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Published in last 1 year |  In last 2 years |  In last 3 years |  All Please wait a minute... For Selected: Download Citations EndNote Ris BibTeX Toggle Thumbnails Select The Mechanism and Path of New Quality Productivity to Enable High-Quality Development of Export Trade WANG Jian Contemporary Finance & Economics    2024, 0 (10): 113-122.   Abstract （23）            Knowledge map    Save The development of new quality productivity is bound to promote the high-quality development of economy. It is of great significance to profoundly analyze the mechanism and path of new quality productivity to enable high-quality development of export trade for the construction of a trade power and high-quality economic development. Innovation in the sense of economics is closely related to the new quality state of productivity. Scientific and technological innovation creates new products, and new quality productivity gives birth to new industries. The spread, diffusion and transfer of knowledge and technology, namely technology spillover, is an important source of technological innovation and the development of new quality productivity. Technological innovation can produce direct export growth effect, and the development of new products and new industries will naturally promote the expanded marginal export growth. The spread and diffusion of knowledge and technology in the innovation ecosystem is an important way to enhance the competitiveness of export products; the development of the new quality productivity directly improve export competitiveness, while the new quality productivity can improve technology absorption ability and indirectly improve the competitiveness of export by expanding the scope of advanced elements, improving the quality of elements, and optimizing the structure of elements. The new quality productivity can create new demands and local market effect to promote exports through effective high quality supply. The new quality productivity can strengthen the competition of domestic products and industrial levels, promote the improvement of enterprise productivity, thus enabling enterprises to overcome the critical productivity of sunk export costs and increase exports. Accelerating the growth of export varieties, promoting the upgrading of export trade technology structure and promoting the transformation of trade mode are the specific paths for the new quality productivity to enable the high-quality development of export trade. Reference | Related Articles | Metrics | Comments（0） Select Research on the Measurement, Spatial Differentiation and Convergence of the Modernization Level of China’s Cultural Industry Chain WEI He-qing, HU Shi-zhong, WU Lei Contemporary Finance & Economics    2024, 0 (10): 123-140.   Abstract （23）            Knowledge map    Save Improving the modernization level of the cultural industry chain has become an important measure to promote the transformation and upgrading of China’s cultural industry and build a cultural power. By scientifically defining the connotation of the modernization of the cultural industry chain, refining the core elements of the modernization of the cultural industry chain, measuring the modernization level of the national and provincial cultural industry chain from 2012 to 2021, this paper explores the spatial differentiation and convergence of the modernization level of the cultural industry chain by using the methods of kernel density estimation, Dagum gini coefficient and convergence model. The findings show that: firstly, during the observation period, the modernization level of the national cultural industry chain generally presents a fluctuating upward trend, and the regional differences in the modernization level of the cultural industry chain shows a narrowing trend. Secondly, there is a phenomenon of “club convergence” in the modernization level of provincial cultural industry chain during the observation period, and it is difficult for low-level areas to achieve a transition to a higher development type because there exists a spatial crowding out effect during the convergence procedure. Thirdly, the modernization level of the national cultural industry chain has significantly converged during the observation period. According to the research conclusion, we should further enhance the innovation efficiency of the national cultural industry chain, strengthen the research and development of the core technology of the cultural industry, further expand the market scale of digital cultural products and the cardinal number of cultural enterprises in the northeast and western regions, optimize the spatial layout of the national cultural resource elements, and guide the benign and coordinated development of the modernization of the regional cultural industry chain. Reference | Related Articles | Metrics | Comments（0） Select Digital Economy, Carbon Total Factor Productivity and Urban Low-Carbon Development WU Chang-nan, TIAN Ling-feng Contemporary Finance & Economics    2024, 0 (9): 111-125.   