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Background: The advent of Personalized Medicine (PM) holds significant promise in revolutionizing healthcare by tailoring treatments to individual patients based on their data. However, its successful implementation requires the seamless integration of innovative technologies and presents formidable challenges in terms of sustainability. To tackle these challenges head-on, the International Consortium for Personalized Medicine (ICPerMed) was established, and the IC2PerMed project, as part of this consortium, seeks to foster collaboration between the European Union (EU) and China in the field of Personalized Medicine. Based on the results collected by the project, the objective of this study is to discern the key priorities for the implementation of Personalised Medicine concerning Information and Communication Technologies (ICT) and Big Data and digital solutions, with a particular emphasis on data management and protection. Methods: A Delphi survey was conducted to gather expert's consensus on the main priorities for actions on Information and Communication Technologies (ICT) and Big Data and digital solutions in the field of Personalized Medicine. Results: The survey identified seven priorities in the area of Big Data and digital solutions, including data interoperability, standards, security measures, and international partnerships. Additionally, twelve priorities were identified for the innovation-to-market process, emphasizing cost-effectiveness, need assessment, and value definition in resource allocation. Conclusions: The effective implementation of new technologies in Personalized Medicine research and practice is essential for the advancement of healthcare systems in both the European and Chinese contexts. The identified priorities play a pivotal role in promoting the sustainability of health systems and driving innovation in the implementation of Personalized Medicine. Addressing challenges related to data interoperability, standards, security, international collaboration, cost-effectiveness, and value assessment is of utmost importance in order to propel the progress of Personalized Medicine in healthcare systems. [ABSTRACT FROM AUTHOR]

Electronic waste is always a big problem when it comes to the disposal of electronic appliances, and they pose a significant threat ecologically. New technology replaces the existing one, and the older one is discarded. Biodegradable electronics, as an emerging research area, gives viable solutions to the problem of E-waste. It mainly deals with the development of transient electronic devices, i.e., getting decomposed gradually or dissolvable in an eco-friendly way when their purpose has been achieved. This paper presents a scientometric analysis of the research in biodegradable electronics by employing a Scopus database of more than 1109 research articles, conference papers, review papers, and books published on this topic. This study is done over two decades of data from 2003 to 2023 on biodegradable electronics. It describes the trends and future of the research area using keyword analysis, citation network, and bibliometric tools. The study of the number of papers shows a 68%, 75%, and 55% increase in research articles, conference papers, and review documents in 2022. The country-wise contribution to the research shows that China, the USA, India, and South Korea are the major contributing nations. China is the most productive nation, with 297 publications. This paper reveals that the research area has increased the interest of researchers, and countries are collaborating to achieve sustainable development goals. The bibliometric analysis identifies various challenges to biodegradable electronics, such as degradation diversity, integration, fabrication and scalability. Based on these, the future aspects of biodegradable electronics are identified in organic bioelectronics, soft electronics, novel fabrication mechanisms, and Innovative chemistry for green electronics. This study will aid academia, researchers and government agencies in exploring biodegradable electronics with multifaceted society-wide applications. [ABSTRACT FROM AUTHOR]

The Guidelines on Building a Market-Oriented Green Technology Innovation System, which was released by China in 2019, has become a powerful signal to guide the development of green technology innovation (GTI). In the current digital strategy of China, the public media has become a key factor for promoting the transparency of enterprise environmental information. This paper measures the GTI efficiency of the listed paper enterprises in China as well as incorporating media attention into the research framework to explore the influencing factors of GTI of the listed paper enterprises in China during the digital economy era. The results showed that a positive media report had a positive impact on GTI and has become a new driving factor in promoting sustainable production in the digital era. Government support and openness also have a positive impact on GTI. However, negative media reports, environmental regulations, and technological innovation abilities have an inhibitory effect on the GTI efficiency of paper making enterprises. [ABSTRACT FROM AUTHOR]

The digital finance generated by technology empowerment profoundly affects the innovative behavior of micro-enterprises. To estimate how digital finance influences the quantity and quality of green technological innovation, this paper introduces digital finance into endogenous economic growth model and further conducts correlation analysis with the combination of fixed effects model (FE) and panel threshold model (PTM). Moreover, this paper investigates the action mechanism from the perspective of financial constraint and financial cost. The empirical results indicate that digital finance improves the quantity and quality of green technological innovation significantly. Compared with the coverage of digital finance and digital services, the impact of usage depth on green innovation accumulates dynamically superimposed in the long term. The digital finance contributes to correct the mismatch of financial resources and further induces inclusive green innovation in the dimension of ownership, growth cycle, and enterprise scale. Mechanism analysis shows that the relief of financial constraint, environmental information disclosure, and increase of R&D investment are the main paths for digital finance to drive green innovation. With the different thresholds, the dynamic evolution process of green innovation driven by digital finance is characterized by "first quantitative change and then qualitative change." This paper suggests that the integration of technological innovation and digital financial services needs to build an inclusive digital financial service system, cultivate diversified financial formats, and improve the market environment of digital financial services. [ABSTRACT FROM AUTHOR]

This paper tries to explain the economic significance of “pursuing green development and promoting harmony between humanity and nature” in the Report to the 20th National Congress of the Communist Party of China (CPC) from the following eight aspects. First, it explains how to respect, adapt to, and protect nature through the confirmation of ownership, valuation classification and incentive. Second, it analyzes why China should work actively toward the goals of peaking carbon emissions and achieving carbon neutrality from the new security concept, new challenges, new situations, and new tasks brought by the urgency and severity of climate change risks. Third, it expounds on the difficulty and complexity of addressing climate change from multiple aspects, such as the ratchet effect, Giddens’s paradox, prisoner’s dilemma, lock-in effect, asset stranding, intergenerational equity, and the Wandering Earth scenario. Fourth, it recognizes the importance of stability, overall planning, and coordination based on the overall planned and coordinated triangle of high-quality development, carbon neutrality, and energy security. Fifth, it emphasizes the importance of green and low-carbon technological innovation by means of the IPAS equation. Sixth, it explains the essence of carbon neutrality as the industrial transition based on the energy transition, which is an economic logic. Seventh, taking the carbon market as an example, it explains the economic principle that the market mechanism plays an important role. Eighth, it explains how finance empowers the goals of peaking carbon emissions and achieving carbon neutrality as well as high-quality development. Finally, this paper is of guiding significance for economics, finance, international trade, and policy research, and in the meantime, provides new research tasks. [ABSTRACT FROM AUTHOR]

