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KIBS Import Technological Complexity and Manufacturing Value Chain Upgrading from a Financial Constraint Perspective

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  • Kong, Qunxi
  • Shen, Chenrong
  • Sun, Wei
  • Shao, Wei

Abstract

This paper used manufacturing sub-industry data from 2000 to 2014 to conduct an empirical analysis between the technological complexity of KIBS imports and the status of China's manufacturing GVC from the perspective of financing constraints. The study revealed that the increase in the import technological complexity of KIBS has had a positive impact on China's manufacturing GVC status. The import technological complexity of KIBS with high technology density has a more prominent role. However, the financial constraint may hinder the impact of the technical complexity of KIBS imports on upgrading the manufacturing GVC position.

Suggested Citation

  • Kong, Qunxi & Shen, Chenrong & Sun, Wei & Shao, Wei, 2021. "KIBS Import Technological Complexity and Manufacturing Value Chain Upgrading from a Financial Constraint Perspective," Finance Research Letters, Elsevier, vol. 41(C).
    • Handle: RePEc:eee:finlet:v:41:y:2021:i:c:s1544612320316573
    DOI: 10.1016/j.frl.2020.101843
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    References listed on IDEAS

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    Cited by:

    1. Kong, Qunxi & Li, Rongrong & Jiang, X. & Sun, Peibo & Peng, Dan, 2022. "Has transportation infrastructure development improved the quality of economic growth in China’s cities? A quasi-natural experiment based on the introduction of high-speed rail," Research in International Business and Finance, Elsevier, vol. 62(C).
    2. Zoey Wong & Afei Chen & Farhad Taghizadeh-Hesary & Rongrong Li & Qunxi Kong, 2023. "Financing Constraints and Firm’s Productivity Under the COVID-19 Epidemic Shock: Evidence of A-Shared Chinese Companies," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 35(1), pages 167-195, February.
    3. Kong, Qunxi & Chen, Afei & Wong, Zoey & Peng, Dan, 2021. "Factor price distortion, efficiency loss and enterprises' outward foreign direct investment," International Review of Financial Analysis, Elsevier, vol. 78(C).
    4. Zhang, Dongyang & Kong, Qunxi, 2022. "Credit policy, uncertainty, and firm R&D investment: A quasi-natural experiment based on the Green Credit Guidelines," Pacific-Basin Finance Journal, Elsevier, vol. 73(C).

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