How digitalization promotes the improvement of enterprise accounting information quality has drawn attention from both the academic and industrial circles, but the internal driving mechanism at the micro level has yet to be clarified. Based on the theory of resource orchestration, this paper conducts an in-depth study on the stage-specific characteristics and internal mechanisms of the accounting information quality improvement in manufacturing enterprises driven by digitalization. In light of the intelligent manufacturing transformation of Midea Group since 2012 and with a longitudinal single-case study method, we discover that: (1) the digital transformation of manufacturing enterprises is manifested as a resource orchestration process involving the construction, bundling and leveraging of digital resources; (2) at different stages of digital transformation, digitalization has effectively enhanced the quality of accounting information for enterprises; (3) the intrinsic mechanism by which the digital transformation of manufacturing enterprises enhances the quality of accounting information lies in strengthening the internal control level of the enterprises and improving their various key capabilities. The resource orchestration actions driven by digital transformation are the key processes for converting digital advantages into the accounting information quality. This paper discovers the evolution laws of digital transformation in manufacturing enterprises, reveals the internal mechanism by which digitalization promotes the improvement of accounting information quality in manufacturing enterprises, expands the application scenarios of resource orchestration theory, and can provide a reference for the intelligent upgrade of manufacturing enterprises in the digital economy era.

The integration of business and finance is an important way to promote the lean management of traditional printing enterprises, break organizational barriers, optimize resource allocation, and recreate enterprise values. New printing industry models based on digital and intelligent technologies are accelerating industrial transformation and bringing significant opportunities for the industry to achieve comprehensive integration of business and finance, empowerment and upgrading. Based on the grounded theory for the localized process, focusing on the key paths and mechanisms of digital intelligence empowered business and finance integration, a longitudinal single-case study of the benchmark enterprise Guangdong Xingyi was conducted to construct a theoretical model of pressure driven - capability foundation - mechanism operation - value creation. The research shows: (1) market pressure, policy guidance and technological change constitute the core driving force for the transformation and upgrading of traditional printing enterprises. (2) enterprises need to strengthen basic construction such as organizational construction, technological investment and talent incubation, and transform internal conditions into transformational momentum. (3) through the three-way collaboration of “reconstructing organizational rules to break departmental barriers, upgrading the financial ecosystem to cultivate digital and intelligent capabilities and connecting platforms to deepen the data link”, the process of digital and intelligent empowerment of business and finance integration in traditional printing enterprises can be promoted. (4) under the drive of the collaborative mechanism, the integration of business and finance of traditional printing enterprises will evolve towards interconnection, streamlined operations and ecosystem operations, ultimately reshaping the value chain. The research addresses the impact mechanism of promoting the integration of business and finance in traditional printing enterprises in the digital era, and hopes to provide a theoretical framework and implementation path reference for accelerating the digital transformation of the integration in traditional manufacturing.

Promoting the party and business integration is the only way for state-owned enterprises to deepen reform and achieve high-quality development. However, the disconnect between the party and business operation persists in state-owned enterprises. Existing research has neither revealed their integration process, nor extracted and summarized the integration paths and models. Based on the case analysis of two large central state-owned enterprises, Group A and Group B, this paper introduces the bidirectional embedding theory to discuss the motivation, paths, and effects of the party and business integration, and constructs a mechanism model of bidirectional embedding integration between the party and business operation. The study finds that although the initial motivation for the integration mainly comes from external rigid requirements, this process gradually cultivates internal motivation. From the perspective of integration paths, the dual-embedding paths can be divided into four categories, that is, political embedding as the premise, structural embedding as the foundation, cultural embedding as the key, and cognitive embedding as the focus. The embedding process evolves through rigid embedding, reverse embedding, and flexible embedding. This study can help to enrich theoretical research on the party and business integration, and can provide practical guidance for its implementation in state-owned enterprises.

SRDI enterprises are a core underpinning for advancing China’s high-quality economic development, enhancing the resilience of industrial and supply chains, and accelerating the formation of new productive forces. The urgent issue that needs to be addressed is how to cultivate and enhance their growth resilience. By constructing a research framework based on TOE theory and conducting a comparative analysis of dual case studies, this research explores adaptive pathways for the resilient growth of SRDI enterprises. Findings reveal that for SMEs engaged in component R&D under non-self-reliant models, individual enterprises struggle to complete the entire operational cycle from R&D to sales. Multi-stakeholder collaboration emerges as an effective growth pathway, aligning with the constellation network development model. Their growth trajectory exhibits characteristics of “exploratory innovation” “iterative optimisation and collaborative development” and “shaping leadership”. For SMEs operating under a self-reliant model that integrate R&D, production, and finished product sales, growth is directed by leaders through top-down divergent thinking. Adapting to a spider-web cultivation development model path involves integrating technological, product, and market elements to break monopolies, expand potential market space, and achieve value extension and diffusion-driven growth. Their development process exhibits characteristics of “developmental innovation” “balanced development” and “strategic new business models”. By clarifying and categorising the numerous factors influencing the cultivation and development of SRDI enterprises, this approach broadens the pathways for nurturing such enterprises and provides valuable insights for the development of SMEs.

