Görg, H. and Spaliara, M.E. (2013) Export market exit, financial pressure and the crisis. Working Paper. Centre for Economic Policy Research, London, UK.
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Publisher's URL: http://www.cepr.org/pubs/dps/DP9599
Abstract
Using firm-level data for the UK, we investigate the link between firms’ financial health, borrowing ratio and export exit, paying special attention to the recent financial crisis. Our results show that deterioration in the financial position of firms has increased the hazard of export exit during the crisis. We also find that the sensitivity of export exit to changes in firms’ financial condition is higher during the crisis for those firms which face increases in loan spreads associated with the firm-specific interest rate.
Item Type: | Research Reports or Papers (Working Paper) |
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Keywords: | export market exit, financial crisis, financial pressure |
Status: | Published |
Refereed: | No |
Glasgow Author(s) Enlighten ID: | Spaliara, Professor Marina Eliza |
Authors: | Görg, H., and Spaliara, M.E. |
Subjects: | H Social Sciences > HG Finance |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Research Group: | Working paper |
Journal Name: | Centre for Economic Policy Research |
Journal Abbr.: | CEPR |
Publisher: | Centre for Economic Policy Research |
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