{"title":"COVID-19 期间的全球价值链参与和企业退出:来自新兴国家的证据","authors":"Ngoc Thang Doan","doi":"10.1111/deve.12411","DOIUrl":null,"url":null,"abstract":"<p>This paper uncovers the nexus between global value chain participation and firm exit during COVID-19 using merged data from World Bank Enterprises Survey and the Enterprise Survey Follow-Up on COVID-19. Empirical results suggest that participation in global value chain could positively extend firm survival and is robust to several specifications, including alternative measures of firm exit and global value chain participation. Further analysis indicates that global value chain participation helps a firm to improve productivity, enhance bargaining power, and mitigate financial constraints, thereby lifting the firm survival. Our paper contributes to understanding how global value chain participation influences firm exit, suggesting several policy and managerial implications.</p>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"62 4","pages":"355-379"},"PeriodicalIF":2.5000,"publicationDate":"2024-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Global Value Chain Participation and Firm Exit During COVID-19: Evidence from Emerging Countries\",\"authors\":\"Ngoc Thang Doan\",\"doi\":\"10.1111/deve.12411\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>This paper uncovers the nexus between global value chain participation and firm exit during COVID-19 using merged data from World Bank Enterprises Survey and the Enterprise Survey Follow-Up on COVID-19. Empirical results suggest that participation in global value chain could positively extend firm survival and is robust to several specifications, including alternative measures of firm exit and global value chain participation. Further analysis indicates that global value chain participation helps a firm to improve productivity, enhance bargaining power, and mitigate financial constraints, thereby lifting the firm survival. Our paper contributes to understanding how global value chain participation influences firm exit, suggesting several policy and managerial implications.</p>\",\"PeriodicalId\":46525,\"journal\":{\"name\":\"Developing Economies\",\"volume\":\"62 4\",\"pages\":\"355-379\"},\"PeriodicalIF\":2.5000,\"publicationDate\":\"2024-07-07\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Developing Economies\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/deve.12411\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"DEVELOPMENT STUDIES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Developing Economies","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/deve.12411","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"DEVELOPMENT STUDIES","Score":null,"Total":0}
Global Value Chain Participation and Firm Exit During COVID-19: Evidence from Emerging Countries
This paper uncovers the nexus between global value chain participation and firm exit during COVID-19 using merged data from World Bank Enterprises Survey and the Enterprise Survey Follow-Up on COVID-19. Empirical results suggest that participation in global value chain could positively extend firm survival and is robust to several specifications, including alternative measures of firm exit and global value chain participation. Further analysis indicates that global value chain participation helps a firm to improve productivity, enhance bargaining power, and mitigate financial constraints, thereby lifting the firm survival. Our paper contributes to understanding how global value chain participation influences firm exit, suggesting several policy and managerial implications.
期刊介绍:
The Developing Economies is the official journal of the Institute of Developing Economies, JETRO, and publishes original research articles dealing with empirical and comparative studies on social sciences relating to the developing countries.