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Guoyou Qi
School of Business, East China University of Science and Technology, Shanghai, China

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Research article
Published: 16 November 2020 in Asia Pacific Business Review
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Regarding the relationship between CEO power and firm risk, contradictory views can be deduced from managerial power theory and organization theory. This study tries to reconcile these contradictions by delving into the differences in the types of CEO power. Using a sample of Chinese listed companies, we find that the formal power CEOs derive from ownership has a positive relationship with firm risk, but CEOs’ informal power that originates from expertise is negatively associated with firm risk. Furthermore, CSR is verified as a mediator in the relationship.

ACS Style

Hailiang Zou; Guoyou Qi; Xuemei Xie; Hanyang Ma. The effects of formal and informal CEO power on firm risk in China: the mediating role of corporate social responsibility. Asia Pacific Business Review 2020, 1 -27.

AMA Style

Hailiang Zou, Guoyou Qi, Xuemei Xie, Hanyang Ma. The effects of formal and informal CEO power on firm risk in China: the mediating role of corporate social responsibility. Asia Pacific Business Review. 2020; ():1-27.

Chicago/Turabian Style

Hailiang Zou; Guoyou Qi; Xuemei Xie; Hanyang Ma. 2020. "The effects of formal and informal CEO power on firm risk in China: the mediating role of corporate social responsibility." Asia Pacific Business Review , no. : 1-27.

Journal article
Published: 27 August 2020 in Journal of Cleaner Production
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The excessive consumption of natural resources in industrial development has led scholars to pay increasing attention to firms’ impact on the environment. Faced with considerable environmental pressure, many firms have begun to integrate green innovation into their business strategies. Based on the institutional theory and absorptive capacity perspective, this study examines the role of different institutional pillars on firms’ green innovation decision and further evaluates the interaction effect of absorptive capacity with institutional pillars. Using datasets from listed Chinese companies, this study examines the above hypotheses. As a result, we identify the heterogeneous effect of institutional pressures on green technology innovation and green management innovation and find a significant effect of absorptive capacity on the relationship between institutional pressures and green technology innovation. The conclusion of this study enriches the literature on institutional theory and the absorptive capacity perspective and has implications for firms’ green innovation practices.

ACS Style

Guoyou Qi; Yanhong Jia; Hailiang Zou. Is institutional pressure the mother of green innovation? Examining the moderating effect of absorptive capacity. Journal of Cleaner Production 2020, 278, 123957 .

AMA Style

Guoyou Qi, Yanhong Jia, Hailiang Zou. Is institutional pressure the mother of green innovation? Examining the moderating effect of absorptive capacity. Journal of Cleaner Production. 2020; 278 ():123957.

Chicago/Turabian Style

Guoyou Qi; Yanhong Jia; Hailiang Zou. 2020. "Is institutional pressure the mother of green innovation? Examining the moderating effect of absorptive capacity." Journal of Cleaner Production 278, no. : 123957.

Research article
Published: 25 February 2020 in Corporate Social Responsibility and Environmental Management
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As an important method for normalizing firms' environmental behaviors, regulatory inspection has received much attention in both practice and research. However, a consistent conclusion regarding whether and under what conditions regulatory inspection leads to green innovation is lacking. Drawing on the attention‐based view, we argue that the threats or opportunities that top managers perceive from environmental inspection affect the attention they pay to the strategy of green innovation as a response. We hypothesize that firms lacking the capability of regulatory compliance are less likely to invest in green innovation and that the development of promarket institutions diverts managers' attention from reacting to governmental inspection. Using survey data on Chinese industrial firms, we confirm these hypotheses, the theoretical and practical implications of which are discussed.

ACS Style

Guoyou Qi; Hailiang Zou; Xuemei Xie. Governmental inspection and green innovation: Examining the role of environmental capability and institutional development. Corporate Social Responsibility and Environmental Management 2020, 27, 1774 -1785.

AMA Style

Guoyou Qi, Hailiang Zou, Xuemei Xie. Governmental inspection and green innovation: Examining the role of environmental capability and institutional development. Corporate Social Responsibility and Environmental Management. 2020; 27 (4):1774-1785.