The rapid iteration and application of digital technologies have not only had a profound impact on the paradigm of technological innovation, but also provided a window of opportunity and a source of strength for the innovative development of enterprises. This paper uses the programmed rooting theory to conduct a single case study of JD Logistics Enterprise and reveal the processes and mechanisms of digitally empowered technology innovation in the enterprise. The results show that: (1) digitalization empowers the entire process of the enterprise’s technological innovation through data resources and digital technologies. In the different stages of the evolution and advancement of “information technology introduction innovation — digital breakthrough innovation — digital intelligence interactive innovation”, progressive innovation and breakthrough innovation play different roles, and alternately coexist and promote each other to improve the process of enterprise innovation and development. (2) the realization mechanism of digital empowered enterprise technological innovation includes resource integration mechanism, perception mechanism and synergy mechanism. Among them, the resource integration mechanism works on resource allocation and technology accumulation, the perception mechanism is reflected in intelligent perception and core technology breakthroughs, and the synergy mechanism realizes open collaboration and value co-creation. The three mechanisms work together to promote technological change and innovation at different stages of the enterprise’s development, so as to realize the integrated development of the value chain, the supply chain and the innovation chain. This research enriches the application scenarios of digital empowerment theory, expands the boundaries of research on ambidextrous innovation theory, and provides theoretical basis and practical inspiration for the innovative development of enterprises in the digital environment.

Equity pledge provides a fast financing channel for listed companies. However, some enterprises conduct excessive earnings management while carrying out equity pledge, which conceals complex motives and potential risks, and requires in-depth analysis. Taking Senyuan Electric as an example, this paper deeply analyzes the motives of its controlling shareholder’s high proportion of equity pledge and conducts a comprehensive analysis of debt repayment, operation, profit and growth capabilities, and the economic consequences brought by excessive earnings management. The research finds that Senyuan Electric has concealed a series of economic consequences brought by high proportion of equity pledge through earnings management, and excessive earnings management has not truly enhanced the company’s long-term development capabilities, but the company’s financial situation has deteriorated instead. In recent years, Senyuan Electric has begun to show positive signs of recovery in finance by optimizing business structure, reducing long-term project investment, and adjusting equity structure and introducing state-owned capital. This study has guiding significance for the practice of equity pledge and earnings management in listed companies and their controlling shareholders in China.

Long-term planning is not only the scientific methodology and fundamental principle for state-owned enterprises (SOEs) to advance reform and development practices, but also their core internal logic for addressing instability and uncertainty in the external environment. Focusing on the principle that Party Committees (Party Leadership Groups) play the “leading role” in state-owned enterprise governance practice, this single case study conducts an in-depth exploration of the core issue of how Party Building shapes enterprises’ long-term orientation. The results reveal the key connotations of long-term orientation of SOEs from the perspective of Party Building, including farsightedness, continuity, strategic resolve, and resilience. It also refines the multi-level embedding mechanism with responsibilities, the systematic construction mechanism with top-down alignment, and the cross-level inspiration mechanism with leading demonstrations in Party Building work of SOEs, and clarifies the inherent logic and implementation through which Party Building in SOEs fosters long-term orientation of enterprises. The research results can not only help managers understand the connotation of Party Building, undertake their responsibilities, and coordinate the long-term development of multiple stakeholders, but also provide support for the high-quality development of state-owned enterprises.

New energy vehicles represent a typical example of the integration between digital economy and real economy. Leveraging digital technology to promote collaborative innovation among multiple agents and thereby form competitive advantages is a significant strategic challenge for new energy vehicle enterprises in digital economy. From a coupling perspective, this study conducts a case analysis of two new energy vehicle manufacturers, BYD and XPeng Motors, to explore the process mechanism of multi-agent innovation driven by digital technology. The findings indicate that: Firstly, the context of industrial transformation drives relevant innovation agents to form three types of interactive relationships through digital coupling channels, namely, complementary coupling, breakthrough coupling, and mutual assistance coupling. Secondly, based on differentiated combinations of coupling relationships, two types of multi-agent coupling mechanisms centered on new energy vehicle manufacturers are established, that is, the digital platform-driven coupling mechanism and the digital middle platform-driven coupling mechanism. This study provides insights into the research on multi-agent behavior in digital innovation and offers theoretical references for Chinese new energy vehicle manufacturers to utilize digital technology to promote multi-agent innovation.

