Game analysis on enterprise technological innovation

In 21^st century, the world economy has developed to a brand-new stage, and enterprises competition has formed a new trend. At the same time, technological innovation has already become the most important foundation of the core enterprise competitiveness. In China, there are more than 22 million enterprises with different scales. Although they contribute a lot to the economic development of China, their survival and development meet gigantic challenges in the intense international competition. Therefore, it is vitally significant seeks the impulse of technological innovation and enhances the international competitiveness in order that the enterprise can make the new contribution to Chinese economic development. Through describing the present enterprises＇ scale, quantity and contribution, this paper puts forward the game question of studying technological innovation motives and costs in enterprises with different scales. Based on examples, it analyzes advantages and disadvantages of large, medium and small-sized enterprises to take technological innovation, finds out i.he Nash equilibrium between static games and infinitely repeated games, and draws the conclusion that technological innovation is necessary for medium and small-sized enterprises keeping their existence in drastic competitive market, and the large innovation is the great impulse pushing economic development. In the drastic international competition, it is very urgent for enterprises with different scales to establish and implement effective development strategy of technological innovation. The paper not only brings forward that large, medium and small-sized enterprises should adopt co-petition strategies in technological area, associating complementary and benefit from each other in order that they can achieve innovative corporation, specialization, formalization and standardization, but considers the associated innovation with win-win target. The inevitable best choice keeping different scale enterprises continually develop in the future.     

China＇s New Economy： An Innovation Perspective

With the globalization of economy, innovation has become the prerequisite for enterprises to keep pace with the times and to survive. Starting from an analysis of U.S.New Economy, the paper argues that innovation is undoubtedly the outcome of social economic development. The innovation of china＇s economy calls for the removal of conceptual, cultural and SYStematic constrains, while there will be a great test for people to accept, bear and adapt to innovation.     

Understanding Failure in International Retailing： An Institutional Framework for Future Investigation

The move from domestic market to one that includes major retailers. Whiles prior research acknowledged differences international firms is not proving an easy task for between country environments and stressed the importance of addressing these differences in order to avoid the dangers and failures inherent in internationalisation, there is still lack of suitable framework that captures the effects of the institutional environment on failure in international retailing. The purpose of this paper is to introduce institutional theory as a complementary framework to explain failure in international retailing and suggest propositions for further research. The paper seeks to answer the research question： What are the factors in the institutional environment of a host country that affect failure in international retailing？ Consequently, the objective of this paper is threefold： （1） to introduce institutional theory as alternative theoretical framework to conceptualise failure in international retailing; （2） to identify institutional factors that exert pressures on the operational activities of international retailers in foreign markets and which leads to failure; （3） to provide some research propositions for further investigation. This paper offers several contributions. First, we extend current theories in international business, particularly, the literature on retail internationalisation and institutional theory by exploring pressures and difficulties that international retailers face in a new host institutional environment. Second, we identify a set of institutional factors that exert pressures on international retailers in foreign markets that lead to failure. Finally, with the institutional approach, this study fills the gap in earlier works by developing a complementary framework along with 11 propositions for future research. One major limitation of this paper is that it is conceptual; hence, further empirical analysis is needed to test the suggested propositions.     

internationalization Strategies for China＇s Construction Enterprises

China＇s accession to WTO brings about fresh opportunities for China＇s contractors to further participate in the international contracting market. Meanwhile, China＇s local market will also further be opened up to the external contractors. That means the competition will be fiercer. In comparison with their foreign counterparts, China＇s construction enterprises have comparatively low competitive ability. Therefore, the author tries to analyze the influence factors that prevent the development of China＇s construction enterprises. And then a number of strategic measures have been discussed in this paper in order to strengthen the core competence of the enterprises, such as talents recruiting, capital management, cost control, innovation of management means and strengthening cooperation and recombination, etc.     

