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    Can Hog Price Index Insurance Inhibit Fluctuation in the Swine Cycle?
    Liao Pu, He Yeping, He Suyuan, Liu Xiangyu
    Management Review    2022, 34 (3): 31-40.  
    Abstract519)      PDF (1518KB)(119)      
    Given the underdevelopment of the hog futures market and the largest population of medium-sized farmers in China, hog price index insurance can be a constructive attempt to suppress the swine cycle by applying insurance methods. Based on an empirical analysis of hog supply and demand, this paper uses cobweb theory and ARMA model to predict the cycle of hog price and evaluates the effect of the index insurance on the cycle. The results show that the model fits well with the swine cycle, with the large cycle being about 4-6 years and the small cycle being about 5 to 14 months. Under the research framework of this paper, the hog price index insurance shows a significant inhibitory effect on the swine cycle, and within a reasonable range, the higher the pig-maize ratio is, the better the inhibition effect will be. The predictions of the swine cycle also indicate convergent cobweb characteristics, and the further the hog price deviates from equilibrium price, the more effective the hog price index insurance will be in inhibiting hog price fluctuations.
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    The Double-edge Sword Effects of Ambidextrous Leadership——An Integrated Model of Two Approaches Based on Cognitive Strain and Vitality at Work
    Zhao Hongdan, Guo Limin, Luo Jinlian
    Management Review    2021, 33 (8): 211-223.  
    Abstract302)      PDF (1306KB)(510)      
    Ambidextrous leadership refers to leaders who solve conflicts and tensions with paradox thinking. Although abundant studies have demonstrated the positive impact of ambidextrous leadership on employees' behaviors and performance, the negative consequences of ambidextrous leadership have been neglected. Based on the cognitive-affective system theory of personality (CAPS), the present paper aims to explore the process and boundary condition of how ambidextrous leadership influences employees' task performance from both the cognition and affective perspectives. Specifically, we investigate the mediating roles of employees' cognitive strain and vitality at work in the ambidextrous leadership-task performance association. Employing a two-wave questionnaire survey, 278 valid data are obtained from full-time employees of enterprises located in Shanghai, Beijing, Gansu, and Henan. Consistent with hypotheses, the analysis results based on bootstrapping method show that:(1) there is a significant multiple indirect effect of employees' cognitive strain and vitality at work in the mechanism of how ambidextrous leadership influences employees' task performance; (2) with respect to the affective process, ambidextrous leadership could enhance employees' vitality at work and consequently task performance; (3) with respect to the cognition process, ambidextrous leadership increases employees' cognitive strain, which in turn diminishes employees' task performance; (4) the total indirect effect of ambidextrous leadership on employees' task performance via cognition path (cognitive strain) and affective path (vitality at work) is significant and positive; (5) Chinese traditionality not only moderates the relationship between ambidextrous leadership and employees' vitality at work, but also moderates the indirect effect of ambidextrous leadership on employees' task performance (via vitality at work), such that the relationship is stronger under low Chinese traditionality than under high. However, Chinese traditionality has no moderating effect on the ambidextrous leadership-employees' cognitive strain association. With these findings, the present study extends the research concerning the effects of ambidextrous leadership, further clarifies the process and boundary condition under which the ambidextrous leadership affects task performance, and offers practical implications for organizations to utilize ambidextrous leadership flexibly and effectively.
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    Why do Supervisors Prefer the Voice Behavior of Certain Subordinates? The Effects of Guanxi, Loyalty, Competence and Trust
    Zhou Hao
    Management Review    2021, 33 (9): 187-197.  
    Abstract300)      PDF (1310KB)(248)      
    Employee voice behavior is the source of continuous improvement and innovation of the organization, and voice endorsement is the key to turning it from possibility to reality. This study is designed to examine the influence of guanxi, loyalty, and competence on voice endorsement, and the mediating role of affect- and cognition-based trust. The research based on the sample of 260 dyads of employees-immediate supervisors shows that guanxi, loyalty and competence have a positive effect on voice endorsement. Affect-based trust mediates the relationships between guanxi, loyalty and voice endorsement, whereas cognition-based trust mediates the influence of loyalty and competence on voice endorsement. Finally, the theoretical contributions, empirical implications and future directions are discussed.
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    The Premium Effect of the Handmade Products: Based on a Model of Multiple Mediators
    Liu Jianxin, Fan Xiucheng, Zhang Chenghu
    Management Review    2021, 33 (8): 171-184.  
    Abstract298)      PDF (1336KB)(105)      
    With the continuous innovation of production technology and the rapid development of production mode, the mechanized or intelligent production mode with higher efficiency, lower cost and stronger flexibility has held the dominant position, leaving the handmade mode on the edge of disuse. Both observations and researches show that consumers have different cognition and affect toward the products produced by the two production modes, and then have different feedback and purchase willingness. Unfortunately, existing researches hold that the more favor that the handmade products gain from consumers than the machine-made products derive from "love". Obviously this explanation falls short of justifiability and also involves cross-culture issue. In view of this, the research holds that, compared with machine-made products, handmade products are better able to arouse consumers' mental imagery, which evokes consumers' psychological ownership and psychological security and finally turn into the premium effect. Across 3 experiments, the findings indicate that (1) the handmade products generate more easily the premium effect than the machine-made products; (2) the premium effect of the handmade products derives from a mechanism of multiple mediators, for example, from mental imagery to psychological ownership and from mental imagery to psychological security. Meanwhile, traditional culture identity's alternative explanation is also eliminated effectively; (3) the cognitive resource will moderate the influence of the handmade products on mental imagery, which in turn influences psychological ownership and psychological security, and finally influences the premium effect of the handmade products. These conclusions have not only an important theoretical signification in deepening or improving such some important theories as the handmade effect, mental imagery, psychological ownership, psychological security and so on, but also an important managerial implication for manufacturees to change the production mode in order to promote sale of handmade products, and for consumers to rationally treat the handmade products.
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    Consumer Confidence and China's Macroeconomic Fluctuations Based on Mixed Frequency Data
    Jiang Wei, Li Yidie
    Management Review    2021, 33 (10): 90-102.  
    Abstract282)      PDF (1394KB)(77)      
    This paper introduces consumer confidence index into MIDAS, and investigates the influence of consumer confidence index on China's macroeconomic fluctuations under the new economic normal. Based on the monthly consumer confidence index, the export, the total retail sales volume of social consumers and the fixed asset investment, this paper predicts the quarterly GDP growth rate and reaches the following three conclusions. Firstly, according to the MIDAS that includes consumer confidence index, the prediction accuracy tends to be higher and the mean square residual ratio tends to be lower. Secondly, MIDAS with more variable is less volatile when consumer confidence index is included, so it can provide a more accurate reference range. Thirdly, compared with other variables, macroeconomy is more sensitive to the change of consumer confidence index.
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    Retrospect and Outlook of the Journey from a Follower to a Neck-to-neck Runner: The International Influence of Business Administration Research in China
    Zhao Xinyuan, Wu Gang, Wu Zhiang, Huang Bin, Wang Yu
    Management Review    2021, 33 (11): 13-27.  
    Abstract281)      PDF (7131KB)(266)      
    Accurately positioning Chinese business administration research status is critical to the scientific planning of future development strategy. Based on literatures published in UTD's list of top 24 journals from 2000 to 2019, the present paper systematically analyzes the dynamic progress of international publications at top-tier journals in the fields of business administration by scholars from China, and subsequently identifies the international status and influence of business administration research in China. Accordingly, the paper provides several suggestions for future planning and development of business administration research in China for the next five years and even a longer period of time.
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    The Evolution of Dynamic Capability Based on Strategic Orientation and Organizational Structure Interaction: A Case Study of Haier Group
    Lu Yanqiu, Song Chang, Wang Xiangyang
    Management Review    2021, 33 (9): 340-352.  
