Chinese Management Studies最新文献

{"title":"Performance shortfalls and financialization of non-financial enterprises in China","authors":"Shanshan Wang","doi":"10.1108/cms-11-2021-0472","DOIUrl":"https://doi.org/10.1108/cms-11-2021-0472","url":null,"abstract":"\u0000Purpose\u0000Based on the theory of performance feedback, this study aims to explore the theoretical relationship between performance shortfalls and the financialization of non-financial enterprises. It further analyzes the moderating effect of economic policy uncertainty (EPU) and organizational redundant resources.\u0000\u0000\u0000Design/methodology/approach\u0000Multiple regression analysis is used on 16,555 initial samples of 2,658 Chinese A-share issuing enterprises from 2007 to 2019 to empirically test the relationship between performance shortfalls and the financialization of non-financial enterprises, and an instrumental variables-generalized moments estimation model is also used to verify the robustness of the results.\u0000\u0000\u0000Findings\u0000The results reveal that the greater the performance gap below the aspiration level, the higher the degree of enterprise financialization. Moreover, EPU strengthens the relationship between performance shortfalls and financialization, whereas organizational redundant resources weaken the relationship between performance shortfalls and financialization.\u0000\u0000\u0000Practical implications\u0000Decision-makers should determine the aspirated performance level of enterprises to make investment decisions that are most conducive to the long-term development of enterprises. Each enterprise should establish scientific management evaluation and supervision systems to avoid financial investment behaviors that place too much emphasis on short-term performance.\u0000\u0000\u0000Originality/value\u0000This study finds that financialization is one of the reactions when performance of enterprises is lower than the aspiration level, thus expanding the functional dimensions of performance feedback and supplementing the research on the influencing factors of enterprise financialization. The results also reveal information about situational factors, helping identify the boundary conditions through which performance below aspirations affects enterprise financialization.\u0000","PeriodicalId":51675,"journal":{"name":"Chinese Management Studies","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47712872","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":"Expanding branding: effects of multiple brand types on organizational attractiveness","authors":"Lusi Wu, Brian R. Dineen","doi":"10.1108/cms-07-2022-0246","DOIUrl":"https://doi.org/10.1108/cms-07-2022-0246","url":null,"abstract":"\u0000Purpose\u0000This study aims to examine the relative effects of three organizational brand types (product, employment and corporate social responsibility brands) on organizational attractiveness. The potential differences in the impacts exerted by each brand on organizational attractiveness between the US and Chinese job seekers are also examined.\u0000\u0000\u0000Design/methodology/approach\u0000A policy-capturing design was used among both US and Chinese participants to test the hypothesized relationships using multilevel modeling.\u0000\u0000\u0000Findings\u0000Results suggest that each brand type independently contributes to the prediction of attractiveness, with the employment brand a significantly stronger predictor than the other two. Besides, the strength of relationships between brands and organizational attractiveness varies among job seekers from different national contexts.\u0000\u0000\u0000Originality/value\u0000The findings contribute to the limited understanding of how different types of brands together influence organizational attractiveness among job seekers, and the role national context plays in it.\u0000","PeriodicalId":51675,"journal":{"name":"Chinese Management Studies","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46425066","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":"Do CSR awards enhance firms’ market value? Evidence from China","authors":"M. Zhang, Ruixi Long, Qingmei Tan, Keke Wei","doi":"10.1108/cms-07-2022-0234","DOIUrl":"https://doi.org/10.1108/cms-07-2022-0234","url":null,"abstract":"\u0000Purpose\u0000This study aims to examine the impact of corporate social responsibility (CSR) awards on firms’ market value considering these awards as a signal and proxy for the effectiveness of CSR practice.\u0000\u0000\u0000Design/methodology/approach\u0000There are 342 announcements of CSR awards in China from 2006 to 2017 screened and analyzed using the event study methodology.\u0000\u0000\u0000Findings\u0000The stock market reacts significantly negatively to CSR award announcements in the short term. Firms that are state-owned, belong to the manufacturing industry, outside east China, repeatedly win awards and are listed in the Chinese H-share market, experience a stronger stock market reaction. Interestingly, the long-term stock returns of award winners are significantly positive for multiyear holding periods.