Efficiency and Stability:Digital Transformation of Global Value Chain and High-Quality Development of Enterprises
Giving consideration to both efficiency and stability is inherent requirement for achieving high-quality development in enterprises.In this paper,the effects of digital transformation of global value chain on output efficiency and output volatility are explored using difference-in-differences propensity score matching method(PSM-DID)under the framework of considering both efficiency and stability.The results show that the digital transformation of global value chain can achieve the enterprise efficiency and stability of high-quality development.Considering the depth of global value chain participation,the higher degree of participation in global value chain,the greater impact of digital transformation of the global value chain on enterprise efficiency and stability.In enterprises with higher output efficiency,the digital transformation of the global value chain has a stronger stabilizing effect on output fluctuations.In mechanism analysis,the digital transformation of global value chain improves the contract quality and reduces the trade network search costs of the enterprises participating in the global value chain,which are the important paths to achieve both efficiency and stability.Therefore,the government should promote the construction of digital global value chain,encourage various en-terprises to rely on online digital platforms to achieve digital trade development,overcome the problem of tradi-tional global value chain being unable to balance efficiency and stability,and promote high-quality develop-ment of enterprises.
efficiency and stabilitydigital transformation of global value chainPSM-DIDcontract qualitysearch costs
万方数据
维普