Intelligent equipment manufacturing enterprises have developed rapidly in recent years, occupying the core position of manufacturing industry. With high industrial relevance and technological contents, such enterprises are an important bridge to change the overall manufacturing industry using digital technology. In the current era of increasingly progressive digital development, this paper anchors the research object based on digitalization drive, explores the service-oriented manufacturing transformation path of intelligent equipment enterprises under digitalization drive, and provides guidance for the high-quality development of manufacturing industry. We use the single case study method to conduct multiple visits and in-depth research on the typical intelligent equipment manufacturing enterprise Z, to abstract the core dynamic capabilities of its service-oriented transformation and its role in the mechanism. The research conclusions are as follows: (1) the dynamic capabilities of digitalization to successfully drive the transformation of the enterprise's service-oriented manufacturing include four dimensions, namely, the digitalization-driven service-oriented manufacturing perception ability, supply chain synergy ability, change and radiation capability. (2) perception capability is a prerequisite for the service-oriented manufacturing transformation, supply chain synergy capability is an important grip for the transformation, change capability is a specific process in the transformation, and radiation capability is the ultimate goal of the transformation. (3) beyond the traditional three-dimensional dynamic capability, a new fourth dimension, radiation capability, is identified. It can play a leverage role in the upstream and downstream of the transformed enterprise as well as broader traditional manufacturing enterprises, serving as an essential capability for fostering a virtuous cycle within the service-oriented manufacturing ecosystem. (4) the four-dimensional dynamic capabilities are interdependent and interact with one another, presenting the dynamic characteristics of cyclic evolution to support the construction of a robust service-oriented manufacturing ecosystem.

This paper aims to evaluate the effectiveness of the implementation of the diagnosis related groups (DRG) payment reform in Hospital A and analyze it from the perspective of multiple economic groups. The study constructs a multi-dimensional evaluation model that covers five aspects, namely, the use of medical insurance funds, the social benefits of hospitals, the efficiency of medical services, the quality of medical services, and the burden of patient treatment. By employing the double machine learning (DML) method, the study controls for confounding factors in high-dimensional data and complex models to more accurately estimate the causal effects of the DRG payment reform. The findings indicate that the DRG payment reform significantly improved the degree of medical reform implementation, especially among the employed workforce group. Additionally, the study conducted robustness tests, including parallel trend tests, placebo tests, and model re-specification, to ensure the reliability of the research results. Finally, the paper proposes targeted policy recommendations, such as developing differentiated DRG payment strategies, to promote the in-depth implementation of the DRG payment reform.

This paper provides a comprehensive review of the existing literature on employee stock ownership plans (ESOP) both domestically and internationally, summarizes four theoretical hypotheses, and compares the differences in ESOP systems between China and other mature markets. Drawing on an in-depth case study of Kangdexin Composite Materials Group (KDX), the research finds that there are certain deficiencies in China's ESOP systems, which leads to the ESOP being used as a tool for anti-takeover or protecting the management and controlling shareholders' entrenched positions. “Devil's contracts” are embedded in the ESOP, and the ESOP becomes a tool to entice and coerce key employees, allowing the management or controlling shareholders to manipulate profits, plunder wealth, and embezzle wealth of the listed company. This paper discovers the economic consequences of ESOP as “devil's contracts”, such as profit manipulation, insider trading, and a wave of employee resignations. Finally, the paper proposes suggestions for improving the ESOP system.

As a pivotal instrument and pathway for territorial spatial governance in the new era, whole-region comprehensive land consolidation plays a critical role in promoting high-quality urban-rural integration and deepening the reform of ecological civilization institutions. Analyzing the governance mechanisms of “why it is effective” and “how to optimize it” is crucial for advancing these objectives. Based on symbiosis theory, this study constructs a three-dimensional analytical framework encompassing symbiotic units, symbiotic environment and symbiotic mode, and conducts both explanatory and exploratory research with Shanghai as a case. The findings demonstrate that symbiosis theory provides a relatively robust and systematic paradigm for analyzing governance mechanisms in whole-region comprehensive land consolidation, while offering replicable policy instruments. In Shanghai, unified countryside-unit village planning and deliberative cooperative governance have effectively forged consensus among stakeholders and strengthened mutual trust among symbiotic units. Building on this foundation, innovative policy instruments have created a harmonious symbiotic environment, thereby incentivizing broader participation in reciprocal symbiotic behaviors, fostering networked collaboration among symbiotic organizations, and ultimately ensuring the sustainability of governance outcomes. This study further reveals the intrinsic consistency between Shanghai's practices and the philosophy of green development. Accordingly, it proposes an optimization pathway toward “green symbiosis”, including refining top-level design to build consensus on green development, advancing the mainstreaming and greening of policy innovations, prioritizing nature-based consolidation practices while balancing action priorities, and enhancing inter-regional synergy and adaptive management.

Taking NJTC as the research object, the study explores the dynamic evolution of policy-induced burdens and financial distress. The results show that: First, excessive policy-induced burden will distort enterprises’ financial behaviors, leading to over-investment and over-indebtedness, and ultimately resulting in financial distress. Second, the government will provide support for enterprises that fall into financial distress due to undertaking policy-induced burdens. Third, the complete reversal of enterprises’ financial distress depends on the mitigation of policy-induced burden. The research results reveal the hidden political factors behind the formation and reversal of enterprises’ financial distress, which not only helps to deepen the understanding of the government-enterprise interaction relationship in the context of transitional economy, but also provides pragmatic insights for practical engagement between enterprises and the government.

