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    Identification and Development of Organizational Value Proposition in Digitalization——Lessons from the Work WeChat Case Study
    Chen Chunhua, Mei Liang, Yin Jun
    Management Review    2021, 33 (1): 330-339.  
    Abstract277)      PDF (1653KB)(513)      
    The digitalization drives the boundary extension of traditional organizations and guides organizations to interact and collaborate with clients and other stakeholders in a wider range. As a bridge that connects the focal corporate and customer for value co-creation, the identification and development of corporate value propositions are regarded important both from researches and practices. This paper takes the case of Work WeChat organization of China's leading high-tech enterprise Tencent, extends the content analysis and coding on the interview data of internal and external personnel of the Work WeChat, and systematically explains the identification and development process of the value proposition of Work WeChat. The research findings indicate that:three streams of literature explain the connotation of corporate value proposition, involving the perspective of focal firm's unique value, the perspective of relationship between focal firm and customers, and the value portfolio perspective between focal firm and stakeholders; in addition, the identification and development corporate value proposition can be embedded in a process-based framework "All Benefits-Favorable Points of Difference-Resonating focus of Value Combination". The research contributes to the concept and development process of corporate value proposition, and provides implications for the practice of corporate value proposition in the digital context.
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    IPO “Hot Issue” and Venture Capital Investment Cycles: Causes and Consequences
    Chen Chuang, Xiao Min, Cao Yuxiu, Wen Hai
    Management Review    2020, 32 (11): 3-18.  
    Abstract247)      PDF (1682KB)(157)      
    High correlation between venture capital investment cycles and the shifts of “hot” and “clod” IPO markets has received much attention. Taking the quasi-natural experiment provided by Chinese unique institution as research scenario, this study examines the causes and consequences of the association between venture capital and stock market. We find that there is a significantly positive association between IPO “hot issue” and venture capital investment cycles. The mechanism that consistently explains the correlation is VCs' perception about liquidity risk of IPO exit, rather than VCs' response to attractive investment opportunities signal provided by public market. In terms of consequences, we do not find evidence that the venture capital investments made during “hot” IPO market foster more early-stage firms or inspire innovation.
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    The Effect of Online Shopping Festival Promotion Strategies on Consumer Participation Intention and the Moderating Role of Personal Characteristics
    Chen Chuanhong, Li Xueyan
    Management Review    2021, 33 (3): 159-169.  
    Abstract212)      PDF (1344KB)(244)      
    Online shopping festivals are characterized by gathering promotions to create a consumer shopping atmosphere. Exploring how environmental stimuli affects consumers' participation intention is beneficial for e-commerce platforms and merchants to improve their online shopping festival marketing strategies. This study conceptualizes the stimuli of online shopping festivals from four dimensions:perceived temptation of sales promotion, categories richness of promotion, fun of sales activities and perceived contagiousness of mass participation. Based on the Stimulus-Organism-Response (S-O-R) theory, this study constructs an influencing factors model of consumer participation intention in online shopping festival based on a 495-questionnaire survey of young people, and uses structural equation model for hypotheses testing. The results show that perceived temptation of sales promotion, perceived categories richness of promotion, perceived contagiousness of mass participation and perceived fun of sales activities positively affect participation intention, and consumers' gender, age and monthly income play a moderator role in the impact of environmental stimuli on participation intention.
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    Does Perceived Overqualification Inspire Employee Voice?——Based on the Lens of Fairness Heuristic
    Zhou Ye, Huang Xu, Xie Wujie
    Management Review    2020, 32 (12): 192-203.  
