With the rise of the global digital economy and the deep integration of digital technology into traditional manufacturing operations,cross-border e-commerce provides a new commercial model and pathways for transformin...With the rise of the global digital economy and the deep integration of digital technology into traditional manufacturing operations,cross-border e-commerce provides a new commercial model and pathways for transforming and upgrading Dongguan’s traditional manufacturing industry.It also offers perspectives for enhancing the integration of online and offline operations while advancing the industrial Internet process.This study examines the impact of cross-border e-commerce on Dongguan manufacturing,highlighting its role in improving production efficiency,expanding international markets,and driving industrial upgrading through product enhancement,supply chain optimization,and innovative business models.By incorporating practical cases and data analysis from Dongguan enterprises,this study investigates the benefits and challenges of cross-border e-commerce in the transformation of the manufacturing industry,aiming to offer a reference for enterprise digital transformation and global competitive strategies.展开更多
Based on panel data from 16 cities in Shandong Province from 2013 to 2022,and grounded in theoretical analysis,this paper constructs a benchmark regression model,a mediating effect model,and a heterogeneity test for e...Based on panel data from 16 cities in Shandong Province from 2013 to 2022,and grounded in theoretical analysis,this paper constructs a benchmark regression model,a mediating effect model,and a heterogeneity test for empirical analysis.The results show that:(1)the digital economy has a significant positive effect on promoting the transformation and upgrading of the manufacturing industry in Shandong Province;(2)the digital economy can drive the transformation and upgrading of the manufacturing industry through technological innovation;and(3)the impact of the digital economy on the transformation and upgrading of the manufacturing industry in Shandong Province is evidently heterogeneous.展开更多
Intelligent technologies are leading to the next wave of industrial revolution in manufacturing.In developed economies,firms are embracing these advanced technologies following a sequential upgrading strategy-from dig...Intelligent technologies are leading to the next wave of industrial revolution in manufacturing.In developed economies,firms are embracing these advanced technologies following a sequential upgrading strategy-from digital manufacturing to smart manufacturing(digital-networked),and then to newgeneration intelligent manufacturing paradigms.However,Chinese firms face a different scenario.On the one hand,they have diverse technological bases that vary from low-end electrified machinery to leading-edge digital-network technologies;thus,they may not follow an identical upgrading pathway.On the other hand,Chinese firms aim to rapidly catch up and transition from technology followers to probable frontrunners;thus,the turbulences in the transitioning phase may trigger a precious opportunity for leapfrogging,if Chinese manufacturers can swiftly acquire domain expertise through the adoption of intelligent manufacturing technologies.This study addresses the following question by conducting multiple case studies:Can Chinese firms upgrade intelligent manufacturing through different pathways than the sequential one followed in developed economies?The data sources include semistructured interviews and archival data.This study finds that Chinese manufacturing firms have a variety of pathways to transition across the three technological paradigms of intelligent manufacturing in nonconsecutive ways.This finding implies that Chinese firms may strategize their own upgrading pathways toward intelligent manufacturing according to their capabilities and industrial specifics;furthermore,this finding can be extended to other catching-up economies.This paper provides a strategic roadmap as an explanatory guide to manufacturing firms,policymakers,and investors.展开更多
With the measurement of dividend payout ratio, logistic regression index value and the firm size financing constraints, this paper investigated the investment behavior of China’s manufacturing firms over the period f...With the measurement of dividend payout ratio, logistic regression index value and the firm size financing constraints, this paper investigated the investment behavior of China’s manufacturing firms over the period from 1998 to 2003, and the relationship between financing constraints and corporate investment using the OLS regression method. The empirical evidence shows that there are certain extent financing constraints in China’s manufacturing firms, but the results are different with different variables to measure the financing constraints.展开更多