Technological advances in tea production are critical to meet global demands for tea consumption. To illuminate differences in the scientific and commercial relevance of research programs between major tea-related research organizations around the world, we conducted a bibliometric analysis comparing the scientific outputs, including peer-reviewed publications and patents, of six major research organizations published between January 01, 2008 and July 11, 2020. For this competitive ranking analysis, we examined a number of papers, research topics, academic influence, capacity for development, capacity for collaboration, and capacity for technological innovation. Among the six research organizations, Anhui Agricultural University (in China) had the most publications, while the Chinese Academy of Agricultural Sciences, Tea Research Institute showed a higher capacity for development. The Council for Scientific and Industrial Research (in India) and the University of Shizuoka (Japan) both showed high academic influence, while the University of Shizuoka, Tea Research Association Tocklai and National Agriculture and Food Research Organization (Japan) showed a high capacity for collaboration. The Chinese Academy of Agricultural Sciences, Tea Research Institute applied for the most patents, while the Council for Scientific and Industrial Research applied for the most international patents. [ABSTRACT FROM AUTHOR]

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Green bonds, a new green financial instrument, encourage enterprises to achieve high-quality development through green technology innovation. However, a lack of research is currently being conducted into the effect of green bond issuance in China. Can green bonds effectively empower enterprises to green innovation? What is the underlying mechanism? In the context of carbon-neutral strategies, it is significant to answer these questions scientifically. This paper uses a quasi-natural experiment of the launch of the green bond market in China in 2016 to conduct empirical studies based on the panel data of 1 558 non-financial Chinese-listed enterprises from 2015 to 2020 with the multi-period difference-in-difference model. The results show that ① issuing green bonds can significantly empower enterprises' green technology innovation. The empowering effect is mainly for green utility patents rather than green invention patents. This result remains after dynamic heterogeneity analysis, placebo test, and other tests. In addition, the effect has a lag. ② Heterogeneity tests show that this empowerment effect varies across enterprises with different property rights, industries, and regions. ③ In terms of the mechanism of action, green bonds can enhance enterprises' ability to innovate green technology by increasing the proportion of long-term loans and improving their debt structure. This paper broadens the relevant literature on the economic consequences of green bonds and the influencing factors of enterprises' green technology innovation and provides policy suggestions for further improving the analysis of green bonds. [ABSTRACT FROM AUTHOR]

China is facing a serious land resource mismatch problem, which will profoundly affect the acceleration of economic growth and technological innovation. Reform of the industrial land allocation system can solve the mismatch of land resources, and that also has an important impact on the promotion of economic and technological development. This paper selects the data of Chinese A-share listed companies in Shanghai and Shenzhen from 2007 to 2020 as the research sample, constructs a double machine learning model, and empirically investigates the impact of a new industrial land use policy on firms' green innovation behavior. The study shows that: (1) the new industrial land use policy significantly promotes firms' substantive and strategic green technological innovation, and the effect on substantive green technological innovation is greater than that on strategic green technological innovation. (2) The enhancement of R&D investment sustainability and the "talent pool" effect are important mechanisms through which the new industrial land use policy influences firms' substantive and strategic green technological innovation. Meanwhile, the new industrial land use policy is conducive to firms' green coinnovation. (3) There is heterogeneity in the effect of the new industrial land use policy, which can significantly promote green technological innovation of firms in the eastern region, while it does not play a significant role in the green innovation behavior of firms in the central and western regions. The above research results enrich the research in the field of industrial land and innovation, help to understand more comprehensively the mechanism of new industrial land affecting firms' green technological innovation, and provide policy insights for strengthening the application of industrial land allocation reform in firms' green innovation. [ABSTRACT FROM AUTHOR]

The development of urbanization has brought new challenges to the ecological environment, and the promotion of green technology innovation and development is widely recognized as an essential method to achieve cities' economic benefits and environmental protection. This paper examines whether the new urbanization pilot policies (NUP) increase green technology innovation (GTI) from both theoretical and empirical perspectives. This paper examines the impact of new urbanization on GTI by analyzing data from 285 cities in China between 2010 and 2021, using the multi-period DID model with the implementation of NUP as an exogenous policy shock. The study results indicate that NUP significantly affects GTI, and the conclusion still holds after the parallel trend test, placebo test, and other robustness tests. Heterogeneity analysis shows that the NUP significantly enhances GTI in low environmental pollution, non-resource-based, Medium-sized, and Central Region cities. The test of moderating effect shows that NUP has a "linkage effect" with the government's environmental attention, financial investment in innovation, and regional talent pooling. The findings of this paper provide empirical evidence and decision-making reference for promoting NUP and sustainable development of cities. [ABSTRACT FROM AUTHOR]

This paper uses an SBM-GML index model to assess Green Total Factor Productivity (GTFP) in China’s carbon-intensive sectors and conducts an empirical investigation into which factors influence GTFP in these sectors. The GTFP in the carbon-intensive sectors experienced a decline between 2006 and 2011, followed by an upward trend beginning in 2012. Technological progress was the primary driver of GTFP growth, while business size was also a notable contributor. Irrational energy structures negatively influenced the high-quality development of the carbon-intensive sectors, and environmental regulation and foreign direct investment (FDI) have not yet significantly impacted GTFP. Based on these findings, this paper suggests that the carbon-intensive sectors should expedite their green transitions by focusing on system improvement, technological innovations, energy revolutions, and high-level opening up. [ABSTRACT FROM AUTHOR]

As an important way to expand financing channels, the listing can significantly improve the enterprises' comprehensive competitiveness. However, few studies pay attention to the continuous impact of listing years on enterprise innovation. Based on the sample data of Chinese enterprises before and after listing from 2004 to 2017, this paper discusses the relationship between the listing years and dual innovation. And analyzes the moderating effect of slack. The research shows that the listing years are related to the quantity and quality of innovation in the inverted U-shaped, but the inflection point of the innovation quantity is later than the innovation quality. Before listing, the innovation quantity and quality increased; after listing, the innovation quantity first increased and then decreased, while the innovation quality declined. High slack makes the inverted U-shaped relationship between the listing years and innovation quality steeper. [ABSTRACT FROM AUTHOR]

Simultaneously achieving economic development and environmental protection is a shared global challenge. While the positive effect of environmental regulations on protecting the environment has been widely recognized, the attention paid to low-carbon governance and corporate green transformation remains insufficient. Based on the two-stage least square regression model (2SLS) of instrumental variables, this paper utilizes panel data from China to identify the influence mechanism of government low-carbon governance on enterprise green development. It explores the effect of low-carbon governance on enterprise green development from the perspective of fiscal decentralization. The findings show that (1) Low-carbon governance significantly promotes corporate green development, primarily through improving industrial structure and technological innovation; (2) Low-carbon governance notably promotes the green development of private enterprises but has little effect on state-owned enterprises. There are also geographical differences, and the results are better in Eastern China than in the Central and Western parts of China; (3) Fiscal decentralization at both central and local levels inhibits the effect of low-carbon governance on driving corporate green development by causing a mismatch of human resources. Therefore, to promote corporate green development, low-carbon governance must prioritize green development, actively guide industrial structural upgrading and enterprise technological innovation, implement differentiated low-carbon governance measures tailored to different ownership enterprises, and optimize the assessment indicators for fiscal decentralization. This paper helps deepen the understanding of the relationship between government low-carbon governance and enterprise green development in developing countries. It can be used as a reference for government departments to formulate relevant policies. [ABSTRACT FROM AUTHOR]

