Escaping the GVC trap: How does global value chain (GVC) participation impact the integration of the industrial and innovation chains?

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2025-03-04 DOI:10.1016/j.frl.2025.107146

Huasheng Song , Dianer Ding , Jianjun Zhou

引用次数: 0

Abstract

This study examines the impact firms’ global value chain (GVC) participation on their dual-chain (industrial and innovation) integration using a sample of Chinese listed companies. The findings indicate that GVC participation has a negative effect firms’ dual-chain integration. Heterogeneity analysis shows that the inhibitory effect is stronger for firms in the eastern region and high-technology industries, state-owned firms, and large firms. Furthermore, we identify three potential effects: competition, capture, and dependence. This study offers new perspectives on how firms can escape the lock-in trap within the GVC.

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逃离全球价值链陷阱：参与全球价值链如何影响产业链和创新链的整合？

本文以中国上市公司为样本，考察了企业参与全球价值链对其产业和创新双链整合的影响。研究结果表明，参与全球价值链对企业的双链整合具有负向影响。异质性分析表明，东部地区企业和高技术产业、国有企业、大型企业的抑制效应更强。此外，我们确定了三种潜在影响：竞争、捕获和依赖。该研究为企业如何摆脱全球价值链中的锁定陷阱提供了新的视角。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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