Sponsor(s): Industrial economy research institute
12 issues per year
Current Issue: Issue 11, 2018
Journal official website:http://www.jjgl.cass.cn/CommonBlock/GetSiteDescribeDetail/1242?channelID=1242
Economic Management Journal is supervised by Chinese Academy of Social Sciences, and sponsored by Institute of Industrial Economics, Chinese Academy of Social Sciences. It aims to report the economics-based management research, which is an indispensable reference for the management of scientific research. Its scope covers macro-economic management, industrial and regional economic management, business management, management science and engineering, public administration and management reviews. The Journal is included in CSSCI.
Associate Editors in Chief
Configuration research on the impact of tourism product innovation on perceived value of tourism experience
Business Management Journal,2018,Vol 40,No. 11
Tourists always hope to have a wonderful trip, and novelty experiences during the trip usually contribute to the memorable tourism experiences. Furthermore, tourism firms dedicate themselves to new tourism product development to meet tourists’ need and gain competitiveness. However, we still do not know how an individual new product experience influences the perceived value of the whole trip. In the field of perceived value of tourism experience research, researchers concentrate on the factors which can influence the perceived value, such as the attributes and quality of the perceived object and the characteristics of tourists. But previous studies have not shared a common view on the effects of some factors, such as studies in tourism research suggest that novelty positively influences tourist experience (Tung and Ritchie, 2011), while innovation researchers believe that novelty is a double-edged sword that too much novelty would decrease customer’s evaluation of the innovative product (Jhang et al., 2012). Therefore, as tourist experience is the interaction of tourists, tourism products and destinations, it is necessary to analyze the synergistic effect of different factors on the perceived value of the whole trip. And qualitative comparative analysis (QCA is appropriate for synergistic effect research. The research object of this paper is to explore how the new tourism product experience would influence their perceived value of the whole trip. Based on the research object and literature review, the paper put the attributes (novelty, enjoyment, practicability, participation) of innovative tourism product and innovativeness of the tourists, and tourist’s satisfaction with the new product as the representative of product quality in the conceptual model. In order to balance the comprehensiveness requirement and parsimony requirement of QCA) factor selection, the paper also chose tourism product category (core product or peripheral product) and popularity of tourism destinations as antecedent variables of perceived value of tourism experience. QCA uses set theory and Boolean algebra as calculation fundament and picks some effective factor combination which is the configuration via consistency criterion and coverage criterion. QCA identifies different antecedent combinations leading to the same result which is a common phenomenon in social science. The paper used questionnaire survey to collect data and 576 valid questionnaires were used in QCA. All factor loading of measure items are above than 0.65. The Cronbach α and composite reliability of the scale are meet the requirements. The confirmatory factor analysis suggests that the scale is adequate to measure the latent variables. The paper coded the data according to the QCA requirements and then used QCA2.5 to calculate the results. Intermediate solution is chosen to report. There are 9 combinations of the antecedent factors which can affect the perceived value of tourism experience. They are innovativeness of the tourists’ satisfaction hedonic destination awareness peripheral product, innovativeness of the tourists’ participation destination awareness peripheral product, innovativeness of the tourists’ satisfaction hedonic core product, satisfaction utilitarian hedonic core product, innovativeness of the tourists utilitarian destination awareness peripheral product, satisfaction utilitarian destination awareness peripheral product, utilitarian hedonic destination awareness peripheral product, innovativeness of the tourists satisfaction utilitarian hedonic peripheral product, and satisfaction hedonic novelty destination awareness peripheral product. It is obvious that for different type of tourism products, the influential combinations of factors are different; and for individual tourists, they can be influenced by multiple combinations. Other than previous research focus on the constant relationships among variables, this study revealed that the perceived value of tourism experience is determined by “specific condition.”In theory, the antecedent complexity of perceived value of tourism experience has been solved and the interactive effect of multilevel factors has been confirmed. Especially, this study identifies one specific condition that the novelty of new tourism product will influence tourists’ perceived value of the whole trip, which explains why there is an argument about the effect of novelty. In practice, tourism enterprises can select an optimal new product development plan from the configuration base on the operation condition.
