Munich Personal RePEc Archive

Time-Varying Impacts of Financial Credits on Firm Exports: Evidence from Trade Deregulation in China

Cheng, Dong and Hu, Zhongzhong and Tan, Yong (2017): Time-Varying Impacts of Financial Credits on Firm Exports: Evidence from Trade Deregulation in China.

This is the latest version of this item.

[img]
Preview
PDF
MPRA_paper_80657.pdf

Download (445kB) | Preview

Abstract

This paper investigates the heterogeneous and time-varying effects of financial credits on firm-level export performance. Using a data set covering comprehensive Chinese manufacturing firms and employing a difference-in-differences approach, we find that financial credits improve firm-level exports and productivity more for firms switching from indirect to direct export than continuing indirect exporting firms. Further, we employ a difference-in-difference-in-differences approach and find that improvements in firm-level finance have larger positive impacts on firm export values in the post-WTO accession period, conditioning on the firm switching from indirect to direct exporting. The time-varying impact may suggest an export distortion in China before its WTO accession.

Available Versions of this Item

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.