Research in transition economies like China has sought and found explanations for strategic behaviour based on institutional and other social processes, leading to descriptions of China's emerging business system as 'network capitalism'. This paper argues, however, that organizational...

Propensity score analysis becomes complicated when there are multiple treatments. Existing studies bypass this complication by focusing on two of the treatments at a time and calculate the pairwise treatment effects, but this pairwise comparison does not allow advanced analysis that investigates...

We present a unique approach to investigate how factors of funding liquidity and market liquidity in news stories can influence housing price. By text mining, we are able to identify factors of funding liquidity and market liquidity in news. This paper provides evidence on the interaction...

In this paper, by reviewing the development of telecommunication equipment industry from fixed phone switches to later 3G, TD-SCDMA, we conclude that the degree of matching between existing foreign products with Chinese market is the primary incentive for Chinese companies to catch-up. The...

The rapid growth of Chinese economy in the last two decades is an essential result of an effective state policy for its transformation into an open and market form. Similar changes took place in innovation system. The emphasis is placed on the cooperation of science and business, the...