Abstract （57）            Knowledge map    Save At present, China's digital economy is booming, and at the same time, China is vigorously promoting urban low-carbon development. Then, can the digital economy promote urban low-carbon development? Using the panel data of 284 prefecture-level cities in China from 2011 to 2021, this paper empirically examines the impact of digital economy on urban low-carbon development on the basis of measuring the level of urban low-carbon development and the level of urban digital economy development. The findings show that digital economy can significantly promote urban low-carbon development. The analysis of the impact mechanism reveals that the digital economy can promote urban green technology innovation and reduce urban energy consumption intensity, which can improve urban carbon total factor productivity, and then promote urban low-carbon development. The moderating effect analysis indicates that the intensity of environmental regulation can enhance the promotion effect of digital economy on urban low-carbon development. The heterogeneity analysis reveals that the digital economy contributes more to urban low-carbon development in the non-resource-based cities or cities with a non-coal-based energy consumption structure. For this reason, it is necessary to strengthen the construction of digital infrastructure, promote the rapid development of the digital economy, and give full play to the facilitating effect of the digital economy on urban low-carbon development. Reference | Related Articles | Metrics | Comments（0） Select The Impact of Digital Economy on the Integration of the“Four Chains”in Manufacturing Industry QI Ping, SONG Wei-hui, GAO Yuan-bo Contemporary Finance & Economics    2024, 0 (9): 126-138.   Abstract （50）            Knowledge map    Save The digital economy is of profound significance in advancing the integration of innovation chain, industry chain, capital chain and talent chain (abbreviated as“four chains”) in manufacturing industry, and thus expediting the construction of the modern industrial system. Through theoretical analysis and an empirical test based on the provincial data of China's manufacturing industry from 2011 to 2021, this paper explores the specific impact of digital economy on the“four chain”integration of manufacturing industry. The results of the benchmark regression test indicate that the digital economy can significantly promote the integration of the“four chains”in the manufacturing industry, and the conclusion still holds true after a series of robustness tests. The mechanism test indicates that alleviating capital mismatch and labor mismatch is an important mechanism for the digital economy to promote the integration of the“four chains”in the manufacturing industry. The results of the spatial econometric test indicate that the digital economy has a positive spatial spillover effect on promoting the integration of the“four chains”in the manufacturing industry. The results of the group estimation test show that in coastal areas and areas along the“the Belt and Road”route, the digital economy has more impetus to promote the“four chains”integration in the manufacturing industry. Each region should follow the inherent logic of the integration of the“four chains”and consolidate the foundation of the“four chains” integration of the manufacturing industry; they should promote high-quality development of the digital economy and smooth the channels for empowering the digital economy; they should be guided by policies and draw on the experience of advanced regions, so as to promote the integration of the“four chains”empowered by digital economy in the manufacturing industry. Reference | Related Articles | Metrics | Comments（0） Select The Application of Industrial Robots and the Service-Oriented Transformation of Enterprises CHEN Hong-zhang, LI Shao-kai, TANG Xiao-jun Contemporary Finance & Economics    2024, 0 (7): 116-131.   Abstract （34）            Knowledge map    Save Service-oriented transformation is the only way for Chinese manufacturing enterprises to achieve high-quality development. This paper uses input-output tables and product word frequency retrieval to measure the level of enterprise input servicing and output servicing. Based on the data of Chinese industrial enterprises and Chinese import and export customs from 2000 to 2013, it examines the impact of industrial robot application on enterprise service-oriented transformation. The findings show that the application of industrial robots has significantly improved the level of enterprise input servicing and output servicing. After dealing with endogeneity issues and conducting robustness tests, the conclusion still holds. The mechanism testing reveals that the application of robots improves the input servicing level of enterprises mainly through cost reduction effects, and this effect on output servicing is not significant. The application of robots can promote both the level of input servicing and output servicing of enterprises through the human capital structure optimization effect and the value chain climbing effect. The heterogeneity testing results reveal that the promotion effect of industrial robot applications on enterprise service-oriented transformation is more evident in export-oriented enterprises and enterprises that purchase robots multiple times. Further study reveals that the service-oriented transformation caused by the application of industrial robots has significantly improved enterprise performance. In the future, the government needs to promote the popularization and application of industrial robots, so as to realize the deep integration between the manufacturing industry and the service industries, and empower Chinese manufacturing enterprises to climb high on the value chain. Reference | Related Articles | Metrics | Comments（0） Select The Transformation of Outsourcing Strategies in the United States and China’s Response Strategies LIU Ya-zhen, LIU Dan-lu Contemporary Finance & Economics    2024, 0 (7): 132-139.   