    Abstract277)      PDF (1703KB)(192)      
    Strategic orientation and organizational structure are crucial factors that affect the formation of dynamic capabilities, but most of the existing researches study dynamic capabilities from a single factor based on the perspective of capability. From the perspective of process, this paper selects Haier Group as the research object based on contingency theory, constructs a model of interaction between strategic orientation and organizational structure. Then the formation mechanism and evolution path of enterprise dynamic capabilities are summarized. The study finds that:(1) Due to the contradiction between the advancement of strategic orientation formulation and the lag of organizational structure adjustment, enterprise reform needs to experience the mismatch of the old organizational structure caused by the strategic orientation changes, which promotes organizational structure changes, and then the new organizational structure supports the new strategy and regulates the interactive process of its implementation; (2) The interaction between strategic orientation and organizational structure causes changes in the direction of organizational learning and the reconstruction of organizational resources and rights, thereby promoting the continuous evolution of dynamic capabilities; (3) The growth of enterprises will go through three different stages:scale expansion, technological innovation and sharing and opening, during which environmental changes will prompt changes in the focus of dynamic capabilities, forming the evolution path from organizational flexibility capabilities to innovation capabilities and then to ecological connection capabilities. Based on the local enterprises, this paper discusses the evolution mechanism of dynamic capabilities, which has certain practical enlightenment for local enterprises to cultivate dynamic capabilities.
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    Is It All about the Bottom Line? A Review and Prospects of Bottom-line Mentality Research in Organizational Management
    Zhan Xiaojun, Yang Wei, Lu Na
    Management Review    2021, 33 (8): 224-233.  
    Abstract274)      PDF (1312KB)(213)      
    Bottom-line mentality refers to one-dimensional thinking that revolves around securing bottom-line outcomes to the neglect of competing priorities. At present, the existing literature has made some progress, but there are few systematic review studies. This paper introduces the concept and measurement of bottom-line mentality, and then systematically analyzes and summarizes the antecedents, consequences and influence mechanisms of bottom-line mentality based on previous empirical studies, and then constructs an integrated analysis framework and puts forward some directions of future research. We find that most of the existing research mostly focuses on the impact of bottom-line mentality in the Western context, and pay little attention to its antecedents and the impact in the Chinese context. Therefore, the present paper proposes some directions for future research, including clarifying the connotation and characteristics of bottom-line mentality in Eastern contexts, optimizing the structural dimensions and measurement of bottom-line mentality, exploring more antecedents and consequences of bottom-line mentality, and extending multilevel consequences of bottom-line mentality. This paper provides an important reference for deepening the research and practice of the bottom-line mentality.
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    Visualizing the Landscape of Anti-monopoly Research in the Digital Economy——Based on a Bibliometric Method
    Ji Xu, Li Xuerong, Lin Chen, Lin Ping, Qiao Han
    Management Review    2021, 33 (10): 12-21.  
    Abstract270)      PDF (7065KB)(698)      
    In a digital era, an increasing number of emerging Internet platform companies have risen rapidly, profoundly changing the way the economy and society operate. While the platform economy is booming, governance concerns regarding platform competition and monopoly are increasing, calling researchers to re-examine the issue of anti-monopoly, which relates to various aspects such as fair market competition, enterprise innovation, and social public interests. In this paper, we conduct a bibliometric analysis of papers which research anti-monopoly issues from database in Web of Science and CNKI. Research history, current situation and trends of anti-monopoly issues are identified by descriptive statistics, keyword co-occurrence analysis and co-citation network analysis and other bibliometric methods. The results indicate that:(1) Domestic and foreign scholars mainly from economics and law have conducted comprehensive research on anti-monopoly. Among which, research from developed countries in Europe and the United States is prevailing, meanwhile, domestic research develops rapidly. (2) Early research focuses on the anti-monopoly impact at the macro level such as laws, industries, and policies. Afterwards, monopoly behaviors and antitrust cases have been further studied. Moreover, new research focuses such as bilateral market theory, market dominance, digital economy, and platform economy have emerged in recent years. (3) Difficulties and challenges still exist in anti-monopoly research. In the digital era, business model innovation keeps a fast speed, and artificial intelligence technologies make monopolistic behaviors difficult to identify, define, and analyze. There is also a gap between academic research and policy regime. This paper proposes a future research agenda and the promising research area, such as big data and anti-monopoly, related market definition, platform supervision, and competition policy design.