Chicago/Turabian Style

Guoyou Qi; Hailiang Zou; Xuemei Xie. 2020. "Governmental inspection and green innovation: Examining the role of environmental capability and institutional development." Corporate Social Responsibility and Environmental Management 27, no. 4: 1774-1785.

Journal article
Published: 19 September 2018 in Journal of Business Research
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This article examines the relationship between corruption and export in emerging economies. Considering the institution-based view (IBV) and the specificities of emerging markets, we propose a U-shaped relationship between firm corruption and exports. A moderate level of corruption may dampen firms' inclination to export, but excessive expenditures on corruption will drive firms to resort to an export strategy as a way to escape institutional constraints and inefficiencies in their home markets. We further examine the moderating roles of political instability, regulatory burden, and threats of competition from the informal sector in the relationship between corruption and export. Based on a multi-country sample of firms from emerging economies, our empirical results confirm a U-shaped relationship between firms' corruption and exports and show that in a business environment with high levels of political instability, regulatory burden or threats of competition from the informal sector, the relationship between corruption and exportation is strengthened to varying degrees.

ACS Style

Guoyou Qi; Hailiang Zou; Xuemei Xie; Xiaohua Meng; Tijun Fan; Yuanhe Cao. Obedience or escape: Examining the contingency influences of corruption on firm exports. Journal of Business Research 2018, 106, 261 -272.

AMA Style

Guoyou Qi, Hailiang Zou, Xuemei Xie, Xiaohua Meng, Tijun Fan, Yuanhe Cao. Obedience or escape: Examining the contingency influences of corruption on firm exports. Journal of Business Research. 2018; 106 ():261-272.

Chicago/Turabian Style

Guoyou Qi; Hailiang Zou; Xuemei Xie; Xiaohua Meng; Tijun Fan; Yuanhe Cao. 2018. "Obedience or escape: Examining the contingency influences of corruption on firm exports." Journal of Business Research 106, no. : 261-272.

Journal article
Published: 01 July 2018 in Journal of Business Research
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ACS Style

Xuemei Xie; Hailiang Zou; Guoyou Qi. Knowledge absorptive capacity and innovation performance in high-tech companies: A multi-mediating analysis. Journal of Business Research 2018, 88, 289 -297.

AMA Style

Xuemei Xie, Hailiang Zou, Guoyou Qi. Knowledge absorptive capacity and innovation performance in high-tech companies: A multi-mediating analysis. Journal of Business Research. 2018; 88 ():289-297.

Chicago/Turabian Style

Xuemei Xie; Hailiang Zou; Guoyou Qi. 2018. "Knowledge absorptive capacity and innovation performance in high-tech companies: A multi-mediating analysis." Journal of Business Research 88, no. : 289-297.

Research article
Published: 06 June 2018 in Business Strategy and the Environment
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Firms in emerging economies are faced with multiple, incompatible institutional forces in their environmental activities. Which of these forces will be dominant and instantiated within an organization is partly determined by the social relationships that a firm maintains with external actors. This paper investigates the relationship between board social ties and the level of environmental responsibility undertaken by firms in China, an emerging economy, by categorizing board social ties into three types in terms of the three isomorphic forces in the institutional field (coercive, normative and mimetic). Drawing on institutional and agency theories, using a sample of listed firms in environmentally sensitive industries, and a generalized least squares regression method, the results provide empirical evidence that ties that are linked to coercive and normative forces (i.e., political organizations and universities) are related to a higher level of environmental responsibility; however, those that are linked to mimetic forces (i.e., industrial peers) have a negative association with environmental responsibility, which is mitigated by CEO power. These findings suggest that the heterogeneous effects of board social ties on environmental responsibilities experienced by firms in a context of environmentalism are at an early stage.

ACS Style

Hailiang Zou; Xuemei Xie; Guoyou Qi; Mengyu Yang. The heterogeneous relationship between board social ties and corporate environmental responsibility in an emerging economy. Business Strategy and the Environment 2018, 28, 40 -52.