\u0000\u0000\u0000Practical implications\u0000The findings offer stakeholders clear guidelines on how to manage communications in the market to extract enhanced financial performance from CSR award announcements.\u0000\u0000\u0000Originality/value\u0000This study chooses CSR awards as a proxy for the effectiveness of excellent CSR practice. This study also contributes to the CSR literature by analyzing how investors use the award information to make investment decisions.\u0000","PeriodicalId":51675,"journal":{"name":"Chinese Management Studies","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44713691","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":"Firm age and Chinese firms’ OFDI in developing and developed countries: the moderating roles of industry munificence and state ownership","authors":"Qunyong Xie","doi":"10.1108/cms-04-2022-0155","DOIUrl":"https://doi.org/10.1108/cms-04-2022-0155","url":null,"abstract":"\u0000Purpose\u0000Applying the internationalization process model (IPM) and the strategic fit perspective, this research aims to test the effects of firm age on Chinese firms’ outward foreign direct investment (OFDI) in developing and developed countries.\u0000\u0000\u0000Design/methodology/approach\u0000Using data on some Chinese firms, this study applied the zero-inflated negative binomial model and Heckman two-stage model to do the analyses.\u0000\u0000\u0000Findings\u0000This research found that firm age has different effects on Chinese firms’ OFDI in developed and developing countries. State ownership and industry munificence independently and jointly can moderate these effects.\u0000\u0000\u0000Originality/value\u0000This study contributes to the IPM and solves the theoretical conflict about the firm age–OFDI relationship.\u0000","PeriodicalId":51675,"journal":{"name":"Chinese Management Studies","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47886763","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":"Flexible human resource management systems and employee innovation performance in China – based on the moderated mediation effect","authors":"Yan Xu, Han Qian, M. Zhang, Feng Tian, Lulu Zhou, Shuming Zhao","doi":"10.1108/cms-11-2021-0495","DOIUrl":"https://doi.org/10.1108/cms-11-2021-0495","url":null,"abstract":"\u0000Purpose\u0000This paper aims to explore the impact of flexible human resource management system (FHRMS) on employee innovation performance in Chinese context. The boundary conditions of employability and organizational identity are also discussed.\u0000\u0000\u0000Design/methodology/approach\u0000This study is based on 322 questionnaire survey from employees in China. The questionnaires were collected at two time points. This study used the method of multi-level linear model analysis for empirical test.\u0000\u0000\u0000Findings\u0000This study has three conclusions. First, FHRMS have a significant positive impact on employee innovation performance, with employability playing a mediating role. Second, organizational identity plays a moderating role between employability and employee innovation performance. Third, organizational identity moderates the mediating effect of a human source management systems on employee innovation performance through employability.\u0000\u0000\u0000Originality/value\u0000The results are helpful to open the “black box” of the influence of FHRMS on employees’ individual innovation performance. This study provides a reference for enterprises to establish flexible human source management system to improve employee innovation performance.\u0000","PeriodicalId":51675,"journal":{"name":"Chinese Management Studies","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41655687","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":"Balancing work and family in the context of the COVID-19 pandemic: the role of work conditions and family-friendly policy","authors":"Yangyang Fan, Erbolat Tulepbayev, Hyun Jung Lee, Xiaojun Lyu","doi":"10.1108/cms-11-2021-0505","DOIUrl":"https://doi.org/10.1108/cms-11-2021-0505","url":null,"abstract":"\u0000Purpose\u0000Work from home has become as regular as the traditional commuting system after the outbreak of the COVID-19 pandemic. Previous studies have discussed the influence of working at home on the work–family interface. However, there is limited understanding of how diverse workforces manage their work–family issues with various family-friendly policies. This study aims to bridge this research gap by examining the collective influence of work conditions and family-friendly policies on work–family balance.\u0000\u0000\u0000Design/methodology/approach\u0000A survey experiment featuring two working conditions (work from home or commuting) × four family-friendly policies (household subsidy, family-friendly supervisor, financial profit, paid leave vs no policy) was approached based on 703 valid responses in China.