Does Finance Really Matter for the Participation of SMEs in International Trade? Evidence from 8,080 East Asian Firms

Yothin Jinjarak, Paulo Jose Mutuc and Ganeshan Wignaraja
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Paulo Jose Mutuc: Asian Development Bank Institute

No 470, ADBI Working Papers from Asian Development Bank Institute

Abstract: This paper studies factors associated with firm participation in export markets, focusing primarily on firm size and access to credit, based on a survey sample comprising observations of 8,080 small and medium enterprises (SMEs) (with fewer than 100 employees) and non-SME firms in developing East Asian countries across sectors. The main findings suggest the interdependent relationships between export participation, firm size, and access to credit. SMEs participating in export markets tend to gain more access to credit, while potential scale economies (firm sizes) of SMEs are positively associated with participation in export markets. The estimation results also point to the supportive influences of foreign ownership, worker education, and production certification on export participation, and the positive effects of financial certification, managerial experience, and collateral/loan value on access to credit for SMEs.

Keywords: small and medium enterprises; sme; international trade; export markets (search for similar items in EconPapers)
JEL-codes: D22 E44 F14 L16 O14 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2014-03-31
New Economics Papers: this item is included in nep-ent, nep-ger, nep-int, nep-sbm and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Does Finance Really Matter for the Participation of SMEs in International Trade? Evidence from 8,080 East Asian Firms (2014)
Working Paper: Does Finance Really Matter for the Participation of SMEs in International Trade? Evidence from 8,080 East Asian Firms (2014)
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