Promoting the sustainable growth of family farms is a crucial measure to address the insufficient endogenous driving force of economic growth in rural areas, build a modern and distinctive rural industrial system, and promote common prosperity among farmers and rural communities. Drawing on the cognitive evaluation theory, this study selects four typical family farm entrepreneurship cases in Hunan Province to examine the internal mechanisms by which farmers' entrepreneurial call continuously enhances the entrepreneurial performance of family farms. The findings reveal that farm owners with an entrepreneurial call can stimulate family farm vitality through imitative opportunities, improvement opportunities and innovative opportunities. In the incubation stage, a passion for agriculture and the need for achievement prompt farm owners to identify imitative opportunities, enabling them to leverage existing market “end—means” relationships to achieve economic and social performance for family farms. In the survival adjustment stage, perseverance and entrepreneurial immersion aid farm owners in recognizing improvement opportunities, allowing them to enhance entrepreneurial performance by adjusting technology, product, or service elements within existing “end—means” combinations. In the growth exploration stage, professional identity and entrepreneurial mission encourage farm owners to identify innovative opportunities, empowering them to creatively combine resources to establish new “end—means” relationships and ultimately achieve a comprehensive upgrade in entrepreneurial performance. The study elucidates the mechanism by which entrepreneurial opportunity identification driven by entrepreneurial call promotes an increase in entrepreneurial performance and expands research on rural entrepreneurship. It provides theoretical support and practical insights for achieving high-quality development of family farms and boosting the momentum for comprehensive rural revitalization.

In the digital and intelligent era, massive information technologies and intelligent platforms have been deeply integrated intoteaching scenarios, bringing development opportunities to the teaching of ideological and political courses in universities, while also bringing a series of practical challenges. Based on constructivist learning theory and focusing on different university cases, this study uses a qualitative research method and conducts an in-depth analysis of the effectiveness of the integration between information technology and the teaching of ideological and political courses. The results show that the identified four main categories of the creation of teaching environment field, curriculum teaching practices,the development of online course resources,and teachers’competence improvement constitute the driving forces that drive students’motivation to learn ideological and political courses, as well as improve the “three in one” educational effect. A model of “internal and external driving forces — learning motivation — educational effect”was constructed. The feasibility of the model was verified through a gray correlation analysis, and a five-point scale was used to conduct survey measurement and systematically analyze the problems existing in the current information-based teaching mode of ideological and political courses. Accordingly, effective suggestions are proposed from different levels. The research results provide necessary academic support for promoting the comprehensive improvement of the educational quality of ideological and political courses in universities.

Amidst the rapid expansion of online education platforms, key challenges in compliance, competition, and sustainable development have made platform governance a critical issue. Existing research, however, remains largely static and insufficiently examines the evolutionary stages and underlying dynamics of their governance mechanisms. This study addresses this gap by investigating the dynamic governance mechanisms of online education platforms through a case study of Zuoyebang. Drawing on ecological niche theories, we develop an analytical framework integrating “situation—means—effectiveness” to systematically examine governance motivations, strategies, and outcomes of platforms across different development stages. Using multi-source data and grounded coding, we analyze the internal and external contexts Zuoyebang encountered during its exploration, growth, and transition stages, along with the corresponding governance measures adopted, such as resource governance, brand governance, and compliance governance. Governance effectiveness is evaluated through the dimensions of “niche-ecostate” “niche-ecorole” and “niche-fitness”. Findings reveal that in the exploration stage, the platform expanded its scale and enhanced niche-ecostate through resource governance. In the growth stage, brand governance strengthened its influence and niche-ecorole. In the transition stage, compliance governance optimized the business structure and improved its niche-fitness. These three stages form an interconnected dynamic cycle of “context driven—governance response—niche optimization”. This research deepens the cross-application of platform governance and niche theory in dynamic evolution contexts. Practically, it offers a structured reference for phased governance in online education and other multi-sided platforms, supporting sustainable industrial development and healthier ecosystem evolution.

Promoting high-quality rural tourism development is an important path toward rural revitalization. Based on resource orchestration theory, this paper conducts a case study of “Cun Chao” in Rongjiang County to reveal the mechanism through which the government empowers high-quality rural tourism development by shaping rural cultural IPs. The findings are as follows: First, the shaping of rural cultural IP evolves progressively through three stages: convergence, introduction, and expansion. The government adopts the strategies of public resource construction, bundling, and leveraging respectively at different stages. Second, these strategies enable the rural cultural IP to sequentially attain internal legitimacy, external legitimacy and external uniqueness, and continuous enhancement of external uniqueness. Third, internal legitimacy can boost the motivation of tourism supply; external legitimacy and uniqueness can promote the upgrading of industrial structure; and the continuous improvement of external uniqueness effectively facilitates the ecological development of tourism, ultimately realizing the high-quality development of rural tourism. The findings not only make theoretical contributions to the research on resource orchestration and cultural IPs, but also provide practical implications for rural development.