We utilized cross tabulation statistics, word frequency counts, and content analysis of research output to conduct a bibliometric study, and used CiteSpace software to depict a knowledge map for research on entrepreneurship education in China from 2004 to 2013. The study shows that, in this duration, the study of Chinese entrepreneurship education experienced a progression through three stages, an “exploratory stage of learning from foreign models,” a “developmental stage geared toward employment problems,” and a “transformative stage promoting cultivation of student abilities,” and featured three primary characteristics, “multidisciplinary fusion,” “imbalanced regional distribution,” and “policy orientation.” In the future, popular fields in the study of entrepreneurship education are to be concentrated in the three areas, namely “entrepreneurship education and talent cultivation,” “entrepreneurship education and entrepreneurial environments,” and “entrepreneurship education and innovation education.” [ABSTRACT FROM PUBLISHER]

This paper examines the impact of the digital economy on sustainable development, using panel data from cities at the prefecture level and above in China from 2011 to 2019. The results indicate: (1) The digital economy is conducive to boosting growth, increasing employment, reducing energy consumption, and cutting emissions, thereby promoting sustainable development. These findings prove robust. (2) Mechanism test outcomes reveal that, from the perspective of technological innovation, the digital economy can promote sustainable development through increasing R&D input and enhancing innovation output. (3) An extended analysis of the risk of a digital "divide" demonstrates that "dividend" of the digital economy is primarily manifests in spurring economic growth, enhancing energy efficiency, and strengthening environmental protection in lagging regions, while the digital "divide" effect is manifested in the stronger employment stimulating effect of developed regions versus backward areas. The results of this study not only enrich the relevant research system, but also provide empirical evidence to support accelerating digital transformation, strengthening technological innovation governance, and advancing sustainable development. [ABSTRACT FROM AUTHOR]

In China, there exists a huge debate for a long time on whether a double dividend, reducing pollution emissions and boosting employment, can be achieved by intensifying environmental regulations. In this paper, we use two data sets on provincial environmental legislation and Chinese manufacturing firms during 1998–2013, to estimate the impact of provincial environmental legislation on the firms' employment growth with a difference-in-difference (DID) model. Results showed that (1) after the implementation of environmental legislation, the employment growth of regulated manufacturing firms decreases significantly by 3.07%, and this result is robust to alternative tests. (2) Local environmental legislation reduces employment growth mainly via the influencing mechanism of the firm's entry and exit, export, and innovation. (3) The local environmental legislation has heterogeneous impacts on employment growth in different industries and different regions, and the estimated effect is more obvious in high-pollution industries and areas with strong enforcement. (4) Environmental legislation significantly improves job destruction and reduces job creation, resulting in a − 3.86% job net increase. Due to the long-term implementation of extensive economic growth mode, China's ecological environment has been deteriorating since the 1990s, and environmental pollution has attracted more and more social attention. Until 2013, the Communist Party of China put forward 'ecological civilization', and building a beautiful new China with harmonious coexistence between man and nature has become an important development strategy. Meanwhile, starting from the implementation of the Two-Control-Zone policy in 1998, China has implemented numerous environmental policies in just ten years. These environmental policies have greatly improved the quality of China's ecological environment, but their economic effects have been controversial. Given the special historical period, this paper helps assess the impact of Chinese environmental policies on employment and provides a more objective policy evaluation and implications for improving existing laws and regulations to achieve higher social welfare. To achieve this goal of balancing the improvement of the ecological environment and high employment level, environmental policies firstly should be flexible to ensure that the environmental standards follow the firm's characteristics and regional characteristics to avoid "one size fits all". Particularly, for regions with poor economic development or having a single industrial structure, the implementation cycle of the environmental policies should be extended to ensure that they have enough time to achieve industrial restructuring and complete the environmental protection goals. Secondly, we find that environmental legislation hurts employment growth by limiting export decisions, so the government should use multiple channels to stabilize export when implementing environmental legislation. Thirdly, technological R&D and innovation play an important role in the effect of environmental legislation on firms' employment growth. Therefore, the government should provide a more flexible environment for firms' R&D and innovation with appropriate fiscal policies and technical support. [ABSTRACT FROM AUTHOR]

Under the double pressures of economic growth and ecological environment protection, sea green transformation and the sustainable development of mariculture are critical. This paper constructs an evolutionary game model with the government as the main body and mariculture farmers (enterprises) as the main body and puts forward the research hypothesis. Based on 2006–2019 longitudinal data of nine provinces along China's coast, using multi-period Difference-in-Difference (DID) and dual robust estimation, we empirically investigate the national oceanic ranch demonstration zones for the influence of the green sea aquaculture and their mechanism of action. The results showed that (1) the efficiency of green level of mariculture industry in China is not high, and the establishment of national marine pasture demonstration zone has not effectively promoted the improvement of green level of mariculture industry; (2) the institutional environment, unreasonable industrial structure, and lack of scientific and technological innovation have an effect on the national oceanic ranch demonstration area as the main causes of failure to effectively promote marine green farming; (3) the establishment of the national multi-period demonstration area in the north significantly hindered the growth of the green level of mariculture and fell into the "policy trap", while the establishment of the national multi-period demonstration area in the south significantly promoted the growth of the green level of mariculture. The conclusions of this paper provide an empirical basis and reference for the improvement of the national marine pasture demonstration zone policy and the green transformation of mariculture to a certain extent. [ABSTRACT FROM AUTHOR]

