{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,21]],"date-time":"2025-10-21T15:51:57Z","timestamp":1761061917287,"version":"build-2065373602"},"reference-count":88,"publisher":"MDPI AG","issue":"2","license":[{"start":{"date-parts":[[2024,1,26]],"date-time":"2024-01-26T00:00:00Z","timestamp":1706227200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"DOI":"10.13039\/501100002338","name":"Ministry of Education of the People\u2019s Republic of China","doi-asserted-by":"publisher","award":["19YJC630129"],"award-info":[{"award-number":["19YJC630129"]}],"id":[{"id":"10.13039\/501100002338","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Systems"],"abstract":"<jats:p>We adopt a multilayer networks approach to assess how network structural embeddedness affects corporate technological innovation. Our findings indicate an annual increase in both single-layer and multilayer networks, although adoption of the latter by Chinese listed companies is comparatively low. We found that structural embeddedness of multilayer networks positively impacts corporate technological innovation. By reducing uncertainty within the internal environment, these networks bolster technological innovation. Moreover, such embeddedness notably spurs innovation in non-state-owned companies and those with greater internal transparency and robust external oversight. Our analysis reveals an intermediate effect where structural embeddedness in multilayer networks influences innovation. Our work provides new insights into enhancing innovation capacity via network embeddedness and supplies empirical data on utilizing network resources for innovation. We also offer actionable guidance and policy advice for managers, investors, and policymakers, especially relevant amidst economic transformation and pursuit of technological self-reliance of China.<\/jats:p>","DOI":"10.3390\/systems12020041","type":"journal-article","created":{"date-parts":[[2024,1,26]],"date-time":"2024-01-26T08:56:01Z","timestamp":1706259361000},"page":"41","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":6,"title":["The Impact of Shareholder and Director Networks on Corporate Technological Innovation: A Multilayer Networks Analysis"],"prefix":"10.3390","volume":"12","author":[{"given":"Tingli","family":"Liu","sequence":"first","affiliation":[{"name":"The College of Economics and Management, Beijing University of Technology, Beijing 100124, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Qianying","family":"Wang","sequence":"additional","affiliation":[{"name":"The College of Economics and Management, Beijing University of Technology, Beijing 100124, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Songling","family":"Yang","sequence":"additional","affiliation":[{"name":"The College of Economics and Management, Beijing University of Technology, Beijing 100124, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-0216-1997","authenticated-orcid":false,"given":"Qianqian","family":"Shi","sequence":"additional","affiliation":[{"name":"The College of Economics and Management, Beijing University of Technology, Beijing 100124, China"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"1968","published-online":{"date-parts":[[2024,1,26]]},"reference":[{"key":"ref_1","first-page":"46","article-title":"Green Technology Innovation Capability, Product Differentiation, and Company Competitiveness: An Analysis Based on Listed Companies in the Energy Conservation and Environmental Protection Industry","volume":"29","author":"Su","year":"2021","journal-title":"Chin. 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