Along with the development oflntemet plus and information technology, the future industrial pattern will appear new change. The Internet represents a new economic model, and it uses the results of the development of t...Along with the development oflntemet plus and information technology, the future industrial pattern will appear new change. The Internet represents a new economic model, and it uses the results of the development of the developed communication technology and the Internet platform with the existing various areas of known and unknown fields of social and economic to integration depth, giving full play to the advantages of integration, enhancing the innovation ability of the economic and the production adaptability, to create more new opportunities, thus forming a sustainable excellent ecosystem.展开更多
This paper is based on the samples of listed manufacturing companies of China, taking the financial performance as criterion, and then does research on the firm performance with different internal auditing modes, usin...This paper is based on the samples of listed manufacturing companies of China, taking the financial performance as criterion, and then does research on the firm performance with different internal auditing modes, using Cross-sectional data to analyze the distribution of internal auditing modes and the characteristics of the firm performance. The conclusion is that setting up internal auditing is good for the development of companies, but the function of internal auditing has not been widelv fulfilled.展开更多
In recent decades, the world economy has been stron gl y driven by worldwide foreign direct investment (FDI) of transnational corporati ons (TNCs). And business globalisation is leading to widespread re-structuring of...In recent decades, the world economy has been stron gl y driven by worldwide foreign direct investment (FDI) of transnational corporati ons (TNCs). And business globalisation is leading to widespread re-structuring of international manufacturing systems in TNCs. However, still very little sys tematic research in manufacturing engineering or production/operations managemen t (P/O M) has focused on these new types of globalised manufacturing systems, an d little communication is organised between different academic disciplines such as manufacturing, management/ business studies, economics, geography, internatio nal development studies and so on. Many critical issues are still poorly unders tood and are not covered by current research agendas, for example: · properties of international manufacturing network systems in terms of structu ral architecture, dynamic mechanisms, strategic capabilities, strategy processes , new technology, and alliance relationships · knowledge management and organisational learning mechanisms in international manufacturing context, especially in globally coordinated networks at both intra - and inter- organisational levels · global economic trends, regional collaboration, national culture/identity, an d their impacts on industrial sector development, and company’s manufacturin g system design/re-structuring In industry, lack of global vision and appropriate strategies during internation alisation have become major barrier to the effective management of international operations. In academia, limited multi-discipline exchanges have inhibited de velopments not only in each area but also knowledge contribution to industry whi ch could arise from discipline integration. This paper, based on recent years case observations and action research work on manufacturing internationalisation, especially globalisation, introduces an evol utionary process of manufacturing systems. It seeks to explore the external and internal driving forces of the transformation and the responses of manufacturin g systems in terms of static architectures, dynamic mechanisms, and strategic ca pabilities in the evolutionary process. The paper Reviews recent researches on manufacturing internationalisation in dif ferent disciplines to gain a comprehensive picture about international manufactu ring system from different perspectives. Based on the empirical observations of industrial issues and difficulties, a further research framework is proposed to tackle wider issues in international manufacturing covering manufacturing value creation process, internationalisation process, and strategic alliance formatio n process. The paper argues that, besides deep research on three dimensions of international manufacturing system, development of strategy process to synthesis e these three processes is more important in the future research work. It sugge sts that it is necessary to enhance the collaboration between countries and disc iplines, and stimulate explorations of new frameworks that can provide more insi ghts about new manufacturing systems and foresights their development.展开更多