With the proposal of "Carbon Peak and Carbon Neutrality" goals, China is facing a more serious carbon emissions reduction situation, and how the booming digital economy effectively helps China's carbon emissions reduction is one of the most urgent things that should be solved. To study the impact of the digital economy on carbon emission intensity, this paper is based on the panel data of 30 provinces in China (excluding Tibet, Hong Kong, Macao, and Taiwan) from 2011 to 2021, and applies the double-fixed effect model and the threshold effect model to study the impact of the digital economy on carbon emission intensity and the mechanism of its action, as well as to analyze the mechanism of the digital economy's action on carbon emission intensity from the perspective of technological innovation. The results of the study show that: i) The digital economy can reduce the intensity of regional carbon emissions; ii) The carbon emission reduction effect of the digital economy is non-linear, and its carbon emission reduction effect gradually increases with the level of development of the digital economy; iii) In addition to the direct impact of the digital economy on carbon emission intensity, it also has an indirect impact on carbon emissions through technological innovation; iv) There is regional heterogeneity in the carbon emission reduction effect of the digital economy, and the carbon emission reduction effect is more significant in the central and western parts of the country and regions with a high level of human capital development. Based on the conclusions obtained, this paper suggests: i) The rational integration of the digital economy and regional development should be strengthened; ii) Strong provinces in the digital economy should be encouraged to help weaker provinces, to narrow the "digital divide" between provinces; iii) Differentiated development strategies should be formulated in accordance with local conditions, to give full play to the optimal effect of the digital economy in carbon emission reduction. [ABSTRACT FROM AUTHOR]

Based on the panel data of 285 cities in China from 2000 to 2019, this paper searches the number of patent applications related to urban artificial intelligence from five dimensions: algorithm, data, computing power, application scenario and related technology. Combining the two perspectives of industrial upgrading and rationalization, we analyze the internal influence theory of the research topic from the theoretical and empirical perspectives. The results show that artificial intelligence is not only conducive to industrial upgrading, but also significantly inhibit the deviation of industrial structure from equilibrium, which is conducive to industrial rationalization. In addition, the conclusion of this paper is still valid after a series of robustness tests, such as eliminating the samples of central cities, winsorize treatment and instrumental variables method. Through the heterogeneity test, it is found that the promoting effect of artificial intelligence on industrial upgrading is more obvious in big cities and cities with high level of industrial upgrading. The internal mechanism test results show that artificial intelligence promotes industrial upgrading by promoting technological innovation. In cities with a high degree of marketization and Internet development, the role of artificial intelligence in promoting industrial upgrading can be strengthened. The research conclusions of this paper will be conducive to accelerating the development of artificial intelligence to promote industrial upgrading, and provide a useful reference for realizing high-quality development. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims to explore the impact of business environment on high-quality economic development (HQED) and clarify the role of technological innovation and government intervention in this relationship. Design/methodology/approach: Based on China's provincial panel data from 2010 to 2019, this paper adopts the system generalized method of moments to empirically analyze the influential mechanism and heterogeneity of the business environment on HQED. Furthermore, the authors construct a dynamic panel threshold model to test the threshold effect of government intervention. Findings: The results indicate that optimizing the business environment can significantly promote HQED, technological innovation plays a partial mediating role in the impact of business environment on HQED, mainly by enhancing the intensity of innovation input and increasing innovation output to facilitate HQED. Government intervention can regulate the impact of business environment on HQED, and there is a double threshold effect, and it possesses an inverted U-shaped feature of first promoting and then inhibiting. Originality/value: This paper examines the influence path of business environment on HQED from the perspective of technological innovation and government intervention, filling the gap in the study of provincial business environment. Moreover, the conclusions furnish a theoretical basis for optimizing the business environment and facilitating the HQED in China. [ABSTRACT FROM AUTHOR]

How has China's privacy protection strategy been developed, with its broad scope and stringent requirements for data localization and cross-border data flows? What are the broader geopolitical implications of its divergence from Western models of data privacy? This paper argues that China's privacy protection strategy, characterized by its comprehensive regulatory framework and government access to data, is redefining the contours of global data governance and creating new geopolitical fault lines. Drawing on official documents, laws, regulations, and a case study, this paper highlights the evolution of the regulatory framework in response to emerging challenges posed by technological innovations and the wider geopolitical environment. This paper contributes to the broader discussion regarding the implications of China's privacy protection approach, highlighting potential normative clashes with countries that favor a more open digital economy. China's efforts in developing its own privacy protection strategy have also resulted in the formulation of global standards for data privacy. [ABSTRACT FROM AUTHOR]

Major product safety incidents often cause widespread concern among consumers, and these product safety incidents will stimulate consumers' psychology, change their risk perception, and affect the demand for products and services of risk consumers. The change in consumer demand will eventually lead to a change in firm innovation decisions. Using Chinese firm-level data, this paper employs the news reporting of the Bawang event as a quasi-natural experiment to study the impact of risk perception changes on innovation. The empirical results of this study show that increasing consumers' risk perception caused by the negative news coverage of defective products motivates firms to increase their innovation. The effects are heterogeneous, where firms with private ownership and in developed regions are more likely to increase innovation activities. This study suggests that the relationship between consumers' risk perception and firm innovation is primarily driven by market demand. Moreover, the positive effects of risk perception on innovation are more prominent for downstream firms and those having a smaller technological distance. [ABSTRACT FROM AUTHOR]

The Yangtze River Delta (YRD) bears the vital task of driving the growth of China's equipment manufacturing industry (EMI) intelligence as an advanced region. Fostering the transformation and upgrading of the EMI in the YRD and constructing a modern production mode is vital to developing and reforming China's manufacturing industry. This paper uses industrial robot data to assess the level of intelligence (LoI) in the EMI from 2016 to 2019. The OLS (ordinary least squares) model is used for the measurements, and the MQ (the modified contribution index) is used to estimate the degree of contribution from a host of variables. It is identified that the LoI is on the rise. However, excluding railways, aerospace, shipbuilding, and other transportation equipment manufacturing, the LoI is significantly higher than in other subsectors. It is also identified that technological innovation ability, human capital density, and enterprise cost pressure govern the industry's LoI. Moreover, while there is a difference in the main influencing factors in LoI within different industries, R&D investment, technological innovation ability, and enterprise cost pressure have the most significant impact across most equipment manufacturing sub-industries. [ABSTRACT FROM AUTHOR]

Introduction: With the rapid development of digital technology and its deep integration with environmental and ecological fields, the digital economy has become an effective way to guide the transition of cities to an eco-friendly model. However, empirical studies on the nonlinear spatial effects between digital economy and ecological welfare performance are still insufficient. Methods: Based on the panel data of 270 prefecture-level cities in China from 2011 to 2020, this paper empirically examines the impact of the digital economy on the ecological welfare performance of cities and its mechanism of action using spatial econometric modeling. Results: The promotion effect of digital economy development on the ecological welfare performance of cities is characterized by the "J" shape of increasing marginal effect, and the spatial spillover effect on the ecological welfare performance of neighboring cities is the inverted "U" shape of inhibiting first and then promoting later. The mechanism test shows that the development of digital economy can enhance the ecological welfare performance of cities through the marginal incremental promotion of green technological innovation in local and neighboring cities and has a positive spatial spillover effect. The development of digital economy can have a direct U shape effect on local ecological welfare performance by influencing factor allocation efficiency and energy utilization efficiency. It also has an inverted U-shaped spatial spillover effect. Environmental regulation has an inverted U-shaped moderating effect on the local eco-welfare performance affected by the digital economy. As the level of rural revitalization increases, it produces a U-shaped moderating effect of inhibiting. Heterogeneity analysis reveals that digital economy development has a more significant facilitating effect and a positive spatial spillover effect on the ecological welfare performance of cities in central China. Discussion: This paper will provide a reference for the synergistic optimization of digital economy development and ecological welfare performance among regions. The findings of the study will promote the development of digital economy and accelerate the realization of the goal of "Beautiful China". [ABSTRACT FROM AUTHOR]

