Credit constraint and firm’s export mode choice
Bibliographic Data
| ID | 6045442 |
|---|---|
| Authors | Zhiyuan Li (0000-0002-4709-8418, Shanghai University of International Business and Economics, corresponding author), Haichun Ye (0000-0001-6461-4982, Chinese University of Hong Kong, Shenzhen) |
| Year | 2021 |
| Volume | 1 |
| Issue | 1 |
| Pages | 43-58 |
| Publication date | 2021-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | China Economic Quarterly International (JOURNAL) |
| Journal identifiers | ISSN: 2666-9331 • E-ISSN: 2666-9331 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.ceqi.2021.01.002 |
| OpenAlex | W3127962788 |
| Language | EN |
| Citations received | 1 |
| References cited | 19 |
How do firms’ credit constraint affect their export mode choices between direct exporting and indirect exporting through intermediaries? This study explores this issue in a heterogeneous firm model where firms differ not only in productivity but also in credit levels. Our model predicts that more productive and financially less constrained firms tend to choose the more advanced export mode and that for the cutoff firms, there is an overall inverse relation between credit and productivity with diminishing marginal rate of substitution. These theoretical predictions are borne out in a large cross-country firm-level dataset over the period 2002–2012
Business · Econometrics · Economics · Industrial organization · Intermediary · Macroeconomics · Marginal product · Microeconomics · Monetary economics · Productivity · Global trade and economics · International Business and FDI · International Development and Aid · Finance
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| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |