Showing 1 - 10 of 8,478
intensity, firms starting to export decision, and exports persistence. Our financial constraints variable is a synthetic …
Persistent link: https://www.econbiz.de/10013327709
This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly been estimated on cross-sectional data. It considers four nonlinear dynamic simultaneous equations models that include individual effects and idiosyncratic errors correlated...
Persistent link: https://www.econbiz.de/10010317010
The paper examines the causal effect of financial constraints on firm exports. We exploit a firm-level proxy of … strategy allows to cure for self-selection into exports and endogeneity of financial constraints. At the same time, we can … exports of within firm changes in financial constraints status. We find that financial constraints produce a sizable reduction …
Persistent link: https://www.econbiz.de/10011335922
In Germany, for the reporting year 2009 transaction-level data on exports and imports of goods have been aggregated at …
Persistent link: https://www.econbiz.de/10010294477
We analyze financial constraints for R&D, where we account for heterogeneity among investments which has been neglected in previous literature. According to economic theory, investments should be distinguished by their degree of uncertainty, e.g. routine R&D versus cutting-edge R&D. Financial...
Persistent link: https://www.econbiz.de/10010297990
In recent years, manufacturing firms in the United States have faced increasing import competition from low-wage countries, especially China. Does this competition hurt or help innovation by firms? This paper studies the effect of the surge in imports from China on innovation in the US...
Persistent link: https://www.econbiz.de/10011698736
Recent theoretical and empirical contributions stress the importance of financial development for international trade. This paper investigates whether financial constraints matter for foreign market entry at the firm level using dynamic panel data techniques. The empirical framework is applied...
Persistent link: https://www.econbiz.de/10010264722
This paper summarizes recent advances in the empirical research on firms' learning from trade participation and the role of finance in both starting to trade, surviving in export markets as well as expanding along the intensive and extensive trade margins. It highlights the increased importance...
Persistent link: https://www.econbiz.de/10010313344
of exports to firm and market characteristics, and equality of distributions of margins of exports between new and … exports between new and incumbent exporters. …
Persistent link: https://www.econbiz.de/10010313349
Empirical evidence suggests that capital structure varies across firms facing different levels of information asymmetry, however, this evidence contradict the prediction of pecking order hypothesis. Although debt capacity constraints offer some explanation for this discrepancy, it fails to...
Persistent link: https://www.econbiz.de/10011770452