›› 2020, Vol. 32 ›› Issue (3): 50-60.

• Economic and Financial Management • Previous Articles     Next Articles

Study on the Determinants of the Upgrading of Chinese Service Firms: Empirical Analysis Based on the Survey Data from World Bank in 2012

Xin Daleng   

  1. School of Economics, Shandong Normal University, Jinan 250014
  • Received:2017-07-07 Online:2020-03-28 Published:2020-04-08

Abstract:

By using 992 firm-level data released by the World Bank in 2012 and using the Probit model, Logit model and linear probability model, this paper empirically examines the factors affecting the upgrading of Chinese service firms. The results of this study show that:from the firm level, such factors as the productivity of service firms, operating time, scale of production, degree of corruption facing firms, use of self-owned website, firm's export density and foreign capital all have a significant positive impact on the upgrading of service firms. Furthermore, from the city level, such factors as regional economic development, regional capacity of attracting foreign direct investment and the degree of development of regional service industry all significantly promote the upgrading of service firms. Finally, after robustness check, the conclusions of this paper are still valid.

Key words: service industry, firm, upgrading, determinants