Recently, two collaborative papers—one by Professor Hongxian ZHEN and doctoral students Xiaoyu SUN and Tong WU titled "Transfer and Transformation of Scientific and Technological Achievements and Cultivation of New Quality Productive Forces," and the other by Professor Dapeng TANG and doctoral students Yujie WANG and Yichen LIU titled "The Institutional Spillover Effect of Compliance Management on Internal Control"—were jointly published in Issue 10, 2025 of the Journal of Management Sciences and China.

The first paper focuses on the impact of transforming scientific and technological achievements on new quality productive forces. Using the establishment of National Technology Transfer Regional Centers as a quasi-natural experiment, the study finds that these centers significantly enhance the level of new quality productive forces of local enterprises, primarily through promoting technology transactions and upgrading human capital. Further analysis shows that this effect is more pronounced in high-tech enterprises, firms without established R&D alliances, those with low knowledge diversification, and those in regions with weak intellectual property protection. Additionally, the establishment of such centers helps improve enterprises' digital and intelligent technology application, innovation capacity, labor productivity, and ESG performance.

The second paper examines the institutional spillover effect of compliance management on internal control in state-owned enterprises (SOEs). Using the Guidelines for Compliance Management of Central State-Owned Enterprises (Trial) as a quasi-natural experiment, the study finds that compliance management significantly improves the internal control level of SOEs, and this effect spills over from central SOEs to local SOEs. Mechanism analysis reveals that SOEs are more motivated to enhance internal control in line with compliance regulatory requirements when external transaction costs and internal control costs are high. This institutional spillover effect further reduces both compliance risks and operational risks for SOEs. The findings provide micro-level evidence for the integrated construction of compliance management, internal control, and risk management.

Together, the two studies offer important insights for fostering new quality productive forces and advancing the high-quality development of state-owned enterprises from the perspectives of technology transformation and compliance regulation.