新发展格局下的全球价值链嵌入与企业创新——基于企业分工的“内循环”赋能  

Global Value Chain Embedding and Firm Innovation in the New Development Paradigm-Empowering"Internal Circulation"Based on Enterprise Division of Labor

作　　者：谢陈昕 黎文靖[1] 谭有超 Xie Chenxin;Li Wenjing;Tan Youchao(School of Management,Jinan University)

机构地区：[1]暨南大学管理学院

出　　处：《国际金融研究》2023年第8期30-41,共12页Studies of International Finance

基　　金：国家自然科学基金面上项目“贸易自由化与企业财务行为研究:基于进口竞争视角的分析”(71772078);国家自然科学基金面上项目“基于国际贸易争端视角的政府补助披露问题研究”(71972089);国家自然科学基金重点项目“数字经济下公司财务决策与资源配置效率研究”(72132002)的资助。

摘　　要：本文考察企业参与全球价值链(GVC)与国内企业分工的互动关系对创新活动的影响。研究发现:国内企业分工能够缓解GVC地位攀升对企业创新的负面边际影响,其机制在于“俘获效应”的缓解和“吸收能力”的提升。区分企业参与价值链不同环节后发现,创新“俘获效应”仅存在于GVC上游环节嵌入度深的企业中,企业位于GVC下游环节则以“吸收能力”为主导,这导致国内企业分工在不同GVC嵌入环节产生了异质性的创新后果。本文的研究从生产环节证实了国内外分工在企业不同发展环节的相对作用,为“双循环”新发展格局政策的实施提供参考依据。According to the possible phenomenon of Chinese local enterprises"capturing innovation of in the upgrading of their status within the global value chain(CVC),this paper incorporates the division of labor of domestic enterprises into the unified analysis framework to examine the GVC's impact on enterprise innovation for the first time.Using a sample of A-share listed firms from 2000 to 2014,this paper explores the mechanisms and consequences of the interaction between GVC embedding and domestic firms'division of labor on innovation output.The study finds the following.Firstly,the division of labor among domestic firms can mitigate the negative marginal impact of rising GVC status on innovation output.Secondly,the study indicates that the"capture effect"of innovation exists only in firms that are highly embedded in the upstream segments of the GVC.However,for firms with deeper embeddedness in the downstream link of CVC,the development of domestic division of labor impedes innovation.Thirdly,the mechanism test shows that differences in the attitudes of leading firms in developed countries toward firms in different segments of GVC,as well as differences in R&D investment due to different absorptive capacities,lead to heterogeneous innovation outcomes in the interaction between upstream and downstream segments of GVC and domestic firms'division of labor.This paper makes the following policy recommendations.The government and enterprises should comprehensively examine the advantages and disadvantages of innovation in embedding within GVCs.Efforts should be made to decide whether it is appropriate for enterprises in the production chain to transform fronm"relying on foreign countries"to"deepening the domestic market".The government should guide enterprises to develop differentiated domestic and foreign division of labor cooperation strategies to solve the challenge of the innovation capture phenomenon in Chinese GVC embedding.For example,in the early stage of technology development,enterprises should actively participat

关 键 词：全球价值链 国内企业分工 创新 “双循环” 

分 类 号：F832[经济管理—金融学]