Financial Constraints, Trade Mode Transition, and Global Value Chain Upgrading of Chinese Firms

Measuring China’s Domestic Technological Upgrading in the Global Value Chain

Less developed countries (LDCs) usually undertake technology-poor slices in the spatial hierarchy of global value chain (GVC). This paper proposes a measure for domestic technological contents (DTC) for LDCs in the GVC, and calculates the DTCs for China as a whole and Jiangsu and Guangdong provinces separately. Two findings emerge from the calculation: the DTC indexes of China and Jiangsu kept ...

“Food Processing Firms, Input Quality Upgrading and Trade”

In this paper the heterogeneous firms and trade literature is extended by integrating quality of inputs and outputs in a food and agricultural setting. Recently, Sexton (2013) has suggested that intermediate agricultural input quality is critical in food processing firms’ output quality and pricing decisions. The results presented in this paper indicate that intermediate agricultural input qual...

Global Value Chains , Economic Upgrading , and Gender

Effect of Global Financial Crisis on International Trade in Developed and Developing Countries

The recent global crisis, as a big crash ( Baldwin and Simon , 2009), has reduced foreign demand growth affecting total countries’ exports. Given the importance of foreign trade to nations and the reality that recent crisis has affected international trade we study the effects of the global financial crisis on trade relations between countries by using Ma and Cheng (2003) approach and by appl...

Financial constraints and investment decisions of listed Indian manufacturing firms

Results: The analysis finds that cash flow sensitivity is a valid measure of financial constraints in the Indian manufacturing sector. Results according to splitting criteria found that investment decisions of standalone firms are more sensitive to cash flow than group affiliated firms. Further, splitting the firms according to market capitalization and tangible net worth reveals a higher degre...