With the intensification of global economic competition, innovation has become one of the core elements of vigorous development in various regions. Improving the innovation ability of cross-regional central cities is the main factor influencing whether a region can achieve economic and social development. In this paper, an innovation primacy index system is designed according to the links of the innovation value chain, and the innovation advantages and empirical effects are comprehensively analyzed by using the point-to-point method, entropy weight method, gravity model and two-way fixed effect model. Based on the data of 8 cities in the core area of the Huaihai Economic Zone from 2010 to 2020 in China, Xuzhou's innovation primacy ranks first in the core area of the Huaihai Economic Zone, which accords with its status as the central city of the region. Its index has been rising, and its development trend is also good. However, the overall innovation ability of the core area of the Huaihai Economic Zone is unbalanced; the overall economic foundation is not solid enough. In terms of knowledge innovation, R&D innovation and industrial innovation, the industrialization level, around the activation of Xuzhou city vitality, enhances the Xuzhou innovation radiation drive, leading to a decrease in the Huaihai Economic Zone. Finally, some corresponding suggestions on innovation primacy have been proposed for the city of the Huaihai Economic Zone. [ABSTRACT FROM AUTHOR]

This paper examines the impact of China's neo-mercantilist policies on its semiconductor industry. China strategically employs a neo-mercantilist approach to enhance its technological capabilities and strengthen its position in the global semiconductor sector. The research method used in the paper is qualitative. The study analyzes the multifaceted strategies encompassing industrial policies, trade practices, and technological advancements to understand their contributions to the industry's growth and resilience. It also explores how this growth benefits China's economy and highlights the role of economic factors in shaping political partnerships. The findings demonstrate that China's neo-mercantilist policies have played a pivotal role in fostering the development of its semiconductor sector through targeted industrial policies and trade practices. The emphasis on technological advancements has reduced dependence on foreign technology and enabled the production of high-quality semiconductors domestically. The semiconductor industry's growth in China has positively impacted the economy, contributing to job creation, increased exports, and enhanced economic competitiveness. Moreover, the paper highlights the importance of economic factors in driving political partnerships, as China's semiconductor industry growth has facilitated collaborations based on mutual economic interests. [ABSTRACT FROM AUTHOR]

Based on authorized patents of China's artificial intelligence industry from 2013 to 2022, this paper constructs an Industry–University–Research institution (IUR) collaboration network and an Inter-Firm (IF) collaboration network and used the entropy weight method to take both the quantity and quality of patents into account to calculate the innovation performance of firms. Through the hierarchical clustering algorithm and classification and regression trees (CART) algorithm, in-depth analysis has been conducted on the intricate non-linear influence mechanisms between multiple variables and a firm's innovation performance. The findings indicate the following: (1) Based on the network centrality (NC), structural hole (SH), collaboration breadth (CB), and collaboration depth (CD) of both IUR and IF collaboration networks, two types of focal firms are identified. (2) For different types of focal firms, the combinations of network characteristics affecting their innovation performance are various. (3) In the IUR collaboration network, focal firms with a wide range of heterogeneous collaborative partners can obtain high innovation performance. However, focal firms in the IF collaboration network can achieve the same aim by maintaining deep collaboration with other focal firms. This paper not only helps firms make scientific decisions for development but also provides valuable suggestions for government policymakers. [ABSTRACT FROM AUTHOR]

Although the effect of highways on economic growth has been widely discussed, its role in green technological innovation has not yet attracted attention facing today's strong emphasis on the green economy. To fill this gap, this paper aims to provide empirical evidence by investigating the effects of highways on regional green technological innovation in China. The paper elaborates theoretically on three mechanisms through which the development of highways may influence regional green technological innovation, namely the agglomeration effect, spatial spillover effect, and network effect. To advance the empirical analysis, this paper constructs a spatial Durbin model accounting for spatial interdependencies among regions. Unlike previous literature, this paper uses "the strength of economic linkage" to indicate the development of highways in each city and discusses geographic distance and time-distance effect (spatio-temporal effect) resulting from highways. Using panel data of 105 prefecture-level cities in China's Yangtze River Economic Belt from 2001 to 2013, we find that: (1) highway has a significant role in promoting regional green technological innovation; (2) significant spatial spillover effects resulting from highways exist and the magnitude of the influence varies with geographical and temporal distance effect. Our findings provide references for developing transportation infrastructure and green innovation in China. [ABSTRACT FROM AUTHOR]

This paper aims to examine the impact of executive compensation incentive on corporate innovation capability by dividing executive compensation incentive into short-term monetary incentive and long-term equity incentive. We also investigate the interaction between the two types of executive compensation incentive. Data are collected from China's agro-based companies during 2012–2019, and multiple regression analysis is utilized. The empirical results show that short-term monetary incentive has no impact on innovation capability, while long-term equity incentive stimulates innovation capability. Regarding company ownership, the impact of long-term equity incentive in state-owned enterprises is greater than that in private-owned enterprises. In addition, the complementary effect between short-term and long-term compensation incentive has a positive impact on innovation capability regardless of company ownership. The findings of this paper could help agribusiness managers to design the reasonable incentive system to incentivize corporate executives and enhance the capability of independent innovation. [ABSTRACT FROM AUTHOR]

Drylands are vast and face threats from climate change and human activities. Traditional reviews cannot capture interdisciplinary knowledge, but bibliometric analysis provides valuable insights. Our study conducted bibliometric research of scientific production on climate change and land degradation in drylands using remote sensing. We examined 1527 Scopus-indexed publications to identify geographic and thematic hotspots, extracting leading authors, journals, and institutions. China leads in publications, followed by the US, Germany, and Australia. The US has the highest citation count. Collaboration networks involve the US, China, and European countries. There has been an exponential increase in remote sensing of land degradation in drylands (RSLDD) publications since 2011. Key journals include "International Journal of Remote Sensing" and "Remote Sensing of Environment". The analysis highlights the growing interest in the field, driven by Australia, the US, and China. Key areas of study are vegetation dynamics and land use change. Future perspectives for this scientific field involve promoting collaboration and exploring emerging technologies for comprehensive land degradation and desertification research. [ABSTRACT FROM AUTHOR]