Abstract （30）            Knowledge map    Save The current outsourcing strategy in the United States has been transformed into the following three forms:“onshoring”,“nearshoring”, and“friendshoring”. This means that the motivation for outsourcing has also undergone a significant change in the US, shifting from a focus on efficiency in the past to balancing safety and efficiency, and placing so-called safety first in competition with China. The confidence of the transformation of outsourcing strategy in the United States lies in its possession of the largest domestic unified market in the world. At present, the United States is using this absolute market advantage to attempt to comprehensively deconstruct the global value chain that China has already embedded over the past years. The fundamental long-term solution for China to crack the transformation of the United States outsourcing strategy lies in shaping a strong domestic unified market. In the short term, such specific measures can be taken: by optimizing the investment and business environment, making every effort to reduce transaction costs to attract and retain more foreign-invested enterprises; by encouraging Chinese enterprises to accelerate their “going out” and join forces to go global, with the United States, Mexico and Canada as the investment target area, strengthening the connection with the industrial chain led by United States; by adopting a higher level of openness to affect the allies of the United States and different interest groups within the United States, and reshaping a new pattern of China’s international economic cycle; etc. Reference | Related Articles | Metrics | Comments（0） Select How Does Digital Transformation Facilitate High-Level“Going Global”of Chinese Enterprises WEI Yun-yan, LIU Chun, SHI Bing-zhan, ZHANG Yi Contemporary Finance & Economics    2024, 0 (6): 111-123.   Abstract （96）            Knowledge map    Save With the development of a new round of scientific and technological revolution and industrial transformation, the deep integration between digital technologies and the real economy will become a new driving force for enterprises to“go global”at a high level. Based on the data of Chinese listed companies, this paper conducts an empirical examination of the impact of digital transformation on China’s corporate outward foreign direct investment and the underlying mechanisms. The results show that digital transformation has significantly increased the probability, frequency and scale of cross-border investment of enterprises, and this effect is mainly reflected in the green field investments. The mechanism tests show that digital transformation mainly provides important support for enterprises to“go global”by alleviating financing constraints, enhancing innovation capabilities, and improving social responsibility performance. The heterogeneity analysis reveals that the investment promotion effect of digital transformation is stronger in such enterprises as the non-state-owned enterprises, enterprises with export experience, and enterprises with higher human capital levels. At the same time, this promotion effect is also more significant in the heavily polluting industries, the high-tech industries, the industries relying more on external financing, and in the regions where the institutional environment is better. In addition, digital transformation helps enterprises overcome the liability of foreignness and invest in countries and regions with better institutions, which can ensures the high-standard“going global”of enterprises. Based on the above results, the government should provide a good regional institutional environment and talent introduction policy for enterprises’ digital transformation, and fully unleash the role of digital transformation in promoting high-level“going out”of enterprises. In addition, it is also necessary to consider the differences in the impact of digital transformation on different enterprises, so as to effectively achieve a high level of opening up to the outside world. Reference | Related Articles | Metrics | Comments（0） Select Opening up of the Services Industry and the Quality of Export Products of Manufacturing Enterprises LI Chao, CAI Lu-lu Contemporary Finance & Economics    2024, 0 (6): 124-138.   Abstract （69）            Knowledge map    Save The opening up of the service industry to the outside world has provided a new perspective from the non physical factor input for the issue of how Chinese manufacturing enterprises can transform from relying on the quantity of exported products to the quality. By introducing product quality into the consumer preferences and the production and export decisions of the manufacturing enterprises, this study constructs a local equilibrium model that includes consumers and both of the service and manufacturing enterprises to explain the impact of improving the level of service industry openness on the quality of exported products of manufacturing enterprises. Based on the policy texts, this paper constructs an impact index of service industry openness and conducts an empirical study of the relationship between the service industry openness and the quality of export products of the manufacturing enterprises. The findings show that service industry openness mainly improves product quality by reducing production costs and increasing productivity of the manufacturing enterprises. The improvement effect is related to the types of the service industry opening to the outside world, and is not related to the geographical characteristics, ownership attributes, and the degree of service factor dependence of the manufacturing industry. The theoretical and empirical evidences suggest that China should further eliminate foreign investment barriers in the service industry to expand its level of opening up to the outside world. In the process of opening up to the outside world, it is necessary to focus on guiding foreign investment and advanced production technologies to flow into productive service industries, but there is no need to overly focus on the geographical layout, production technology, and ownership differences of the manufacturing enterprises. Reference | Related Articles | Metrics | Comments（0） Select Digital-Intelligence Integration Empowerment and Green Transformation of Manufacturing Enterprises KUANG Chang-e, LIU Jiang-yue, LI Wen-yi Contemporary Finance & Economics    2024, 0 (5): 114-127.   