Based on the market segmentation theory,this paper employed data on China-US trade and firm R&D,innovation and TFP to investigate the long-term effects of China’s manufacturing exports on firm innovation in the U...Based on the market segmentation theory,this paper employed data on China-US trade and firm R&D,innovation and TFP to investigate the long-term effects of China’s manufacturing exports on firm innovation in the US from an heterogeneity perspective,and tested the underlying mechanism.The authors found that in the long run,China’s manufacturing exports had to some extent increased manufacturing firm innovation in the US.The effect is highly heterogeneous across various manufacturing sectors.While Chinese exports affect the innovation output of non-core manufacturing firms in the US,they did little on the innovation of core manufacturing firms in the US.In the long run,the cumulative R&D input of core manufacturing firms in the US has not decreased significantly,and factors of production had migrated from non-core to core manufacturing sectors.Such a reallocation of production factors has increased specialization and overall innovation output from US manufacturing firms.By demonstrating that the rise of developing countries is consistent with the theory of comparative advantages,this paper refutes the“China threat”narrative touted by some developed countries,and provides scientific basis for rational resource allocation and international division of labor.展开更多
Under the new normal economy, the manufacturing industry is developing rapidly as the focus of economic development in Jiangsu. Its rapid development has brought great opportunities to our society, but at the same tim...Under the new normal economy, the manufacturing industry is developing rapidly as the focus of economic development in Jiangsu. Its rapid development has brought great opportunities to our society, but at the same time, great challenges has been brought to the natural environment. The resource consumption and environmental pollution problems have become increasingly prominent. In the face of this situation, we must try every means to reduce pollution and save energy. Therefore, the transition trend of manufacturing industry in the future is bound to take the green economy as the background. Thus, this paper analyzes the drawbacks of the manufacturing industry in Jiangsu province. And the status of traditional manufacturing enterprises and advantages of green manufacturing are analyzed. Then, the paper proposed to explore the practice of green manufacturing mode for the ecological protection, so as to achieve the industrial transformation and upgrading of manufacturing industry in Jiangsu province.展开更多
This study examined whether family-owned firms have advantages for accessing external financial sources for growth.Especially in developing countries with imperfect markets,firms can face difficulties accessing extern...This study examined whether family-owned firms have advantages for accessing external financial sources for growth.Especially in developing countries with imperfect markets,firms can face difficulties accessing external financing sources;however,family-owned firms might have some advantages in this regard over nonfamily firms.Unlike previous studies,this study considered that,in the Turkish context,nonfamily firms are financially constrained while family firms are not.To examine this hypothesis,we used the generalized method of moments(GMM)approach to analyze panel data from 2006 to 2017.The findings showed that financing constraints were a significant obstacle to growth for nonfamily-owned manufacturing firms while the effect was not present for family firms since they are controlled by large,well-established family groups.These results elucidate the relationship between corporate ownership and growth among Turkish firms,especially those with strong links to large family-owned corporations.The results also revealed that reputation and network may facilitate easier access to external financing sources,especially when considering the“Big Six”family ties of firms.展开更多
Intelligent manufacturing is the transformation and upgrading of Chma's manutactunng industry, to speeu up me transformation from the manufacturing power to the main direction of manufacturing power, but also to impl...Intelligent manufacturing is the transformation and upgrading of Chma's manutactunng industry, to speeu up me transformation from the manufacturing power to the main direction of manufacturing power, but also to implement the "Made in China 2025" and "lntemet plus" strategy to promote the supply side of the manufacturing sector reform, building a global influence of the importatu center of science and technology innovation center. An analysis of the present situation of intelligent manufacturing industry in Shanghai, we can point out the deficiency of its development and point out the direction for the development of the intelligent manufacturing industry in Shanghai.展开更多
By creating a labor market dynamic general equilibrium model, this paper derives the pass-through mechanism of exchange rate's employment and wage effects,carries out an empirical study on the employment and wage ...By creating a labor market dynamic general equilibrium model, this paper derives the pass-through mechanism of exchange rate's employment and wage effects,carries out an empirical study on the employment and wage effects of RMB exchange rate for manufacturing sectors in China and the United States based on ridge regression, and examines the role of industry characteristics in this process. Research findings suggest that: RMB depreciation will drive employment and wage growth for most of China's laborintensive manufacturing sectors, and RMB appreciation will increase employment for certain capital-and technology-intensive sectors; but RMB depreciation has insignificant employment and wage effects for most sectors in the US. Hence, in achieving the longterm stability of RMB exchange rate, China should take advantage of RMB appreciation's manufacturing upgrade effect and ensure the steady growth of manufacturing employment.The US should make breakthroughs in various links of its economic development in order to tackle unemployment, instead of blaming RMB exchange rate. In addition, the nature of business activities and trade union characteristic are both significant factors that lead to differences in inter-sector employment levels of Chinese and US manufacturing sectors.Technology characteristic and other monopolistic characteristics exert decisive effects on the difference of wage return for various sectors in China and the US.展开更多
