Board of directors and export-spillovers: What is the impact on extensive margins of trade?

Hans Lööf () and Ingrid Viklund-Ros ()
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Ingrid Viklund-Ros: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, Postal: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden

No 482, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: Increased export experience on the board of non-exporting firms has a causal effect on their propensity to enter foreign markets in later periods. Using a universal set of Swedish employer-employee panel data for the period 2000-2014, this paper finds evidence on spillover from exporters to non-exporters through outside board directors. The identification strategy to account for endogenous selection of external board members relies on external instruments and applications of different instrumental variable approaches, capturing also unobserved heterogeneity. Our findings are robust to controlling for export background among managers and employees, as well as firm size, human capital, total factor productivity, productivity spillovers, firm location and industry classification.

Keywords: Export spillovers; extensive margins of trade; outside directors; employer-employee data; endogeneity (search for similar items in EconPapers)
JEL-codes: C26 F14 L20 M20 O33 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2019-10-16
New Economics Papers: this item is included in nep-bec, nep-hrm, nep-int and nep-sbm
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Journal Article: Board of directors and export spillovers: What is the impact on extensive margins of trade? (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:cesisp:0482

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