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strategy allows to cure for self-selection into exports and endogeneity of financial constraints. At the same time, we can …The paper examines the causal effect of financial constraints on firm exports. We exploit a firm-level proxy of … exports of within firm changes in financial constraints status. We find that financial constraints produce a sizable reduction …
Persistent link: https://www.econbiz.de/10010403691
Combining detailed data on export transactions and an informative firm level measure of financing constraints, this paper provides new evidence on the extent and dynamics of product and geographical diversification of constrained exporters. Financial constraints associates with: (i) narrower...
Persistent link: https://www.econbiz.de/10011335921
endogeneity, constrained exporters charge higher prices than unconstrained firms exporting in the same product-destination market …
Persistent link: https://www.econbiz.de/10010735119
controlling for relevant firm characteristics and potential endogeneity of financial constraints, we find that constrained firms …
Persistent link: https://www.econbiz.de/10010678610
We investigate the effect of both research and consulting on higher education teaching quality at the individual level. We propose a theor etical model in which academics allocate limited time between three activities, over a two period horizon, under the assumption of positive spillovers from...
Persistent link: https://www.econbiz.de/10010406281
Combining detailed data on export transactions and an informative firm level measure of financing constraints, this paper provides new evidence on the extent and dynamics of product and geographical diversification of constrained exporters. Financial constraints associates with: (i) narrower...
Persistent link: https://www.econbiz.de/10010406285
Exporters pay high fixed costs to enter foreign markets, yet the majority will not export beyond one year. What happens to these exporters after they fail abroad? For these firms, exporting likely resulted in heavy profit losses. Despite this, the trade literature largely ignores export failure...
Persistent link: https://www.econbiz.de/10013295868
This paper provides firm-level evidence that credit constraints restrict international trade flows and affect the pattern of foreign direct investment. Using detailed data from China, we show that foreign-owned affiliates and joint ventures have better export performance than private domestic...
Persistent link: https://www.econbiz.de/10013134014
main result is robust to endogeneity considerations of the credit score. Overall, our findings suggest that, by impacting …
Persistent link: https://www.econbiz.de/10011299160
credit constraints by using a financial score built on eight variables. In order to assess the effects of exports on the …
Persistent link: https://www.econbiz.de/10010289387