We explore the impact of financial friction on resource misallocation and total factor productivity (TFP) of China. First, the mathematical models are derived to clarify the mechanism and consequence of resource misallocation, showing that financial friction leads to resource mismatch, and thus...

Improving collaborative innovation performance is essential. A significant challenge is how to effectively promote teams with notable differences to work towards innovation goals. Therefore, this study selected team goal setting, cognitive psychology and communication behaviors to investigate...