Global Value Chain and the Changing Roles of Country and Industry Effects in International Portfolio Diversification
We find that in the upstream status of global value chain, country effects are relatively stronger than industry effects; industry effects dominate country effects downstream of the global value chain. During financial crisis, downstream in the value chain, the influence of industry effects waned an...
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Main Authors: | Song Chen, Rui Yang, Xiaohui Hou, Jingwen Zhao |
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Format: | Article |
Language: | English |
Published: |
Wiley
2024-01-01
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Series: | Complexity |
Online Access: | http://dx.doi.org/10.1155/2024/5530604 |
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