Under the background of high-quality development, the transformation of enterprises from single-business providers to system service integrators has become an important approach for enterprise to extend their operations toward the high end of the value chain and cultivate new quality productivity with international competitiveness. In this process, the focus has shifted to how enterprises can effectively leverage and extend their existing business capabilities to build comprehensive architectural capabilities that align with transformation requirements. Grounded in a composite-based view, this paper selects system integrators as case study objects and employs the comparative case study method to explore the capability leap path for enterprises transforming into system integrators. The findings reveal two typical paths—technology-driven and management-driven—in the formation process of system integrators’ architectural capabilities. Enterprises taking the technology-driven path are guided by modular professional capability. Through restructuring, standardization and feedback, they achieve point-to-plane horizontal expansion of management capabilities, and ultimately build composite architectural capabilities. Enterprises adopting the management-driven path take modular management capabilities as a tool. Through replication, docking and overall linkage of radiation, they continuously advance professional capabilities vertically, and finally form composite architectural capabilities. Both paths can realize the leap of organizational composite architectural capabilities through the dual modularization of business and organization. The research results make up for the theoretical gap in existing studies regarding the construction process of architectural capabilities. Meanwhile, starting from the dual modularization process of business and organization, this study provides an innovative theoretical explanation for the capability leap path of architectural capabilities, and also offers valuable insights for the practice of Chinese enterprises’s transformation toward system integrators.

Management innovation represents an essential pathway for corporate development, exerting comprehensive significance on enterprise growth. As the cornerstone of the capital market, the quality of enterprises directly influences investors’ returns and the investability of the capital market. Although existing researches on management innovation have yielded notable theoretical achievements and practical experience, there remain critical research gaps concerning management innovation across different developmental stages of logistics enterprises. This study, based on the perspective of “Dao-Fa-Shu-Qi” and drawing on contingency theory, innovation ecosystem theory and core competitiveness theory, systematically analyzes the management innovation trajectory of SF Holdings from its establishment to its public listing. The findings reveal that: First, in the initial establishment, rapid expansion, transformation and upgrade stages, the enterprise respectively form the composite, dual, and single management innovation models. Second, management innovation serves as a practical reflection of the “Dao-Fa-Shu-Qi” philosophy, further constructing a synergistic system of strategies, systems, methods, and tools. Third, management innovation forms phased empowerment mechanisms at different development stages in logistics enterprises. This research provides a new pathway and approach for studying management innovation in logistics companies from the perspective of “Dao-Fa-Shu-Qi”, offering an actionable analytical framework for practices in the various stages.

In the context of the digital economy, prosumers—who simultaneously embody consumer and producer roles—can profoundly shape platform brand development through their collective aggregation. However, existing research pays limited attention to these groups, making it difficult to explain the underlying mechanisms through which they drive platform brand value enhancement. Based on four representative case events, this study finds that: First, prosumer empowerment of platform brands unfolds through a process of “prosumer opinion aggregation—platform brand capability enhancement—platform brand performance improvement”. Second, influenced by the dual roles of prosumers, empowerment actions exhibit an interest-oriented logic when prosumers lean toward the producer role, and a value-oriented logic when they lean toward the consumer role. On this basis, based on the differences in prosumers' asset engagement modes and participation motivations, four empowerment contexts are formed, namely, the adaptive, inclusive, constraining, and reciprocal types. Third, platform brands achieve capability integration and upgrading through prosumer-led empowerment. This study not only enriches the literature on empowerment mechanisms and platform brand theory, but also offers practical implications for firms seeking to effectively leverage prosumer power and strengthen brand competitiveness.

Service-oriented manufacturing is an important mode for manufacturing enterprises to achieve value creation and gain differentiated competitive advantages. Due to the different focuses of different service-oriented manufacturing modes, and under the empowerment of digital intelligence, enterprises are facing significant challenges including what kind of innovation logic should be followed to stimulate the vitality of internal and external resources, thereby achieving a mode transition. This study focuses on a typical case of both digital intellectualization and servitization, analyzes the motivation for innovation in service-oriented manufacturing modes, the process of resource orchestration empowered by digital intelligence, and the mechanism that promotes the realization of mode transition results. This study has the following conclusions: (1) under the empowerment of digital intelligence, the service-oriented manufacturing modes of manufacturing enterprise have experienced the innovation logic evolution of user demand-pull, social responsibility-driving and digital intelligence technology-leverage, and the performance is the change of product-oriented logic to service-oriented logic. (2) the transition of service-oriented manufacturing modes follows the change from the inside to the outside, which is the result of the combined effect of digital technology upgrading and resource orchestration optimization under the existing mode. And the ability to realize enterprise value is undergoing a transition from information-based manufacturing to digital operation and digital-intelligence innovation. (3) under the empowerment of digital intelligence, the innovation of service-oriented manufacturing mode is the result of collaborative innovation of product and service, and the transition is the dynamic adjustment of product service business. The research findings provide new ideas and theoretical support for the innovation and transition of service-oriented manufacturing modes in manufacturing enterprises, under the empowerment of digital intelligence.

Regarding the practical issue of how brands can stand out and maintain a competitive advantage, mainstream research has consistently attempted to seek theoretical breakthroughs centered on market orientation, while neglecting the role of stakeholders. This paper addresses this analytical blind spot by approaching it from the perspective of brand identity, taking Jiahui Guoguolv as a case, proposing the concept of stakeholder brand ambidexterity, and demonstrating its construction and evolution path. The research find that: First, companies go through three ambidextrous learning stages — absorptive, transitional, and expansive — sequentially, which drives the transformation from a market- to stakeholder-oriented approach. Second, the manifestation of stakeholder brand ambidexterity varies significantly across different stages. Third, the dynamic construction process of stakeholder brand ambidexterity involves five key elements. This study identifies the development patterns of stakeholder brand ambidexterity, reveals its internal mechanisms and evolution paths, and provides insights and references for enterprises to achieve transformation and upgrade leading to sustainable development in complex and dynamic environments.

