Strategic entrepreneurship (SE) emphasizes synchronous advantage-seeking and opportunity development, an important mode for enhancing the core competitive advantage of scientific and technological innovation in enterprises and realizes sustainable innovation in a dynamic and uncertain environment. Through a questionnaire survey of 308 small- and medium-sized science and technology innovation enterprises in the Chinese Pearl River Delta region, this study explores how managers’ cross-border capability (MCC) affects the SE of science and technology innovation enterprises. Research shows an inverted U-shaped relationship between the MCC and SE of scientific and technological innovation enterprises. Organizational learning (OL) plays an intermediary role in the relationship between MCC and SE, while attention to policy positively adjusts the inverted U-shaped relationship between the MCC and SE of science and technology innovation enterprises. The regulatory effect of cross-border efforts on the relationship between MCC and SE of scientific and technological innovation enterprises is insignificant; however, they positively regulate the role of MCC in OL, which can positively impact the SE of scientific and technological innovation enterprises through OL. This study has implications for optimizing the internal and external resources of the organization, promoting the capture of innovation opportunities, and constructing competitive advantages for scientific and technological innovation enterprises.

This research delves into the temporal dynamics of a nation's pursuit of a targeted GDP per capita level, employing five different survival machine learning models, remarkably Deep Learning algorithm (DeepSurv) and Survival Random Forest. This nuanced perspective moves beyond static evaluations, providing a comprehensive understanding of the developmental processes shaping economic trajectories over time. The economic implications underscore the intricate balance required between calculated risk-taking and strategic vulnerability mitigation. These findings guide policymakers in formulating resilient economic strategies for sustained development and growth amid the complexities inherent in contemporary economic landscapes.

The Public Welfare Foundation of a listed company is a non-profit organization with independent legal personality. It is established and funded by a listed company. The purpose of establishing a foundation for a listed company is generally to carry out charitable activities and make important contributions to charitable causes. However, due to the special power separation model, the autonomy of the foundation is poor, and there may be serious agency conflicts, ultimately leading to listed companies becoming beneficiaries of the foundation's charitable activities. We have found from the perspectives of commercial credit, sales, and cooperative relationships that social responsibility initiating organizations (listed companies) can obtain potential benefits from social responsibility fulfilling organizations (listed company public welfare foundations) in supply chain commercial relationships, that is, listed companies that establish public welfare foundations have good supply chain commercial relationships. When a listed company and a public welfare foundation have a close relationship in terms of fund donation, decision-making, business, and naming, the public welfare foundation has a strategic preference in selecting project names, project service areas, project beneficiaries, and project service areas. It prioritizes the interests of the listed company, enabling the listed company to obtain better supply chain business relationships.

This study examined whether enterprise digital transformation impacts the relationship between managerial overconfidence and cash holdings. As its quantitative analysis approaches, it employed the fixed effect method and the generalized method of moments. Firstly, a positive relationship can be found between managerial overconfidence and cash holdings. This study uses behavioural finance to explain why overconfident managers always hold more cash. Secondly, this study aims to contribute further to the field of investigation, providing additional insight into this matter. This study highlights the significance of digital transformation in mitigating the cognitive bias of overconfident managers and ensuring the organization’s successful development in a highly competitive market. This study finds that enterprise digital transformation effectively mitigates overconfident managers holding excess cash during operations. This research not only enhances the understanding of enterprise digital transformation in relation to economic repercussions but also contributes to the affection of digital economic transformation on the corporate governance of Chinese listed companies.

This paper aims to investigate the impact of political promotion on the productivity of manufacturing firms using the database of Chinese industrial enterprises from 1998 to 2007. We found that the political promotion of officials had a negative impact on manufacturing firm productivity, and this impact varied according to the characteristics of officials and enterprises. In addition, there was an age "ceiling effect" among Chinese municipal officials. Further research showed that the regional level of rule of law mitigated the negative effect of political promotion on the productivity of manufacturing firms. Finally, this paper makes policy recommendations for improving the promotion mechanism of officials, enhancing regional legalization, and transforming government functions.

This study investigates the impact of inventor CEOs on firm performance using a manually collected database of firms' inventors. Our findings reveal that, on average, firms with inventor CEOs experience a one- and two-percentage-point increase in ROA and ROE, respectively, compared to firms with noninventor CEOs. To address potential endogeneity issues, we employ turnover analysis, an instrumental variable approach, and propensity score matching. The estimation results suggest that inventor CEOs significantly enhance firm performance by fostering innovation and total factor productivity. This research contributes novel evidence on the relationship between inventor CEOs and firm performance.