This study examines the impact of outward foreign direct investment(OFDI)on Chinese manufacturing firms'financialization and servitization.Using a difference-in-differences approach with propensity score matching,...This study examines the impact of outward foreign direct investment(OFDI)on Chinese manufacturing firms'financialization and servitization.Using a difference-in-differences approach with propensity score matching,we found that OFDI encouraged firms'financial and service activities.The effects of OFDI on financialization were stronger for firms specializing in short-term financial assets,operating in labor and technology-intensive sectors,investing overseas to pursue production,resources and markets there,and investing in non-OECD and Belt and Road Initiative(BRI)countries.Meanwhile,firms investing overseas were more likely to provide services at the sale or postsale stages.Outward foreign direct investment has also boosted the service activities of firms operating in the technology-intensive sector by investing overseas to seek resources and markets,as well as investing in non-OECD and BRI countries.Finally,OFDI partially influenced the extent of financialization and servitization of firms by affecting their profit-making ability.展开更多
Using data from the 2012 China Enterprise Survey conducted by the World Bank, this study examines the determinants of intangible investment by private manufacturing firms and its impacts on firms 'productivity in Chi...Using data from the 2012 China Enterprise Survey conducted by the World Bank, this study examines the determinants of intangible investment by private manufacturing firms and its impacts on firms 'productivity in China, thus shedding light on the recent development of intangibles in one of the largest emerging economies in the world. Higher human capital, larger firm size and better institutional quality are found to increase the propensity and the amount of intangible investment, yet fiercer market competition generally decreases both the propensity and the amount invested in intangibles. We provide evidence that the disaggregated components of intangibles are positively correlated with firm productivity and there is complementarity between software and organization investment. Implications for policies to enhance investment in intangibles are identified from the empirical results.展开更多
With deepening digital technology applications in international trade, e-commerce platforms have become a major avenue for firm export. Based on a multicountry, multi-product heterogeneous firms trade theory model, th...With deepening digital technology applications in international trade, e-commerce platforms have become a major avenue for firm export. Based on a multicountry, multi-product heterogeneous firms trade theory model, this paper investigates the firm export effects of e-commerce platforms, and empirically tests the inferences from the model using data from Alibaba China Station, China industrial enterprises data, and China customs data from 2000 to 2009. Our estimation result shows that overall, e-commerce platforms significantly increase firm export probability and volume;e-commerce platforms enable firms to export products of different types to more countries by reducing the cost of information and export markets threshold while raising trade efficiency. Further analysis of enterprise heterogeneity reveals that SMEs, firms in China's eastern region, and general exporters benefit more from e-commerce platforms than other types of firms do.展开更多
This paper reviews the basic implications and policy orientation of the new development pattern and the impacts of constructing the new development pattern on the manufacturing transformation and upgrading,based on wh...This paper reviews the basic implications and policy orientation of the new development pattern and the impacts of constructing the new development pattern on the manufacturing transformation and upgrading,based on which the choice of manufacturing transformation and upgrading paths is further discussed under the new development pattern.This paper holds that the paths of manufacturing transformation and upgrading need to be adjusted and expanded under the conditions of constructing the new development pattern.The main ideas are as follows.Restructuring the manufacturing industry chain with the large domestic market as the main guide,creating the good environment conducive to independent innovation,coordinating the regional layout for the overall high-quality manufacturing development,optimizing the business environment and enhancing the vitality and driving force of the manufacturing’s development,relying on the Belt and Road Initiative(BRI)for a higher level of international circulation.The theoretical bases for adjusting and expanding the paths of manufacturing transformation and upgrading are:embracing the new requirements with domestic circulation as the mainstay,the characteristics with the mutual reinforcement of domestic and international circulations,and promoting the manufacturing’s high-quality development and the medium and high-speed growth.展开更多