China has launched the “three arrows” policy package—credit, bond, and equity—to boost financing for private enterprises. The “second arrow”, involving bond financing support tools such as guarantees and credit protection, has become a preferred choice for private firms due to its direct financing attributes, efficient issuance mechanisms, flexible funding allocation, and transparent signaling effects, helping them avoid equity dilution and credit constraints. Amid recent liquidity crises in private real estate firms, this study examines Midea Real Estate as a case study. Based on information asymmetry theory, it analyzes the tool’s impact on financing availability, financing costs, and market response. Findings indicate that the tool significantly reduces financing barriers and facilitates bond issuance, enhances market confidence, and triggers positive market reactions. However, as firms bear the costs of credit enhancement, the tool shows limited effectiveness in lowering overall financing costs. Current challenges include narrow coverage, accumulated risks for credit enhancement institutions, and slow recovery of private firms’ independent financing capacity, which hinder broader adoption. To amplify the tool’s role in alleviating financing difficulties, it is essential to build a healthy market ecosystem where private enterprises proactively seek credit enhancement, financial institutions willingly provide support, and investors rationally recognize its value. The conclusions of the study offer insights for private enterprises leveraging bond financing tools to overcome financing constraints.

Cooperatives are an important force in promoting rural revitalization and modernization. From the perspective of social bricolage, this paper explores the relationship between social bricolage and platform-based business model construction by taking three cooperatives in different forms of establishment in Henan Province as examples. The study reveals that the construction of cooperatives’ platform-based business model follows this path: Initially, taking resource integration via “local sourcing” as the foundation, value-creating activities including revitalizing existing resources and integrating scattered elements drive the proposal of diversified value propositions. Secondly, with resource expansion through “refusal of constraints” as the driving force, the systematic development of the cooperative’s value network is promoted by means of stakeholder collaboration. Finally, targeting dynamic adjustment through “improvisation”, targeted persuasion strategies encourage in-depth stakeholder participation and sustainable value co-creation, thereby supporting rural revitalization. In addition, digital empowerment to achieve efficient value delivery is the key to the construction of cooperatives’ platform-based business model. The conclusions of this paper reveal the social entrepreneurship mechanism and growth path of cooperatives, and provide theoretical guidance for the future development direction of China’s cooperatives.

As a crucial reserve force for organizational development, the efficient growth of young employees represents a significant concern for the in-depth reform and sustainable development of state-owned enterprises. Conventional research has predominantly analyzed the influence of organizational socialization on employee growth from either an institutional or an individual perspective, thus failing to comprehensively unveil the dynamic co-construction mechanism between the two. Drawing on the organizational socialization theory, this study formulates an institution-individual double-helix driving model to depict the growth trajectories and dynamic mechanisms of young employees. Through a longitudinal case study of State Grid Fujian Electric Power, the results indicate that: The growth of young employees is an evolving process propelled by the continuous interaction between organizational guidance and individual initiative. Institutional socialization and individual socialization do not operate independently or exert one-way influence; rather, they form a deeply interwoven and mutually-shaping double helix, which jointly generates the core impetus for growth. In the passive adaptation stage, basic organizational competence is acquired through the spiral of legitimacy mutual nourishment. In the proactive utilization stage, expert-level organizational commitment is cultivated via the spiral of value co-creation. In the inclusive reshaping stage, strategic organizational interdependence is achieved by the spiral of strategic symbiosis. Each stage corresponds to distinct core contradictions, interactive strategies, and growth effectiveness. Moreover, continuous and progressive dynamic transitions are realized through the transmission mechanisms of capital-based advancement and credit-based advancement, ensuring the continuous improvement of growth effectiveness. This research transcends the static perspective of the dualistic separation between institutions and individuals in existing organizational socialization studies and offers practical insights for the cultivation of young talents in state-owned enterprises.

The unclear mechanism of ecological value co-creation through community integration into content-driven e-commerce platforms restricts the process of ecological innovation of its business model. Accordingly, this study takes three typical content-driven e-commerce platforms as examples to construct a scenario-based ecological value co-creation mechanism empowered by the integration of communities into content-driven e-commerce platforms. The results show: ①product communities base themselves on supply chain-integrated content-driven e-commerce platforms, leveraging the dual decentralized scenario governance of “resource integration” and “reputation enhancement” to empower product functional value co-creation through economies of scale. ②service communities rely on value chain-integrated content-driven e-commerce platforms, utilizing the dual single-chain scenario governance of “relationship connection” and “multilateral trust” to empower service utility value co-creation through customized service economies. ③interest communities embed into content-driven e-commerce platforms via scenario chain integration, employing the dual chain-network scenario governance of “scenario empowerment” and “benefit sharing” to empower experiential value co-creation through interest experience economies. ④the three types of communities coexist in parallel and evolve according to the dominant logic, and are embedded in the content-driven e-commerce platform with the value co-creation logic of “product (supply chain) —service (value chain) —interest (scenario chain)”. With the help of the scenario governance evolution of “decentralization-single chain-chain network”, through the “supply chain-value chain-scenario chain” adaptation, the scenery ecological value co-creation of the evolution logic of “pinpoint-connection-topology” is realized, and the business ecology of the content-driven e-commerce platform is created.

