea: merging a technology acceptance model and theory of planned behaviour","authors":"J. Choe, J. Kim, Jinsoo Hwang","doi":"10.1080/19761597.2021.2005466","DOIUrl":"https://doi.org/10.1080/19761597.2021.2005466","url":null,"abstract":"ABSTRACT This study was designed in order to examine how to form behavioural intentions using the technology acceptance model (TAM) and the theory of planned behavior (TPB) in the context of robotic restaurants. In particular, this research proposed that perceived ease of use positively affects perceived usefulness, which thereby exerts a positive influence on attitude. In addition, subjective norm was hypothesised in order to facilitate the enhancement of attitude and personal norm. Lastly, attitude, subjective norm, perceived behavioural control, and personal norm were proposed to play important roles in the formation of behavioural intentions. The data was collected from 416 respondents in South Korea. The data analysis results showed that all the hypotheses within the model that merged the TAM and TPB were statistically supported.","PeriodicalId":45884,"journal":{"name":"Asian Journal of Technology Innovation","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2021-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44005820","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Human mobility restrictions and innovation: evidence from China","authors":"Guoguo Zhang, Honghong Zhang","doi":"10.1080/19761597.2021.1986411","DOIUrl":"https://doi.org/10.1080/19761597.2021.1986411","url":null,"abstract":"ABSTRACT Population mobility plays an essential role in the diffusion of knowledge. To the best of our knowledge, the existing literature focuses on the migration of workers between regions. Still, we employ a temporary policy of human mobility restriction in China to estimate the effect of COVID-19 on innovation. We find that the number of application invention patents decreases remarkably 1.813 using RD design and remains declined even if we rule out the Spring Festival and the viral effects using RD-DID. Moreover, the mechanism research suggests that the lockdown causes a decline in the population mobility within Wuhan city and inflow from other cities and we rule out the mechanism that skilled labours flow out Wuhan. In addition, we further find that institutional innovations have a significant reduction, especially invention patents in universities. This study highlights the enormous negative impact of human mobility restrictions on innovation due to COVID-19.","PeriodicalId":45884,"journal":{"name":"Asian Journal of Technology Innovation","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2021-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44986868","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The role of firm innovativeness in the time of Covid-19 crisis: Evidence from Chinese manufacturing firms","authors":"H. Ali","doi":"10.1080/19761597.2021.1976063","DOIUrl":"https://doi.org/10.1080/19761597.2021.1976063","url":null,"abstract":"ABSTRACT Can being innovative help firms to shield themselves from the detrimental effects of a crisis? This study employed a mixed-methods approach using empirical analysis based on firm-level secondary data of China’s manufacturing sector and multi-case analysis to provide evidence on whether and how innovativeness could help businesses to survive the Covid-19 crisis and thrive afterward. We find that innovativeness empowers firms to withstand the negative financial consequences of the crisis. The first quarter 2020 analysis based on a sample of 606 manufacturing firms reveal that innovative firms appear more efficient and profitable and have significantly higher chances of survival than less innovative firms. Furthermore, the second-quarter results based on a sample of 582 firms show that innovative firms exhibit higher operating efficiency and a greater probability of survival relative to others. The results remain consistent even after controlling for common firm characteristics and sector fixed effects. From additional analyses, we further find that the innovativeness-performance association is even stronger than the one found during pre-crisis periods, suggesting that a firm’s innovation capabilities have greater utility in the rapidly changing situation rather than a stable environment. The paper contributes to knowledge that will be of use to managers, researchers, and policymakers.","PeriodicalId":45884,"journal":{"name":"Asian Journal of Technology Innovation","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2021-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41806230","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Tian-tian Shang, Min Tian, Nancy R. Tao, Yini Chen
{"title":"Market-oriented green innovation model: conceptualisation and scale development of disruptive green innovation","authors":"Tian-tian Shang, Min Tian, Nancy R. Tao, Yini Chen","doi":"10.1080/19761597.2021.1968304","DOIUrl":"https://doi.org/10.1080/19761597.2021.1968304","url":null,"abstract":"ABSTRACT Market-oriented green innovation is receiving increasing attention. However, due to the dominance of traditional technologies and the underdevelopment of green technology capabilities, the speed at which green innovation enters the market is slow. Overcoming competitive disadvantages for latecomer green innovations has become a key issue to be solved. Disruptive innovation theory provides latecomers with opportunities for leapfrog development. Combined with the theory of disruptive innovation and green innovation, this study proposes a new model for market-oriented green innovation – disruptive green innovation. This study then attempts to develop a scale of disruptive green innovation. Through qualitative methods such as literature deduction, interview induction and expert screening, the initial items of disruptive green innovation are set up. Through quantitative methods such as pretests and large sample tests, the initial items are refined and analyzed. Finally, the scale of disruptive green innovation composed of seven items is developed. This study not only provides important theoretical guidance for the market strategy deployment of green innovation in China and clear measurement tools for follow-up research but also provides important practical enlightenment for green innovation to catch up in the fierce market competition.","PeriodicalId":45884,"journal":{"name":"Asian Journal of Technology Innovation","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2021-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42900469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}