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How social credit affects enterprise innovation: Evidence from the development of China's social credit system
IF 12.9 1区 管理学 Q1 BUSINESS Pub Date : 2025-02-03 DOI: 10.1016/j.techfore.2025.124007
Shulong Guo, Yongqiang Wang, Yubin Liu
Technological innovation is the fundamental driving force for economic growth, and a conducive institutional environment is the foundation for fostering technological innovation. As a new social mechanism, China's Social Credit System (SCS) is significant in promoting enterprise innovation by institutionalizing informal institutions-social trust. Adopting the data of Chinese listed enterprises from 2011 to 2019 and a staggered difference-in-difference method, this study employs the policy of SCS demonstration cities as a quasi-natural experiment to quantitatively analyze the effect of SCS on enterprise innovation and its influencing mechanisms. The finding reveals that institutionalizing social trust through the SCS can significantly promote enterprise innovation. The promoting effect of SCS on enterprise innovation is achieved by facilitating enterprise credit financing, promoting enterprise cooperation, and optimizing government resource allocation. Moreover, the promoting effect of SCS on enterprise innovation is significant in cities with high marketization and informatization. The effect also exists in the adjacent cities of the SCS pilot policy, that is, SCS has spillover effects on enterprise innovation. This study is helpful not only for enterprise decision-makers to better strengthen credit management and accelerate enterprise innovation, but also for government policymakers to improve SCS, optimize the business environment and promote enterprise innovation.
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引用次数: 0
From experiments to organizational change: Learning from urban logistics projects in Groningen and Bergen
IF 12.9 1区 管理学 Q1 BUSINESS Pub Date : 2025-02-03 DOI: 10.1016/j.techfore.2025.124023
Subina Shrestha , Håvard Haarstad , Ward Rauws , Paul Buijs
Cities are increasingly employing experimentation to address complex sustainability challenges. Experimentation, premised on learning-by-doing, offers organizations the space to test interventions and learn from them. However, it is not clear whether and how experiments bring about organizational changes through learning. This paper seeks to scrutinize the relationship between experimentation, learning, and organizational change, and asks: To what extent does learning from experimentation bring about organizational change? Drawing on the literature on urban governance and sustainability transitions in the context of experimentation and learning, we conduct a cross-case comparison of four urban logistics experiments in the cities of Bergen and Groningen. Our findings show that whilst experiments indeed generate learning, this is not sufficient to bring about organizational change. Learning from the experiments themselves needs to be coupled with persistent relational work within and between organizations, in order to turn experimentation into actual organizational change.
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引用次数: 0
Assessing the impact and development of immersive VR technology in education: Insights from telepresence, emotion, and cognition
IF 12.9 1区 管理学 Q1 BUSINESS Pub Date : 2025-02-03 DOI: 10.1016/j.techfore.2025.124024
JianBang Liu , Mei Choo Ang , Jun Kit Chaw , Ah-Lian Kor , Kok Weng Ng , Meng Chun Lam
Immersive Virtual Reality (VR) technology is increasingly used in education. However, research on its impact and development in education, specifically from the perspective of telepresence, emotion, and cognition, remains limited. Therefore, this study aims to reveal the effects of three dimensions and their interactions in education by addressing proposed six research questions. Specifically, it explores the impact of VR technology on learning experiences and its future development through experiments conducted across seven subjects: History, Bioengineering, English, Chinese Language and Literature, Music, Art Design, and Physical Education. Our findings reveal that emotional engagement plays a pivotal role in driving cognitive engagement within VR environments, challenging traditional perspectives on negative emotions by demonstrating their potential as motivators. We recommend enhancing emotional design elements by strategically invoking certain negative emotions to enrich the emotional challenge in VR environment. Furthermore, the study underscores the importance of leveraging visual preferences, integrating suitable auditory stimuli, and utilizing telepresence characteristics to develop immersive VR environments that foster a sense of agency, autonomy, and critical thinking among learners. This research provides critical insights to guide the future development of VR technology in education, contributing to global learning, addressing widespread educational inequalities, and making a positive impact on society.