Servant leadership and employee creativity: based on the research on the moderating role of perceived leader authenticity
Business Management Journal,2018,Vol 40,No. 11
For a long time, researchers in the management field have questioned whether the roles of “leader” and “servant” can be integrated into the same person at the same time. This has also made management scholars doubt about the authenticity and feasibility of servant leadership behavior. Especially in China’s high-power distance culture, it is true that leaders’ willingness to sacrifice their personal interests to achieve the interests of their staff, to a large extent, will confuse the employees and others. They will guess whether this is a true expression or a show, which will greatly affect the employee’s acceptance and recognition of leadership behavior, which in turn will affect the employee’s psychological state and work behavior. Ultimately, it will affect the effectiveness of servant leadership. However, the effective functional mechanisms of servant leadership in Chinese cultural background are still not clear, even less known is about the mediating mechanism and boundary condition in the relationship between servant leadership and employee creativity. To solve these questions, this study will explore the relationship between the effectiveness of servant leadership and employee’s work behavior. According to attribution theory of leadership process, interaction between leaders and employees is a process of mutual attribution. During this process, employees will form perception and attribution of leadership behaviors, which in turn will affect employees’ different psychological states and perform different behaviors. Ultimately, they will determine the effectiveness of leadership behaviors. Based on attribution theory of leadership process and previous studies, we speculated that employees tend to attribute servant leadership positively to leaders’ inner characteristics, which could nurture employees’ psychological safety and promote employee creativity. Moreover, the perceived leader authenticity, as an important factor in the internal attribution process towards leadership, could strengthen the positive relationship between servant leadership and psychological safety. To test hypotheses on the above, 267 supervisors and subordinates were investigated by questionnaire in this study, and the model was tested by theoretical analysis. In detail, the empirical findings show that (1) servant leadership exerts a positive influence on employees’ psychological safety; (2) psychological safety mediates the indirect relationship between servant leadership and employee creativity; (3) perceived leader authenticity positively moderates the relationship between servant leadership and psychological safety; and (4) perceived leader authenticity also positively moderates the indirect relationship between servant leadership and employee creativity through psychological safety. The current study made several theoretical contributions. First, this study, to a certain extent, verified and broadened the connotation of attribution theory of leadership process from the empirical level. Second, this study considered psychological safety as a mediation variable linking servant leadership and employee creativity, which complements the role of servant leadership in influencing employee creativity from a new perspective. Third, this study regards the leader authenticity as the boundary condition, which indicates the limitation of application of the servant leadership. Fourth, this study explored the boundary effect of perceived leader authenticity on servant leadership behavior, which complements the research on the mechanism of leader authenticity. At last, the research sample was from the Chinese context, which provides empirical evidence of the attribution theory of leadership process of servant leadership from the high-power distance culture. Finally, the limitations, practical implications and future research directions were also clarified.
Do heroes must be ask origin? Information disclosure quality and identity discrimination in network lending market
Business Management Journal,2018,Vol 40,No. 11
The online lending market, as an emerging model of Internet finance innovation, has enabled to achieve a win-win situation in monetary and financial communication for lenders and borrowers by non-face-to-face method, which attracts more and more scholars’ attention. Scholars have conducted in-depth research on discrimination in the online lending market, such as gender, marriage, geography and academic discrimination. But there is currently little literature on the issue of identity discrimination in the Chinese online lending market. This paper focuses on the identity label of borrowers, studies whether there is obvious identity discrimination in the online lending market in China, and whether the improvement of the quality of information disclosure can weaken or slow down identity discrimination. In view of the above problems, this paper uses micro-transaction data of the “renrendai” network lending platform from 2014 to 2015, conducts in-depth research on the existence of identity discrimination and the relationship between the quality of information disclosure from the three dimensions of borrowing success probability, success rate of historical borrowings and interest rate of borrowing orders using Probit model and the general regression model, and discusses the risk identification ability and market operation efficiency in the online lending market. Through the Probit regression of the probability of borrowing success, the ordinary least squares (OLS) regression of success rate of historical borrowings and interest rate of borrowing orders, the empirical results show that the overall information disclosure quality of China’s online lending market is low, and there is a significant problem of professional identity discrimination. Further research in this paper finds that after the control of the relevant variables, the identity label is significantly positively correlated with the success probability of borrowing and the success rate of historical borrowing, and is significantly negatively correlated with the interest rate of borrowing orders, indicating that there is significant identity discrimination in the online lending market in China at this stage. Further, we group the samples according to the loan amount. The sample regression results after grouping show that with the improvement of the quality of information disclosure, the effect of the identity label on the probability of loan success, the success rate of historical borrowing and the interest rate of the borrowing order is gradually weakened, and gradually degenerates from significant to insignificant.This indicates that the improvement of the quality of information disclosure by borrowers in the online lending market can alleviate and weaken the issue of identity discrimination. The marginal contribution of this study mainly includes two aspects. First, this study provides a new perspective for the research on discrimination based on the identity label perspective in the online lending market. Second, based on the impact of the quality of information disclosure on identity label and studying the changes in the efficiency of capital operation in financial markets, this study has certain practical significance for improving the credit authentication mechanism and mitigating information asymmetry. The results of this study show that the online lending market can solve the financing problem of long-tail group through non-face-to-face method of both borrowers and lenders, but at the same time there is also identity discrimination. With the improvement of the credit authentication mechanism and the improvement of the quality of information disclosure, the online lending market can effectively identify financial risks, weaken or even eliminate identity discrimination in the process of lending, and improve the efficiency of capital operation in financial markets. Therefore, it is necessary to improve the information disclosure mechanism of online lending platform, unify information authentication standards, encourage borrowers to focus on the cultivating their own credit ratings, increase effective personal information, improve the quality of information disclosure, and promote the healthy development of the online lending market.
Smog besieging the city: the influencing mechanism of smog perception on talents flow tendency under dual channel perspective
Business Management Journal,2018,Vol 40,No. 11
In response to whether smog pollution will affect the flow tendency of talents in smog-polluted areas, this study explores the connotation, dimensions and measurement questionnaires of smog perception from the perspective of “dual channels” of outflow tendency of employment talents and inflow tendency of learning talents in smog-polluted areas. The concept of smog perception is categorized into six dimensions: smog essence perception, physical health risk perception, mental health risk perception, work (learning) behavior perception, government control ability perception, citizen responsibility behavior perception. Smog essential perception, physical health risk perception, mental health risk perception and work (learning) behavior perception emphasize the negative effects of smog on people’s physiology, psychology and life. It is the risk that people are passively perceived because they are exposed to smog pollution, therefore, these four dimensions belong to smog risk perception, while citizen responsibility behavior perception and government control ability perception emphasize the extent to which individuals perceive themselves or other organizations (others) from the perspective of active control to take positive actions to reduce smog risk and thus belong to smog control perception. Therefore, it can be considered that the smog risk perception and the smog control perception may constitute “smog perception” from the passive and active perspectives, respectively. Then the two kinds of perceptual variable roles are deduced theoretically, and a preliminary conceptual model is constructed from the perspective of independent variables and moderator variables. At the same time, on the basis of literature review, this paper seeks place identity as an intermediary variable between smog risk perception and talents flow tendency, and brings it into a unified research framework to form a final conceptual model, and then discusses the internal influencing mechanism of smog risk perception on talents flow tendency. The results show that the four dimensions of smog risk perception have different effects on the flow tendency of employment talents and learning talents. Physical health risk perception and mental health risk perception not only have a positive impact on the outflow tendency of employment talents, but also have a negative impact on the inflow tendency of learning talents. Smog essence perception has no significant impact on the flow tendency of employment talents and learning talents. Government control ability perception and citizen responsibility behavior perception moderate the relationship between smog risk perception and talents flow tendency. As far as the employment talents are concerned, the perception of government control ability perception significantly weakens the positive influence of mental health risk perception on their outflow tendency, and the perception of citizen responsibility behavior significantly weakens the positive influence of physical health risk perception on their outflow tendency. In terms of learning talents, government control ability perception significantly weakens the negative impact of mental health risk perception and physical health risk perception on their inflow tendency. This study divides place identity into five dimensions: external evaluation, overall attachment, continuity with the past, familiarity and commitment. From the perspective of “dual channels” of talents flow, this study finds that the mediating role of place identity is different for different subjects. Specifically, the five dimensions of place identity partially mediate the relationship among physical health risk perception, mental health risk perception, work (learning) behavior perception and outflow tendency of employment talents. External evaluation and commitment partly mediate the relationship between physical health risk perception and mental health risk perception and inflow tendency of learning talents. Finally, according to the above research results, in view of the differences in smog risk perception and smog control perception between employment talents and learning talents, this study puts forward policy-driven management suggestions from the perspective of government and organization, and combining with the different emotional effects of place identity on employment talents and learning talents, this study also puts forward some emotional-driven management suggestions. It is hoped that under the dual drive of policy and emotion, some practical guidance will be provided for the introduction and retention of talents in smog-polluted areas.
Structural dimensions and the influencing mechanism of the political capability of corporate senior leaders
Business Management Journal,2018,Vol 40,No. 11
The political capability of corporate senior leaders plays an important role in the enterprises’ properly handling their relationships with stakeholders in the political environment and gaining competitive advantage. Based on the grounded theory, this paper analyzes the data collected through interviews with 54 mid-level and senior leaders from Chinese enterprises, establishes a model for the structural dimensions and influences of the political capability of corporate senior leaders, and interprets the model through the strategic leadership theory and the upper echelons theory. The research results show the following. The political capability of corporate senior leaders consists of five dimensions including political strategic thinking ability, the ability to understand the policy environment, the ability to develop relationship networks, social image management ability and the ability for organizational building. The political capability of corporate senior leaders, on the macro, organizational and individual levels, and either directly or by affecting the corporate style, competitive advantages and risks, has an effect on employee development, industry environment, and social benefits, and ultimately acts on the business performance and development. This paper enriches and extends the leadership theory, contributes to the effective utilization of the political capability of corporate senior leaders, and is conducive for the regulation of the political behaviors of enterprises and their leaders.