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.

引用

页数：7

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