{"title":"Assessing the impact and development of immersive VR technology in education: Insights from telepresence, emotion, and cognition","authors":"JianBang Liu ,&nbsp;Mei Choo Ang ,&nbsp;Jun Kit Chaw ,&nbsp;Ah-Lian Kor ,&nbsp;Kok Weng Ng ,&nbsp;Meng Chun Lam","doi":"10.1016/j.techfore.2025.124024","DOIUrl":"10.1016/j.techfore.2025.124024","url":null,"abstract":"<div><div>Immersive Virtual Reality (VR) technology is increasingly used in education. However, research on its impact and development in education, specifically from the perspective of telepresence, emotion, and cognition, remains limited. Therefore, this study aims to reveal the effects of three dimensions and their interactions in education by addressing proposed six research questions. Specifically, it explores the impact of VR technology on learning experiences and its future development through experiments conducted across seven subjects: History, Bioengineering, English, Chinese Language and Literature, Music, Art Design, and Physical Education. Our findings reveal that emotional engagement plays a pivotal role in driving cognitive engagement within VR environments, challenging traditional perspectives on negative emotions by demonstrating their potential as motivators. We recommend enhancing emotional design elements by strategically invoking certain negative emotions to enrich the emotional challenge in VR environment. Furthermore, the study underscores the importance of leveraging visual preferences, integrating suitable auditory stimuli, and utilizing telepresence characteristics to develop immersive VR environments that foster a sense of agency, autonomy, and critical thinking among learners. This research provides critical insights to guide the future development of VR technology in education, contributing to global learning, addressing widespread educational inequalities, and making a positive impact on society.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 124024"},"PeriodicalIF":12.9,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143095534","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Twin transition in industrial organizations: Conceptualization, implementation framework, and research agenda
IF 12.9 1区 管理学 Q1 BUSINESS Pub Date : 2025-02-03 DOI: 10.1016/j.techfore.2025.123995
Sabrina Tabares , Vinit Parida , Koteshwar Chirumalla
The twin transition, which involves the integration of digital and green transformations, is increasingly recognized as crucial for achieving a sustainable and competitive future. These intertwined transitions aim to decarbonize the economy by leveraging advanced digital technologies. Despite growing policy efforts to advance the twin transitions agenda and move toward a net-zero society by 2050, organizations face significant challenges in aligning digital innovations with sustainability goals. These challenges include the lack of a clear conceptualization, foundational success factors, and a structured series of activities needed to achieve the twin transition. These current shortcomings carry practical implications for implementing the twin transition and speak to the need for further research. Consequently, this study addresses these gaps by identifying the factors influencing the organizational implementation of the twin transition. To this end, we conduct a semi-structured literature review to synthesize current research on twin transitions. We provide a novel definition of twin transitions as “two parallel and mutually reinforcing digital and green transitions that amplify each other, leading to sustainable competitiveness for firms”. Moreover, our analysis delineates a twin transition implementation framework, which includes triggers, organizational practices, foundational success factors, and outcomes for organizations. Our findings indicate that twin transitions are manifested through two key organizational practices: the initial stage of twin transition practices and the practices to achieve maturity in the twin transition. Furthermore, the study contributes to the growing literature at the intersection of digitalization and sustainability, providing numerous suggestions for future research and highlighting the importance of focusing on a firm-centric research agenda.
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引用次数: 0
Fintech development and corporate misconduct
IF 12.9 1区 管理学 Q1 BUSINESS Pub Date : 2025-02-03 DOI: 10.1016/j.techfore.2025.123988
Xuchang Chen , Zhu Zhang
This study investigates the impact of fintech development in a region on the likelihood of corporate misconduct. Fintech has the potential to reduce information asymmetry, provide financial resources, and enhance monitoring, thereby deterring corporate misconduct. Data from publicly listed firms in China shows that firms in regions with advanced fintech development are less likely to engage in financial misconduct. Furthermore, this study explores the interaction between formal and informal institutions, demonstrating that in regions with higher levels of social trust, the effect of fintech on corporate misconduct is less pronounced. Institutional ownership, as a key governance mechanism, moderates the relationship between fintech development and corporate misconduct.
