{"id":"https://openalex.org/W4399609160","doi":"https://doi.org/10.1155/2024/5530604","title":"Global Value Chain and the Changing Roles of Country and Industry Effects in International Portfolio Diversification","display_name":"Global Value Chain and the Changing Roles of Country and Industry Effects in International Portfolio Diversification","publication_year":2024,"publication_date":"2024-01-01","ids":{"openalex":"https://openalex.org/W4399609160","doi":"https://doi.org/10.1155/2024/5530604"},"language":"en","primary_location":{"id":"doi:10.1155/2024/5530604","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2024/5530604","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1155/2024/5530604","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1155/2024/5530604","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5034643355","display_name":"Song Chen","orcid":"https://orcid.org/0000-0003-2521-717X"},"institutions":[{"id":"https://openalex.org/I82760581","display_name":"Taizhou University","ror":"https://ror.org/04fzhyx73","country_code":"CN","type":"education","lineage":["https://openalex.org/I82760581"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Song Chen","raw_affiliation_strings":["Micro-Finance College, Taizhou University, Taizhou,  China tzc.edu.cn"],"affiliations":[{"raw_affiliation_string":"Micro-Finance College, Taizhou University, Taizhou,  China tzc.edu.cn","institution_ids":["https://openalex.org/I82760581"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5109732335","display_name":"Rui Yang","orcid":"https://orcid.org/0009-0004-6974-2341"},"institutions":[{"id":"https://openalex.org/I87445476","display_name":"Xi'an Jiaotong University","ror":"https://ror.org/017zhmm22","country_code":"CN","type":"education","lineage":["https://openalex.org/I87445476"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Rui Yang","raw_affiliation_strings":["School of Economics and Finance, Xi\u2019an Jiaotong University, Xi\u2019an,  China xjtu.edu.cn"],"affiliations":[{"raw_affiliation_string":"School of Economics and Finance, Xi\u2019an Jiaotong University, Xi\u2019an,  China xjtu.edu.cn","institution_ids":["https://openalex.org/I87445476"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5087861590","display_name":"Xiaohui Hou","orcid":null},"institutions":[{"id":"https://openalex.org/I87445476","display_name":"Xi'an Jiaotong University","ror":"https://ror.org/017zhmm22","country_code":"CN","type":"education","lineage":["https://openalex.org/I87445476"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Xiaohui Hou","raw_affiliation_strings":["School of Economics and Finance, Xi\u2019an Jiaotong University, Xi\u2019an,  China xjtu.edu.cn"],"affiliations":[{"raw_affiliation_string":"School of Economics and Finance, Xi\u2019an Jiaotong University, Xi\u2019an,  China xjtu.edu.cn","institution_ids":["https://openalex.org/I87445476"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5062552386","display_name":"Jingwen Zhao","orcid":null},"institutions":[{"id":"https://openalex.org/I87445476","display_name":"Xi'an Jiaotong University","ror":"https://ror.org/017zhmm22","country_code":"CN","type":"education","lineage":["https://openalex.org/I87445476"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jingwen Zhao","raw_affiliation_strings":["School of Economics and Finance, Xi\u2019an Jiaotong University, Xi\u2019an,  China xjtu.edu.cn"],"affiliations":[{"raw_affiliation_string":"School of Economics and Finance, Xi\u2019an Jiaotong University, Xi\u2019an,  China xjtu.edu.cn","institution_ids":["https://openalex.org/I87445476"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5087861590"],"corresponding_institution_ids":["https://openalex.org/I87445476"],"apc_list":{"value":2300,"currency":"USD","value_usd":2300},"apc_paid":{"value":2300,"currency":"USD","value_usd":2300},"fwci":0.5346,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.65983185,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":91,"max":95},"biblio":{"volume":"2024","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.9861000180244446,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9560999870300293,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/diversification","display_name":"Diversification (marketing strategy)","score":0.8457773923873901},{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.6553407311439514},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5949450135231018},{"id":"https://openalex.org/keywords/global-value-chain","display_name":"Global value chain","score":0.5270483493804932},{"id":"https://openalex.org/keywords/value","display_name":"Value (mathematics)","score":0.48441675305366516},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.38040846586227417},{"id":"https://openalex.org/keywords/international-trade","display_name":"International trade","score":0.3651135265827179},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.322986900806427},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.30913370847702026},{"id":"https://openalex.org/keywords/marketing","display_name":"Marketing","score":0.17692133784294128},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.09628099203109741},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.09065863490104675},{"id":"https://openalex.org/keywords/comparative-advantage","display_name":"Comparative