The vigorous development of the gig economy has given rise to a large number of platform-based enterprises, profoundly reshaping traditional organizational employment relationships. To gain an in-depth understanding of the connotation and construction path of employer brands in platform-based enterprises in the gig economy context, this study adopts the paradigm of classic grounded theory and, from the perspective of skilled gig workers, redefines the connotation, structure, and mechanism of employer brands in platform-based enterprises, thereby proposing the concept of virtual employer brands. The findings indicate that virtual employer brand comprises four dimensions: Job characteristics, economic value, algorithmic management, and platform ecological value. It influences gig workers' job participation and withdrawal behaviors through the mediating role of gig workers’ perception, while individual differences among gig workers moderate the aforementioned mediating mechanism. Drawing on person-organization fit theory and structural hole theory, this study further proposes corresponding measures for platform-based enterprises to develop their virtual employer brands. These contributions not only enrich the theoretical research on employer brands in the gig economy context, but also provide practical guidance for platform-based enterprises to attract and retain skilled gig workers through virtual employer brand construction, thereby facilitating their long-term and sustainable development.

How to maintain sustainable development for enterprises in highly uncertain environments has become an increasingly important academic issue. Organizational improvisation serves as one of the solutions to this problem. However, existing studies have not adequately explained the emergence process of organizational improvisation in enterprises, and lack in-depth exploration of its implementation mechanism. Following the research logic of “triggering conditions—occurrence conditions—behavior generation and feedback”, this paper takes the ESG project development process of Lenovo as a case, and conducts a qualitative analysis based on grounded theory. It attempts to open the “black box” of the organizational improvisation implementation mechanism, explore its process logic, and construct a model of the organizational improvisation implementation mechanism. The study finds that, when confronted with inexperienced, unexpected situations that require rapid action, the organizational improvisation implementation mechanism is a process in which organizations create new value through dynamically iterative innovative resource actions driven by the organizational system. The realization of organizational improvisation requires two internal changes: first, building an organizational system that supports enterprise improvisation; second, driving the organization to carry out resource actions based on such system. Effect feedback plays a vital role in the continuous realization of organizational improvisational behavior. Furthermore, the innovation system can reversely feedback and optimize the organizational system, so as to ensure the sustainability of value creation. The findings provide theoretical references and practical implications for enterprises to conduct improvisational practices and achieve sustainable development in uncertain environments.

This study focuses on the sustainable integration mechanism of market logic and common prosperity logic of private enterprises under the socialist market economy system with Chinese characteristics. It integrates the perspectives of organizational identity hybridity and practical coupling, takes the development process of Sunny Optical Technology (Group) Company Limited from 1984 to 2020 as the research sample, and adopts a longitudinal single-case analysis. The study finds that the founders'dual identity recognition acts as a higher-order cognitive guardrail for private enterprises to hybridize market logic and common prosperity logic. Driven by this, the firm constructs a hybrid organizational identity with “co-creation” as its core value, achieving the hybridization of the two logics at the value goal level, and further accomplishes practical coupling through governance structure coupling, two-way integration of human resources, and continuous business upgrading.Furthermore, the interaction between identity guidance and practice correction aligns value goals, value distribution, and value creation, thereby sustaining the hybridization of market logic and common prosperity logic. The research findings enrich the studies of institutional logics and hybrid organizations from the perspective of common prosperity logic, and provide a new theoretical explanation for understanding the sustainable growth of private enterprises in China.

Emerging industries are widely characterized by institutional voids, which are reflected in the relative lag of regulatory institutions and market infrastructures. Firms with rich practical experience and strong incentives to improve institutions are crucial for bridging institutional voids, yet existing research has paid insufficient attention to this process and its underlying mechanism. From the perspective of entrepreneurial ethics, this study takes Meifan as the research case and longitudinally unpacks and synthesizes the process mechanism through which entrepreneurial ethics drives firms to bridge institutional voids. The findings show that: First, during the process of bridging institutional voids, entrepreneurial ethics exhibits a staged evolution from “self-optimization” to “active participation” and then to “proactive promotion”. Second, before engaging in bridging actions, firms need to develop a comprehensive understanding of institutional voids, including both compliance and non-compliance cognitions. Third, firms bridge institutional voids by reducing information asymmetry, undertaking voluntary work, and enriching local markets, thereby promoting the improvement of regulatory institutions and market infrastructures. This study provides insights for bridging institutional voids in emerging industries.

Cultural confidence has catalyzed a renaissance of China’s outstanding traditional culture, spurring vigorous development in innovative mythological film productions. This study selects Nezha, an animated film series by Enlight Media as a case study, employing the ISMAS model and CBBE model to examine its practical approaches in content innovation, IP character design, word-of-mouth promotion, derivative marketing, and multi-dimensional communication. The research reveals that the success of mythological animated films hinges on the creative transformation of traditional culture, alignment with contemporary values, and synergistic multi-channel marketing that sustains brand value expansion. By integrating consumer behaviors with brand equity hierarchies, the study proposes a holistic framework encompassing interest stimulation, search enhancement, reputation guidance, purchase motivation, and emotional engagement. This framework elucidates the mechanisms through which innovative mythological animated films construct market competitiveness in the new media landscape, thereby facilitating the cultural expression of domestic mythological animation, broadening market communication channels, and enhancing the narration of Chinese brand stories.