China has long exercised environmental control through the imposition of sewage charges. The start of the environmental protection tax on January 1, 2018, means that China has entered a new phase of environmental control. Unlike many previous studies on the role of environmental taxes at the firm level, this paper examines whether environmental taxes affect pollution emissions by influencing the behavioral choices of micro-actors. This paper first reviews the Pyrrhic tax, the Porter hypothesis, and the "double dividend effect." We then construct provincial panel data for 30 provinces in China from 2012 to 2019 as a sample, use the environmental protection tax as a natural experiment to evaluate the policy of this environmental protection tax using propensity score matching and difference-in-differences model, investigate the intermediate transmission mechanism of the policy implementation, and then analyze the differences in policy effects between provinces with different levels of economic development. The increased tax burden in 2018 led to a general reduction in provincial pollution emissions in which technological innovation by various groups, including firms and universities, had a mediating role. [ABSTRACT FROM AUTHOR]

Technological innovation is the key to develop wind power and photovoltaic power industries. The feed-in tariff (FIT) policy, as a demand-pull policy, is important to support renewable energy technological innovation. Using the "difference-in-differences" method, this paper investigates the impact of FIT policy of wind power and the impact of the FIT policy designed according to differences in the distribution of resources on wind power technological innovation. The findings show that the FIT policy can drive patenting in wind power technologies during the implementation period, but may play a relatively weak promoting role in technological innovation in the latter term, and the FIT policy designed according to differences in the distribution of resources also stimulates more patent counts. Finally, based on the fixed effect negative binomial regression model, this paper finds that the higher feed-in tariffs can increase the patent counts in photovoltaic power technologies. [ABSTRACT FROM AUTHOR]

With the continuous advancement of the new generation of information technology revolution, digital economy is gradually becoming an important driving force for energy transition while restructuring the new form of the economy. This paper selects panel data of 30 provinces in China from 2011 to 2021, empirically verifies the special impacts of digital economy on green- oriented transition of energy by using the spatial Durbin model, and further constructs a multi-intermediary model to verify its transition pathways. The main findings are as follows: First, the overall level of green-oriented transition of energy in China's eastern coastal areas is relatively high, and the western regions have been more capable of catching up in recent years. Second, digital economy has played a significant role in promoting green-oriented transition of energy, and there is a positive spatial spillover effect. Third, digital economy could indirectly promote the green-oriented transition of energy by promoting the upgrading of industrial structure, improving the level of technological innovation and strengthening environmental regulations. This study provides empirical insights and reference for policymakers in accelerating the comprehensive green-oriented transition of energy. [ABSTRACT FROM AUTHOR]

Amidst growing environmental challenges linked to coal dependence, fostering green innovation in new energy enterprises is vital for sustainable development in China. Although there have been studies on green innovation of new energy enterprises in recent years, few studies have been conducted from the perspective of ESG, whether informal environmental regulation represented by ESG can stimulate the green innovation of new energy enterprises is of great significance to China's construction of a low-carbon and secure energy system. In this paper, from the perspective of informal environmental regulation, based on the ESG ratings of SynTaoGreen Finance's first public newenergy listed companies as an exogenous shock, and taking A-share new energy listed companies as a sample from 2010 to 2021, we empirically verified the effect and mechanism of ESG ratings on the green innovation of new energy companies in terms of the quantity and quality of green innovations by utilizing the Staggered Difference-indifference (DID) model. The findings demonstrate that new energy enterprises' green patent numbers and quality are greatly enhanced by ESG grading. However, there is clear heterogeneity in this green innovation effect, which is particularly visible in new energy firms with state-owned enterprise and greater enterprise scales and a higher level of digitization. The Mechanistic findings suggest that ESG ratings drive green innovation by alleviating financial constraints, reducing agency risk, and boosting R&D, thus providing empirical evidence for the development of a green innovation ecosystem in the new energy industry. [ABSTRACT FROM AUTHOR]

Purpose: There has been limited research that has explored the connection between digital supply chain (DSC) and SC innovation and SC dynamic capabilities. This paper aims to examine the mediating effect of SC innovation on the relationship between DSC and SC dynamic capabilities. Design/methodology/approach: The research model and hypotheses were tested, employing (Statistical Package of Social Sciences) SPSS 25.0 and (Analysis of Moment Structures) AMOS 24.0 on data drawn from the Chinese manufacturing enterprises. Findings: The study reveals that DSC has a significant positive effect on SC innovation and SC dynamic capabilities. SC innovation also has a significant positive effect on SC dynamic capabilities. Besides, the authors' research illustrates that SC innovation partially mediates the relationship between DSC and SC dynamic capabilities. Research limitations/implications: Since the results are derived from the data collected from China, it may not, therefore, be generalized to other settings. Moreover, future research could consider other contextual variables such as "environmental uncertainty" and "Government's Reward-Penalty Mechanism," which may influence SC dynamic capabilities. Practical implications: The study provides practical insights for senior executives and managers in the manufacturing industry. Managers should emphasize the investment of advanced digital technologies and tools (DTTs) and improvement of SC visibility and collaboration. In the digital age, companies should pay attention to the introduction of advanced technologies, tools and processes and focus on cultivating an innovative spirit to promote SC dynamic capabilities, thereby enhancing competitive advantages. Originality/value: The paper illustrates that DSC is of great significance to improving SC dynamic capabilities. This study reveals compelling insights for firms to enhance SC innovation and dynamic capabilities by using DSC as an enabler. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this paper is to develop a novel integrated risk assessment method from the system perspective to evaluate the risk of the cross-regional mega construction project (CMCP). Furthermore, this paper aims to confirm the core risk source factors and refine the risk management strategies of CMCPs through a case study. Design/methodology/approach: Based on the analysis of the risk system of CMCPs, the concept model and risk assessment principles of integrated risk assessment were confirmed. The risk source factors and project objectives of the CMCP were identified from a literature review, export interview and case analysis. According to the vulnerability theory, the integrated risk assessment model was developed by involving vulnerabilities, threats, objectives and interaction of those factors synthetically. Then, ZW high-speed railway from China was analyzed to verify the feasibility and effectiveness of the proposed method. Findings: As a result, 12 threat factors and 12 vulnerability factors were identified. Based on the case study, the main external threat comes from T13 (conflicts of interest between local governments) and T23 (harsh natural environment); the most easily exploited internal vulnerabilities were V11 (complexity of technology), V13 (lack of experience in technical application), V21 (inadequate experience) and V23 (lack of interest coordination mechanism). Moreover, the economic objective was most affected. Practical implications: It is essential to develop an interest coordination mechanism for CMCPs. The harsh natural environment is a critical factor, but it also promotes technological innovation and iteration. Public opinions in different regions are critical for CMCPs, and more emphasis should be placed on public opinion surveys of CMCPs. Moreover, diverse and flexible environmental protection strategies should apply in CMCPs. Originality/value: This research has the following three contributions. First, based on vulnerability theory, an integrated risk assessment approach of CMCPs is developed, which enriches the risk measurement method system and provides inspiration for future research on risk in the construction industry. Second, the risk sources of CMCPs are identified from the perspective of vulnerability and threat to provide clear guidance for the risk management of CMCPs. Third, the core risk source factors and management strategies confirmed by the case study will be beneficial for various governments in different regions and project managers to optimize the project management scheme, as they are transferable management experiences. [ABSTRACT FROM AUTHOR]

