The Effect of Public Export Credit Supports on Firm Performance

Jung Hur and Haeyeon Yoon

Bristol Economics Discussion Papers from School of Economics, University of Bristol, UK

Abstract: Many countries allocate public funds to export credit service-export insurance and loan services. This paper examines the effects of public export credit supports on firms' global and domestic performance. This study differs from previous studies in that (i) it considers both export loan and insurance from export credit agencies (ECAs) (ii)in a developing country, and (iii) investigates heterogeneous effects by support types and firm characteristics. To construct unique firm-level panel data, this study combines data from two independent ECAs in Korea, each providing export loans and insurance. This paper finds that the effect of financial aids is significant and, more importantly, heterogeneous across support types and firm characteristics-export experience and financial status. The results can be a good reference for developing countries that have more incentives than developed countries to establish or expand ECAs given their weaker financial systems.

Date: 2022-03-04
New Economics Papers: this item is included in nep-ban, nep-ias and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:bri:uobdis:22/760

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