Екстернализация на дейности в глобалните вериги на стойността – ефекти върху рентабилността на компании без собствено производство
Externalization of activities in the global value chains: implications on profitability of factoryless goods producing firms

Author(s): Tsvetomir Tsanov
Subject(s): Economy, Supranational / Global Economy, Business Economy / Management
Published by: Нов български университет
Keywords: global value chains; externalization; factoryless goods producing firms
Summary/Abstract: Externalization of activities in the global value chains (GVCs) is a relatively new research issue in the domain of international business. This corresponds to the role of factoryless goods producing firms (FGPs) in GVCs. The aim of the present paper is to analyze how FGPs’ profitability is affected, facing challenges in line with cost optimization, given the recent economic turbulence. Based on the examples of lead firms in buyerdriven GVCs, a major finding is the FGPs’ gross margin is slightly affected by the COVID-19 pandemic, nor is a case of an upside change during the subsequent period of economic recovery.

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