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This study uses newly available enterprise level data for firms from manufacturing industries in Germany to test for …, and exports. In line with hypotheses from theoretical model we find a positive link between a better credit rating score … of a firm and both the probability that the firm is an exporter and a higher share of exports in total sales. This link …
Persistent link: https://www.econbiz.de/10010581417
Business managers are well aware of the fact that credit constraints can hamper or even prevent exporting. Economists only recently started to incorporate these arguments in theoretical models of heterogeneous firms and to test the implications of these models econometrically with firm-level...
Persistent link: https://www.econbiz.de/10010858057
Business managers are well aware of the fact that credit constraints can hamper or even prevent exporting. Economists only recently started to incorporate these arguments in theoretical models of heterogeneous firms and to test the implications of these models econometrically with firm-level...
Persistent link: https://www.econbiz.de/10010739959
trade are related to credit constraints show a significant difference between the two. In the case of exports, it is the … extensive margin of exports in terms of destinations that is significantly associated with credit constraints whereas for …
Persistent link: https://www.econbiz.de/10010579174
Existing studies associates financial constraints among innovators to small, young and high-tech firms. High adjustment cost implies that firms save money by smoothing innovation spending across the business cycle if they have available resources. This paper examines whether previous findings on...
Persistent link: https://www.econbiz.de/10011099542
are related to credit constraints in one important dimension. In the case of exports, it is the intensive and extensive … margins of exports in terms of both product and destinations that are significantly associated with credit constraints whereas …
Persistent link: https://www.econbiz.de/10011191010
constraints and the extensive margins of exports in Germany, one of the leading actors on the international market for goods. In …
Persistent link: https://www.econbiz.de/10011193662
constraints and the extensive margins of exports in Germany, one of the leading actors on the international market for goods. In …
Persistent link: https://www.econbiz.de/10011200202
constraints and the extensive margins of exports in Germany, one of the leading actors on the international market for goods. In …
Persistent link: https://www.econbiz.de/10011203165
imports in Germany for the first time. We find empirical evidence that a better credit rating score is positively related to …
Persistent link: https://www.econbiz.de/10010902023