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Based on the theory of incomplete contracts, this paper systematically explores the practical challenges of unclear data ownership and pricing mechanisms, uneven data quality, and barriers to interconnectivity in the core links of data transactions, such as asymmetric transaction information, inefficient data circulation and other incomplete contract phenomenon, through the analysis of data processing, data product listing, and data negotiation and delivery. The results indicate that the governance paradigm of“system-technology-standard”synergy provides guidance for the construction of a national integrated data market. Therefore, it is necessary to strengthen the protection of data property rights, rely on advanced technology to ensure traceability and secure delivery of ownership, promote data quality certification and dynamic pricing models, build a cross domain compatible standardized system and interconnection incentive mechanism, in order to fully unleash the circulation vitality and multiplier effect of the national integrated data market. Reference | Related Articles | Metrics | Comments（0） Select Research on the Influence Mechanism of Proactive Personality on Resilient Leadership Wang Tao, Zeng Hao Journal of Jiangxi University of Finance and Economics    2025, 0 (2): 36-46.   Abstract （70）            Knowledge map    Save In the context of VUCA, resilient leadership has an important impact on the development of organizations and employees. How to enhance resilient leadership has become the focus of academic attention. Based on the trait activation theory, this paper explores the influence mechanism of proactive personality on resilient leadership. The results of the analysis of 319 questionnaires collected show that proactive personality is positively correlated with resilient leadership. Proactive personality has positive indirect influence on resilient leadership through job remodeling. The higher the degree of regulatory focus, the stronger the indirect effect. In addition, the mediating effects of regulatory focus on job crafting plays a moderating role. herefore, enterprises should continue to strengthen the cultivation of resilient leadership, design resilient leadership development projects, add“resilient leadership”index to talent evaluation criteria, build proactive personality training system, add proactive personality assessment in talent selection, and prioritize the selection of leaders with proactive personality and adjustment focus. Effectively activate the coordination and matching of individual characteristics and organizations, enhance the adaptability of enterprises to cope with volatile environments, and help enterprises sustainable development. Reference | Related Articles | Metrics | Comments（0） Select Catching-Up Paths of Latecomers in Different Disruptive Innovation Market Situations: A Multi Case Study Hu Hai-bo, Mao Chun-bing, Jiang Hao-tian Journal of Jiangxi University of Finance and Economics    2025, 0 (1): 23-34.   Abstract （26）            Knowledge map    Save Adopting differentiated innovation strategies in different market contexts is the key for latecomers to catch up. The existing researches mainly focus on the catching-up problem of latecomers in the old market scenario, neglecting the catch-up strategies of latecomers in different market scenarios. Based on three types of market scenarios for disruptive innovation, this study explores the catching-up strategies and paths of latecomers in different disruptive innovation market scenarios through a multi case study method. The findings show that: (1) there are differences in the driving forces and means for latecomers to catch up in different disruptive innovation market scenarios; (2) in different disruptive innovation market scenarios, latecomers adopt different innovation strategies to catch up. In the old market scenario, latecomers mainly adopt exploitative innovation strategies, while in the new market scenario, latecomers mainly adopt exploratory innovation strategies. In the transition from the old market to the new market, latecomers successively adopt exploitative innovation strategies and exploratory innovation strategies; (3) in the context of disruptive innovation market, there are three paths for latecomers to catch up: sustained, disruptive, and compound. Therefore, the latecomers should enter the suitable disruptive innovation market scenarios according to their actual conditions and adopt their matching innovation strategies and catching-up paths. Reference | Related Articles | Metrics | Comments（0） Select The Resilience of the Manufacturing Industry Chain Enabled by Digital Economy: Multi-Dimensional Mechanism and Space Spillover Zhang Li, Chen Kai, Li Han-jun Journal of Jiangxi University of Finance and Economics    2025, 0 (1): 35-47.   