【按语】我院以绿色为底绘就绿色发展，践行“绿水青山就是金山银山”发展理念，奋力打造“两山”理论的理论研究桥头堡，产生了一批高水平且具有社会影响力的研究成果。学院官网建立“成果推介”栏目，以展示我院师生的优秀成果，传播我院师生在生态文明建设和绿色可持续发展等方面的学术观点，为“筑牢生态屏障、推动绿色发展”提供有益借鉴。

作者：X Ma, B Shi, H Lu, A Raza

题名：Domestic value chain, digital finance and the quality of firm’s export products

期刊：Research in International Business and Finance（SSCI、JCR-Q1，影响因子6.3，学院标志性期刊）

摘要：Chinese firms have strategically positioned themselves within the global value chain by leveraging low-cost labor to achieve substantial growth in exports and economic development. This study presents a theoretical model that offers valuable insights into how embedding in do mestic value chains influences the quality of firms’ export products. Based on this framework, the paper empirically examines the impact of domestic value chain embedding on export product quality at the micro-firm level. The findings indicate that domestic value chain embedding has a significant positive effect on export product quality. Further analysis reveals that this impact operates through mechanisms through increased efficiency in fixed asset investment and productivity. Heterogeneity tests show that the effects of domestic value chain embedding are more pronounced in eastern regions, labor-intensive industries, firms with fewer financial constraints, and firms with lower initial product quality. Moreover, the results highlight that global and domestic value chains are complementary rather than substitutive, in promoting export product quality. Finally, the study finds that digital finance positively moderates the relationship between domestic value chain embedding and export product quality.

作者简介：

马晓丽，东北林业大学经济管理学院副教授，硕士生导师。主要研究方向：绿色金融、国际经济问题、资源与生态经济。曾于Research in International Business and Finance、《国际经贸探索》、《东北亚论坛》、《武汉大学学报（哲学社会科学版）》、《学习与探索》、《价格理论与实践》等期刊发表论文10余篇。发表论文曾被《中国社会科学文摘》全文转载和《光明日报》摘编转载，于《经济科学》出版专著1项。撰写咨询报告曾被国务院港澳事务办公室和吉林省国安委签批录用。主持黑龙江省哲学社会科学研究规划项目和中央高校基本科研业务专项基金共2项。