统计与决策2024，Vol.40Issue(5)：132-137,6.DOI:10.13546/j.cnki.tjyjc.2024.05.024
数字金融对制造业全球价值链分工地位的影响研究
Impact of Digital Finance on Division Position in Global Value Chain of Manufacturing Industry
摘要
Abstract
This paper selects the panel data of Chinese listed manufacturing enterprises from 2007 to 2021,and uses the econometric regression model,regulatory effect model and intermediary effect model to deeply explore the impact mechanism of digital finance on the position of manufacturing global value chain division.The research findings are as the following:There is a significant inverted U curve relationship between digital finance and the position of manufacturing global value chain division,and this curve relationship will be regulated by the marketing environment,that is,a good marketing environment will narrow the curve shape,shift the turning point to the right,and improve the overall level.The mechanism test finds that digital finance can not only improve the position of manufacturing global value chain division by reducing financing constraints,but also increase the leverage ratio of enterprises and weaken the position of manufacturing global value chain division.Further research finds that the regulatory effect of the business environment is more significant in the inverted U-shape relationship of the position of global value chain di-vision of high-tech and technology-intensive manufacturing industries.关键词
数字金融/营商环境/企业杠杆率/制造业/全球价值链分工地位Key words
digital finance/business environment/corporate leverage ratio/manufacturing/division position in global value chain分类
管理科学引用本文复制引用
罗国良..数字金融对制造业全球价值链分工地位的影响研究[J].统计与决策,2024,40(5):132-137,6.基金项目
广东省哲学社会科学规划项目(GD18XGL17) （GD18XGL17）
广东省教育科学"十三五"规划项目(2020GXJK126) （2020GXJK126）
河源市哲学社会科学规划项目(HYSK21P74) （HYSK21P74）