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    Digital Business Model Design:Multiple Case Studies of Enterprise's Digital Transformation and Business Model Innovation
    Qian Yu, Sun Xinbo
    Management Review    2021, 33 (11): 67-83.  
    Abstract240)      PDF (2110KB)(234)      
    Under the wave of digital economy, in the face of increasing integration between cross-border disruptors and technologies, traditional enterprises have to implement digital transformation. Although digital technology provides opportunities for enterprises to develop and adjust business models to achieve digital transformation, relevant researches focus only on the nature of digital transformation, without in-depth attention to changes in the business model architecture system in the digital context. The study uses multiple case studies to analyze 5 business models related to digitization in manufacturing companies, extracting 4 different types of digital business models, and then deconstruct digital business models into digital value proposition, digital value creation and digital value acquisition. After that, the design principles of digital business models are explained in detail. Finally, the dual attributes of business models are used to identify the innovative sources of digital business models.
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    A Study on Sustainable Supply Chain Governance Path from the Perspective of Resources and Capabilities——Based on a Case Study of Lenovo's Global Supply Chain
    Li Jingjing, Li Yongjian, Song Hua, Yao Bingqian
    Management Review    2021, 33 (9): 326-339.  
    Abstract239)      PDF (1664KB)(231)      
    Sustainable supply chain performance and competitive advantage are based on specific resources and capabilities of organizations. Existing literature seldom explores the path evolution and dynamic process of ustainable supply chain's governance from the perspective of resources and capabilities. Taking Lenovo's global supply chain as the object, this study conducts a case study using the Resource Orchestration Theory and Relational View. Data shows the sustainable supply chain governance experiences three stages:the first is the core enterprise governance, the second is the supply chain members governance and the third is the supply chain ecosystem governance. Each stage follows the process of governance motivation-governance mechanism-governance effect. The internal and external resources and capabilities of core enterprise play the role of a foundation for governance. The governance mechanism, which comprises resources reorganization, capability reconstruction and value creation, exerts a governance effect with positive feedback, and gradually realizes sustainable governance goal from the inside out. In this paper, the governance path reflects the capability transformation from commitment, via connection and to consistency of Social Resource-based View. The results may have important reference value and management insights for improving the market competitiveness of Chinese enterprises and their supply chains through sustainable governance.
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    A Survey and Comment on the Work of Nobel Prize Winner in Economic Sciences in 2021
    Hu Yi, Ma Jian
    Management Review    2021, 33 (10): 3-11.  
    Abstract225)      PDF (1274KB)(201)      
    The 2021 Nobel Prize in Economic Science was awarded to three American economists, namely David Card, Joshua Angrist and Guido Imbens. Among them, the reason for Card won the prize for his "contribution to empirical research on labor economics". Angrist and Imbens won the award for their "methodological contribution to causality analysis". This paper attempts to sort out and summarize the research work of the three winners, and discuss what enlightenment and inspiration can be gained from of their research to guide the research on labor economics and causal inference theory in China.
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    The Effect of Trade Policies on Industry-level Wage Changes in China from Tariffs and Exchange Rates Perspectives
    Pan Wenqing, Chen Jiaying
    Management Review    2021, 33 (9): 3-15.  
    Abstract221)      PDF (1342KB)(198)      
    This paper mainly examines the effects of changes in China's tariffs after the accession to the World Trade Organization at the end of 2001 and in exchange rates after the reform of the RMB exchange rate in 2006 on industry-level wages. Based on the FKV model of Fujita et al. and by introducing trade cost and industry aggregation factors, this paper empirically analyzes the impact of trade policy on China's industry-level wages distribution by adopting panel data of 19 industries in China's 31 provinces from 2003 to 2016. The study finds that the reduction in tariffs after China's accession to the WTO increases China's industry-level wages and the appreciation of the RMB real exchange rate after the reform of the exchange rate pricing mechanism decreases China's industry-level wages. The interactions of tariffs and exchange rates with the level of industrial agglomeration do not have a significant impact on the industry-level wages, but the effects of changes in China's tariffs and exchange rates on the industry-level wages are related to two types of industrial characteristics, i.e., monopoly and high-technology, and are related to three types of regional characteristics, i.e., the level of regional education, infrastructure construction and trade openness.
