Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/175668
Authors: 
Görg, Holger
Spaliara, Marina-Eliza
Year of Publication: 
2017
Series/Report no.: 
KCG Working Paper 4
Abstract: 
This paper uses rich firm-level data for the UK to investigate the link between firms' financial health and export exit, paying attention to the ERM currency crisis and the global financial crisis. Our results show that deterioration in the financial position of firms has increased the hazard of export exit during the 2007-09 crisis but has no significant effect on the early 1990s crisis. We also explore the extent to which firms in financially vulnerable industries face greater sensitivity of export exit to financial conditions. We conclude that firms in sectors with great reliance on external finance experience higher hazards of exiting the export market during the 2007-09 crisis.
Subjects: 
financial health
financial vulnerability
exports
extensive margin
crises
JEL: 
F1
L2
G3
Document Type: 
Working Paper

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