Financial Constraints and Exports: Evidence from Portuguese Manufacturing Firms

Armando Silva ()

International Journal of Business and Economic Sciences Applied Research (IJBESAR), 2011, vol. 4, issue 3, 7-19

Abstract: This paper analyses the links between financial constraints and firm export behaviour, at the firm level, by using data on Portuguese manufacturing enterprises. Previous empirical literature has not yet reached a consensus on these subjects and there is a great heterogeneity in measuring financial constraints. In line with a very recent trend, we approximate credit constraints by using a financial score built on eight variables. In order to assess the effects of exports on the financial status of firms we apply, for the first time to these types of studies, a propensity score matching with difference in differences. We find that new exporters show significant improvements in their financial situation.

Keywords: Exports; Propensity-Score-Matching; Financial constraints (search for similar items in EconPapers)
JEL-codes: F10 G32 L25 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (28)

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Working Paper: Financial constraints and exports: evidence from Portuguese manufacturing firms (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:tei:journl:v:4:y:2011:i:3:p:7-19

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