Enhancing China＇s Innovation Performance： The Policy Choices

Transforming China into an innovation-driven economy has been one of the top priorities of the Chinese Government. This paper examines the policy choices involved in the extended national innovation performance framework for creating an open innovation system. Innovation capabilities, incentives and institutional frameworks are examined. The paper argues that China should continue to increase its investment in R ＆D and in education, and that there should also be an attempt to strengthen the incentive system at the macro, meso and micro levels. This strengthening may include reforms to： release the power of competition and guide resources towards innovative sectors; adopt appropriate human resource management, such as appraisal and remuneration systems; create effective policies for research funding management; and evaluate the efficiency of research to encourage the creativity of researchers, managers and employees. The paper also discusses the space for industrial policy in the 21st century.     

Effects of Social Capital,Top Executive Attributes and R＆D on Firm Value in Chinese Small and Medium-sized Enterprises

This study uses an unbalanced panel data analysis to examine the effects of social capital, top executive attributes and R ＆D on firm value in Chinese small and medium-sized enterprises （SMEs） listed on the Shenzhen Stock Exchange Small and Medium-sized Enterprises Board from 2007 to 2011. There are several interesting findings. First, the gender （male） and academic degree of the chairperson in the SMEs have a positive and significant effect on firm value. Second, social capital （measured by politieal connections, managerial business association networks and technology association networks） and R＆D have a positive effect on SME firm value. Third, the effect of politieal connections on firm value for state-owned enterprises （SOEs） is stronger than for non-SOEs, while the effect of business and technology networks on firm value for non-SOEs is stronger than for SOEs. Our study has important policy implications for SMEs that want to compete successfully in China.     

Role of Institutional Quality in Determining the R＆D Investment of Chinese Firms

This study adds to the understanding of China ＂s innovation prospects by examining how variations in institutional quality within China impact on the R ＆D efforts of firms located in different provincial regions. In the process of identifying the effect of institutional quality, the roles of other factors such as ownership types and market structures are revealed, which provides interesting insight into firms ＂ R＆D behavior. The key findings suggest that institutional quality positively affects the decision offirms to engage in R＆D activities. Once firms start to engage in R ＆D, the subsequent expansion of firm-level R ＆D intensity depends on factors such as market structure. Therefore, strengthening domestic institutional quality is the first critical step towards the goal of building a knowledge-intensive economy in China. Efforts to nurture market development are also important for achieving this goal.     

From State to State: Quasi-privatization and Firm Performance

This paper uses a sample of Chinese listed companies whose controlling shareholders have changed from government agencies to state-owned enterprises＇ （SOEs）, to examine whether reducing government intervention while maintaining government＇s ultimate control could improve firm performance. The results show that the overall performance of these firms improves after the transfer of their controlling shareholders, due to improvements in both operating and non-operating performance. When we separate all samples into solely SOEs and other SOEs based on the controlling shareholder, we find that operating performance improved significantly in the solely SOE group, whereas non-operating performance improved significantly in the SOE group. In addition, we identify sources of performance improvement from two perspectives： corporate governance and related party transactions. The results imply that the Chinese Government should continue to decentralize control and, at the same time, continue to monitor firm operating efficiency.     

SOEs Open to Forgein Private Investors

Foreign and Chinese private investors will be able to invest in state-owned enterprises in Beijing, according to an announcement from the capital's municipal government.The city has selected 104 well-performing state-owned industrial companies to attract both foreign and domestic private investors to help regroup the SOEs in a bid to further the reform of its state sector.The move aims to gradually withdraw state capital from certain industries, boosting investment into the state     

Innovation or Rent-seeking： The Entrepreneurial Behavior during China＇s Economic Transformation

Although achieving impressive economic growth during the economic reform period, China has been plagued by rampant corruption and a widening income gap. How can the coexistence of these two phenomena be explained？ In this paper, we argue that before 1994, the coexistence was induced by a series of expediential institutional arrangements to stimulate entrepreneurial activities and after 1994, it was entrenched because of the slow progress in the overall reform toward becoming a market economy and because of inappropriate government actions and the lack of government action in institutional building. To solve these problems, economic and political reforms need to be accelerated to improve market institutions and to establish the rule of law.     