The accountability audit of natural resources (AANR) is a major institutional arrangement for advancing the construction of an ecological civilization in China. Based on the panel data of 271 cities in China from 2005 to 2017, this paper investigates the relationship between the AANR and carbon dioxide (CO2) emissions using a multi-period difference-in-differences (DID) model. The results show that AANR significantly increases the CO2 emission reduction rate by 0.009 units at the 5% significance level. The results still hold after a series of robustness tests. Given all else being equal, this significant effect is 0.001. Further analyses show that AANR improves pilot cities' CO2 emission reduction rates mainly by enhancing their green innovation capability. The mediating effect of cities' green technology innovation capability accounts for 96.00%, while the AANR's direct effect only accounts for 4.00%. The AANR has significantly positive effects of 0.017% and 0.029% for western cities and cities with high fiscal pressure at the 5% and 1% significance levels, respectively. Therefore, strengthening AANR implementation by enhancing the mediating efficiency of cities' green technology innovations and implementing dynamically differentiated AANR policies in Chinese meso-cities will contribute to the achievement of China's carbon peaking and carbon neutrality targets. [ABSTRACT FROM AUTHOR]

Climate change has become a critical global issue and challenge, with significant implications for financial enterprises as an integral part of economic activities. A thorough analysis of the impact of climate change on the high-quality development of financial enterprises is of great importance for financial sustainability. This paper first conducts an indepth mathematical analysis of the intrinsic mechanisms through which climate change affects the high-quality development of financial enterprises by establishing a game theory model. Secondly, using data from listed companies for the years 2000-2020, an econometric model is constructed to empirically examine the relationship between climate change and the high-quality development of financial enterprises. The research findings demonstrate that climate change significantly inhibits the highquality development of financial enterprises, as evidenced by robust results obtained through various methods such as data truncation, variable substitution, and changes in sample periods. Furthermore, this study addresses the endogeneity of the regression model using propensity score matching (PSM), instrumental variable methods, and system generalized method of moments (GMM). Additionally, climate change impacts the high-quality development of financial enterprises through technological innovation. Given the backdrop of climate change, understanding the relationship and logic between climate change and the high-quality development of financial enterprises and discerning the channels and mechanisms through which climate change affects their development are crucial. This research provides a new perspective and expands the research frontier on the high-quality development of financial enterprises, enriching the theoretical foundations in this field. [ABSTRACT FROM AUTHOR]

Scientific and technological innovation and ecological progress are important forces for China's high-quality development. Nevertheless, the current body of research seldom explores the mutual dependence and evolutionary patterns of the two regional systems when considering both historical and future perspectives. This paper aims to enhance the current theoretical research framework by focusing on the coastal region of China. It analyzes and predicts the co-evolution and space–time distribution process of two systems by constructing a coupled model and a gray prediction model. The results show the following: (1) the coupling and coordinated development level of the two coastal systems has basically reached the stage of good coupling and coordinated development, and the level has increased, but the gap has gradually increased, and Jiangsu and Guangdong have reached the leading level; (2) the spatial distribution in coastal areas is uneven, showing a convex spatial pattern of "high in the middle and low at both ends"; (3) during the forecast period, the overall coupling and coordination level of the two systems will continue to improve, but individual cities still cannot jump out of the development state of slow development processes. With the aim of fostering the harmonious growth of both systems at both regional and national levels, this paper proposes practical recommendations concerning the establishment of a sustainable interaction mechanism, the evolution of the industrial structure towards ecological sustainability, and the economic contribution to scientific and technological innovation. Furthermore, this article serves as a valuable reference for advancing the sustainable development of other nations. [ABSTRACT FROM AUTHOR]

The establishment of green finance reform and innovation (GFRI) pilot zone is an important measure of the Chinese government to urge enterprises to develop green transformation. This paper explores the impact of pilot policies in the GFRI pilot zone on corporate environmental investment. Based on 819 A-share listed enterprises from 2010 to 2020, our staggered difference-in-differences (staggered DID) estimation documents revealed that enterprises in the GFRI pilot zone significantly increased the corporate environmental investment efficiency but reduced the scale of corporate environmental investment.This conclusion remained robust after Propensity Scores Matching difference-in-differences (PSM-DID), replacing dependent variables, and shortening the time window. We contend that the increased research and development (R&D) expenditure and technological innovation are the potential mechanisms at work. Heterogeneity analysis showed that the establishment of GFRI improved the environmental investment efficiency of polluting enterprises but had no effect on green enterprises.Meanwhile, the effect of GFRI exhibited heterogeneity in the type of enterprise ownership. This paper evaluates the implementation effect of GFRI from the perspective of corporate environmental investment, and provides theoretical support and an empirical basis for green finance policy to serve China's green economy. [ABSTRACT FROM AUTHOR]

The carbon emission trading pilot policy is an important initiative to achieve synergistic economic-environmental development. Based on the data of 268 cities in China from 2006 to 2020, this paper analyzes the impact of carbon emission trading pilot policy on urban innovation capacity by using a time-varying difference-in-difference model. The study shows that, first, the implementation of the CETP improves the innovation capacity of cities, and the robustness test confirms the above findings. Second, the effect of the policy on enhancing urban innovation capacity is heterogeneous between the type of innovation and city type: the promotion of innovation capacity is stronger for utility model patents and non-capital cities. Third, there is a positive spillover effect of the implementation of the CETP on the promotion effect of the urban innovation capacity, which can lead to the improvement of the innovation capacity of neighboring cities. This paper has some reference value for building a unified carbon emission trading market and promoting low-carbon economic development within China. [ABSTRACT FROM AUTHOR]