advantage","score":0.07488855719566345},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.0646485984325409}],"concepts":[{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.8457773923873901},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.6553407311439514},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5949450135231018},{"id":"https://openalex.org/C2778764706","wikidata":"https://www.wikidata.org/wiki/Q17154120","display_name":"Global value chain","level":3,"score":0.5270483493804932},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.48441675305366516},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.38040846586227417},{"id":"https://openalex.org/C155202549","wikidata":"https://www.wikidata.org/wiki/Q178803","display_name":"International trade","level":1,"score":0.3651135265827179},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.322986900806427},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.30913370847702026},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.17692133784294128},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.09628099203109741},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.09065863490104675},{"id":"https://openalex.org/C76474335","wikidata":"https://www.wikidata.org/wiki/Q215551","display_name":"Comparative advantage","level":2,"score":0.07488855719566345},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0646485984325409}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1155/2024/5530604","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2024/5530604","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1155/2024/5530604","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:hin:complx:5530604","is_oa":false,"landing_page_url":"http://downloads.hindawi.com/journals/complexity/2024/5530604.xml","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:d034aa1474af409b9b7a385e4feac02a","is_oa":true,"landing_page_url":"https://doaj.org/article/d034aa1474af409b9b7a385e4feac02a","pdf_url":null,"source":{"id":"https://openalex.org/S112646816","display_name":"SHILAP Revista de lepidopterolog\u00eda","issn_l":"0300-5267","issn":["0300-5267","2340-4078"],"is_oa":true,"is_in_doaj":true,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Complexity, Vol 2024 (2024)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2024/5530604","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2024/5530604","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1155/2024/5530604","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.4399999976158142,"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9"}],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4399609160.pdf","grobid_xml":"https://content.openalex.org/works/W4399609160.grobid-xml"},"referenced_works_count":40,"referenced_works":["https://openalex.org/W1488494970","https://openalex.org/W1496573113","https://openalex.org/W1701861857","https://openalex.org/W1741701281","https://openalex.org/W1979986072","https://openalex.org/W1989104954","https://openalex.org/W1996163751","https://openalex.org/W2005049549","https://openalex.org/W2026664348","https://openalex.org/W2036553478","https://openalex.org/W2043619250","https://openalex.org/W2061448930","https://openalex.org/W2089901068","https://openalex.org/W2093855066","https://openalex.org/W2121402344","https://openalex.org/W2126319794","https://openalex.org/W2132509469","https://openalex.org/W2156995582","https://openalex.org/W2160254976","https://openalex.org/W2166001406","https://openalex.org/W2170559453","https://openalex.org/W2174873375","https://openalex.org/W2176631293","https://openalex.org/W2177609048","https://openalex.org/W2178002390","https://openalex.org/W2413860907","https://openalex.org/W2979586175","https://openalex.org/W2994792134","https://openalex.org/W3022278191","https://openalex.org/W3101283181","https://openalex.org/W3123481441","https://openalex.org/W3123782155","https://openalex.org/W3124300870","https://openalex.org/W3125916168","https://openalex.org/W3125993205","https://openalex.org/W3169161674","https://openalex.org/W3180329547","https://openalex.org/W4253387351","https://openalex.org/W4256077321","https://openalex.org/W4321503482"],"related_works":["https://openalex.org/W4389391504","https://openalex.org/W4301410663","https://openalex.org/W4312472185","https://openalex.org/W2382761395","https://openalex.org/W2358904772","https://openalex.org/W2897048536","https://openalex.org/W2480512091","https://openalex.org/W2741848782","https://openalex.org/W4244584629","https://openalex.org/W2479414348"],"abstract_inverted_index":{"We":[0],"find":[1],"that":[2],"in":[3,34],"the":[4,26,35,38,52,56,64,74,81],"upstream":[5,57,67,88],"status":[6,58,68,89],"of":[7,25,40,55,59,66,84],"global":[8,27,85],"value":[9,28,36,60,86],"chain,":[10,37],"country":[11,22,45],"effects":[12,20,23,42,46],"are":[13],"relatively":[14],"stronger":[15],"than":[16],"industry":[17,19,41],"effects;":[18],"dominate":[21],"downstream":[24,33],"chain.":[29],"During":[30],"financial":[31],"crisis,":[32],"influence":[39],"waned":[43],"and":[44],"rose.":[47],"Moreover,":[48],"for":[49,70],"developed":[50],"countries,":[51],"negative":[53,82],"impact":[54,65,83],"chain":[61,87],"weakened":[62],"considerably;":[63],"strengthened":[69],"emerging":[71],"markets":[72],"after":[73],"subprime":[75],"mortgage":[76],"crisis.":[77],"For":[78],"tradable":[79],"industries,":[80],"on":[90],"pure":[91],"industry\u2010specific":[92],"returns":[93],"strengthens":[94],"significantly.":[95]},"counts_by_year":[{"year":2025,"cited_by_count":1}],"updated_date":"2026-04-04T16:13:02.066488","created_date":"2025-10-10T00:00:00"}