知识资本、吸收能力与产业创新绩效的影响研究——来自高技术产业分行业数据的实证检验

In the study of the influence of knowledge capital on the performance of industry innovation , based on the perspective of absorptive capacity, this paper use the panel data of high-tech industry in 2003-2014 to make an empirical analysis. This result shows that knowledge capital has a significant effect on the performance of industrial innovation, but the ability to absorb knowledge is not prominent. From the perspective of composition of knowledge capital, R&D capital and R&D human capital play positive roles in promoting innovation performance; About different dimensions of absorptive capacity, both potential absorptive capacity and actual absorptive capacity can promote innovation performance，but the ability to absorb knowledge is lower，higher R&D intensity has a significant competitive advantage for innovation performance, R&D institutions help to enhance absorptive capacity. The research has an exploratory effect on how to improve the efficiency of knowledge capital is to be absorbed and transformed to improve the performance of innovation.     

Viability and the Development of China＇s Capital Markets

The paper analyzes the abnormal phenomena in China‘s capital markets and provides a critical review of the existing hypotheses about the phenomena. The paper argues that thelack of “viability” among most of the listed SOEs is the primary cause of the problems in China‘s capital markets. The paper also applies a consistent framework to analyze the relationship among viability, SOEs and the capital markets, and makes some policy proposals for improving China‘s capital markets.     

Brazilian Micro-enterprises＇ An Exploratory Study on Marketing Strategies

This article aims to present the main marketing concepts applied by Brazilian micro-enterprises within a brief contextualization of a marketing plan. The methodology involved qualitative research development applied at the Trianon Fair, traditional event on Sundays on the sidewalks of the AvenidaPaulista in the city of Silo Paulo. Another research was carried out involving non-probabilistic sample with micro-businesses from various segments in the city that were chosen for their accessibility. From the results, product characteristics were elaborated, pricing, and distribution, that compose the application analyses of the marketing tools for micro-businesses and theoretical evolution have stemmed from the bibliographical research as well as field research and observational studies by the authors of the article. The goal is not to exhaust the topic nor to construct a Marketing Plan, but rather to contribute to the discussion, learning, and use of a marketing mix in the segment of micro-enterprises in a more assertive manner. It was concluded that there is no doubt as to the importance of micro-enterprises for any country. His contribution lies mainly in optical innovation and creativity because these companies can test new models of work, management, products, and services. It should be noted that micro-enterprises are greatly responsible for job generation in our country, denoting their prominent social and ecological perspective. More than a transient way of earning money, the reality of micro-enterprises should be considered as a social and economic phenomenon capable of generating regional and, consequently, global growth.     

RMB Internationalization and Its Implications for Financial and Monetary Cooperation in East Asia

This paper emphasizes the importance of the denomination of financial assets rather than trade invoicing as a long-term determinant of an international currency. China needs to liberalize and open its financial system and make the RMB fully convertible, and to adopt a moreflexible exchange rate system to speed up its currency internationalization, for which China could follow either a global or regional approach. The global approach is a riskier and more unpredictable strategy because it would demand a scope and timeframe of financial liberalization that is likely to be beyond China＇s institutional capacity over the coming decade. There are two options that could be taken in following the regional approach. One is creating an ASEAN＋ New 3 （the Chinese Mainland, Hong Kong, and Taiwan） RMB bloc and the other is liberalizing China＇s financial industries and internationalizing the RMB by playing a leading role in East Asia＇s economic integration within the framework of ASEAN＋ 3, This paper concludes that the latter is a more realistic and effective approach for China.     

