In this study, we examine the participation of small and medium-sized enterprises (SMEs) in global value chains (GVCs) and highlight the role of financial constraints in shaping their participation in GVCs. We use a rich unbalanced panel of 888 SMEs for Indian manufacturing over the period...

This study examines the role of financing constraints in explaining outward FDI decisions using unique firm level panel data on Indian manufacturing during the period 2007-2014. We consider the role of both internal finance and external finance in firm decisions on outward FDI and employ...

The coronavirus epidemic has severely affected the small and medium enterprises (SMEs), which are more financially constrained compared with large companies. Waking up to this challenge, various countries employed short-run and long-run policies to support SMEs. Using rich firm-level data from...