AMA Style

Hailiang Zou, Xuemei Xie, Guoyou Qi, Mengyu Yang. The heterogeneous relationship between board social ties and corporate environmental responsibility in an emerging economy. Business Strategy and the Environment. 2018; 28 (1):40-52.

Chicago/Turabian Style

Hailiang Zou; Xuemei Xie; Guoyou Qi; Mengyu Yang. 2018. "The heterogeneous relationship between board social ties and corporate environmental responsibility in an emerging economy." Business Strategy and the Environment 28, no. 1: 40-52.

Journal article
Published: 22 May 2018 in Sustainability
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As the core of sustainable development strategy, corporate social responsibility (CSR) is a concept that influences business missions, management, operations, finance, and marketing. Studies of the economic consequences of CSR have focused on the theoretical and practical arenas. However, few studies have examined the impact of CSR on the market price fluctuations of company shares. The purpose of this study was to investigate the effect of CSR on stock price crash risk and its relationship with the role of internal controls in China. After empirical analysis, we found a significantly negative association between CSR and stock price crash risk. Furthermore, we determined that internal controls play a significant and partially mediating role between CSR and stock price crash risk. Internal controls have become an important system for Chinese companies to improve their social responsibility and reduce their operating risk, especially the risk of a stock price crash. We also found that internal controls had a significant and partial moderating effect on the relationship between CSR and stock price crash risk. In certain environments with higher levels of internal controls, CSR prominently reduced the risk of stock price crash. In theory, our study adds to the growing literature about CSR, expands the scope of CSR research, elaborates upon relevant CSR economic consequences, and complements the literature about the determinants of stock price crash risk. In practice, our conclusions provide a reference for Chinese managers, investors, and the related government departments to evaluate the effects of CSR and internal controls, and provides regulators with a method to help control abnormal fluctuations in the stock market. More importantly, the results of this study have reference value for scholars and practitioners in developing countries like China.

ACS Style

Dong Yang Hao; Guo You Qi; Jing Wang. Corporate Social Responsibility, Internal Controls, and Stock Price Crash Risk: The Chinese Stock Market. Sustainability 2018, 10, 1675 .

AMA Style

Dong Yang Hao, Guo You Qi, Jing Wang. Corporate Social Responsibility, Internal Controls, and Stock Price Crash Risk: The Chinese Stock Market. Sustainability. 2018; 10 (5):1675.

Chicago/Turabian Style

Dong Yang Hao; Guo You Qi; Jing Wang. 2018. "Corporate Social Responsibility, Internal Controls, and Stock Price Crash Risk: The Chinese Stock Market." Sustainability 10, no. 5: 1675.

Original paper
Published: 14 February 2018 in Journal of Business Ethics
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Corruption as a non-market strategy for firms has gained increasing attention in the field of strategy management. However, the effect of corruption on innovation is unclear, especially in the context of transition economies. Using institutional theory, we examine the relationship between corruption and new product innovation and identify the contextual conditions of the relationship. Using the World Bank Enterprise Survey data from China, our empirical results show that corruption has a positive effect on firms’ new product innovation. Moreover, we find that policy instability and competitive threats from the informal sector positively moderate the relationship between corruption and new product innovation. Using post hoc analysis, we find that the potentially positive effect of corruption on new product innovation is the consequence of inherent institutional weaknesses in transition economies; as the level of institutional development increases, the effect of corruption on firms’ new product innovation will gradually decrease. Overall, our findings provide new insights into understanding corrupt behaviors in transition economies and present managerial implications for firms’ ethical dilemmas in a transition economy context. We argue that the key to overcoming these ethical dilemmas lies in promoting pro-market institutional reform to reduce the potential benefits of corruption.

ACS Style

Xuemei Xie; Guoyou Qi; Kevin Xiaoguo Zhu. Corruption and New Product Innovation: Examining Firms’ Ethical Dilemmas in Transition Economies. Journal of Business Ethics 2018, 160, 107 -125.