基金2024 General University Characteristic Innovation Research Project of the Education Department of Guangdong Province“Research on the Transformation and Upgrading of Dongguan’s Manufacturing Industry Empowered by Cross-border E-commerce in the Context of New Productivity”(Project No.2024WTSCX347)。
文摘With the rise of the global digital economy and the deep integration of digital technology into traditional manufacturing operations,cross-border e-commerce provides a new commercial model and pathways for transforming and upgrading Dongguan’s traditional manufacturing industry.It also offers perspectives for enhancing the integration of online and offline operations while advancing the industrial Internet process.This study examines the impact of cross-border e-commerce on Dongguan manufacturing,highlighting its role in improving production efficiency,expanding international markets,and driving industrial upgrading through product enhancement,supply chain optimization,and innovative business models.By incorporating practical cases and data analysis from Dongguan enterprises,this study investigates the benefits and challenges of cross-border e-commerce in the transformation of the manufacturing industry,aiming to offer a reference for enterprise digital transformation and global competitive strategies.
文摘Based on panel data from 16 cities in Shandong Province from 2013 to 2022,and grounded in theoretical analysis,this paper constructs a benchmark regression model,a mediating effect model,and a heterogeneity test for empirical analysis.The results show that:(1)the digital economy has a significant positive effect on promoting the transformation and upgrading of the manufacturing industry in Shandong Province;(2)the digital economy can drive the transformation and upgrading of the manufacturing industry through technological innovation;and(3)the impact of the digital economy on the transformation and upgrading of the manufacturing industry in Shandong Province is evidently heterogeneous.
基金This research is supported by the National Natural Science Foundation of China(91646102,L1824039,L1724034,L1624045,and L1524015)the project of China’s Ministry of Education(16JDGC011)+6 种基金the Chinese Academy of Engineering’s consultancy project(2019-ZD-9)the National Science and Technology Major Project(2016ZX04005002)Beijing Natural Science Foundation Project(9182013)the technology projects of the Chinese Academy of Engineering’s China Knowledge Center for Engineering Sciences(CKCEST-2019-2-13,CKCEST-2018-1-13,CKCEST-2017-1-10,and CKCEST-2015-4-2)the UK–China Industry Academia Partnership Programme(UK-CIAPP\260)the Volvo-supported Green Economy and Sustainable Development Projects in the Tsinghua University(20153000181)Tsinghua Initiative Research(2016THZW).
文摘Intelligent technologies are leading to the next wave of industrial revolution in manufacturing.In developed economies,firms are embracing these advanced technologies following a sequential upgrading strategy-from digital manufacturing to smart manufacturing(digital-networked),and then to newgeneration intelligent manufacturing paradigms.However,Chinese firms face a different scenario.On the one hand,they have diverse technological bases that vary from low-end electrified machinery to leading-edge digital-network technologies;thus,they may not follow an identical upgrading pathway.On the other hand,Chinese firms aim to rapidly catch up and transition from technology followers to probable frontrunners;thus,the turbulences in the transitioning phase may trigger a precious opportunity for leapfrogging,if Chinese manufacturers can swiftly acquire domain expertise through the adoption of intelligent manufacturing technologies.This study addresses the following question by conducting multiple case studies:Can Chinese firms upgrade intelligent manufacturing through different pathways than the sequential one followed in developed economies?The data sources include semistructured interviews and archival data.This study finds that Chinese manufacturing firms have a variety of pathways to transition across the three technological paradigms of intelligent manufacturing in nonconsecutive ways.This finding implies that Chinese firms may strategize their own upgrading pathways toward intelligent manufacturing according to their capabilities and industrial specifics;furthermore,this finding can be extended to other catching-up economies.This paper provides a strategic roadmap as an explanatory guide to manufacturing firms,policymakers,and investors.
