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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
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
We examine the relationship between firms' performance and credit constraints affecting export market entry. The existing research assumes that variation in firms' financial conditions identifies credit constraints. A critical assumption is that financial conditions do not affect real outcomes...
Persistent link: https://www.econbiz.de/10014544511
, exports may be lower than their efficient levels. For this reason,many countries support exporters by underwriting export … increase exports, and whether they remedy the exportrestrictingeffect of credit market imperfections both on the sectoral and … on the exportmarket levels. Exploiting the sectoral structure of a rich three-ways panel data set ofGerman exports, we …
Persistent link: https://www.econbiz.de/10010312171
's probability to enter the export market. After controlling for potential endogeneity of the innovation activities, only firms with …
Persistent link: https://www.econbiz.de/10010313361
This paper provides a comprehensive analysis of the role that financial constraints play in shaping firms' export activities. We use custom information on cross borders transactions for Italian firms, together with an informative measure of financing constraints based on an official credit...
Persistent link: https://www.econbiz.de/10010328473
We analyze the link between firms' access to finance and their decisions to enter and exit the export market. We employ the Business Environment and Enterprise Performance Survey (BEEPS) conducted in 2005 and 2008-2009 to 28 countries in Eastern Europe and Central Asia. We find that more...
Persistent link: https://www.econbiz.de/10010270061
mitigate the agency cost generated by exogeneous exports variation via higher free cash flow and cash flow volatility …
Persistent link: https://www.econbiz.de/10014282634
This paper focuses on self-selection into trade by exporting and importing firms, and on the presence of differential variable and sunk costs between exporters and importers across different categories of imports. In addition the authors consider the role of intensive and extensive margins with...
Persistent link: https://www.econbiz.de/10010491286
This study reports results from an empirical investigation of business services sector firms that (start to) export, comparing exporters to firms that serve the national market only. We estimate identically specified empirical models using comparable enterprise level data from France, Germany,...
Persistent link: https://www.econbiz.de/10010305935