Work

Research on Dynamic Incentive Mechanism for Co-Creation of Value in Innovation-Oriented Platform Ecosystem Considering Supervision

Year: 2025

Type: article

Abstract: With the advent of the digital age, platform ecosystems have emerged as a crucial organizational form. Focusing on innovation-oriented platforms where collaborative innovation is paramount, this study developed a two-stage principal–agent model to examine how a platform enterprise’s value preference parameter governs collaborative outcomes. Our framework demonstrates that this parameter systematically regulates the endogenous portfolio of incentives and supervision, determining governance effectiveness and value co-creation outcomes in platform ecosystems. Further analysis revealed that as the platform enterprise deepens its understanding of an embedded enterprise’s capabilities, its governance mode spontaneously transitions from supervision-intensive to incentive-intensive, establishing a self-reinforcing cycle of value creation. These findings provide a principled basis for designing dynamic governance mechanisms and advance the platform governance literature by establishing the central role of the platform enterprise’s value preference parameter in coordinating endogenous governance instruments.

Source: Symmetry

DOI: 10.3390/sym17111884

Authors: Xiaoming Wang, Mengxi Lei, Diyuan Wang, Junyi Cao

Institutions: University of Electronic Science and Technology of China, Hang Seng University of Hong Kong

Language: English

Topic: Digital Platforms and Economics

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Peace, justice, and strong institutions

Open Access status: gold

Estimated APC paid: $2,896