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Financing constraints and exports: evidence from India
, Padmaja M.
Published in Springer
Volume: 45
Issue: 1
Pages: 118 - 145
This paper investigates the effect of financing constraints on the extensive and intensive margins of exports using a rich firm-level data on Indian manufacturing firms. Following the literature, we adopt liquidity ratio and leverage ratio as the measures of financing constraints and control for other firm-level factors. Controlling for initial conditions, endogeneity, and selection bias, we find that financing constraints have a significant impact on the extensive margin of exports. Using Propensity Score Matching –Differences in Differences approach, we find significant post-entry effects of exports on firm financial performance. © 2020, Academy of Economics and Finance.
About the journal
JournalData powered by TypesetJournal of Economics and Finance
PublisherData powered by TypesetSpringer
Open AccessNo