Does innovation facilitate firm survival? Evidence from Chinese high-tech firms

Zhang, Dongyang; Zheng, Wenping; Ning, Lutao

doi:10.1016/j.econmod.2018.07.030

Cited by 79 publications

(44 citation statements)

References 45 publications

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“…A number of publications mentioned above (Zhang et al, 2018;Zheng, 2011) show an effort to maintain online communication that reduces the need for physical presence in a given location, thus facilitating business dealings. The present study concludes (Wang, 2016) that despite technologies making effective communication and trading smoother, Chinese business habits and pragmatism make it impossible to conduct trade negotiations in virtual environment only.…”

Section: Resultsmentioning

confidence: 99%

“…Arguably, only highly innovative and technologically advanced firms can survive. While maintaining its traditional culture and values, the new technologically-minded generation of entrepreneurs, manufacturers, buyers and sellers is changing the country's mind set (Zhang et al, 2018). The complexity and ambivalence of these developments also affect the commercial risk examined in the present study.…”

Section: Economic and Technological Aspects Of China As A Partnermentioning

confidence: 88%

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Determining Probabilities for a Commercial Risk Model of Czech Exports to China with Respect to Cultural Differences and in Financial Management

Polák¹

2019

JOC

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Certain risks associated with particular human activities cannot be eliminated, with commercial risks representing factors of business success or failure. In the current turbulent environment, proper risk assessment and management is of utmost importance in maintaining competitiveness. The aim of this paper is to present the output of our research which focused on the assessment of commercial risk faced by exporters to China, specifically, determining the probabilities for commercial risk model management. Along with this, the cultural context of the Chinese market influencing risk size are explored, particularly the concepts of tan-wej, kuan-si, li-ťie and mien-c', the effect of which was confirmed by our exporter survey. The research focused on Czech companies exporting goods and technologies to China. The study involves manufacturing enterprises (section C, CZ-NACE Rev. 2) as well as, more specifically, medium and large scale engineering, along with chemical and electrical power companies. Firms exporting common consumer goods, raw materials and recyclables were excluded from the study. The data were obtained from controlled interviews with company representatives (with 58 percent of the exporters participating in a 2013 research) and from Justice.cz (2016) which published economic results of all exporters registered in 2015. The study outcomes were further reviewed in 2016-2017 using follow-up interviews and literature reviews. In collecting the primary data and verifying research outcomes, semi-structured and structured interviews were conducted, following which methods of descriptive statistics and statistical dependence analysis were applied. The findings allow for the construction of a commercial risk assessment model for export to China, involving relative risk costs.

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Section: Resultsmentioning

confidence: 99%

Section: Economic and Technological Aspects Of China As A Partnermentioning

confidence: 88%

Determining Probabilities for a Commercial Risk Model of Czech Exports to China with Respect to Cultural Differences and in Financial Management

Polák¹

2019

JOC

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“…The paper by [ 18 ], uses data from 14,065 Chinese companies between 2007 and 2013. The authors use a discrete time risk model and analyze the effects of differences in internal and external innovation mechanisms, specifically the efficiency of innovation and the spillover effect of trade, on the probability of survival of firms.…”

Section: Literature Reviewmentioning

confidence: 99%

Use of the Industrial Property System in Colombia (2018): A Supervised Learning Application

Lis-Gutiérrez

Torres

et al. 2020

Lecture Notes in Computer Science

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The purpose of this paper is to establish ways to predict the spatial distribution of the use of the intellectual property system from information on industrial property applications and grants (distinctive signs and new creations) and copyright registrations in 2018. This will be done using supervised learning algorithms applied to information on industrial property applications and grants (trademarks and new creations) and copyright registrations in 2018. Within the findings, 4 algorithms were identified with a level of explanation higher than 80%: (i) Linear Regression, with an elastic network regularization; (ii) Stochastic Gradient Descent, with Hinge loss function, Ringe regularization (L2) and a constant learning rate; (iii) Neural Networks, with 1,000 layers, with Adam’s solution algorithm and 2,000 iterations; (iv) Random Forest, with 10 trees.

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“…Goedhuys [14], Pastor & Veronesi [15], and Arkolakis, Papageorgiou & Timoshenko [16], in support of these theories, have linked another theory to the issue of firm growth (survival): Active Learning Theory (ALT). ALT holds that as long as a firm is an active market player, whether adjusting its cost or being innovative, constantly responding to the market dynamics at play within the industry in order to survive, that firm would grow and expand [17]. In contrast to ALT is the Passive Learning Theory (PLT), which rather submits that all a firm needs to survive is to be efficient at its internal processes [18].…”

Section: Introductionmentioning

confidence: 99%

Firm Size and Age mediating the Firm Survival-Hedging Effect: Hayes’ 3-Way Parallel Approach

et al. 2019

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A James Gaskin Excel Macro Analysis is performed to determine the reliability of our scales, and a 3-way parallel mediation using the Andrew Hayes’ PROCESS model is applied to test the formulated hypotheses. Results show that hedging has a direct effect on firms’ survival; firms’ size and age individually do not strongly influence these effects, but a combination of the two does. We, therefore, concluded that while the hedging-survival effect exists on all forms of hedging, the practice of hedging is consequential for firms on the premise of their ages and numbers of employees.

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Does innovation facilitate firm survival? Evidence from Chinese high-tech firms

Cited by 79 publications

References 45 publications

Determining Probabilities for a Commercial Risk Model of Czech Exports to China with Respect to Cultural Differences and in Financial Management

Determining Probabilities for a Commercial Risk Model of Czech Exports to China with Respect to Cultural Differences and in Financial Management

Use of the Industrial Property System in Colombia (2018): A Supervised Learning Application

Firm Size and Age mediating the Firm Survival-Hedging Effect: Hayes’ 3-Way Parallel Approach

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