Open Science in Management Research:Opportunities and Challenges

This lecture discusses the emergence and implications of the Open Science Framework (OSF) Movement within the fields of management, industrial-organizational psychology, and related disciplines. The concerns over questionable research practices (e.g., replication failure, lack of transparency) have driven the adoption of Open Science practices. These practices, such as preregistration, data sharing, and transparent reporting, aim to enhance research credibility, replicability, and collaboration across the scientific community Compared to existing academic guidelines such as Transparency and Openness Promotion (TOP) Guidelines, OSF empowers researchers and practitioners with more flexibility to adopt Open Science practices based on their own conditions. Examples from the Journal of Applied Psychology illustrate practical implementation, including voluntary data disclosure and ethical adjustments during peer review. Challenges remain and ought to be addressed, such as resistance from scholars wary of increased workload or methodological scrutiny. The lecture underscores the need for discipline-specific adaptations, acknowledging unique barriers in management research (e.g.,proprietary data constraints). Additionally, it calls for further exploration of how different predictors shape attitudes toward Open Science. Ultimately, this lecture advocates for a balanced approach:promoting openness while respecting contextual limitations. By fostering transparency and collaboration, Open Science is positioned not only as a corrective to questionable practices but also as a catalyst for robust, cumulative knowledge-building in management studies In the main body,this paper aims to comprehensively review the international frontier literature and policy reports on digital currency since 2009,based on the two main threads:private DC and CBDC.Specifically,in the field of private DC,it focuses on international literature related to private digital currency and blockchain technology,covering four themes:the operation mechanism of cryptocurrency,competition among various digital currencies,cryptocurrency transactions and industrial organization,and the rise of stablecoins and their impact.In the field of CBDC,it mainly reviews international literature on CBDC,covering five major themes:whether to issue CBDC,its impacts on financial intermediaries,firm investment and welfare,CBDC and privacy,CBDC and financial stability,and policy discussions on CBDC.Furthermore,given the intensive pilots of China's CBDC since 2019,this paper particularly uses one section to discuss policy issues of e-CNY,e.g.,if e-CNY should stick to the current status/definition as being M0 and retail CBDC.In the end,it points out the future research direction of CBDC,particularly of e-CNY,including optimal design from consumers' perspective,analysis regarding e-CNY used for cross-border transactions,impacts of the two-tier system on the payment industry and data market,impacts on monetary policy and financial stability,and other dimensions of future pilots and explorations,etc.