Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80504
Authors: 
Görg, Holger
Spaliara, Marina-Eliza
Year of Publication: 
2013
Series/Report no.: 
CESifo Working Paper 4363
Abstract: 
Using firm-level data for the UK, we investigate the link between firms' financial health, borrowing ratio and export exit, paying special attention to the recent financial crisis. Our results show that deterioration in the financial position of firms has increased the hazard of export exit during the crisis. We also find that the sensitivity of export exit to changes in firms' financial condition is higher during the crisis for those firms which face increases in loan spreads associated with the firm-specific interest rate.
Subjects: 
financial pressure
firm exit
financial health
exports
JEL: 
F10
L20
G30
Document Type: 
Working Paper

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