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strategy allows to cure for self-selection into exports and endogeneity of financial constraints. At the same time, we can …The paper examines the causal effect of financial constraints on firm exports. We exploit a firm-level proxy of … exports of within firm changes in financial constraints status. We find that financial constraints produce a sizable reduction …
Persistent link: https://www.econbiz.de/10010403691
We investigate the effect of both research and consulting on higher education teaching quality at the individual level. We propose a theor etical model in which academics allocate limited time between three activities, over a two period horizon, under the assumption of positive spillovers from...
Persistent link: https://www.econbiz.de/10010406281
Combining detailed data on export transactions and an informative firm level measure of financing constraints, this paper provides new evidence on the extent and dynamics of product and geographical diversification of constrained exporters. Financial constraints associates with: (i) narrower...
Persistent link: https://www.econbiz.de/10010406285
Combining detailed data on export transactions and an informative firm-level measure of financing constraints, this article provides new evidence on the extent and dynamics of product and geographical diversification of constrained exporters. Financial constraints associate with: (i) narrower...
Persistent link: https://www.econbiz.de/10013314627
strategy allows to cure for self-selection into exports and endogeneity of financial constraints. At the same time, we can …The article examines the causal effect of financial constraints on firms’ exports. We exploit a firm-level proxy of … exports of within-firm changes in financial constraints status. We find that financial constraints produce a sizable reduction …
Persistent link: https://www.econbiz.de/10013314630
Exploiting data on the product-destination-level transactions of a large panel of Italian firms, we provide evidence that financial constraints affect price variation across exporters. Constrained exporters charge higher prices than do unconstrained firms that export to the same...
Persistent link: https://www.econbiz.de/10013314631
main result is robust to endogeneity considerations of the credit score. Overall, our findings suggest that, by impacting …
Persistent link: https://www.econbiz.de/10011299160
development increases countries' exports above and beyond its impact on overall production. Firm selection into exporting accounts … for a third of the trade-specific effect, while two thirds are due to reductions in firm-level exports. Second …, financially advanced economies export a wider range of products and their exports experience less product turnover. Finally, while …
Persistent link: https://www.econbiz.de/10012714516
We examine the relationship between firms' performance and credit constraints affecting export market entry. The existing research assumes that variation in firms' financial conditions identifies credit constraints. A critical assumption is that financial conditions do not affect real outcomes...
Persistent link: https://www.econbiz.de/10013542035
How do exporters expand their product scope and geographical presence? We argue that new exporters are uncertain about their profitability in different countries and products, but learn it as they start to export. As a consequence, exporters add products and countries sequentially, in an...
Persistent link: https://www.econbiz.de/10012534564