\u0000\u0000\u0000Findings\u0000The results indicate that family-friendly policies are more effective under the work-from-home condition than the commuting condition, household subsidies and financial profits are considered more helpful for work–family balance under the work-from-home condition and employees’ policy preferences depend on personal identity and work conditions, which help them maintain work and family issues concurrently.\u0000\u0000\u0000Originality/value\u0000This study explores the joint impact of work conditions and family-friendly policies from a situational perspective. This study indicated that professional organizations need to perform delicacy management considering policy preferences. Moreover, changing working arrangements help employees facilitate their work–family balance.\u0000","PeriodicalId":51675,"journal":{"name":"Chinese Management Studies","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44793881","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":"Bibliometric approach to inclusive entrepreneurship: what has been written in scientific academia?","authors":"M. Rodrigues, Rui Silva, Mário Franco, Cidália Oliveira","doi":"10.1108/cms-01-2022-0028","DOIUrl":"https://doi.org/10.1108/cms-01-2022-0028","url":null,"abstract":"\u0000Purpose\u0000The year 2020 was heavily marked by an unprecedented pandemic affecting society as a whole. However, under-represented groups may have seen their financial and social situation affected differently from other groups. Thus, it was found that in the literature, the term inclusive entrepreneurship, which addresses these issues, was fragmented in view of its similarity and association with social entrepreneurship, inclusive business and sustainability. In this sense, this paper aims to map the scientific knowledge on this topic.\u0000\u0000\u0000Design/methodology/approach\u0000To fulfil this aim, a systematic literature review was supported by bibliometrics (performance analysis and scientific mapping) and by the use of the software Bibliometrix R and VoSviewer.\u0000\u0000\u0000Findings\u0000The results obtained show that in the Web of Science, there are 121 documents related to this topic whose content analysis revealed that they are distributed between sustainability, entrepreneurship and inclusive entrepreneurship in the close triple association.\u0000\u0000\u0000Practical implications\u0000The main contributions of this study are the connection established between the three concepts and the emergence of continuing to develop research on inclusive entrepreneurship, given its binary function: employment generation for disadvantaged groups and inclusive business creation.\u0000\u0000\u0000Originality/value\u0000The relevance of this bibliometric analysis stands out, providing the positioning of academics on the importance of leveraging emerging research on this topic, not only in poor countries but also in others.\u0000","PeriodicalId":51675,"journal":{"name":"Chinese Management Studies","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47383252","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":"Entrepreneurship and innovation efficiency: the moderating role of absorptive capacity","authors":"Furong Qian, Jin Hong, Nana Yang, Xiaoyong Yuan","doi":"10.1108/cms-12-2020-0530","DOIUrl":"https://doi.org/10.1108/cms-12-2020-0530","url":null,"abstract":"\u0000Purpose\u0000This study aims to investigate the relationship between entrepreneurship and innovation efficiency (IE), as well as the moderating role of absorptive capacity.\u0000\u0000\u0000Design/methodology/approach\u0000This study uses a sample of industrial enterprises from Chinese provinces from 2005 to 2016, and it tests the research questions using the method of stochastic frontier analysis.\u0000\u0000\u0000Findings\u0000The results of this study indicate that entrepreneurship promotes IE, and that absorptive capacity plays a positive moderating role. In addition, the effect of entrepreneurship on IE differs between the central and eastern regions and the western region.\u0000\u0000\u0000Originality/value\u0000This research provides direct policy implications by demonstrating the role of entrepreneurship and absorptive capacity in IE, thereby guiding corporate management practices and the formulation of government innovation and entrepreneurship policies.\u0000","PeriodicalId":51675,"journal":{"name":"Chinese Management Studies","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41930874","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":"How corporate social responsibility moderates the relationship between distributive unfairness and organizational revenge: a deontic justice perspective","authors":"Wei-Na Deng, Ming Jia, Zhe Zhang","doi":"10.1108/cms-09-2021-0400","DOIUrl":"https://doi.org/10.1108/cms-09-2021-0400","url":null,"abstract":"\u0000Purpose\u0000This paper aims to investigate the differential moderating effects of two types (internal/external) of corporate social responsibility (CSR) on the relationship between distributive injustice and organization-directed revenge through the mediating role of negative emotions.