Arbeitspapier
Do Financial Constraints Matter for Foreign Market Entry? – A Firm-Level Examination
Recent theoretical and empirical contributions stress the importance of financial development for international trade. This paper investigates whether financial constraints matter for foreign market entry at the firm level using dynamic panel data techniques. The empirical framework is applied to a panel of French manufacturing firms over the years 1998-2005. Although financial indicators are significantly correlated with export status and export share, there is no evidence that financial constraints have a direct impact on foreign market participation or sales in foreign markets once observed and unobserved firm heterogeneity is controlled for. This result also holds for subgroups of firms that are more likely to face financial constraints and industries that are more dependent on financial factors.
- ISBN
-
978-3-86788-054-1
- Sprache
-
Englisch
- Erschienen in
-
Series: Ruhr Economic Papers ; No. 51
- Klassifikation
-
Wirtschaft
Empirical Studies of Trade
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
- Thema
-
Exports
financial constraints
sunk costs
Exportindustrie
Verarbeitendes Gewerbe
Internationale Markteintrittsstrategie
Verschuldungsrestriktion
Sunk Costs
Frankreich
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Stiebale, Joel
- Ereignis
-
Veröffentlichung
- (wer)
-
Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
- (wo)
-
Essen
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Stiebale, Joel
- Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
Entstanden
- 2008
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