This paper looks at the behavior of large industrial firms in Poland in 1988-1994. Using a longitudinal enterprise level data set, we are able to systematically test various hypotheses concerning firms' reactions to the change in their environments. The results confirm a structural break after...

The paper examines the causal effect of financial constraints on firm exports. We exploit a firm-level proxy of constraints based on credit ratings and available for a large panel of Italian exporting and non exporting firms. Our estimation strategy allows to cure for self-selection into exports...