Based on questionnaire survey data from enterprises with affordable value innovation experience and regional statistical data, this study theoretically analyzes and empirically examines the effects of managers’ cordial-clean government-business relationships, customer engagement, and firms’ market opportunity recognition capability on affordable value innovation, as well as the boundary conditions from internal (resource bricolage) and external (mobile internet, transportation infrastructure) factors. The results show that both cordial-clean government- business relationships and customer engagement significantly promote firms’ market opportunity recognition, which in turn significantly enhances affordable value innovation. Furthermore, resource bricolage exerts significant moderating effects on both aforementioned relationships. Mobile internet penetration significantly moderates the links between cordial-clean government-business relationships and market opportunity recognition, and between market opportunity recognition and affordable value innovation. Road transportation infrastructure significantly moderates the relationships between customer engagement and market opportunity recognition, and between market opportunity recognition and affordable value innovation.

Against the backdrop of rapid economic globalization and modernization, century-old tea enterprises, as an important component of traditional industries, are at the intersection of tradition and modernity, facing the challenge of how to utilize “traditional endowments” to cope with “emerging markets”. This article adopts a longitudinal case study method, taking Mumen Tea as the research object, and explores the inheritance and innovation process of century-old tea enterprises from the perspective of ambidextrous innovation. Research has found that the development path of century-old tea enterprises follows the law of inheritance-oriented innovation, exhibiting phased dual innovation characteristics. Their evolutionary path follows intergenerational inheritance, utilization-oriented innovation, ambidextrous collaborative innovation, and exploratory innovation. This study provides a theoretical basis and practical implications for century-old tea enterprises to achieve a balance between inheritance and innovation in the context of globalization.

The integrated industrial development in rural China has reached a preliminary scale, but still suffers from systemic deficiencies. Establishing a long-term mechanism for the integrated development of primary, secondary, and tertiary industries (the “three industries”) with multi-stakeholder participation, thus, becomes crucial to addressing this issue. Based on a comparative study of two villages with distinct industrial development models, This study focuses on the construction of a long-term mechanism for rural triple integration, analyzing the behavioral roles played by both “non-local” and “local” enterprises, as well as other relevant actors involved. The study finds that, compared to non-local enterprises, local enterprises are more readily integrated during the development integration stage, facilitated by accumulated trust. Local elites play a dual role and help correct deviations of non-local enterprises while guiding them to expand and upgrade along the industrial chain. With the development of the industry, both entrepreneurial models enter the value empowerment stage, gradually forming three core mechanisms, that is, exogenous guidance, endogenous development, and co-evolutionary adaptation. Driven by these three mechanisms, a sustainable long-term mechanism for rural three industries’ integration takes shape. This provides a robust foundation for consolidating poverty alleviation achievements and effectively aligning with the national strategy of rural revitalization.

To overcome resource and capability constraints, domestic hidden champion enterprises are gradually moving toward platform-based models. However, how to build niche platform ecosystems that differ from those of large enterprises has become a focal point of academic research. Based on resource orchestration theory and following the logical sequence of “opportunity sensing—resource orchestration—value creation”, this study examines the evolutionary pathways through which hidden champion enterprises construct niche platform ecosystems based on a dual-case study of THUNDEROBOT and TGOOD. The findings reveal that, driven by different underlying factors, hidden champion enterprises adopt two distinct pathways in building niche platform ecosystems: Market-driven and technology-driven. During the development process, both types of enterprises experience three stages: the niche anchoring phase, the scenario expansion phase, and the ecosystem integration phase. Across these stages, market-driven platforms undergo a phased evolutionary transition from product niching to product scenarization, and finally to product ecosystemization, while technology-driven platforms undergo a transition from technology niching to technology scenarization, and finally to technology ecosystemization. This study advances the theory of platform ecosystems and provides practical implications for hidden champion enterprises in building sustainable niche platform ecosystems.

Corporate social entrepreneurship is gradually emerging as a significant driving force behind rural revitalization, and the ability to enhance the effectiveness of cross-departmental collaboration has become a key consideration in realizing its value. This paper takes four corporate social entrepreneurship projects as research samples, and uses a multi-case study approach to explore how these projects construct value-creation models through cross-departmental collaboration in the context of rural revitalization. The findings reveal that cross-sectorial collaboration serves as a vital mechanism for value creation in corporate social entrepreneurship, and its logical relationship presents a progressive structure of “foundation — manifestation — outcome”. The value creation models for cross-sectorial collaboration in corporate social entrepreneurship comprise project-based, social-actor-oriented, enterprise-led, and balanced co-creation configurations, each exhibiting distinct characteristics. The conclusions of this study have significant theoretical value and practical implications for value creation through cross-sectorial collaboration in corporate social entrepreneurship.