Abstract （85）            Knowledge map    Save Improving the resilience and safety level of the manufacturing industrial chain is not only the need to build a new development pattern, but also the core content of constructing a modern economic system with Chinese characteristics. Based on the panel data of prefecture level cities in China from 2012 to 2022, this study explores the role and spatial effects of the digital economy in enhancing the resilience of the manufacturing industry chain. The findings show that, firstly, digital industrialization has driven the deepening of the data value chain through digital technology, and the digitization of industries has strengthened the basic capabilities of traditional industries through the use of digital technology, jointly driving the modernization and upgrading of the manufacturing industry chain. Secondly, the positive impact of the digital economy on the resilience of the manufacturing industry chain exhibits a non-linear characteristic of increasing marginal effects, indicating that the “Metcalfe's Law”is fully applicable in upgrading the resilience of the manufacturing industry chain. Thirdly, the digital economy can improve the resilience of the manufacturing industry chain by strengthening the synergistic agglomeration effect and enhancing the technological innovation effect of industries. Fourthly, the digital economy has a positive spatial spillover effect on the resilience of the manufacturing industry chain. Therefore, policies for industrial chain reform should be optimized around the external spillover effects of the digital economy, with a focus on technological innovation and industrial synergy agglomeration. Policies should be classified and implemented to further enhance the resilience and independent controllability of the manufacturing industry chain. Reference | Related Articles | Metrics | Comments（0） Select Digital Technology Empowering Green Low-Carbon in Global Industrial Chain: Theoretical Mechanism and Implementation Path FANG Yu-xia, YUAN Hong-lin, LIU Chen Journal of Jiangxi University of Finance and Economics    2024, 0 (6): 25-35.   Abstract （119）            Knowledge map    Save In the current new situation, with the rapid development of digital technology and the demand for green and low-carbon transformation, the global industrial chain is undergoing new changes, and digital technology has become a key force in promoting the green and low-carbon transformation of the global industrial chain. On the basis of defining the connotation of green and low-carbon in the global industrial chain, this paper explores how digital technology empowers the global industrial chain with green and low-carbon through the integration and sharing effect, precise allocation effect, and collaborative innovation effect. However, at present, the empowerment of green and low-carbon global industrial chains by digital technology still faces practical challenges, such as insufficient depth of digital technology integration, low degree of supply-demand matching in the global industrial chain, and increased difficulties in collaborative innovation. Therefore, in order to better promote the empowerment of global industrial chains with green and low-carbon digital technology, it is necessary to improve the integration standard system and deepen the application of digital technology, narrow the digital technology gap and improve the precise allocation capability of the global industrial chain, establish a sound intellectual property protection system and promote collaborative innovation in the global industrial chain. Reference | Related Articles | Metrics | Comments（0） Select Does the Market-Oriented Allocation of Data Elements Improve the Quantity and Quality of Enterprise Innovation LIANG Jin-kai, CHEN Guan-ju, LOU Xiao-ting Journal of Jiangxi University of Finance and Economics    2024, 0 (6): 36-49.   Abstract （200）            Knowledge map    Save Using the provincial panel data of 2011-2021 to measure the level of data element market allocation in China’s provinces (autonomous regions, municipalities), and combining the micro data of listed companies, this paper explores the impact of the market-oriented allocation of data elements on the quantity and quality of enterprise innovation and its mechanism. The findings show that the market-oriented allocation of data elements can enhance the quantity and quality of enterprise innovation. This conclusion remains robust even after conducting tests for robustness and endogeneity. The heterogeneity analysis show that the market-oriented allocation of data elements has a greater enhancement effect on the innovation quantity of the non-state-owned and highly competitive enterprises, as well as on the innovation quality of the large-scale and highly competitive enterprises. In regions with lower levels of marketization, the market-oriented allocation of data elements has a greater enhancement effect on the quality of enterprise innovation. The mechanism tests shows that the market-oriented allocation of data elements can enhance the quantity and quality of enterprise innovation through the innovation collaboration effect and digital transformation effect. Further analysis shows that the enhancement effect of the market-oriented allocation of data elements on both the quantity and quality of enterprise innovation are jointly driven by capital elements and innovation efficiency. The market-oriented allocation of data elements can enhance enterprise total factor productivity, however, there exists a time lag in the impact of innovation quality on the total factor productivity. Therefore, the government should attach importance to the value attributes of data, implement the application of data elements according to enterprise policies, focus on the internal and external innovation environment of enterprises, and leverage the synergistic effect of data and other elements, so as to achieve the promotion of market-oriented allocation of data elements on enterprise innovation and development.. Reference | Related Articles | Metrics | Comments（0） Select Research on the Contingency Impact of Entrepreneurial Team Reflection and Dual Leadership on the Improvisation of Dual Entrepreneurship ZHOU Lei, XIONG Li Journal of Jiangxi University of Finance and Economics    2024, 0 (5): 24-37.   