As one of the important forces promoting the development of the marine economy, the marine biomedical industry (MBI) shows typical knowledge and technology-intensive characteristics. It is of great significance to explore the industrial innovation dynamic mechanism for breaking through the bottleneck of innovative development as well as achieving high-quality development. This paper constructed a system dynamics model for scientific and technological innovation (STI) in the MBI and then explored the dynamic mechanism of STI in the industry through simulation. The study found that, in the innovation environment subsystem, the two factors of the intellectual property protection intensity and the government's scientific research funding input had the most significant positive driving effects on STI of the MBI; the promotion of government education funding input showed a significant strengthening trend over time, while the marine environmental regulation intensity had comparatively little effect on the level of STI. In the subsystem of innovation input, both innovation funding input and innovation personnel input were the direct driving forces for the improvement of the STI level. And enterprises played a dominant role in STI because the STI level of the MBI was more sensitive to the changes in enterprise innovation input. Compared with the individual factor input, the synergistic promotion effect of multiple factors is more significant. In addition, it was found that there was a low conversion rate of scientific research achievements in China's MBI by analyzing the influence of various factors changing on technological output and economic output. Based on the research results, this paper puts forward corresponding policy suggestions in order to provide theoretical support and a practical basis for promoting the technological innovation level of China's MBI as well as references for other countries. [ABSTRACT FROM AUTHOR]

The State-level New Area is an emerging type of regional space produced by the national strategy of Regional Coordinated Development in China. It is not a fixed material entity nested in the practice of spatial production, but contains multiple scales of dynamic changes. Therefore, from the multi-dimensional connotations of scale, this paper discusses the internal logic and institutional shaping of political construction of scale. It is suggested that the State-level New Area has the geographic scale characteristics of vast and cross-regional area, the administrative scale characteristics of testability and recursion, and the power scale characteristics of flexibility and flattening. Finally, this paper highlighted that the 'rigid' political scale represented by the State-level New Area can directly promote the rise of city-regions, and can establish a new type of 'central-local' governance relationship. Thus, it is of great significance for China's social and economic transformation and regional governance innovation to make good use of the 'rigid' scale tool of the State-level New Area. [ABSTRACT FROM AUTHOR]

Resource-based regions support national economic development and are essential sources of basic energy and raw materials. In the post-pandemic era, however, there are practical situations to deal with, such as a fractured industrial chain, a weaker industrial structure, and a sharp reduction in economic benefits. Based on data collected from 68 cities in China, from 2010 to 2021, with 816 observations, this paper explores the industrial development process of resource-based regions in China and the change in the toughness of the industrial structure under the impact of COVID-19. The paper studies and analyzes industrial development trends, industrial structure toughness, and spatial spillover effects. The methods used are the Markov chain model and the Industrial Structure Advancement Index. By building the spatial Dubin model, the paper analyzes the spatial spillover effect of regional industrial development. It decomposes the spillover effect using the partial differential model based on regression. The results show that, during the study period, the comprehensive development level of industries in resource-based regions in China was slowly improving and tended to stabilize after entering the post-pandemic era. The evolution of an advanced industrial structure is significantly heterogeneous among regions, and each region has different toughness. The impact of COVID-19 has reduced the toughness of China's resource-based regions' industrial structure. The spatial spillover effect of regional industrial development is significant. Labor force, technology input, and industrial-structure optimization have different impacts on the industrial development of neighboring regions. In the post-pandemic era, China has used new management methods for more innovation. In order to achieve low-carbon, environmental protection, and sustainable development of resources, realize the rapid recovery of the toughness of industrial structure in China's resource-based cities, and reduce the impact of the COVID-19 pandemic, China proposes to expand the supply of resources, improve the allocation of resources, optimize the direction, promote the rational flow and efficient aggregation of various factors, and enhance the impetus for innovation and development. [ABSTRACT FROM AUTHOR]

Improving the innovation quality of manufacturing companies has currently received increasing attention in the transformation from "Made in China" to "Created in China". Equity restriction is now one of the most talked about issues in China's corporate governance structures, but we have a limited understanding of the impact of equity restriction on innovation quality. This paper empirically analyzes the relationship and intrinsic mechanism between equity restriction and innovation quality using all A-share listed manufacturing companies in China from 2007 to 2021 as the research sample. First, the Tobit regression model is used to analyze the impact of equity restriction on innovation quality, and the Heckman two-stage model is used for the endogenous test. Then, the three-step regression model with mediating effects is used to validate the intrinsic mechanism of equity restriction to promote innovation quality from two paths, namely equity incentives and R&D investment. The research results show that equity restriction has a significant positive impact on innovation quality; equity incentives and R&D investment play a mediating role between equity restriction and innovation quality. This paper enriches the research on the influencing factors of innovation quality and provides a theoretical basis based on equity restriction for the transformation of manufacturing towards high-quality innovation, and explores the intrinsic mechanisms by which equity restriction affects innovation quality. [ABSTRACT FROM AUTHOR]

In the face of intense global competition, the Chinese semiconductor industry grapples with unprecedented challenges. Addressing the issue of “bottleneck technology” has become a paramount concern among experts from various domains in China. However, the trajectory of the global semiconductor sector is inexorably linked to the innovation of its business models and adherence to the tenets of technological evolution. It can be posited that, without business model innovation, Moore’s Law would cease to exist. In the semiconductor arena, where the first-mover advantage wields immense influence, exclusive focus on “technological breakthroughs” from a technical standpoint would invariably constrict itself within existing technological paradigms, leaving it susceptible to external control. This paper undertakes an in-depth examination of pivotal case studies, particularly that of TSMC and Samsung, two enterprises which transcended their latecomer status and shattered the “glass ceiling” by embracing “business model innovations.” Through a comprehensive analysis, it introduces and delineates two distinctive avenues of business model innovation: paper “reconstruction of the division of labor system” and “mismatched demand.” Subsequently, the research investigates two more cases, SiEn Integrated Circuits Co., Ltd. and Changguang Group, exploring specific business model innovation paths, “innovation consortium” and “differentiated demand,” pertinent to latecomer semiconductor companies operating in China. Drawing from these insights and considering the current international competitive landscape and the ramifications of the COVID-19 pandemic, this paper culminates in the synthesis of eight breakthrough trajectories for latecomer semiconductor firms. These pathways are examined through the lenses of technology paradigms (traditional and emerging), market contexts (globalized and deglobalized), and various types of business model innovation (original and secondary). Furthermore, this research offers a comprehensive analysis and discussion concerning the resources, capabilities, and strategies, with the ultimate objective of shedding light on the potential “breakthrough” avenue for China’s semiconductor industry. [ABSTRACT FROM AUTHOR]