    Abstract191)      PDF (1248KB)(155)      
    Although scholars start to pay attention to positive influence of perceived overqualification in recent years, researches in this regards are far from enough. Based on fairness heuristic theory, the present paper tries to explore positive influence of perceived overqualification on employee voice, and assumes that perceived overqualification and employee voice have a negative relationship when interactive justice is low, but high-interactive justice may stimulate overqualified employee to choose voice. Furthermore, this study discovers that employee's tenure alleviates the moderating effect of interactive justice, indicating that the positive effect of perceived overqualification on employee voice is the strongest when interactive justice is high and tenure is short. To test the hypotheses, we collect a two-wave field data from 256 bank tellers of 47 groups, and the model is supported by observed data. This study's finding inspires managers to create a fair organizational atmosphere to stimulate the initiative of employees with overqualification, and provides ideas for enterprises to deal with the problem of overqualification.
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    Do Security Companies Going Public Improve the Market Performance of IPO Enterprises?
    Wang Huacheng, Chen Zhanliao, Ouyang Caiyue, Wang Xin
    Management Review    2021, 33 (3): 3-13.  
    Abstract166)      PDF (1204KB)(176)      
    Security companies play an important role in the process of initial public offering in capital market. This paper studies whether security companies going public would affect the market performance of IPO enterprises. Taking advantage of the A-share IPO data from 2007 to 2016 and adopting the PSM+DID method, this paper finds that security companies going public indeed improve the market performance of IPO enterprises, as shown in lower underpricing rate, and higher buy and hold long-term yields (BHAR). In addition, this paper finds that the worse of the earnings quality of the pre-IPO enterprises, the higher the effect of improvement of market performance. Finally, this paper finds that compliance level and risk management ability are the two important channels that security companies going public improve the market performance of IPO enterprises. This paper enriches the literature on going public of financial intermediaries and the market performance of IPO enterprises. And these findings also have policy implications on regulatory authorities given that the financial industry in China is under deep reform.
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    A Twenty-five-year Review of WSR Methodology: Origin, Connotation, Comparison and Outlook
    Kou Xiaodong, Gu Jifa
    Management Review    2021, 33 (5): 3-14.  
    Abstract166)      PDF (1386KB)(283)      
    Since Wuli-Shili-Renli Systems Methodology (WSR) is to meet its 25-year birthday, the authors give a review of it from four aspects. Firstly, on origin of WSR, a new illumination of its starting point and evolution is put forward from three perspectives, i.e., difference and commonness, mainstream and anabranch, east and west. Secondly, on connotation of WSR, a comparatively complete analysis of its implication is offered from two phases, including primary phase and high-level phase. Thirdly, on comparison of WSR, methodologies such as TOP, CmCvAwAs, three order cybernetics and Shinayakana are compared to WSR to discover their similarities and commonness. Finally, on outlook of WSR, challenges and opportunities faced by it and key points of its future development are all suggested.
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    Stock Recommendations and Recommendations Change of Analysts and Market Response in China
    Wang Yutao, Wang Juxian, Zhao Yingxu
    Management Review    2021, 33 (2): 3-14.  
    Abstract162)      PDF (1294KB)(259)      
    This paper investigates the historical trend of stock recommendations and recommendations change issued by analysts in China and market response to them. It is found that in 2001-2013 there is an increasing proportion of optimistic ratings (i.e. “buy” and “strong buy”), with “buy” ratings accounting for a larger portion than “strong buy” ratings, analysts tend to change recommendations by upgrading them, and investors respond positively to optimistic ratings and upgrades. The findings imply that in the special situation of China's capital market, financial analysts are more likely to give optimistic ratings and upgrade them, and investors are also more likely to respond positively to optimistic ratings and upgrades.
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    The Impact of Bank Credit on Labor Allocation among Industries
    Chen Xuesheng, Ji Xiang
    Management Review    2020, 32 (12): 3-14.  
    Abstract162)      PDF (1226KB)(277)      
    Based on the perspective of labor force distribution, this paper provides some new empirical evidence for how financial factors affect real economic activities. First, this paper expounds the impact of industry output on labor force allocation from two paths:scale and efficiency. And then we further consider the direct and indirect effects of bank credit in the labor force allocation. The empirical results of China's 2003-2015 year industry panel data show that there is a positive and negative correlation between production scale and production efficiency and labor distribution. Bank credit will affect labor allocation among industries, and it will have a reinforcing effect on labor force distribution by means of scale and efficiency channels. Credit expansion can improve employment level and drive economic growth, but it is not conducive to the improvement of total factor productivity.
