Antidumping, firm performance, and subsequent responses

Wanli Li, Yue Li, Gady Jacoby and Zhenyu Wu

Journal of International Financial Markets, Institutions and Money, 2022, vol. 76, issue C

Abstract: Based on antidumping (AD) cases initiated by 25 countries/regions against China, this study explores AD’s effects on exporters’ performance and their subsequent response. We find that AD significantly reduces targeted exporters’ profitability, market value and export volume. Exporters try to increase their domestic sales and profits by reducing profit margins and period expenses, as the main response. The responses effectively counteract the profit reduction in 1–2 years. Further tests reveal that exporters learn from previous cases and that the follow-up AD cases cannot considerably damage exporters’ profitability; however, the negative effects on market value and export volume still exist.

Keywords: Antidumping; Financial performance; Exporter; Response strategy (search for similar items in EconPapers)
JEL-codes: F13 G30 M10 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:76:y:2022:i:c:s1042443121001979

DOI: 10.1016/j.intfin.2021.101493

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