\u0000\u0000\u0000Design/methodology/approach\u0000This paper conducts two studies. Study 1 was a vignette study based on a sample of 501 part-time master of business administration students in China aimed at testing the moderating effects of different levels of internal (external) CSR. Study 2 involved a laboratory experiment in which 108 postgraduate students were recruited to scrutinize the contrasting moderating effects of different types of CSR (internal vs external) and test the underlying mechanisms of negative emotions. The latest facial expression analysis technology (FaceReader 5.0 software) was used to detect participants’ emotional state.\u0000\u0000\u0000Findings\u0000Study 1 demonstrates that internal CSR buffers the relationship between distributive injustice and organizational revenge behavior through negative emotions. However, the moderating effect of external CSR is not significant. Study 2 reveals that compared with external CSR, distributive injustice induces fewer negative emotions in the presence of internal CSR and the mediating role of negative emotions detected by the facial expression analysis software is also verified.\u0000\u0000\u0000Practical implications\u0000The authors hope that the findings of this paper can provide theoretical references for enterprise managers to enhance their employee governance, develop more effective intervention policies and formulate corresponding coping mechanisms to prevent and mitigate workplace revenge behaviors.\u0000\u0000\u0000Originality/value\u0000First, this paper enriches the literature on the relationship between injustice and organization revenge by introducing CSR as an employee governance tool. Second, this paper reconciles prior inconsistent findings about employee response to CSR in the occurrence of negative events by distinguishing between external and internal CSR and examining the differential moderating effects of two types of CSR. Such distinction is derived from the heterogeneous justice perceptions arising from different CSR actions. In addition, the authors measure participants’ negative emotions through a multi-method approach integrating the latest technology for facial expression analysis and the PANAS scale, which represents a method advancement and provides implications for measuring emotions.\u0000","PeriodicalId":51675,"journal":{"name":"Chinese Management Studies","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48518946","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 curvilinear relationship between hindrance stressors and bootlegging: the moderate role of state ownership","authors":"Mengsang Chen, Xiaohui Wang, Haibo Wu, Aiqiong You","doi":"10.1108/cms-12-2020-0552","DOIUrl":"https://doi.org/10.1108/cms-12-2020-0552","url":null,"abstract":"\u0000Purpose\u0000The purpose of this study is to provide insights into bootleg innovation by investigating whether perceived hindrance stressors play an important role in bootlegging and how different organizational ownership types (state-owned enterprises (SOEs) vs non-SOEs) affect this relationship.\u0000\u0000\u0000Design/methodology/approach\u0000The study samples comprised 3,967 employees from 674 knowledge-intensive companies in southern China. Multilevel structural equation modeling was used to test the hypotheses.\u0000\u0000\u0000Findings\u0000Drawing on the conservation of resources (COR) theory, the results show that hindrance stressors have a curvilinear (U-shaped) influence on bootleg innovation, and that the curve relationship between the hindrance stressors and bootlegging is more pronounced among employees in non-SOEs.\u0000\u0000\u0000Practical implications\u0000The findings indicate that either a low or high level of hindrance stressors can activate a high level of bootlegging activities among employees. These results suggest that managers need to be vigilant in detecting the level of hindrance because different motivations predominate at different stressor levels.\u0000\u0000\u0000Originality/value\u0000Based on the COR theory, the findings cast perceived hindrance stressors as an antecedent of bootlegging at the individual level. The inquiry into state ownership types further provides a comprehensive understanding of the non-linear relationship between hindrance stressors and bootlegging.\u0000","PeriodicalId":51675,"journal":{"name":"Chinese Management Studies","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2022-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48732224","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}