基金Funded by the Natural Science Foundation of China (No. 70372041).
文摘With the measurement of dividend payout ratio, logistic regression index value and the firm size financing constraints, this paper investigated the investment behavior of China’s manufacturing firms over the period from 1998 to 2003, and the relationship between financing constraints and corporate investment using the OLS regression method. The empirical evidence shows that there are certain extent financing constraints in China’s manufacturing firms, but the results are different with different variables to measure the financing constraints.
文摘Along with the development oflntemet plus and information technology, the future industrial pattern will appear new change. The Internet represents a new economic model, and it uses the results of the development of the developed communication technology and the Internet platform with the existing various areas of known and unknown fields of social and economic to integration depth, giving full play to the advantages of integration, enhancing the innovation ability of the economic and the production adaptability, to create more new opportunities, thus forming a sustainable excellent ecosystem.
基金This paper is supported by National Natural Science Foundation of China (NoL70372028), the "Projects 985" and "Projects 211" of Nankai University. It's the authors' responsibility to stand the errors in this paper..
文摘This paper is based on the samples of listed manufacturing companies of China, taking the financial performance as criterion, and then does research on the firm performance with different internal auditing modes, using Cross-sectional data to analyze the distribution of internal auditing modes and the characteristics of the firm performance. The conclusion is that setting up internal auditing is good for the development of companies, but the function of internal auditing has not been widelv fulfilled.
文摘In recent decades, the world economy has been stron gl y driven by worldwide foreign direct investment (FDI) of transnational corporati ons (TNCs). And business globalisation is leading to widespread re-structuring of international manufacturing systems in TNCs. However, still very little sys tematic research in manufacturing engineering or production/operations managemen t (P/O M) has focused on these new types of globalised manufacturing systems, an d little communication is organised between different academic disciplines such as manufacturing, management/ business studies, economics, geography, internatio nal development studies and so on. Many critical issues are still poorly unders tood and are not covered by current research agendas, for example: · properties of international manufacturing network systems in terms of structu ral architecture, dynamic mechanisms, strategic capabilities, strategy processes , new technology, and alliance relationships · knowledge management and organisational learning mechanisms in international manufacturing context, especially in globally coordinated networks at both intra - and inter- organisational levels · global economic trends, regional collaboration, national culture/identity, an d their impacts on industrial sector development, and company’s manufacturin g system design/re-structuring In industry, lack of global vision and appropriate strategies during internation alisation have become major barrier to the effective management of international operations. In academia, limited multi-discipline exchanges have inhibited de velopments not only in each area but also knowledge contribution to industry whi ch could arise from discipline integration. This paper, based on recent years case observations and action research work on manufacturing internationalisation, especially globalisation, introduces an evol utionary process of manufacturing systems. It seeks to explore the external and internal driving forces of the transformation and the responses of manufacturin g systems in terms of static architectures, dynamic mechanisms, and strategic ca pabilities in the evolutionary process. The paper Reviews recent researches on manufacturing internationalisation in dif ferent disciplines to gain a comprehensive picture about international manufactu ring system from different perspectives. Based on the empirical observations of industrial issues and difficulties, a further research framework is proposed to tackle wider issues in international manufacturing covering manufacturing value creation process, internationalisation process, and strategic alliance formatio n process. The paper argues that, besides deep research on three dimensions of international manufacturing system, development of strategy process to synthesis e these three processes is more important in the future research work. It sugge sts that it is necessary to enhance the collaboration between countries and disc iplines, and stimulate explorations of new frameworks that can provide more insi ghts about new manufacturing systems and foresights their development.
