Exporting, capital investment and financial constraints

被引：23
|
作者：
Manole, Vlad [2 ]
Spatareanu, Mariana [1 ]
机构：
[1] Rutgers State Univ, Dept Econ, Newark, NJ 07102 USA
[2] Conf Board, New York, NY 10022 USA
来源：
REVIEW OF WORLD ECONOMICS | 2010年 / 146卷 / 01期
关键词：
Exporting; Cash flow; Financial constraints; PANEL-DATA; COLOMBIA; GROWTH;
D O I：
10.1007/s10290-009-0040-3
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Many firms cite financial constraints as some of the most important impediments to their investment and growth. Using a unique data set from the Czech Republic this paper investigates the importance of financing constraints in the context of exporters. It finds that exporters are less financially constrained than non-exporters. However, after carefully correcting for possible endogeneity and selection issues, the evidence points to less constrained firms self-selecting into exporting rather than exporting alleviating firms' financial constraints.
引用
收藏
页码：23 / 37
页数：15
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