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)。
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 f...