期刊
RESEARCH POLICY
卷 51, 期 3, 页码 -出版社
ELSEVIER
DOI: 10.1016/j.respol.2021.104439
关键词
Global value chains; Inward-sourcing capability; Routines; Capability building; Innovation performance
类别
资金
- TianJin Social Science Research Project [TJYY19-003]
- Center for Transnationals' Studies Research Project 2021 [63212002]
- National Natural Science Foundation of China [72091310, 72091311]
This study proposes the concept of inward-sourcing capability, aiming to address the technical upgrade and avoidance of low value-added activities for emerging economy firms in global value chains. Through an investigation of Chinese manufacturing firms, the study finds that market-based institutions, openness to foreign multinational enterprises, and R&D intensity enhance inward-sourcing capability, while state ownership hinders it. Furthermore, the study also reveals that enhanced inward-sourcing capability expands Chinese firms' search breadth and strengthens their innovation capability and technical impact.
How can emerging-economy firms technically upgrade in global value chains (GVCs) and avoid being locked into low value-added activities? Inspired by catch-up cycles theory and in-out-in policy of GVC participation (Lee et al., 2017), we propose a novel concept of inward-sourcing capability - the ability to implement a dynamic transition from foreign sourcing to local sourcing in GVCs. We argue that inward-sourcing capability is critical for technical upgrade of emerging-economy firms. Using a full sample of Chinese manufacturing firms (714,117 firm-year observations) from 2000 to 2015, we investigate four antecedents of inward-sourcing capability and find that market-based institutions, openness to foreign multinational enterprises, and R&D intensity strengthen such capability-building, while state ownership impedes it. We also find inward-sourcing capability widens Chinese firms' search breadth and strengthens innovation capability and technical impact. Our new concept and findings carry important policy implications for the second stage of in-out-in GVC participation.
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