Change search
ReferencesLink to record
Permanent link

Direct link
Credit constraints and exports: a survey of empirical studies using firm-level data
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
2014 (English)In: Industrial and Corporate Change, ISSN 0960-6491, E-ISSN 1464-3650, Vol. 23, no 6, 1477-1492 p.Article in journal (Refereed) PublishedText
Abstract [en]

Business managers are well aware of the fact that credit constraints can hamper or even prevent exporting. Economists only recently started to incorporate these arguments in theoretical models of heterogeneous firms and to test the implications of these models econometrically with firm-level data. Starting with the pioneering study by Greenaway, Guariglia, and Kneller (Journal of International Economics, 2007), a growing number of empirical papers looked at the links between financial constraints and export activities using data at the level of the firm. This article presents a tabular survey of 32 empirical studies that cover 14 different countries plus five multi-country studies. The big picture can be summarized as follows: financial constraints are important for the export decisions of firms: exporting firms are less financially constrained than non-exporting firms. Studies that look at the direction of this link usually report that less constrained firms self-select into exporting, but that exporting does not improve financial health of firms. The article argues that the results at hand should not be considered as stylized facts that can guide policy makers in an evidence-based way and suggests a strategy to further improve our knowledge in this area.

Place, publisher, year, edition, pages
Oxford University Press, 2014. Vol. 23, no 6, 1477-1492 p.
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-179092DOI: 10.1093/icc/dtu037ISI: 000346035800005OAI: oai:DiVA.org:kth-179092DiVA: diva2:881707
Note

Qc 20151211

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

Open Access in DiVA

No full text

Other links

Publisher's full text

Search in DiVA

By author/editor
Wagner, Joachim
By organisation
Centre of Excellence for Science and Innovation Studies, CESIS
In the same journal
Industrial and Corporate Change
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Altmetric score

Total: 3 hits
ReferencesLink to record
Permanent link

Direct link