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引用次数: 0
Unravelling the customer journey: A conceptual framework and research agenda
IF 12.9 1区 管理学 Q1 BUSINESS Pub Date : 2025-02-01 DOI: 10.1016/j.techfore.2024.123916
Cristina Mele , Linda D. Hollebeek , Irene Di Bernardo , Tiziana Russo Spena
While customer journey (CJ) research proliferates, prior studies have adopted different CJ conceptualisations, theoretical perspectives, and methods, fostering fragmentation in CJ research. Addressing this literature-based tension or gap, we systematically map the corpus of CJ literature to uncover its intellectual structure, reducing the rising fragmentation observed in this topic area. Specifically, we chart the CJ literature's evolutionary path and central themes in the period of 2001–2023. Using bibliometric- and thematic analysis, we identify six main CJ themes, including the CJ-based customer experience, CJ-based customer behaviour, CJ-based design, CJ-based smart technology, CJ-based social media, and CJ mapping, which collectively depict the CJ's intellectual structure in the study period. We also develop a conceptual framework of the CJ, which includes the focal concept and its key antecedents, mediators, moderators, and consequences. We conclude by outlining important theoretical and practical implications that arise from our analyses, and by offering an agenda for further CJ research.
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引用次数: 0
Virtual virtuous cycles. Mapping value structure in digital platforms and online communities realms
IF 12.9 1区 管理学 Q1 BUSINESS Pub Date : 2025-02-01 DOI: 10.1016/j.techfore.2024.123913
Laura Rodrigo , Miguel Palacios , Alberto Martínez-Corral , Javier Tafur
The term 'market' is increasingly synonymous with 'platform.' The combined annual revenues of the top five platforms alone surpass USD 7 trillion. Benefits can lead to further gains, with effects extending beyond just economic value. Recognising and assessing the values of these open infrastructures is essential, as the values perceived by stakeholders connected to an infrastructure are critical to the achievement of their own objectives. This paper represents the first comprehensive attempt to structure the diverse types of value presented by digital platforms and their associated online communities. A bibliometric analysis identifies the five clusters addressing values in these fields: digital platforms, ecosystems, and business models; online communities and co-creation, knowledge sharing, sharing economy; and social networks and social media infrastructures. Second, a review provides insights into how core studies from these disciplines approach values and offers a classification of the types of value identified. Our research indicates that, with very few exceptions, the concept of value is addressed in studies in a way that fails to fully capture the diversity of the term, focusing predominantly on the utilitarian dimension. This reflects a pursuit of rational satisfaction, albeit of a lower dignity order and with pointed psychological detachment.
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引用次数: 0
Less trust, more truth: Implications and design choices for business models and platform ecosystems in the age of Web3
IF 12.9 1区 管理学 Q1 BUSINESS Pub Date : 2025-02-01 DOI: 10.1016/j.techfore.2024.123810
Kilian Schmück , Magnus Schückes , Tobias Gutmann , Oliver Gassmann
Business model literature, while insightful, primarily focuses on the Internet and Web 2.0 contexts. The emergence of pioneering digital technologies, especially the Web3 anchored by blockchain, necessitates reevaluating business model paradigms, particularly those of platform business models within related ecosystems. This study delves into blockchain's unique affordances, investigating how they mold novel Web3 business model patterns and integrate into specific platform ecosystems. We scrutinize the characteristics, trajectories, and synergies of value creation and capture. Using a mixed-methods approach involving 171 interviews and a subsequent sample of 126 Web3 ventures, we delineate a taxonomy of Web3 business model dimensions, clustering emergent decentralized platform ecosystems into pertinent archetypes. Our theoretical model delineates how blockchain affordances influence these configurations, emphasizing the dynamic between a platform's nucleus and its fringes. We highlight Web3 platform design choices leaning towards data sovereignty, emphasizing how the degree of blockchain integration within platform governance—leading to information symmetry and platform disintermediation—transitions digital trust to what we term as digital truth.