Abstract （86）            Knowledge map    Save As a key path to promote the green transformation and upgrading of the manufacturing enterprises, digital-intelligence integration plays an important role in the development of digital China and a manufacturing power. Taking China's A-share manufacturing listed companies from 2007 to 2021 as the research object, this study comprehensively uses the text analysis method, the coupled coordination model, and the threshold effect model to empirically test the impact and mechanism of digital-intelligence integration on the green transformation of manufacturing enterprises. The results show that the integration of digital and intelligence has a significant enabling effect on the green transformation of manufacturing enterprises, and that this result still stands after a series of robustness tests. The integration of digital and intelligence empowers manufacturing enterprises with green transformation through green cognition and green innovation. The promotion effect of digital-intelligence integration on green transformation of enterprises is greater in the state-owned enterprises and the heavily polluting enterprises. The impact of digital-intelligence integration on the green transformation of enterprises presents a non-linear characteristic, with a threshold effect. Therefore, in order to fully leverage the empowering role of digital-intelligence integration in the green transformation of manufacturing enterprises, technologies such as artificial intelligence, Internet of Things, cloud computing, and big data should be used to improve enterprise management, strengthen corporate green awareness, promote corporate green innovation, and build a new model of digital-intelligence integration empowering green transformation. It is also required to leverage the demonstration effect of state-owned enterprises, continue to deeply implement the digital economy development strategy, actively promote the achievement of the“dual carbon”strategy goals, and promote the green transformation of enterprises with“digitalization and intelligence”as the core. Reference | Related Articles | Metrics | Comments（0） Select A Study of the Impact of Industrial Robot Application on the Markup Rate of Export Enterprises FAN Dong-mei, LI Ying Contemporary Finance & Economics    2024, 0 (5): 128-141.   Abstract （71）            Knowledge map    Save In the current wave of the fourth industrial revolution, how to use new technologies to break the “low markup rate trap”faced by traditional manufacturing exports is an important issue to be solved to promote the high-quality development of China's trade. By integrating the matching data from the China Industrial Enterprise Database, the China Customs Database and the World Industrial Robot Database from 2006 to 2013, this paper explores the impact of industrial robot application on the markup rate of export enterprises and the intrinsic mechanism. The findings show that the application of industrial robots has significantly increased the markup rate of manufacturing export enterprises, and this conclusion still holds after a series of robustness tests, such as adjusting for sample selectivity bias and dealing with endogeneity. Industrial robot application mainly enhances the markup rate of exporting enterprises by increasing the price of export products and reducing labor costs. The results of the heterogeneity analysis show that industrial robot application has promoted the markup rates of most manufacturing export enterprises, especially for those in areas with higher aging levels or those of capital-intensive industries, non-state-owned enterprises and export enterprises after the financial crisis, which have a greater increase in their markup rates. Therefore, in order to enhance the transformation and upgrading of China's manufacturing exports and promote the high-quality trade development, it is of great significance to actively promote the popularization and application of industrial robots, reduce the application cost of industrial robots, and formulate policies tailored to different industries and enterprises with different ownership according to local and current conditions. Reference | Related Articles | Metrics | Comments（0） Select Innovative City Construction and the Key Core Technology Innovation of Enterprises JIANG Zhong-yu Contemporary Finance & Economics    2024, 0 (4): 113-126.   Abstract （62）            Knowledge map    Save In the context that the global competition pattern is undergoing profound changes, how to promote enterprises to accelerate the progress of key core technology innovation is an important issue for government innovation governance. On the basis of theoretical analysis, this paper combines the enterprise patent information with the national strategic emerging industry planning to measure the key core technology innovation performance of enterprises. It also takes the national innovative city pilot policy as the quasi-natural experiment to empirically test the influencing effect and mechanism of the construction of innovative cities on the key core technology innovation of enterprises. The research results show that the construction of innovative cities has significantly promoted the improvement of enterprises’innovative performance of their key core technology, and with the further implementation of the pilot policy, the policy effect will be gradually improved. The mechanism test reveals that the construction of innovative cities can have a positive impact on the innovation of key core technologies of enterprises through the two paths of promoting the accumulation of urban knowledge capital and improving the innovation risk bearing ability of enterprises. The heterogeneity analysis shows that for the state-owned enterprises, the enterprises in the growth or decline stages, the enterprises located in lower class or economic center cities, and the enterprises located in cities with stronger basic research ability, the role of innovative city construction in enabling key core technology innovation is more obvious. Therefore, it is necessary to accelerate the construction of innovative cities according to local conditions, promote the renewal and iteration of urban innovation infrastructure and innovation factors, and establish a multi-party sharing mechanism for enterprise innovation risks. Reference | Related Articles | Metrics | Comments（0） Select External Uncertainty, Digital Empowerment and Enterprise GVC Embeddedness: Evidences from Enterprises in Countries along the “Belt and Road” GUO Ping, HU Jun, QIN Kai-qiang Contemporary Finance & Economics    2024, 0 (4): 127-140.   