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.

Educational equity is the foundation of social equity, and education equalization is one of the serious issues to be solved by the government. This work considers one education equalization reform conducted by Suzhou Industrial Park of China, namely, the comprehensive "five to nine" (CFTN) housing purchase admission qualification adjustment policy, as an example and uses the resold housing transaction data to identify the effect of the equalization policy by the difference-in-differences (DID) method. Based on this natural experiment, the quantitative assessment results show that (1) the CFTN policy has a significantly positive effect on housing prices in nine-year consistent (NYC) school districts that belong to high-quality school districts; (2) the CFTN policy has no significant effect on housing prices in non-NYC consistent school districts that belong to ordinary school districts. These results uncover that the one-size-fits-all CFTN policy can only obtain significant housing price equilibrium effects in school districts above a certain level of education quality. For regions with backward education levels, the policy is ineffective. For these regions, continuously increasing high-quality educational resources and increasing educational service levels are essential solutions to reduce educational inequality.

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.