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This paper explores the impact of financial constraints on the internationalization strategies of firms. It contributes to the literature by focusing on three aspects: First, the paper studies the impact of financial constraints on exporting relative to FDI. Consistent with theory, the empirical...
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access to external finance on firms’ choices to export or to engage in FDI. We simultaneously model a firm’s decision to …
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have better export performance than private domestic firms, and that this advantage is systematically greater in sectors at … higher levels of financial vulnerability measured in a variety of ways. These patterns are manifest in firms' export sales …, export product scope and number of export destinations. They are also more pronounced when firms face higher trade costs …
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ventures have better export performance than private domestic firms in financially more vulnerable sectors. These results are …
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have better export performance than private domestic firms, and that this advantage is systematically greater in sectors at … higher levels of financial vulnerability measured in a variety of ways. These patterns are manifest in firms' export sales …, export product scope and number of export destinations. They are also more pronounced when firms face higher trade costs …
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