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

被引：0
作者：
Song, Huasheng [1 ]
Ding, Dianer [1 ]
Zhou, Jianjun [1 ]
机构：
[1] Zhejiang Univ, Sch Econ, Hangzhou 310058, Zhejiang, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2025年 / 78卷
关键词：
Global value chain; Industrial chain; Innovation chain; Integration; Firms' participation; TECHNOLOGY; EXPORTERS; IMPORTERS;
D O I：
10.1016/j.frl.2025.107146
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
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 hightechnology 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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页数：7
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