Export and Innovation in Small and Medium Enterprises
The Role of Concentrated Bank Borrowing
Bibliographic Data
| ID | 9723530 |
|---|---|
| Authors | Maria Luisa Mancusi (0000-0002-5726-0351, Università Cattolica del Sacro Cuore (Milan) and ICRIOS Bocconi University), Andrea Vezzulli (0000-0002-2360-5112, University of Insubria and ICRIOS Bocconi University), Serena Frazzoni (UniCredit), Zeno Rotondi (0000-0001-7650-4684, UniCredit and LUISS University), Maurizio Sobrero (0000-0002-7839-2935, University of Bologna) |
| Year | 2018 |
| Volume | 85 |
| Issue | 337 |
| Pages | 177-204 |
| Publication date | 2018-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12252 |
| OpenAlex | W2759709153 |
| Language | EN |
| Citations received | 3 |
| References cited | 67 |
This paper assesses the role of concentrated bank borrowing in explaining the extensive and intensive margins of export, while accounting for the simultaneous relationship between exporting and innovation. Concentrated bank borrowing proxies for the intensity of the bank–firm relationship and is a strategy often pursued by small and medium enterprises ( SME s) in order to overcome information asymmetries and improve access to external finance. Our results show that a tight relationship between an SME and its main bank increases both the firm's probability of exporting and its export intensity. This positive effect is only marginally mediated by the SME 's increased propensity to introduce product innovation. We further discuss the financial and non‐financial channels through which the intensity of the bank–firm relationship supports SME s’ international activities
Business · Economics · Financial system · Industrial organization · Monetary economics · Order (exchange) · Product (mathematics) · Small and medium-sized enterprises · Corporate Finance and Governance · Finance · Global trade and economics · International Business and FDI
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| Unique citing works | 3 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2020 - 2024 (5) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |