Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Exporting under Financing Constraints: Firm-level Evidence from EU Countries. ESRI WP530. April 2016

Murphy, Gavin and Siedschlag, Iulia (2016) Exporting under Financing Constraints: Firm-level Evidence from EU Countries. ESRI WP530. April 2016. [Working Paper]

[img] PDF - Published Version
Download (583Kb)


    Financing constraints have been identified as an additional source of firm heterogeneity that affects export participation and export performance. This paper examines whether and to what extent financing constraints affect firms’ exporting across different types of firms and industries. It uses comparable micro data from France, Germany, Italy and Spain and estimates the sensitivity of firms’ extensive and intensive margins of exporting to financing constraints. The empirical results indicate that firms which were less constrained financially were more likely to export, while financing constraints did not affect the export intensity of existing exporters. It appears that financing constraints affect export participation via firms’ productivity. The sensitivity of exporting to access to external financing appears to be most important for young, domestic-owned and firms in traditional industries. The sensitivity of the export propensity to financing constraints decreased with firm size.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Working Paper
    Subjects for non-EU documents: Countries > France
    Countries > Germany
    Countries > Ireland
    Countries > Italy
    Countries > Spain
    EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity
    EU policies and themes > External relations > international trade
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 18 Jul 2017 14:48
    Number of Pages: 33
    Last Modified: 18 Jul 2017 14:48

    Actions (login required)

    View Item

    Document Downloads