Financial factors and exporting decisions
By D. Greenaway, A. Guariglia, R. Kneller. 2007
726 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/fbcd4170080146270308e5e904c1dd2deca5c797
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Kalina B. Manova
- Joel Stiebale
- Andrea Caggese
- C. Fritz Foley
- Y. Gorodnichenko
- Monika Schnitzer
- V. Cuñat
- Maria Bas
In Strategy and Management
- C. Fritz Foley
- Kalina B. Manova
- Joel Stiebale
- Monika Schnitzer
- Y. Gorodnichenko
- Maria Bas
- A. Guariglia
- Junhong Yang
Citations in the corpus
- Acquisitions, markups, efficiency, and product quality: Evidence from India (2018, background): “, Guadalupe et al., 2012; Javorcik and Poelhekke, forthcoming), this indicates that market access is not the main channel that boosts output in acquired firms. A possible explanation is that the majority of acquisition targets already have relatively high export shares before acquisition (see Table ”
- Cross-Border M&As and Innovative Activity of Acquiring and Target Firms (2016, background): “A liquidity ratio accounts for financial factors whic might be a prerequisite to finance innovative activities and sunk costs for entry into a foreign market (see, for instance, Greenaway et al., 2007).”
- Internal financial constraints and firm productivity in China: Do liquidity and export behavior make a difference? (2013, positive): “Specifically, it has been found that exporters are generally financially healthier than nonexporters (Campa and Shaver, 2002; Greenaway et al., 2007; Bellone et al., 2010; Guariglia and Mateut, 2010) 15 .”
- Financing constraints, R&D investments and innovative performances: new empirical evidence at the firm level for Europe (2016, background): “…in international markets and reduce firms’ level of trade (Manova 2013), while also being attenuated by international trade because of the easier and more stable access to credit that the status of exporter normally guarantees (Greenaway, Guariglia, and Kneller 2007; Bellone et al. 2010).”
- International Trade, Multinational Activity, and Corporate Finance (2015, positive): “In panel data for 9,292 UK firms in 1993–2003, Greenaway et al. (2007) also observe that exporters have higher liquidity and lower leverage than do nonexporters, controlling for firm size and productivity.”
- The Decision to Import Capital Goods in India : Firms’ Financial Factors Matter (2012, positive): “Along the same line, Kasahara and Rodrigue (2008); Halpern et al. (2009); Schor (2004); Amiti and Konings (2007) find robust empirical evidence on the use of foreign intermediate goods that enhances firms’ total factor productivity.”
- How Firms Export: Processing vs. Ordinary Trade with Financial Frictions (2016, neutral): “Leverage is the ratio of current liabilities to current assets.15 Firms with higher 14 See, for example, Whited (1992), Fazzari and Petersen (1993), Greenaway et al. (2007), and Ding et al. (2013).”
- Financial Constraints and Innovation: Why Poor Countries Don't Catch Up (2013, methodology): “Most of the difference in income across countries is attributed to differences in productivity which, in words of Moses Abramovitz, is a measure of our ignorance.”
- Do Financial Constraints Matter for Foreign Market Entry? A Firm-Level Examination (2008, positive): “Du and Girma (2007) find that the availability of bank loans affects firms' export share in China, while Greenaway et al (2007) find that firms that start exporting in the U.K. are not characterized by higher liquidity than other firms.”
- Credit constraints and firm export: Microeconomic evidence from Italy☆ (2011, methodology): “Using data from the United Kingdom, Greenaway et al. (2007) investigate the relationship between export and measures of firms' financial health drawn from financial statements.”
- Financial factors and the margins of trade: Evidence from cross-country firm-level data (2010, background): “As they stand, firm-level studies have generally focused on the role of fixed costs and productivity on exporting decisions.”
- Credit Constraints, Heterogeneous Firms and International Trade (2013, positive): “…for the UK, Belgium, China, Italy and Japan, for example, indicates that credit constraints restrict companies’ export product scope, number of destinations, and value of foreign sales (Greenaway et al., 2007; Muûls, 2008; Manova et al., 2009; Minetti and Zhu, 2011; Amiti and Weinstein, 2011).”
- Exporters, Importers and Credit Constraints (2015, neutral): “Greenaway et al. (2007)findnoex-ante effect on the probability of becoming an exporter while Bellone et al. (2010) do.”
- Off the Cliff and Back? Credit Conditions and International Trade During the Global Financial Crisis (2012, neutral): “8 See for example Greenaway et al. (2007) based on UK data, Muûls (2008) on”
- Exports and Credit Constraints under Incomplete Information: Theory and Evidence from China (2014, neutral): “Φe ( x,M e (x) ) ≡ [ sdpd ( σ − 1 σ )] / w x (15)”
- Towards a Theory of Trade Finance (2011, neutral): “For work on financial constraints and trade see also Greenaway et al. (2007) and Muûls (2008). Finally, effects of financial crisis on trade flows are studied among others by Berman and Martin (2010), Bricongne et al. (2012), Chor and Manova (2012) and van der Veer (2010). (5)Additional instruments ”