AMA Style

Xuemei Xie, Guoyou Qi, Kevin Xiaoguo Zhu. Corruption and New Product Innovation: Examining Firms’ Ethical Dilemmas in Transition Economies. Journal of Business Ethics. 2018; 160 (1):107-125.

Chicago/Turabian Style

Xuemei Xie; Guoyou Qi; Kevin Xiaoguo Zhu. 2018. "Corruption and New Product Innovation: Examining Firms’ Ethical Dilemmas in Transition Economies." Journal of Business Ethics 160, no. 1: 107-125.

Research article
Published: 31 August 2017 in Business & Society
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In transitional economies, the governing central authorities impose heavy regulatory burdens on firms, which results in great costs for business in terms of time, resources, and other constraints. However, quality assurance through decentralized institutions (such as private certified management standards) is rapidly becoming more prevalent. This study examines the contingent implications that such decentralized institutions have for centralized regulation by focusing on the relationship between international certifications and regulatory burdens. As two prominent features of the institutional environment in emerging economies, the threat of competition from the informal sector and corruption may influence the relationship between international certifications and regulatory burdens. These features are therefore examined in terms of their moderating roles. The study draws on institutional and signaling theories to interpret data from a survey conducted by the World Bank in China in 2012. The empirical results show that international certification is negatively associated with regulatory burdens. This relationship is strengthened by the threat of competition from the informal sector, but mitigated by a corrupt business environment. Our study contributes to the institutional literature and to research on international certifications, and it has implications for both business management and governmental policy.

ACS Style

Hailiang Zou; Guoyou Qi; Xuemei Xie; Xiaohua Meng. Examining the Contingency Value of Certification on Regulatory Burden in a Transitional Economy. Business & Society 2017, 59, 489 -517.

AMA Style

Hailiang Zou, Guoyou Qi, Xuemei Xie, Xiaohua Meng. Examining the Contingency Value of Certification on Regulatory Burden in a Transitional Economy. Business & Society. 2017; 59 (3):489-517.

Chicago/Turabian Style

Hailiang Zou; Guoyou Qi; Xuemei Xie; Xiaohua Meng. 2017. "Examining the Contingency Value of Certification on Regulatory Burden in a Transitional Economy." Business & Society 59, no. 3: 489-517.

Original article
Published: 05 July 2017 in Human and Ecological Risk Assessment: An International Journal
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This article reports an empirical study suggesting that environmental violations generally have a negative influence on the level of loans that the violating firms hold in China and that after a violation announcement involving waste water discharge, firms are forced to take secured loans. These effects are found to be mitigated for state-owned firms and the media coverage of a certain violation event has a negative effect on the level of loans that firms obtain. Our work presents the evidence of a penalty mechanism in the credit market that fines firms for their environmental violations in a transition economy, and has some implications for business management and governmental policy.

ACS Style

Hailiang Zou; Saixing Zeng; Guoyou Qi; Ping Shuai. Do environmental violations affect corporate loan financing? Evidence from China. Human and Ecological Risk Assessment: An International Journal 2017, 23, 1775 -1795.

AMA Style

Hailiang Zou, Saixing Zeng, Guoyou Qi, Ping Shuai. Do environmental violations affect corporate loan financing? Evidence from China. Human and Ecological Risk Assessment: An International Journal. 2017; 23 (7):1775-1795.

Chicago/Turabian Style

Hailiang Zou; Saixing Zeng; Guoyou Qi; Ping Shuai. 2017. "Do environmental violations affect corporate loan financing? Evidence from China." Human and Ecological Risk Assessment: An International Journal 23, no. 7: 1775-1795.

Letters
Published: 10 March 2016 in Science
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ACS Style

Guoyou Qi; Xuemei Xie; Kevin Zhu. Reforming China's science awards. Science 2016, 351, 1161.1 -1161.

AMA Style

Guoyou Qi, Xuemei Xie, Kevin Zhu. Reforming China's science awards. Science. 2016; 351 (6278):1161.1-1161.

Chicago/Turabian Style

Guoyou Qi; Xuemei Xie; Kevin Zhu. 2016. "Reforming China's science awards." Science 351, no. 6278: 1161.1-1161.