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引用次数: 0
Emerging technologies, institutional groups and inter-organisational networks: The case of microneedles
IF 12.9 1区 管理学 Q1 BUSINESS Pub Date : 2025-01-31 DOI: 10.1016/j.techfore.2025.124006
Daniele Rotolo , Angelo Natalicchio , Alan L. Porter , David J. Schoeneck
This paper extends our understanding of how institutional logics contribute to inter-organisational collaboration formation during the emergence of a technology. We classify organisations into five institutional groups – Government (GOV), Healthcare (HC), Industry (IND), Non-Governmental (NGO), and Research and Higher Education (RHE). We then examine the extent to which collaborative relationships within (homophily) and across (heterophily) these groups shape network dynamics. We focus on an emerging technology, namely, microneedles, and estimate a series of Exponential Random Graphs Models (ERGMs) using publication co-authorship data. Our analysis provides evidence that institutional homophily contributes to the formation of inter-organisational ties – indicating that organisational actors tend to establish ties within their group rather than across different groups. However, the impact of this mechanism varies across groups and phases of technological emergence. In the early development stages, institutional homophily drives the formation of homophilous ties within the GOV and IND groups, where collaborations focus on basic technical challenges. This is followed by the HC group, where collaborations centre around clinical applications. In the later development stages, homophily continues to influence the formation of intra-group ties among the GOV, IND, HC, and NGO groups, with collaborations expanding to clinical applications and informing decision-making processes.
{"title":"Emerging technologies, institutional groups and inter-organisational networks: The case of microneedles","authors":"Daniele Rotolo ,&nbsp;Angelo Natalicchio ,&nbsp;Alan L. Porter ,&nbsp;David J. Schoeneck","doi":"10.1016/j.techfore.2025.124006","DOIUrl":"10.1016/j.techfore.2025.124006","url":null,"abstract":"<div><div>This paper extends our understanding of how institutional logics contribute to inter-organisational collaboration formation during the emergence of a technology. We classify organisations into five institutional groups – Government (GOV), Healthcare (HC), Industry (IND), Non-Governmental (NGO), and Research and Higher Education (RHE). We then examine the extent to which collaborative relationships within (homophily) and across (heterophily) these groups shape network dynamics. We focus on an emerging technology, namely, microneedles, and estimate a series of Exponential Random Graphs Models (ERGMs) using publication co-authorship data. Our analysis provides evidence that institutional homophily contributes to the formation of inter-organisational ties – indicating that organisational actors tend to establish ties within their group rather than across different groups. However, the impact of this mechanism varies across groups and phases of technological emergence. In the early development stages, institutional homophily drives the formation of homophilous ties within the GOV and IND groups, where collaborations focus on basic technical challenges. This is followed by the HC group, where collaborations centre around clinical applications. In the later development stages, homophily continues to influence the formation of intra-group ties among the GOV, IND, HC, and NGO groups, with collaborations expanding to clinical applications and informing decision-making processes.</div></div>","PeriodicalId":48454,"journal":{"name":"Technological Forecasting and Social Change","volume":"213 ","pages":"Article 124006"},"PeriodicalIF":12.9,"publicationDate":"2025-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143095530","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Artificial intelligence augmenting human intelligence for manufacturing firms to create green value: Towards a technology adoption perspective
IF 12.9 1区 管理学 Q1 BUSINESS Pub Date : 2025-01-30 DOI: 10.1016/j.techfore.2025.124013
Lei Huang , Tachia Chin , Armando Papa , Paola Pisano
Artificial intelligence (AI) profoundly influences value creation by boosting efficiency, fostering innovation and driving new business models and technological advancements, all while nurturing human intelligence (HI). However, the collaboration between AI and HI, crucial for augmenting the creation of green value and achieving sustainable development in manufacturing firms, remains ambiguous. We employed panel data from 935 A-share listed manufacturing firms in China (2010−2022) to reveal the potential influence mechanism of AI and HI collaboration on green value creation. Our findings revealed that AI technology adoption facilitated manufacturing firms in harnessing their HI for green value creation. Under the influence of AI technology adoption, HI, as with manufacturing firms' human and structural capital, contributed positively to green value creation. It is noteworthy that while higher-quality relational capital served as a potential driving force for manufacturing firms in creating green value, heightened AI technology adoption significantly impeded enthusiasm for this mechanism. The conclusions elucidate the intricate relationship between AI and HI collaboration and green value creation, expanding the application of technology adoption within the green innovation ecosystem. Furthermore, they offer practical insights for manufacturing firms in their pursuit of green value creation.
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Technological Forecasting and Social Change
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