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    Impact of Unethical Corporate Behavior on Consumer Evaluation: Based on the Mediating Effect of Moral Decoupling and the Moderator Effect of Consumer Power
    Tian Min, Li Chunqing, Chen Yini, Tao Na, Lv Mei
    Management Review    2021, 33 (4): 180-192.  
    Abstract160)      PDF (1271KB)(200)      
    Unethical corporate behaviors cause not only harm to consumers but also negative impact on corporate brands. A meaningful way to facilitate corporate crisis management is to deeply analyze the impact of unethical corporate behavior on consumer, but existing researches do little in this regard. Through experimental research, this paper explores the impact from three aspects: The types of unethical corporate behavior, the influence mechanism of unethical behavior on consumers and the moderator effect of consumer power. Results show that: Firstly, unethical corporate behavior causes decline of the corporate performance evaluation, moral evaluation and brand evaluation. The higher the relevancy between the unethical corporate behavior and the product, the lower the consumers’ moral evaluation and brand evaluation. secondly, moral decoupling has a mediating role between unethical corporate behavior and consumer evaluation. Finally, consumer power has a significant moderator effect on mediating role, high-power consumers are more willing to evaluate the unethical corporate behavior through the moral decoupling mechanism, and the moral evaluation and brand evaluation of corporate are lower. The conclusions enrich the theoretical framework of CSR and provide strategic suggestions for preventing unethical corporate behavior and offsetting the negative effects of unethical corporate behavior.
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    An Empirical Research on the Influence of Inter-organizational Knowledge Sharing and Technology Learning on Production Performance of Energy Enterprises——Based on “Hall for Work Shop of Metasynthetic Engineering”
    Wang Shubin, Lu Quanying, Qiao Han
    Management Review    2020, 32 (12): 125-134.  
    Abstract158)      PDF (1260KB)(144)      
    Unconventional oil and gas development is a complex and systematic project with multi-subject participation and multi-engineering sequence. Relying on the development of modern digital oilfield technology and knowledge sharing among horizontal organizations of enterprises in the whole process of energy development can promote the reduction of uncertainty in the production process and the improvement of production quality. "How does knowledge sharing affect the production performance of energy enterprises" has become the focus of production management in the industry. However, the impact mechanism of knowledge sharing between energy enterprises participating in the production system on energy production performance is not clear, and there is no research experience that can be used for reference. Based on the consistency of the goal of value creation activities of energy enterprises and the learning curve theory, this paper applies the methodological framework of "Hall for Workshop of Metasynthetic Engineering, HWME" to explore the internal mechanism of how inter-organizational knowledge sharing influences the production performance of energy enterprises through the transmission of technology learning in the field of unconventional oil and gas production. Our findings show that:(1) inter-organization knowledge sharing has a significant positive effect on the production performance of energy firms; (2) technology learning plays a mediating role in the relationship between the inter-organization knowledge sharing and the production performance of energy firms; 3) Inter-organization knowledge sharing affects the productivity of an enterprise by technology cost and technical effect, and the mediating effect of technical effect is dominant.
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    Spatial Spillover Effects of Partner Assistance on Charitable Organizations' Information Disclosure: A Text Analysis Based on the Information Disclosure of Anti-epidemic Provisions
    Li Zhe, Tang Fujie, Yuan Chun, Hao Wenhan
    Management Review    2020, 32 (12): 263-272.  
