Using value-added trade data, inter-country input-output tables and China's industrial economic data, this paper systematically studies the impact of servitization of manufacturing on the upgrading of power status in the global value network. The measurement results show that the servitization...

In the context of the great changes of the global value network pattern, the servitization of manufacturing has become an important strategy for the transformation and upgrading of multinational enterprises. China's manufacturing industry has been in the core area of the global value network,...

This paper examines the stock market response to the establishment of M&A funds by Chinese listed firms and the investments made by M&A funds. Our results show that the establishment of M&A funds by listed firms in general do not create value. Even after these M&A funds make investments, there...