文摘Based on the market segmentation theory,this paper employed data on China-US trade and firm R&D,innovation and TFP to investigate the long-term effects of China’s manufacturing exports on firm innovation in the US from an heterogeneity perspective,and tested the underlying mechanism.The authors found that in the long run,China’s manufacturing exports had to some extent increased manufacturing firm innovation in the US.The effect is highly heterogeneous across various manufacturing sectors.While Chinese exports affect the innovation output of non-core manufacturing firms in the US,they did little on the innovation of core manufacturing firms in the US.In the long run,the cumulative R&D input of core manufacturing firms in the US has not decreased significantly,and factors of production had migrated from non-core to core manufacturing sectors.Such a reallocation of production factors has increased specialization and overall innovation output from US manufacturing firms.By demonstrating that the rise of developing countries is consistent with the theory of comparative advantages,this paper refutes the“China threat”narrative touted by some developed countries,and provides scientific basis for rational resource allocation and international division of labor.
基金supported by 2016 Jiangsu provincial university philosophy and social science research project (Grant No. 2016SJD790032)
文摘Under the new normal economy, the manufacturing industry is developing rapidly as the focus of economic development in Jiangsu. Its rapid development has brought great opportunities to our society, but at the same time, great challenges has been brought to the natural environment. The resource consumption and environmental pollution problems have become increasingly prominent. In the face of this situation, we must try every means to reduce pollution and save energy. Therefore, the transition trend of manufacturing industry in the future is bound to take the green economy as the background. Thus, this paper analyzes the drawbacks of the manufacturing industry in Jiangsu province. And the status of traditional manufacturing enterprises and advantages of green manufacturing are analyzed. Then, the paper proposed to explore the practice of green manufacturing mode for the ecological protection, so as to achieve the industrial transformation and upgrading of manufacturing industry in Jiangsu province.
文摘This study examined whether family-owned firms have advantages for accessing external financial sources for growth.Especially in developing countries with imperfect markets,firms can face difficulties accessing external financing sources;however,family-owned firms might have some advantages in this regard over nonfamily firms.Unlike previous studies,this study considered that,in the Turkish context,nonfamily firms are financially constrained while family firms are not.To examine this hypothesis,we used the generalized method of moments(GMM)approach to analyze panel data from 2006 to 2017.The findings showed that financing constraints were a significant obstacle to growth for nonfamily-owned manufacturing firms while the effect was not present for family firms since they are controlled by large,well-established family groups.These results elucidate the relationship between corporate ownership and growth among Turkish firms,especially those with strong links to large family-owned corporations.The results also revealed that reputation and network may facilitate easier access to external financing sources,especially when considering the“Big Six”family ties of firms.
文摘Intelligent manufacturing is the transformation and upgrading of Chma's manutactunng industry, to speeu up me transformation from the manufacturing power to the main direction of manufacturing power, but also to implement the "Made in China 2025" and "lntemet plus" strategy to promote the supply side of the manufacturing sector reform, building a global influence of the importatu center of science and technology innovation center. An analysis of the present situation of intelligent manufacturing industry in Shanghai, we can point out the deficiency of its development and point out the direction for the development of the intelligent manufacturing industry in Shanghai.
文摘By creating a labor market dynamic general equilibrium model, this paper derives the pass-through mechanism of exchange rate's employment and wage effects,carries out an empirical study on the employment and wage effects of RMB exchange rate for manufacturing sectors in China and the United States based on ridge regression, and examines the role of industry characteristics in this process. Research findings suggest that: RMB depreciation will drive employment and wage growth for most of China's laborintensive manufacturing sectors, and RMB appreciation will increase employment for certain capital-and technology-intensive sectors; but RMB depreciation has insignificant employment and wage effects for most sectors in the US. Hence, in achieving the longterm stability of RMB exchange rate, China should take advantage of RMB appreciation's manufacturing upgrade effect and ensure the steady growth of manufacturing employment.The US should make breakthroughs in various links of its economic development in order to tackle unemployment, instead of blaming RMB exchange rate. In addition, the nature of business activities and trade union characteristic are both significant factors that lead to differences in inter-sector employment levels of Chinese and US manufacturing sectors.Technology characteristic and other monopolistic characteristics exert decisive effects on the difference of wage return for various sectors in China and the US.
