Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/119835
Authors: 
Secchi, Angelo
Tamagni, Federico
Tomasi, Chiara
Year of Publication: 
2014
Series/Report no.: 
LEM Working Paper Series 2014/16
Abstract: 
The paper examines the causal effect of financial constraints on firm exports. We exploit a firm-level proxy of constraints based on credit ratings and available for a large panel of Italian exporting and non exporting firms. Our estimation strategy allows to cure for self-selection into exports and endogeneity of financial constraints. At the same time, we can control for unobserved firm fixed effects both in the selection and in the export equation, thus identifying the effect on exports of within firm changes in financial constraints status. We find that financial constraints produce a sizable reduction in the value of firm foreign sales.
Subjects: 
financial constraints
exports
self-selection
endogeneity
JEL: 
F10
F14
F36
G20
G32
L25
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.