Abstract （71）            Knowledge map    Save In today’s rapidly changing entrepreneurial environment, how entrepreneurial teams can use contingency to stimulate exploratory and developmental improvisational behaviors to respond to different situational needs has become an increasingly important focus in academia. Based on the contingency theory, this study explores the dual impact of entrepreneurial team reflection and dual leadership behavior on dual entrepreneurial improvisation from the perspective of team processes. Two classroom scenario experiments are designed based on the characteristics of task reflection and process reflection to conduct scenario task exercises. The findings of Experiment 1 reveal that both task reflection and leadership open behavior can predict more team exploratory improvisation, and leadership open behavior could enhance the positive impact of task reflection on exploratory improvisation, while leadership closed behavior will weaken the above effect. The findings of Experiment 2 show that both process reflection and leadership closure behavior can predict more team development improvisation, and leadership closure behavior can enhance the positive impact of process reflection on development improvisation, while leadership openness behavior will weaken the above effect. These two experimental results indicate that the strategically pairing team reflection and the dual leadership can generate multiple synergies, inspiring entrepreneurial teams to flexibly handle improvisational differences brought about by different reflections and to play an important regulatory role by the dual leadership, thereby achieving a dual balance of entrepreneurial improvisation in a larger temporal and spatial scope, and releasing the best effects of the two improvisations in responding to different environmental changes, so as to help the long-term development of enterprises. Reference | Related Articles | Metrics | Comments（0） Select Can the Development of Digital Inclusive Finance Narrow the Urban-Rural Income Gap GUO Hang Journal of Jiangxi University of Finance and Economics    2024, 0 (5): 38-52.   Abstract （144）            Knowledge map    Save The report of the 20th National Congress of the Communist Party of China proposed that achieving common prosperity for all is one of the basic goals of Chinese path to modernization, and narrowing the income gap between urban and rural areas is the key means to achieve this goal. Based on the data from 31 provinces in China from 2011 to 2020, this study uses spatial econometric models to explore the role and impact of digital inclusive finance development in narrowing the urban-rural income gap. The results indicate that there is an inverted U-shaped relationship between the development of digital inclusive finance and the urban-rural income gap. In the short term, the development of digital inclusive finance may temporarily exacerbate the urban-rural income gap, but in the long run, its sustained development will help narrow the urban-rural gap. Meanwhile, the development of digital inclusive finance also has spatial spillover effects. Further analysis shows that in the eastern and western regions, with lower industrial structure, lower urbanization level, and lower marketization level, the development of digital inclusive finance plays a greater role in narrowing the urban-rural income gap. At the same time, the role of digitalization level and coverage breadth is also evident. The mechanism analysis reveals that the development of digital inclusive finance can narrow the income gap between urban and rural areas by improving the level of traditional financial development and the human capital of farmers. Therefore, in the process of promoting the development of digital inclusive finance in the future, the government should pay more attention to expanding its application breadth, introducing relevant preferential policies to the central and western regions, and encouraging the developed regions to share infrastructure, so as to more effectively promote the narrowing of the urban-rural income gap and solidly promote the realization of common prosperity for all people. Reference | Related Articles | Metrics | Comments（0） Select Industrial Resilience: Connotation, Influencing Factors and Outlook YOU Liang, REN Qing Journal of Jiangxi University of Finance and Economics    2024, 0 (4): 33-44.   