    Abstract158)      PDF (1149KB)(109)      
    In the critical stage of fighting COVID-19, the partner assistance relationship of "each province supporting a city" provided effective assistance to the epidemic areas in Hubei province (other prefecture-level cities except Wuhan city, the same below). Advanced medical teams and resources as well as the emergency management experience of public crisis were brought from aid-providing areas to the aid-receiving areas. This paper researches the information disclosure of receiving and distributing anti-epidemic provisions by the charity organizations, and tests the spatial spillover effect of partner assistance on charitable organizations' information disclosure. It is found that during the period of partner assistance, the more timely and in more details anti-epidemic provisions are disclosed in the aid-providing areas, the more so it is in the aid-receiving areas, and vice versa. The supervision effect of media report and the demonstration effect of contact learning can both enhance the spatial spillover effect. The main findings are still significant after alternative measurement, correction of measurement error, elimination of historical inertia, consideration of Internet partner assistance and consideration of time series correlation. The empirical conclusion can help further understand the law of information disclosure of anti-epidemic funds and substances and promote the cross-regional collaborative governance mechanism of charitable organizations.
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    A Multilevel Research on the Relationship between Self-Sacrificial Leadership and Employee Innovation Behavior ——Multilevel Role of Creative Process Engagement and Team Trust
    Xu Zhenting, Luo Jinlian, Qu Yiying
    Management Review    2020, 32 (11): 184-195.  
    Abstract157)      PDF (1284KB)(148)      
    Ability to improve employee innovation behavior is a key factor that affects enterprise core competence. Numerous studies have shown that leadership behavior is an important factor in promoting employee innovation behavior. Based on this, by synthesizing theories of social information process and social learning, this paper illustrates the cross-level mechanisms of self-sacrificial leadership on employee innovation behavior. Using data gathered through a survey of 84 valid samples for research and development team in high-tech enterprises, we empirically test all the hypotheses. The results show that (1) self-sacrificial leadership has a significant positive influence on team trust, creative process engagement and employee innovation behavior. (2) Team trust and creative process engagement multilevel respectively play the multilevel mediating role in the relationship between self-sacrificial leadership and employee innovation behavior. (3) Team trust significantly moderate the relationships between process engagement and employee innovation behavior such that the higher team trust is, the stronger the positive relationship between the two will ber.
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    A Review of Gratitude Research in Organizational Management: A Multi-level Theoretical Model
    Guo Yirong, Song Jiwen, Zheng Xiaoming, Chen Limei
    Management Review    2021, 33 (1): 188-200.  
    Abstract154)      PDF (1859KB)(237)      
    In recent years, organizational scholars and practitioners have gradually realized the positive role of gratitude in management. However, given the relatively short research history in organizational management, relevant theories and empirical studies need to be enriched and improved urgently. Based on the existing researches, this paper specifies the concept, characteristics and measurement of gratitude, and reviews relevant literature on factors affecting gratitude at event, individual and organizational level. Further, this paper investigates the mechanism of gratitude based on the Amplification Theory of Gratitude, Broaden and Build Theory, Find-Remind-and-Bind Theory and Gratitude as A Moral Affect Perspective, and constructs a multi-level theoretical model of gratitude. Finally, concerning the limitations of the existing researches, this paper proposes six future research directions, specifically, to pay attention to the interpersonal interaction of gratitude, to examine the mechanisms and boundary factors related to gratitude, to broaden research on gratitude from different theoretical perspectives, to explore the spillover effect on gratitude, to enrich gratitude from different levels and domains, and to optimize the research methods of gratitude, in hope of promoting the research on gratitude in organizational management.
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    Interactive Effects of Knowledge Sharing Intention and Tacit Knowledge on Organizational Learning Performance
    Dong Jiamin, Liu Renjing, Yan Jie, Yang Jingyu
    Management Review    2021, 33 (2): 153-163.  
