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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Bibliographic Details
Main Authors: Song Chen, Rui Yang, Xiaohui Hou, Jingwen Zhao
Format: Article
Language:English
Published: Wiley 2024-01-01
Series:Complexity
Online Access:http://dx.doi.org/10.1155/2024/5530604
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