Research Article
Competitive Strategy of Firms’ Participation in the Global Value Chains and Labor Income Share
Table 4
The estimate of subsamples classified by target market and competitors.
| | Target market | Developed countries | Developing countries | | Competitors | Enterprises from developed countries | Enterprises from developing countries | Chinese enterprises | Enterprises from developed countries | Enterprises from developed countries | Chinese enterprises |
| | cs1 | 0.238 (0.0169) | 0.191 (0.0506) | 0.240 (0.0207) | 0.170 (0.0240) | 0.158 (0.0827) | 0.201 (0.0430) | | cs2 | −0.010 (0.0146) | −0.133 (0.0497) | −0.006 (0.0210) | −0.046 (0.0204) | −0.040 (0.0823) | −0.014 (0.0464) | | cs3 | 0.239 (0.0208) | 0.181 (0.0522) | 0.272 (0.0218) | 0.251 (0.0298) | 0.130 (0.0942) | 0.211 (0.0450) | | fc | 0.710 (0.0342) | 0.722 (0.0991) | 0.551 (0.0356) | 0.705 (0.0503) | 0.193 (0.1244) | 0.531 (0.0658) | | es | 0.062 (0.0269) | 0.021 (0.0698) | 0.216 (0.0274) | 0.120 (0.0427) | −0.007 (0.1496) | 0.116 (0.0492) | | Size | −0.229 (0.0120) | −0.216 (0.0384) | −0.256 (0.0144) | −0.261 (0.0168) | −0.119 (0.0582) | −0.274 (0.0238) | | Age | 0.014 (0.0014) | 0.023 (0.0044) | 0.018 (0.0018) | 0.008 (0.0018) | −0.005 (0.0052) | 0.005 (0.0026) | | Observations | 58562 | 12372 | 53880 | 33160 | 7235 | 20191 | | Year FE | Yes | Yes | Yes | Yes | Yes | Yes | | Firm FE | Yes | Yes | Yes | Yes | Yes | Yes | | R2 | 0.041 | 0.043 | 0.040 | 0.041 | 0.020 | 0.039 |
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