基金supported financially by the National Social Science Foundation of China(No.19CJY049)the National Natural Science Foundation of China(Nos.72173052,71803058,71873050)the Fundamental Research Funds from the Central Universities of China(No.2662022JGYJY02)。
文摘This study examines the impact of outward foreign direct investment(OFDI)on Chinese manufacturing firms'financialization and servitization.Using a difference-in-differences approach with propensity score matching,we found that OFDI encouraged firms'financial and service activities.The effects of OFDI on financialization were stronger for firms specializing in short-term financial assets,operating in labor and technology-intensive sectors,investing overseas to pursue production,resources and markets there,and investing in non-OECD and Belt and Road Initiative(BRI)countries.Meanwhile,firms investing overseas were more likely to provide services at the sale or postsale stages.Outward foreign direct investment has also boosted the service activities of firms operating in the technology-intensive sector by investing overseas to seek resources and markets,as well as investing in non-OECD and BRI countries.Finally,OFDI partially influenced the extent of financialization and servitization of firms by affecting their profit-making ability.
文摘Using data from the 2012 China Enterprise Survey conducted by the World Bank, this study examines the determinants of intangible investment by private manufacturing firms and its impacts on firms 'productivity in China, thus shedding light on the recent development of intangibles in one of the largest emerging economies in the world. Higher human capital, larger firm size and better institutional quality are found to increase the propensity and the amount of intangible investment, yet fiercer market competition generally decreases both the propensity and the amount invested in intangibles. We provide evidence that the disaggregated components of intangibles are positively correlated with firm productivity and there is complementarity between software and organization investment. Implications for policies to enhance investment in intangibles are identified from the empirical results.
文摘With deepening digital technology applications in international trade, e-commerce platforms have become a major avenue for firm export. Based on a multicountry, multi-product heterogeneous firms trade theory model, this paper investigates the firm export effects of e-commerce platforms, and empirically tests the inferences from the model using data from Alibaba China Station, China industrial enterprises data, and China customs data from 2000 to 2009. Our estimation result shows that overall, e-commerce platforms significantly increase firm export probability and volume;e-commerce platforms enable firms to export products of different types to more countries by reducing the cost of information and export markets threshold while raising trade efficiency. Further analysis of enterprise heterogeneity reveals that SMEs, firms in China's eastern region, and general exporters benefit more from e-commerce platforms than other types of firms do.
基金“Research on Major Issues of Coordinated Development of Secondary and Tertiary Industries Amid the Service-Oriented Manufacturing Transformation”,supported by Major Projects of the National Social Science Fund of China(20&ZD087)This paper is an excerpt from the authors’Chinese article on China Industrial Economics,No.11,2021。
文摘This paper reviews the basic implications and policy orientation of the new development pattern and the impacts of constructing the new development pattern on the manufacturing transformation and upgrading,based on which the choice of manufacturing transformation and upgrading paths is further discussed under the new development pattern.This paper holds that the paths of manufacturing transformation and upgrading need to be adjusted and expanded under the conditions of constructing the new development pattern.The main ideas are as follows.Restructuring the manufacturing industry chain with the large domestic market as the main guide,creating the good environment conducive to independent innovation,coordinating the regional layout for the overall high-quality manufacturing development,optimizing the business environment and enhancing the vitality and driving force of the manufacturing’s development,relying on the Belt and Road Initiative(BRI)for a higher level of international circulation.The theoretical bases for adjusting and expanding the paths of manufacturing transformation and upgrading are:embracing the new requirements with domestic circulation as the mainstay,the characteristics with the mutual reinforcement of domestic and international circulations,and promoting the manufacturing’s high-quality development and the medium and high-speed growth.