Abstract （198）            Knowledge map    Save Cultivating industrial resilience is a necessary strategy to cope with the profound changes unseen in a century and a practical move to promote the steady and sustainable development of China’s economy. However, the relevant research progress is rather slow, and the research results are relatively scattered. The existing studies vary in the analysis of the connotation, influencing factors, and measurement evaluation of the industrial resilience, lacking systematic summarization. This paper reviews the research progress of industrial resilience and its related fields, analyzes and evaluates the connotation and the measurement methods of industrial resilience, and outlines the influencing factors of industrial resilience. The findings show that industrial resilience is a complex coupling system composed of economic, social, and ecological environment subsystems that interact with each other. This paper focuses on the core contents of industrial resistance, recovery, re-orientation and renewal, aiming to achieve the sustainable development in the economy, the society, and the ecological environments. However, there are still deficiencies in the theoretical framework construction, comprehensive exploration of the research subjects, and cross-industry comprehensive researches in current industrial resilience researches, leaving broad space for future researches. In short, a systematical review of the industrial resilience can help to deeply understand it and provides useful references for promoting the improvement of China’s industrial resilience and the steady economic development. Reference | Related Articles | Metrics | Comments（0） Select Digital Transformation Enables High-Quality Development of Manufacturing Enterprises：From the Dual Perspectives of Economic Benefits and ESG Performance TAN Ya-fei, ZHU Zhao-hui, LI Min-xin Journal of Jiangxi University of Finance and Economics    2024, 0 (4): 45-58.   Abstract （461）            Knowledge map    Save Digital transformation is a stabilizer of the productivity and a catalyst for the sustainable development in manufacturing enterprises. Whether digital transformation can realize the“win-win”result between economic performance and ESG performance is an important issue in the high-quality development of manufacturing enterprises. Based on the data of the listed manufacturing enterprises from 2010 to 2020, this paper conducts an empirical study. The findings show that digital transformation can promote the high-quality development of manufacturing enterprises, that is, improving their total factor productivity and ESG performance at the same time. The mechanism validation shows that the innovation channel and the efficiency channel are the key paths for the digitalization to enable the high-quality development of manufacturing enterprises, and that digital transformation can promote the tilting of resources to high-productivity enterprises and effectively promote the improvement of ESG performance. Further research reveals that a favorable business environment and accelerated marketization can strengthen the positive effects of digitalization on the high-quality development of enterprises. In addition, there are significant structural changes in the impact of digital transformation on the high-quality development of enterprises. Therefore, the manufacturing enterprises should fully utilize digital technology to continuously promote the compound growth of economic performance and ESG performance, and continuously improve the talent training mechanisms. At the same time, the government should consolidate the institutional foundation, create a good business environment, improve the market mechanisms, so as to continuously release the role of digital transformation strategy in empowering the high-quality development of enterprises.. Reference | Related Articles | Metrics | Comments（0） Select Fintech and Bank Vulnerability: From the Perspective of Exogenous Fintech and Internal Digital Transformation LIN Xi, WANG Ren-zeng Journal of Jiangxi University of Finance and Economics    2024, 0 (3): 23-36.   Abstract （167）            Knowledge map    Save Under the background of increasingly severe prevention and control of systemic financial risks, in order to promote the digital transformation process of commercial banks and prevent the outbreak of systemic financial risks, it is of great importance to analyze the relationship between fintech and the vulnerability of banks and to examine whether the fintech can integrate perfectly with commercial banks. This paper makes use of the data of banks and cities from 2012 to 2020 to analyze the impact of external fintech and internal digital transformation of banks on the vulnerability of banks from both the internal and external perspectives. The findings show that exogenous fintech and bank internal digital transformation can significantly reduce the bank vulnerability mainly through improving the deposit and loan structure and the credit quality of banks. The degree of reduction in the vulnerability of rural commercial banks is significantly higher than that of urban commercial banks, and the exogenous fintech can promote bank internal digital transformation through the technology spillover effect. It is further found that the exogenous fintech can reduce the systemic risks of banks, but the marginal effect gradually weakens. And in the early stage of the development of the internal digital transformation of banks, there was no significant inhibitory effect on the systemic risks of banks. With the continuous advancement of the internal digital transformation of banks, its inhibitory effect on the systemic risks of banks gradually emerged and showed an enhanced marginal effect. Therefore, banks should rationally plan the fintech development strategy, fully grasp the opportunities of digital transformation, and guide the benign development of fintech. Reference | Related Articles | Metrics | Comments（0） Select A Review and Outlook on Social Innovation Researches: Based on the Self-Regulation Theory LI Xue-ling, LIU Jing, LIU Yuan Journal of Jiangxi University of Finance and Economics    2024, 0 (3): 37-48.   