干旱区生态环境知识资源中心(Arid): The impact of servitization on manufacturing firms' market power: empirical evidence from China

Arid

DOI	10.1108/JBIM-06-2021-0279
	The impact of servitization on manufacturing firms' market power: empirical evidence from China
	Zhang, Junnan; Sun, Xiaohua; Dong, Yan; Fu, Lin; Zhang, Yaowei
通讯作者	Sun, XH
来源期刊	JOURNAL OF BUSINESS & INDUSTRIAL MARKETING
ISSN	0885-8624
EISSN	2052-1189
出版年	2023
卷号	38 期号:3 页码:609-621
英文摘要	Purpose Servitization has been used widely by manufacturing firms to secure strategic positions in industrial transformation. However, its impact on firms' market power remains to be investigated, especially in developing countries. This study aims to investigate servitization's impact on firms' market power, along with the moderating roles of research and development (R&D) intensity and firm size. Design/methodology/approach Using the two-stage least squares with instrumental variables (2SLS-IV) method, the authors conduct an empirical analysis of servitization in China based on panel data for 1,797 publicly traded manufacturing firms during the period 2012-2018. Findings The findings show that servitization helps increase a firm's market power. Furthermore, heterogeneity analysis suggests that embedded servitization increases a firm's market power, whereas hybrid servitization reduces it. The findings also indicate that this effect varies depending on critical firm conditions. Servitization's effect on firms' market power increases with R&D intensity but decreases with manufacturer expansion. Research limitations/implications This study describes the positive effects of servitization on firms' market power in response to calls for research that will adopt a comprehensive business performance perspective on the servitization field. Practical implications The findings provide guidance for what type of servitization manufacturing firms should choose and how it fits with their size and R&D capabilities. Originality/value This pioneering empirical study uses a large longitudinal data set and the 2SLS-IV method to examine the effects of embedded servitization and hybrid servitization on firms' market power. The findings provide a new perspective on ongoing discussions of desertification and the service paradox.
英文关键词	Servitization Firm size Market power R&D intensity
类型	Article
语种	英语
收录类别	SSCI
WOS记录号	WOS:000784797600001
WOS关键词	RESEARCH-AND-DEVELOPMENT ; SERVICE BUSINESS DEVELOPMENT ; MODEL INNOVATION ; PRODUCT ; PERFORMANCE ; STRATEGIES ; TRANSITION ; ORIENTATION ; GROWTH ; PROFIT
WOS类目	Business
WOS研究方向	Business & Economics
资源类型	期刊论文
条目标识符	http://119.78.100.177/qdio/handle/2XILL650/397205
推荐引用方式 GB/T 7714	Zhang, Junnan,Sun, Xiaohua,Dong, Yan,et al. The impact of servitization on manufacturing firms' market power: empirical evidence from China[J],2023,38(3):609-621.
APA	Zhang, Junnan,Sun, Xiaohua,Dong, Yan,Fu, Lin,&Zhang, Yaowei.(2023).The impact of servitization on manufacturing firms' market power: empirical evidence from China.JOURNAL OF BUSINESS & INDUSTRIAL MARKETING,38(3),609-621.
MLA	Zhang, Junnan,et al."The impact of servitization on manufacturing firms' market power: empirical evidence from China".JOURNAL OF BUSINESS & INDUSTRIAL MARKETING 38.3(2023):609-621.