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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 estimates the exporter premium in bank lending. We examine credit relationships in Germany, covering all …
Persistent link: https://www.econbiz.de/10010230158
Persistent link: https://www.econbiz.de/10010469920
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/10014081259
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/10013403718
This study develops a model to demonstrate how bank concentration affects firm exports through credit allocation, highlighting the role of small banks in reallocating funds towards the more financially constrained small exporting firms. Using an exogenous shock to the entry of small banks and a...
Persistent link: https://www.econbiz.de/10013404912
Using firm-level destination country-specific export data and bank branch data from China, we find that foreign banks … can significantly promote firms’ export toward the destination country where the banks are originated from. Our findings … promote local firms’ export more in sectors in need of trust, promote ordinary export strongly but has almost zero impact on …
Persistent link: https://www.econbiz.de/10013211820
In this paper we use manufacturing data on Colombian exports and bank financing to estimate the credit elasticity of exports. The data allows us to construct a supply side instrumental variable for the credit of manufacturers that we use to address a possible reverse causality problem. We find...
Persistent link: https://www.econbiz.de/10011741767
Persistent link: https://www.econbiz.de/10011946002
Persistent link: https://www.econbiz.de/10010510873