China’s Corporate Governance and Reforms

I. IntroductionSince 1978, China’s economic reforms have called for an incentive mechanism to beincorporated in the state-owned enterprises (SOEs), while the reforms have demonstratedconsiderable success. In the early 1990s, the Chinese government took further steps andbegan to list SOEs on stock exchanges to raise external capital and improve their efficiency.Corporate governance still remains an important issue in China as shown by the largenumber of corporate failures and scandals in r…     

Creativity and Innovation as Strategic Resources in International Business Markets

This study focuses on Medium-Sized Multinationals （MSMs） that belong to the sectors of mechanics and electronics, and that operate in dynamic international business markets. This work aims to investigate how international marketing strategies are based and maybe in some cases actually heavily dependent on the capacity to form and enhance skills in design, engineering, and production activities, and on the propensity to invest more resources in research and development （R＆D） activities as well as in activities that are more strictly speaking production based （manufacturing）. Undoubtedly, in a global and dynamic business, creative knowledge is one of the key resources that firms must possess in order to take up international strategies successfully. Creativity and innovation are strategic resources for all firms, including those of a medium size and even more for those that belong to the so-called ＂traditional sectors＂. This study also has the objective of examining the influence of the structure and composition of a technological MSMs international alliance portfolio in order to understand which forms of international collaboration are more opportunities for firms that aspire to increasing their know-how and taking up new and more sophisticated forms of exploratory innovation. The present work highlights the results of an empirical research that were carried out during the years 2000-2009. The research involved more than 80 firms of the mechanical and electronics department in the Marche region in Italy.     

State Fragmentation and Rights Contestation： Rural Land Development Rights in China

The functionalist reasoning of institutional changes builds on individual rationality and explains institutional changes from the demand side. While insightful, a comprehensive understanding also needs to take into account the supply side, The state, as the ultimate supplier of institutional changes, plays the pivotal role of agency; therefore, its willingness and ability decide how such regime change occurs and what partieular form the new regime takes. Since the mid-1990s, the Chinese economy has embarked on a path of rapid industrialization and urbanization. The contestation over rural land development rights in China offers an excellent case to illuminate the importance of state agency in institutional changes. Drawing on case studies in China＇s three major urbanizing regions, this article analyzes how villages brought their own land directly to the land market and reaped handsome profits. We argue that the three successful cases, Nanhai in Guangdong, Kunshan in Jiangsu and Zhenggezhuang in Beijing, all represent a product of active agency on the supply side. The Chinese state＇s fragmented authority provides a favorable institutional environment for such changes.     

Experience of design management in Taiwan

Design management is one kind of strategic not only as the behavior of enterprise but also as the strategy of government. An area, and even a country needs to establish its own brand value and establish the whole excellent image of all products and all enterprises in this economic region to enhance the competitive ability in this region. In this aspect, the successful experience of design management in Chinese Taiwan area should be the model. The design strategy in Taiwan is a sort of long-range program made by region government. It promoted production style from OEM （Original Equipment Manufacture） to ODM （Original Design Manufacture） and from ODM to OBM （Original Brand Manufacture）. The whole process includes three five-year plans for improving product quality, design and brand. It proposed ＂the innovation value＂ which was the explicit region image and promoted fruitful design-popularizing and design-communion.     

Study on Chinese Trade Union Enterprises Management System Innovation

Although the reform of the system management of Chinese Trade Union Enterprises has made great progress, there are still many factors that are unsuitable for the rules of market economy and go against the long-term development of the Trade Union Enterprises. This paper proposes the innovation of the notion and theory and clarifies the target of the management of Chinese Trade Union Enterprises. Moreover,＇ for the system innovation of the trade union enterprises, the author gives suggestions on establishing and developing the artificial person management construction gradually, push forward the reform of the trade union enterprises, to establish the sound promotion and restriction mechanism, and cultivate the enterprisers of the trade union enterprises.     

Are China‘s Trade Policies Effective？

I. IntroductionSince economic reform and an opening-up in 1978, the Chinese government has decentralized its state-owned enterprises (SOEs) system in the centrally planned economy. The separation of government administration and enterprise management is moving China toward a market-oriented economy, forcing Chinese enterprises to become more competitive and more efficient. Market forces of supply and demand are intended to govern firms' industrial production, which is no longer subject to government planning and control.