Recently, Professor Zhou Kaiguo, Dean of the School of Finance of CUEB, in collaboration with David H. Hsu from the University of Pennsylvania, Professor Po-Hsuan Hsu from National Tsing Hua University, and Zhou Tong from ShanghaiTech University and Southern University of Science and Technology, has published the paper Industry-University Collaboration and Commercializing Chinese Corporate Innovation online in the top management journal Management Science.

This study focuses on improving the commercialization capabilities of enterprise technology by Industry-University-Research (IUR) collaboration. Based on large-scale survey data from Chinese enterprises, the study introduces the first indicator system, providing a new perspective on understanding the IUR collaboration and offering significant references for technological innovation in China.

As a top international management journal, Management Science is committed to publishing cutting-edge and innovative research findings. The innovation and academic rigor of the study are highly praised by the editor from Management Science: “This is the highest quality paper that I have ever read on this topic, and it deeply explores the specific situation of China as an emerging economy.”

Previously, another paper co-authored by Professor Zhou, Labor-replacing Automation and Finance, was also accepted by Management Science. This paper, using both empirical analysis and theoretical models, analyzes the impact of adopting labor-replacing automation technologies on corporate financing. Using industrial robots as an example of such automation, the study employs panel data from Chinese enterprises by empirical analysis and finds that the adoption of industrial robots increases corporate financial leverage while reducing debt costs.

The recognition of these two papers by Management Science embodies Professor Zhou Kaiguo and his team’s contributions to the IUR collaboration but also showcases the important influence of CUEB on the international academy. We will deepen institutional reform of scientific research, including innovating research organization patterns and advancing organized research efforts, enhancing the faculty’s competence to publish high-quality papers and producing high-level research innovations.

About Professor Zhou Kaiguo

Zhou Kaiguo, Dean of the School of Finance of CUEB, is a second-level professor and a doctoral supervisor. He is also the chief expert for major projects of the National Social Science Fund of China and major research projects by the Ministry of Education. Moreover, he has received multiple research awards, including the First Prize for Excellent Achievements in Philosophy and Social Sciences from Guangdong Province, the First Prize for Outstanding Financial Achievements in Financial Society of Guangdong, and the Best Paper Award from the Asian Finance Association. He has also been honored as “the Excellent Teacher of Guangdong”.