This study presents the first empirical test with German establishment level data of a hypothesis derived by Helpman et al. (2004) in a model that explains the decision of heterogeneous firms to serve foreign markets either through exports of foreign direct investment: only the more productive...

This is the first study of the link between internationalization and firm survival during the 2008/2009 crisis in Germany, a country which was hit relatively lightly compared to other countries. Moreover, it is the first study which looks at the role of importing, exporting and FDI...