    Abstract151)      PDF (1558KB)(153)      
    Organizational learning has been regarded as a sustainable competitive advantage of an organization in the rapidly volatile environment. Taking into account the decline phenomena of organization members' knowledge sharing intentions, we extend Miller's (2006) multi-agent simulation to figure out how knowledge sharing intention and tacit knowledge influence the organizational performance within a closed or open system. The simulation results indicate that a slight decline of knowledge sharing intention makes almost no difference to organizational performance in a closed system, while a sharp decline would impede the interpersonal learning, which results in a lower performance. As to an open system with personnel turnover, turnover plays a negative role under the circumstance of a slight decline of knowledge sharing intention. However, an appropriate personnel turnover is beneficial to the organization with a sharp decline of knowledge sharing intention. Intriguingly, our findings indicate that the positive effect of tacit knowledge which was found by Miller (2006) only exists in the closed system with a slight decline of knowledge sharing intention, otherwise, the effects of the tacit knowledge can be negative. Finally, in an open system with environment turbulence, neither the decline of knowledge sharing intention nor the proportion of tacit knowledge is important to the organizational learning. So, it appears that organizations should pay more attention to acquiring external knowledge for achieving better performance.
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    Research on B2B Platform Strategy Based on Co-Evolution: Jingdong New Trade Case
    Cao Xin, Ouyang Taohua, Huang Jinsong, Qu Shen
    Management Review    2020, 32 (11): 308-320.  
    Abstract150)      PDF (1498KB)(445)      
    Focusing on the case of Jingdong New Trade, this paper examines the process and strategy of how brand, platform and retailer coevolve and develop the B2B platform based on the perspective of coevolution. The findings are as follows: 1) B2B platform is a typical bilateral trading platform and its development requires the coevolution of multiple participants, namely, the evolutions of the platform's operation mode, the brand's sales mode, and the retailer's procurement mode. 2) To develop B2B platform, the platform should possess certain key capabilities to drive the evolutions of brand and retailer. 3) Based on the difficulties of management and market development, strategies of coevolution can be classified into three types: openness, symbiotic and absorption. The platform can comprehensively utilize the three types of strategies to control the bilateral trading platform in different phases. This study develops a strategic model for the coevolution of multiple participants. The conclusion not only complements the theories related to B2B platforms and coevolution, but also provides guidelines for Chinese Internet companies to develop B2B e-commerce platforms.
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    Strategic Thinking and Measures on the Development of Business Administration Discipline
    Zhang Yuli, Wu Gang, Yang Jun, Xu Xin, Ran Lun, Lin Weipeng
    Management Review    2021, 33 (4): 3-11.  
    Abstract148)      PDF (1411KB)(488)      
    Synchronous with the progress of domestic industrial and commercial enterprises, economic development and the promotion of China’s international status, the construction of Business Administration Discipline has received extensive attention over the past five years, and the construction intensity has been significantly increased. We conduct a lot of research work as part of the NSFC Special Grants Practice, including a discipline strategy questionnaire survey to more than 1,000 domestic and overseas scholars and entrepreneurs. Our findings show that strong self-reflection under high attention is the consensus of scholars, while the misalignment between management theory of industrial society and corporate practice in the digital economy era is the problem commonly reported by entrepreneurs. This paper analyzes the problems that scholars and entrepreneurs pay close attention to, and puts forward some directional suggestions in order to make contributions to the healthy development of Business Administration Discipline.
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    Research on the Influence of Servant Leadership on the New Generation Employees' Work Passion
    Li Yan, Ge Xinquan
    Management Review    2020, 32 (11): 220-232.  
    Abstract147)      PDF (1399KB)(272)      
    With the arriving of the era of VUCA (volatile, uncertain, complex, ambiguous), the external environment of the enterprise has changed dramatically, and the individuals in the organization and their initiative and creativity have become the core elements. Meanwhile, the new generation employees, mainly those born in the 1980s and 1990s, have become the main force in various fields. When the organization faces both the external environment of VUCA and the employees of new generation within the organization, the challenges of human resource management in Chinese enterprises are fierce and complex. The new generation employees have unique characteristics of the era in such aspects as career development goals, personality preferences and work attitudes, especially in terms of work values and sources of work passion. The traditional leadership behavior patterns are facing challenges. In view of this, in this study, a sample of questionnaire survey with 458 employees of large multinational companies in China, the relationships between servant leadership style, work passion, as well as person-organization fit in management have been studied, the results showed: (1) Based on social cognitive theory analysis, servant leadership is positively related to the working passion of new generation employees; (2) Based on the analysis of social information processing theory, person-organization fit plays an intermediary role. The above research results fill the theoretical gap of the influence of servant leadership on the work passion of the new generation employees, and have practical significance and application value on how to stimulate the work passion of the new generation employees by improving the leadership style in daily management.
