This paper examines the relation between firm investment ratios and institutional blockholder ownership for a sample of 6,300 publicly traded firms of 16 large emerging markets for the 2005-2014 period. Results show that independent, long-term, and local institutional investors boost investment...

In this paper I use a broad multi-country dataset to analyze divergent experiences in export orientation over time. First, I use transition probability matrices for comparing how countries move across the world distribution for different time periods. I find that transitions toward high export...

China's exports have skyrocketed in the last 15 years. We use highly-disaggregated import data from Chile between 1990 and 2005 to decompose the causes of such export performance. We find that China's high export growth is mainly explained by an increase in the quality of its varieties relative...

Recent theoretical models have shown that when demand is slack, firms tend to introduce new management practices and/or reorganize their production methods; however, few micro econometric studies deal directly with the relationship between organizational change and economic crises. In this...

Several studies have found that plant turnover contributes to productivity growth. This evidence is consistent with the idea that, by reducing the protection granted to inefficient firms, trade liberalization generates the productivity gains associated with resource reallocation from less...

This paper examines the link between multinational enterprises and plant exit in Chile. We investigate three main questions: are affiliates of foreign multinationals more likely to exit than domestic firms? Does the exit probability of multinationals depend on its export orientation?, and Does...

This paper investigates whether exporting generates positive productivity spillover effects on other plants operating in the same industry and whether exporting affects productivity of plants in vertically related industries. Using plant-level data from Chile we find that exporters improve...

In this paper, we study empirically the relationship between export orientation and firm productivity in Chilean manufacturing industry. Similar to findings for other countries and consistent with recent theoretical models, our results show that exporters

This paper explores the additional difficulties that smaller exporters could have faced during the recent financial crisis, specifically regarding their access to the exchange rate derivatives market. Using data of international trade and derivatives transactions between commercial banks and...

This paper investigates three main questions: are affiliates of foreign multinationals more likely to exit than domestic firms? Does the exit probability of multinationals depend on its export orientation?, and Does the presence of multinationals affect the survival of other firms in the...