Financial health, exports, and firm survival: Evidence from UK and French firms
نویسنده
چکیده
We use firm level data to assess the role of exporting in the link between financial health and firm survival. The data are for the UK and France. We examine whether firms at different stages of export activity (starters, exiters, continuers, switchers) react differently to changes in financial variables. In general, export starters and exiters experience much stronger adverse effects of financial constraints for their survival prospects. By contrast, the exit probability of continuous exporters and export switchers is less negatively affected by financial characteristics. These relationships between exporting, finance and survival are broadly similar in the British and French sub-samples.
منابع مشابه
Financial health, exports and firm survival: A comparison of British and French firms
We examine the differential effects of financial status and exporting activity on the likelihood of survival for firms in the UK and France two countries with different financial systems. We aim to answer two main questions: What is the direct impact of financial characteristics and different facets of exporting activity on the likelihood of survival? Do the sensitivities of survival incidence ...
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