We analyze the link between firms’ access to finance and their decisions to enter and exit the export market. We employ … contrast, there is no relationship between the decision of firms to enter or exit export markets and their access to finance …. This may suggest that internal finance plays a greater role in Eastern European and CIS countries than in developed …

different degrees of dependence on external finance. Our findings cannot be explained by either increasing returns to scale or …

compensation that does not justify a debt. The paper examines public finance, political economy, and financial market issues that …