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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 Strategic Capture, Loss of Capability and OEM Enterprises’ Low-End Locking: Based on the Moderating Effect of Network Relationship Capacity HU Da-li, YIN Xiao-wen, HU Jing-bo Contemporary Finance & Economics    2020, 0 (1): 89-100.   Abstract （482）            Knowledge map    Save China’s manufacturing industry is embedded into the Global Value Chain production system dominated by multinational corporations in the form of Original Equipment Manufacturer (OEM). This model has greatly promoted the rapid development of China’s economy, but also makes China’s economy trap in the dilemma of“impoverished growth”. Therefore, it is imperative for the OEM enterprises to transform and upgrade in order to survive and develop continuously in the future. However, as the OEM enterprises try to upgrade to the high-end of Value Chain, they will inevitably be captured by various strategies of multinational corporations, which can force OEM enterprises to stay at the low-end of Global Value Chain for a long time, and ultimately the“low end locking”will be formed. Based on the capture theory, this paper constructs a moderated mediation model, in order to reveal how the strategic capture of multinational corporations leads OEM enterprises into the “low-end locking”. The research result shows that there is a positive correlation between strategic capture and the“low-end locking”of OEM enterprises. The loss of independent innovation capability of OEM enterprises acts as partial mediators between strategic capture and the“low-end locking”of OEM enterprises. The network relationship capability of OEM enterprises has the negative moderating effect on the strategic capture and the loss of independent innovation capability of OEM enterprises. Further, the network relationship capability can also adjust the mediating effect of the loss of independent innovation ability on the strategic capture and the“low-end locking”of OEM enterprises. Reference | Related Articles | Metrics | Comments（0） Select Research on Organizational Stigma and Choice of Entry Modes of Chinese Enterprises in Overseas Markets: An Empirical Analysis Based on Listed Companies ZHANG Ning-ning, DU Xiao-jun Contemporary Finance & Economics    2020, 0 (1): 77-88.   Abstract （375）            Knowledge map    Save From the perspective of organizational stigma and based on the organizational legitimacy theory and the resource-based view, this paper adopts the event that Chinese enterprises first carried out outward foreign direct investment during the period of 2006-2015 as the research samples and employs the Logit regression analytical method to explore the influence of organizational stigma on the choice of entry modes of Chinese enterprises in overseas markets. It also analyzes the adjustment effect of home country area system environment and the enterprise ownership nature in that influence. The results show that organizational stigma has a significant negative impact on Chinese enterprises to choose the sole proprietorship mode to enter the overseas markets, namely, the existence of organizational stigma makes Chinese enterprises more inclined to choose joint venture mode to enter the host country market; while the home regional institutional environment strengthens the negative correlation between the two, and the nature of ownership has a weakening effect on the above-mentioned negative effect. Reference | Related Articles | Metrics | Comments（0）