Abstract （154）            Knowledge map    Save Social entrepreneurship, as an emerging form of entrepreneurship that applies business principles to solve social issues, has become a hot topic in academic research and practical exploration over the past two decades. This form of entrepreneurship has not only attracted widespread participation from the practitioner community but also facilitated the in-depth theoretical research into its complex underlying mechanisms. Despite over twenty years of researches into social entrepreneurship theory, its research themes remain scattered, with numerous theoretical phenomena still awaiting in-depth exploration and elucidation. Given this, there is an urgent need to draw upon established theoretical models, and integrate and expand the existing research, so as to advance the development in the field of social entrepreneurship. In this context, by reviewing the domestic and international literature on social entrepreneurship, this paper summarizes, analyzes and comments the related studies according to the A-CEM-A model in the self-regulation theory. Based on the review of the existing researches, a model of the whole self-regulation process for social entrepreneurs is developed, highlighting the iterative process of dynamic changes and behaviors of social entrepreneurs induced by empathy and sympathy in the dynamic process of social entrepreneurship. Reference | Related Articles | Metrics | Comments（0） Select AI Technology and Human Capital Structure Upgrading: Intrinsic Mechanism and Empirical Test HAN Ying, XU Xue-lu Journal of Jiangxi University of Finance and Economics    2024, 0 (2): 13-26.   Abstract （207）            Knowledge map    Save With the intelligent transformation and upgrading of the traditional production mode by artificial intelligence technology, the production tasks are becoming more and more complicated and specialized, which puts forward new requirementsfor the adaptability of human capital structure. By incorporating the development of artificial intelligence, the upgrading of industrial structure and the upgrading of human capital structure into an organic theoretical analyzing framework, the internal mechanism and regional heterogeneity of the influence of artificial intelligence on the upgrading of human capital structure can be depicted. The empirical studies have concluded that, the development of artificial intelligence can not only directly promote the upgrading of human capital structure, but also play a positive role in the upgrading process of human capital structure by promoting the upgrading of industrial structure. The influence of artificial intelligence development on the advancement of human capital structure has significant regional heterogeneity: the eastern, central and western regions are experiencing a downward cascade, while the positive effect of the development of artificial intelligence in the middle reaches of the Yellow River, the middle reaches of the Yangtze River and the Southwest Comprehensive Economic Zone on the upgrading of human capital structurehas gradually highlighted. The government should speed up the construction of a long-term mechanism for the cultivation of artificial intelligence talents, promote the integrated development of artificial intelligence technology with the real industry, help the transformation and upgrading of industrial structure, and then promote the high-level advancement of human capital structure. At the same time, local governments should adapt to local conditions, orderly promote the development of artificial intelligence, and narrow the gap between regional human capital structures. Reference | Related Articles | Metrics | Comments（0） Select Digital Economy and Labor Income Inequality: Evidences from Smart City Pilot Policy BU Han, GAO Yuan-dong, XUN Zhou Journal of Jiangxi University of Finance and Economics    2024, 0 (2): 27-40.   Abstract （154）            Knowledge map    Save On the basis of a theoretical analysis, this paper takes the smart city pilot polciy as a quasi-natural experiment of China’s digital economy development. Based on the panel data of China’s prefecture-level cities and the A-share listed companies from 2007 to 2020, it studies the impact, mechanism and difference of digital economy development on labor income inequality with the help of a staggered difference-in-difference model. The findings show that the development of digital economy can significantly reduce the inequality of labor income, which is still valid after a series of robustness tests. From the perspective of impacting mechanism, the development of digital economy can reduce the inequality of labor income by improving the urban human capital level and reducing the urban labor productivity difference. The heterogeneity analysis reveals that in the eastern region, the secondary industry, the non-technical intensive industries and the state-owned enterprises, the development of digital economy has a stronger impact on labor income inequality. This research conclusion provides beneficial enlightenment for grasping the development opportunity of digital economy, narrowing the labor income gap, and ensuring the realization of the phased goal of common prosperity. Reference | Related Articles | Metrics | Comments（0）