Exchange rate fluctuations, financing constraints, hedging, and exports: Evidence from firm level data

Exports and productivity: a survey of the evidence from firm level data

Evidence from Italian firm-level data

The study, aimed at evaluating the likely effects of the EC Directive on late payments, provides direct evidence that interfirm credit received by Italian manufacturing firms is, if ever, only slightly more expensive than bank loans. An econometric exercise shows that financial determinants have a stronger impact on recorded credit and debt periods for larger firms, able to use trade credit to ...

Evidence from Austrian Firm-Level Data

This paper provides an economic assessment of export credit guarantee commitments by the Austrian export credit agency, using firm-level data on a cross-section of 178 Austrian exporting firms for the year 2008. In a first step, we estimate the relative importance of various determinants of export guarantee usage. Results suggest that the most crucial determinants are: firm size, whether or not...

Credit constraints, firm exports and financial development: Evidence from developing countries

This paper examines whether financial development reduces the impact of credit constraints on the exporting decision using firm-level data across 17 developing countries. We approximate credit constraints by a firm’s liquidity ratio. In line with a Melitz-type model with borrowing frictions, the regression analysis confirms that the positive effect of a firm’s liquidity on the exporting probabi...

ICT solutions and labor productivity: evidence from firm-level data

This paper analyses the impacts of information and communication technology (ICT) solutions on labor productivity, i.e. revenue per employee. Based on cross-sectional data on 1955 European firms in 2005 and a linear regression model derived from the microeconomic theory of production, the impacts of six common ICT solutions in electronic commerce (e-commerce) cannot be ignored. According to the...