Abstract （82）            Knowledge map    Save The external uncertainty intensifies the contraction of the global value chain, which has become an important issue for the construction of the regional value chain of the “Belt and Road”. Deepening the digital empowerment will help enterprises cope with the impact of uncertainty shock and stabilize their integration into the global value chain. Using the World Bank enterprise survey data and global uncertainty index from 2008 to 2019, this paper studies the impact of external uncertainty on the global value chain embeddedness of enterprises in countries along the “Belt and Road” and the moderating effect of digital empowerment. The findings show that the external uncertainty significantly inhibits the embedding decision and embedding level of enterprises in the global value chain of countries along the “Belt and Road”, and that the external uncertainty mainly suppresses the global value chain embedding of enterprises by increasing supply chain risks, reducing production efficiency, and hindering technological innovation. The heterogeneity analysis shows that external uncertainty has a greater impact on the embedding of global value chains in small-scale enterprises, higher contract-intensive industries, and countries with lower levels of institutional environment. Digital empowerment at the enterprise and national levels will effectively alleviate the inhibition of external uncertainty on the embedding of enterprises in the global value chain of countries along the “Belt and Road”. Based on the above research conclusions, the government urgently needs to stabilize the external risk expectations of enterprises, improve the supply chain risk response mechanism, enhance the ability of enterprises to participate in the global value chain division of labor, promote the resilience of enterprises in the global value chain through digital empowerment, and accelerate the construction of digital infrastructure and innovation of digital trade systems. Reference | Related Articles | Metrics | Comments（0） Select Manufacturing Digitalization and Inter-Provincial Industrial Linkage ZHAO Xiao-fei Contemporary Finance & Economics    2024, 0 (3): 111-123.   Abstract （73）            Knowledge map    Save Under the background of anti-globalization, to promote the in-depth development of domestic production division based on the domestic market is an inevitable choice for China’s economy to overcome difficulties and achieve high-quality development. On the basis ofthe data of China multi-regional input-output table, this paper studies the inter-provincial industrial linkage from the perspective of manufacturing digitalization. The research finds that: firstly, manufacturing digitalization has significantly improved the inter-provincial industrial linkage, and a series of robustness tests have proven that this conclusion is robust and effective; secondly, manufacturing digitalization promotes inter-provincial industrial linkage mainly through the two paths of reducing the cost of inter-provincial intermediate trade and increasing the complexity of inter-provincial transfer technology; thirdly, from the perspective of intensive margin and extensive margin, manufacturing digitalization not only strengthens the intensive margin of inter-provincial industrial linkage, but also expands the extensive margin of inter-provincial industrial linkage, especially for the transregional extensive margin; from the perspective of regional strategy, manufacturing digitalization in the eastern regiondoes not have a significant industrial linkage effect on the central and western regions, but manufacturing digitalization in the central and western regions can promote their industrial linkage to the eastern region. According to the research conclusion, it is necessary to fully consider the inherent logic of industrial linkage in various regions, reasonably carry out the digital layout of the manufacturing industry, strengthen the construction of digital infrastructure in the central and western regions, and build an open, inclusive and high-quality digital system of the manufacturing industry, so as to drive the coordinated development of various industries and regionsand promote the benign operation of domestic circulation. Reference | Related Articles | Metrics | Comments（0） Select Opening up of Producer Services and Green Development of Manufacturing Enterprises ZHAO Chun-ming, LIU Shan-shan, LI Zhen Contemporary Finance & Economics    2024, 0 (3): 124-138.   