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    Deposit Insurance System, Risk-taking and Bank Performance——From the Perspective of Risk Transfer
    Wang Xiaobo, Liu Wei, Xin Feifei
    Management Review    2021, 33 (8): 3-16.  
    Abstract218)      PDF (1271KB)(140)      
    In terms of commercial bank risk transfer, the bank shareholders, depositors and creditors would lead to moral hazard behaviors due to deposit insurance system. But existing literature has not fully given attention to this subject. This paper selects 289 banks in 17 countries of Euro-zone from 2000 to 2015 for the research. The research framework consists of bank shareholders, depositors and creditors, combines the change of deposit insurance system in times of crisis, and uses the dynamic panel regression method (GMM) to test the relationship between risk-taking and the bank performance under deposit insurance system. The results show,that:(1) the Euro-zone banks have the behavior of transferring risk to creditors. During the time of crisis, the behavior of government guarantee could strengthen the market expectation of implicit guarantee. (2) Also due to the weakening of risk constraint over shareholders, creditors are willing to put up with risks. (3) The improvement of deposit insurance system has no significant influence on bank performance. (4) In terms of countries implementing government guarantee in the crisis, there is significant positive correlation between the ratio of non-deposit debt and the shareholder returns. The behavior of government could improve the return of bank shareholders on investment through reducing its return on capital, which also reflects the weakening price constraint over banks by non-deposit creditors. Based on the research findings, we expand the research area of deposit insurance system on commercial banks' moral hazard. It could help to identify risk-taking behavioral logicality of the market participants under deposit insurance system. And it also has important practical significance for establishing improved deposit insurance system and developing more targeted risk-control strategies in China.
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    The Typology of Digital Transformation Strategies and the Choice of Transformation Modes of Traditional Firm
    Wang Yonggui, Wang Linlin
    Management Review    2021, 33 (11): 84-93.  
    Abstract218)      PDF (1312KB)(194)      
    The choice of digital transformation strategies and transformation modes are the core issues of the research on firms' digital transformation. However, the digital transformation practice of traditional firms is not optimistic since the majority of firms' transformation fails to achieve expected results. Thus how to choose a digital transformation strategy and a digital transformation mode is still an unsolved important problem in both the theoretical research and the practice of traditional firms' digital transformation. This paper innovatively identifies the typology of traditional firms' digital transformation strategies, and then analyzes the selection of firms' digital transformation strategies and transformation modes from the perspective of strategy and mode matching. Specifically, this paper divides traditional firms' digital transformation strategy into four strategies-change-dependent, ecological-oriented, business-oriented and technology-oriented -by proposing two key dimensions, i.e., digital resource input and organizational adaptability. On this basis, this paper develops a new process model for matching traditional firms' digital transformation strategy and transformation mode, which provides valuable insights to the literature and the practice.
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    The Impact of Self-serving Leadership on Employees' Deviant Behavior: A Cognitive and Affective Dual-Pathway Model
    Zhou Fangfang, Lu Lu, Zhang Yajun, Zhang Junwei
    Management Review    2021, 33 (7): 237-248.  
    Abstract212)      PDF (1352KB)(241)      
    In enterprises, leaders sometimes are involved in corruption by using company's resources for their own benefit. We define such leaders who place their own well-being and interests above both their followers' needs and the goals of the organization as self-serving leadership. Though researchers have examined the negative influences of self-serving leadership on groups and employees, we still know little about how self-serving leadership impacts subordinates' behavior. Drawing on cognitive-affective processing system framework, the current study propose a dual-pathway model that self-serving leadership influences subordinates' deviant behavior, and examines the mediating effects of moral disengagement and anger emotion, as well as the moderating effect of justice sensitivity. We use HLM to analyze data collected from 444 employees of 75 groups. Results show that self-serving leadership positively influences subordinates' organizational and interpersonal deviance behavior through the mediating effects of moral disengagement and anger. Justice sensitivity moderates these indirect effects, such that when justice sensitivity is high, the indirect effect is stronger. Our study extends the research on the outcomes of self-serving leadership and reveals the process mechanisms through which self-serving leadership influences subordinates' deviant behavior, as well as the boundary conditions.
