Showing 1 - 10 of 264
Using a panel of 1122 UK firms listed on the London Stock Exchange over the period of 1981 to 2009, endogenous switching regression models (SRM) incorporating a predicted corporate efficiency index are estimated in this paper in an effort to clarify the role of cash flow in examining the impact...
Persistent link: https://www.econbiz.de/10010379263
Korean government has invested significant amount of resources through credit guarantee funds to promote SMEs survival, performance and R&D investment. This study attempts to identify determinants of provision of credit guarantees and estimate their effects on firms R&D expenditures. The...
Persistent link: https://www.econbiz.de/10010229522
In "new" new international trade theory, whether firms export or not are determined by their productivity. These models … an alternative way to model whether firms export or not, namely as a firm-level decision akin to an investment decision … with a real option value. We show that endogenizing the export decision is consistent with patterns of productivity and …
Persistent link: https://www.econbiz.de/10009730710
are also reflected in export performances and sales of innovative products. Our results go partially against other …
Persistent link: https://www.econbiz.de/10012517678
The lack of information is a relevant obstacle to the export activity of small and medium enterprises. This paper … analyzes whether banks can support firms' export by reducing informational asymmetries about foreign markets. We exploit a … exogenous to firms' export decisions by relying on preexisting lending relationships and exploiting the acquisition of a firm …
Persistent link: https://www.econbiz.de/10013332105
This paper examines how firms in an emerging economy are affected by violence due to drug trafficking. Employing rich longitudinal plant-level data covering all of Mexico from 2005–2010, and using an instrumental variable strategy that exploits plausibly exogenous spatiotemporal variation in...
Persistent link: https://www.econbiz.de/10013170284
In this paper, we use a novel firm level dataset for Germany to investigate the effect of sanctions on export behaviour … dependent on Russia as an export market and those directly affected by the sanctions. …
Persistent link: https://www.econbiz.de/10014279934
In this paper, we focus on managerial characteristics of micro and small-sized firms. Using linked employer-employee data on the Portuguese economy for the 2010-2018 period, we estimate the impact of management teams' human capital on the probability of firms becoming financially distressed and...
Persistent link: https://www.econbiz.de/10012294788
This study reports results from an empirical investigation of business services sector firms that (start to) export … and productivity hold in the years before the export start, which indicates self-selection into exporting of more … relationship between profitability and starting to export is found. …
Persistent link: https://www.econbiz.de/10008989751
the micro-structure of the recent export collapse in manufacturing industries in Germany during the crisis of 2008 …/2009. Almost all of the decline in exports was due to negative changes of exports in firms that continue to export (i.e. at the so …-called intensive margin) while the decrease of exports due to export stoppers (at the so-called extensive margin) was tiny. It is shown …
Persistent link: https://www.econbiz.de/10009533357