Abstract （85）            Knowledge map    Save Promoting high-level opening up and green development is an important goal of China’s high-quality economic development. Based on the matching data of the China Industrial Enterprise Database and the Pollution Emission Database, this paper theoretically analyzes and empirically examines the relationship between the openness of the producer service industry and the green development of enterprises. The findings show that the opening up of the producer service industry will significantly reduce the pollution emission intensity of enterprisesand promote the green development of enterprises. The analysis of the influencing mechanism shows that improving the end governance capacity and management efficiency of enterprises are two important ways for the opening up of producer services to promote the green development of enterprises. The heterogeneity analysis shows that the effect of opening up the producer service industry on reducing corporate pollution emissions is more prominent in the industries with higher pollution intensity, and a stronger effect can be seen on improving the environmental performance of the enterprises with higher financing constraints and higher energy consumption. In addition, the opening up of the producer service industry has a greater impact on the emission reduction effect in areas with a higher level of co-aggregation of the manufacturing and service industries. Further research reveals that the opening up of the producer service industry is not only conducive to the dynamic replacement of the entry of low-pollution emission intensity enterprises and the exit of high-pollution emission intensity enterprises in the industry, it will also help realize green technology innovation, green product innovation, energy utilization efficiency improvement and energy input structure optimization of manufacturing enterprises. In the future, the government needs to rationally formulate and implement step-by-step opening policies for the service industry, optimize the spatial layout of regional service and manufacturing industries, guide the embedded integration of producer services industry and manufacturing industry, and empower the green production and green innovation development of the manufacturing industry. Reference | Related Articles | Metrics | Comments（0） Select Domestic Value Chain and Enterprise Technological Innovation SHI Ben-ye, YANG Fu-jia, WANG Xiao-juan Contemporary Finance & Economics    2024, 0 (1): 112-125.   Abstract （61）            Knowledge map    Save Promoting innovation based on the domestic cycle is the key for China to achieve high-quality economic development, which is important for achieving Chinese modernization. This paper explores the driving force of enterprise technological innovation from the perspective of the domestic value chain. By making use of the data of A-share listed enterprises in Shanghai and Shenzhen stock exchanges and the inter-regional input-output tables of China in 2012, 2015 and 2017, it empirically analyzes the influencing mechanism of participating in the national value chain on enterprise technological innovation and the moderating effect of digital finance on the innovation driving effect of participating in the national value chain. The findings show that participating in the upstream and downstream of the domestic value chain can generate a significant innovation driving effect, which can promote enterprise technological innovation; and the results are still robust after a series of endogenous tests and robustness tests. The heterogeneity analysis reveals that the promotion effect of participating in the domestic value chain on enterprise technological innovation is more obvious in the non-state-owned enterprises, in the central and western regions, and in the high-tech industries. The mechanism test shows that the increase in national value chain participation can ease financial constraints effectively and optimize the allocation of resources among regions, industries and within the industries, thereby stimulating the innovation vitality of enterprises. In addition, the development of digital finance can amplify the innovation driving effect generated by participating in the national value chain. Therefore, it is necessary to perfect the domestic circulation system, optimize the financial service system and the allocation of resources, and promote the in-depth digital finance development, so as to achieve the innovation development of enterprises. Reference | Related Articles | Metrics | Comments（0） Select Corporate Innovation Effects of the Digital Service Trade Network SONG Yue-gang, HAO Xia-zhen Contemporary Finance & Economics    2024, 0 (1): 126-139.   Abstract （70）            Knowledge map    Save Chinese enterprises are faced with the realistic dilemma of the coexistence between the rapid development of digital service trade and the“one high and two low”innovation level. Using the digital service trade network to break through the dilemma of enterprise innovation and development is an important strategic support for the transformation of China’s economic development mode in the new development stage. By including multiple heterogeneity in the theoretical framework and using social network analysis method, this paper measures the centrality, connection strength and structural hole index of Chinese enterprises in the digital service trade network; then it empirically tests the impact of the embeddedness of digital service trade network on the innovation level of Chinese enterprises. The findings show that digital service trade network embedding has a significant promoting effect on the innovation level of enterprises, but its promoting effect is significantly different due to the existence of the heterogeneity of enterprises. The embedding of digital service trade network acts on enterprise innovation through“trade scale effect”, “cost saving effect”and“technology absorption capacity effect”. The results of enterprise survival analysis show that digital service trade network embedding can help reduce the innovation termination risk rate of enterprises. Based on the above conclusions, it is proposed to actively promote the integration of enterprises into the global digital service trade network, rationally arrange the position of enterprises in the network, and turn from “passive embedding”to“active utilization”, so as to promote the high-quality development of innovation. Reference | Related Articles | Metrics | Comments（0）