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    Study on the Growth Path, Corporate Strategy, and Management Tactics of Chinese Internet Enterprises
    Lou Runping, Li Bei, Qi Xiaomei
    Management Review    2021, 33 (1): 229-241.  
    Abstract147)      PDF (1516KB)(169)      
    This paper divides China's Internet enterprises into two types of growth, puts forward the corresponding growth path model, describes the growth curve of Internet enterprises, and divides them into S-type growth curve and platform-type growth curve. Each type of growth curve is composed of three periods, and the corresponding corporate strategy and management strategy framework are proposed and summarized for each period. Secondly, this paper selects the user data of Tencent QQ and WeChat, Alibaba Alipay, Qihoo 360 mobile phone guard, Jumei and Dangdang, and studies the growth curve of these six enterprises and products. The empirical test results show that the actual growth process meets the path model to a high degree. Finally, this paper takes Didi as an in-depth case study, and empirically studies Didi's growth path, corporate strategy and management tactics. The results of the case study verify the theoretical model proposed in this paper, and provide useful enlightenment.
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    The Impact of Emissions Trading on Pollution Reduction: Quasi-natural Experimental Analysis Based on Difference-in-differences Model
    Si Lijuan, Cao Haoyu
    Management Review    2020, 32 (12): 15-26.  
    Abstract146)      PDF (1185KB)(182)      
    In 2007, China launched a pilot policy on emissions trading in eleven provinces of the country, which provided a good quasi-natural experiment for studying the policy impact of emissions trading system on pollutants. Based on China's inter-provincial panel data from 2004 to 2017, this paper uses double differential and other methods to evaluate the effect of the pilot emissions trading policy on binding total pollutant control. The study finds that emissions trading has significant emission reduction effects on three types of binding total pollutants:sulfur dioxide, nitrogen oxygen and chemical oxygen demand, and the environmental impact of emissions trading is not disturbed by sewage charges and "two control zones"; In areas with higher regulatory intensity, emissions trading has a more obvious effect on the emission reduction of three types of pollutants. Hitherto, China's emissions trading pilot policy has achieved good results. It should further expand the scope and subject of transactions, narrow the differences between the level of technological and market development between regions, and speed up the construction of a unified national emissions trading market.
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    The Impact of Transactive Memory System on Team Performance——The Moderating Effect of Social Network and Social Identity
    Qu Gang, Wang Xiaoyu, Zhao Han
    Management Review    2020, 32 (12): 168-179.  
    Abstract146)      PDF (1192KB)(123)      
    Transactive memory system is helpful for team members to form an effective understanding of the team's knowledge distribution and play an important role in improving team performance. However, there are still few studies on the impact of social interaction and behavioral motivations of team members on transactive memory systems in the different stages of the team's task.
    This study introduces the method of social network structure in the context of nested social interactions and social identity theory used to study the individual behavior and collective behavior in the group, and the experimental investigation method is applied to 43 student teams. This paper analyzes the influence of interactive memory system on team performance under different time periods. The empirical process is used to test the effect of transactive memory system on team performance at different periods.
    The results show that:in the whole life cycle of the team's task, TMS positively influences team performance; the impact of TMS on team performance is negatively moderated by team social identity and positively moderated by team social network density; team social network centralization play a positive moderating role in the post-formation stage. This study reveals that the different roles of team network structure and social identity in the relationship between TMS and team performance in different periods and explores the role of TMS in different organizational structures and atmosphere.
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