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    A Grounded-theory-based Study of Customer Offline Experience in the Context of E-Retailing
    Lu Tingyu, Zhuang Guijun
    Management Review    2021, 33 (7): 190-202.  
    Abstract212)      PDF (1396KB)(282)      
    Adopting a grounded-theory approach and based on the customers' words on their offline experiences for e-retailing, this paper explores the meaning, antecedents and consequences of customer offline experience in this exclusive context and constructs a model of customer offline experience for e-retailing. It is found that first, customer perceived product uncertainty, including quality, fit and preference uncertainty, plays a key and direct role in the model. Second, customer perceived uncertainty mediates the impact of product factors, channel factors and customer personal factors on customer offline experience. Third, the consequences include buying behaviors and post-purchase behaviors. In addition, environmental factors may have direct impact on customer offline experience. The paper finally discusses the theoretical and practical significance of the results, and points out some limitations of the present study and directions for future studies.
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    A Research of Developing Humble Leadership Scale in Chinese Context
    Feng Jingming, Liu Shanshi, Wu Weijiong
    Management Review    2021, 33 (9): 211-223.  
    Abstract207)      PDF (1485KB)(229)      
    As business environment changes rapidly, traditional leaders' wishes about "leading at the top of pyramid" are more and more difficult to fulfill. On the contrary, the "bottom-up" humble leadership conforms to the requirement of the time. Although the Western researchers put forward the concept of humble leadership, it always fails to apply in China due to its poor structural validity. Therefore, this research plans to develop a scale of Chinese humble leadership, which will help to fill in such research gap. First, based on the theory of humility and Chinese culture and thoughts, this research deduces the dimensions and construct of Chinese humble leadership. Second, we use qualitative research method to form initial scale. Third, according to the pre-survey, we analyze and modify the initial scale, and then finally generate the formal scale. At last, we examine the criterion-related validity of the new scale. This research successfully develops a three-dimension scale with 19 items, and finds that the Chinese scale can measure the true humility. Besides, the Chinese scale has a better structural validity than the Western scale.
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    Relationship between Future Work Self Salience and Feedback Seeking Behavior: The Impact of Transformational Leadership and Work Engagement
    Lin Xinqi, Xu Yangyang
    Management Review    2021, 33 (7): 216-226.  
    Abstract206)      PDF (1624KB)(225)      
    From the perspective of resource conservation theory, this paper explores the mechanism and boundary condition of future work self salience and feedback seeking behavior in order to verify the mediating role of job engagement and the two-stage moderating role of transformational leadership in the model. Using confirmatory factor analysis, hierarchical regression and moderated-mediation effect test, the model is validated by 255 sample data. The results show that future work self salience has a positive effect on feedback seeking behavior, future work self salience indirectly influences feedback seeking behavior through work engagement, transformational leadership has a magnifying effect in the process of future work self salience affect feedback seeking behavior through work engagement. Finally, based on the conclusions of the study, we propose a potential direction for companies to increase feedback seeking behavior.
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    The Influence of Economic and Technological Development Zone on the Adjustment of Industrial Structure
    Dong Jichang, Hou Jieqiong, Zhang Qi
    Management Review    2021, 33 (9): 16-24.  
    Abstract206)      PDF (1548KB)(151)      
    Industrial structure adjustment is the only way for rapid development of emerging economies. One of the important measures is the establishment of economic and technological development zones. This paper takes 12 eastern cities established or upgraded as China National Economic and Technological Development Zone in 2010 as research objects, and 37 eastern cities that have not established economic and technological development zones as control groups. Using the difference-in-difference model, we find that the construction of the national economic and technological development zone plays a significant positive role in the adjustment of the industrial structure of the city. In order to solve the endogenous problem, a propensity score matching method is adopted to reselect the experimental group and the control group and then a regression analysis is made. It is found that the above conclusions are still tenable, proving that after the economy entered the new normal, the economic technology development zone still play a leading role in the upgrading and optimizing of industrial structure.
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