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Credit constraints and margins of import: first evidence for German manufacturing enterprises
KTH, School of Industrial Engineering and Management (ITM), Centres, Centre of Excellence for Science and Innovation Studies, CESIS. Leuphana University, Lueneburg.ORCID iD: 0000-0001-6058-4536
2015 (English)In: Applied Economics, ISSN 0003-6846, E-ISSN 1466-4283, Vol. 47, no 5, 415-430 p.Article in journal (Refereed) PublishedText
Abstract [en]

This study uses tailor-made enterprise-level data for 2008-2010 from various sources for firms from manufacturing industries to test for the link between credit constraints, measured by a credit rating score provided by a leading credit rating agency, and imports in Germany for the first time. We find empirical evidence that a better credit rating score is positively related to extensive margins of import - firms with a better score have a higher probability to import, they import more goods and they source from more countries of origin. The intensive margin of imports the share of imports in total sales - is found not to be related to credit constraints.

Place, publisher, year, edition, pages
Routledge, 2015. Vol. 47, no 5, 415-430 p.
Keyword [en]
credit constraints, imports, Germany
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-179091DOI: 10.1080/00036846.2014.969829ISI: 000348711700001OAI: oai:DiVA.org:kth-179091DiVA: diva2:881700
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QC 20151211

Available from: 2015-12-11 Created: 2015-12-10 Last updated: 2015-12-11Bibliographically approved

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Wagner, Joachim
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