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| Research on the Influencing Factors of "Going down" Ability of China's National ICT Enterprises under the Dual Circulation of Global Value Chain |
| Yu Pei,Zhang Yu |
| (School of Economics, Wuhan University of Technology, Wuhan 430070, China) |
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Abstract Based on the characteristics that China is in the pivotal status of international division of labour between the upper circulation formed by the developed countries and the lower circulation formed by the developing countries, this paper constructs the influence mechanism of Chinese OFDI national enterprises "going down" ability from the perspective of country specific advantage-firm specific advantage, focusing on the path selection of different circulations, and takes 70 Chinese listed companies in ICT industry from 2005 to 2015 as samples, and sets up the quantitative index of enterprise's "going down" ability to test the theoretical hypothesis.The results show that the improvement of host country specific advantages measured by industry GVC status index will help to improve the survival ability of Chinese ICT enterprises, especially for the long-term survival ability of the enterprises choosing to enter the lower circulation countries and located in the downstream of the industrial chain.In addition, the regional differences of home countries and the impact of the 2008 financial crisis have also been proven.Namely, enterprises in the PRD and "going-global" before the financial crisis are more benefited from the promotion of industry GVC status of host countries, and then improve the long-term survival ability.
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Received: 27 August 2020
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