scholarly journals Capacity utilization under credit constraints: A firm-level study of Latin American manufacturing

2020 ◽  
Author(s):  
Dengjun Zhang
Keyword(s):  
Latin American ◽  
Credit Constraints ◽  
Capacity Utilization ◽  
Firm Level

scholarly journals Credit Constraints, Technology Choice and Exports: A Firm-level Study for Latin American Countries

2016 ◽  
Vol 20 (2) ◽  
pp. 547-560 ◽  
Author(s):  
Syed Hasan ◽  
Ian Sheldon
Keyword(s):  
Latin American ◽  
Credit Constraints ◽  
Technology Choice ◽  
Firm Level ◽  
Latin American Countries

scholarly journals Credit constraints and exports: a survey of empirical studies using firm-level data

2014 ◽  
Vol 23 (6) ◽  
pp. 1477-1492 ◽  
Author(s):  
J. Wagner
Keyword(s):  
Credit Constraints ◽  
Empirical Studies ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data

scholarly journals The (Normal) Rate of Capacity Utilization at the Firm Level

2012 ◽  
Author(s):  
Michalis Nikiforos
Keyword(s):  
Capacity Utilization ◽  
Normal Rate ◽  
Firm Level

scholarly journals A microanalysis of trade finance: German bank entry and coffee exports in Brazil, 1880–1913

2019 ◽  
Vol 24 (2) ◽  
pp. 356-389
Author(s):  
Wilfried Kisling
Keyword(s):  
Historical Perspective ◽  
Credit Constraints ◽  
Original Data ◽  
Firm Level ◽  
Data Set ◽  
Trade Finance ◽  
German Bank ◽  
Level Data ◽  
Economic Studies ◽  
Bank Entry

Abstract The trade-finance nexus has enjoyed increasing interest in recent economic studies, but empirical evidence is scarce and studies from a historical perspective seem missing. This study analyses the effect of German bank entry on Brazilian coffee exports between 1880 and 1913 using firm-level data. I create an original data set on the yearly quantities of exported coffee and the credit received from the German Brasilianische Bank für Deutschland by export houses in Brazil. Using a difference-in-difference approach, I find that Brasilianische eased previously existing credit constraints, and that companies financed by Brasilianische exported significantly more than those that were not.

scholarly journals Empowering Cities: Good for Growth? Evidence from the People's Republic of China

2018 ◽  
Vol 35 (1) ◽  
pp. 175-195
Author(s):  
Megha Mukim ◽  
T. Juni Zhu
Keyword(s):  
Gross Domestic Product ◽  
Local Governments ◽  
Credit Constraints ◽  
High Capacity ◽  
Economic Outcomes ◽  
Firm Level ◽  
Access To Credit ◽  
Republic Of China ◽  
Firm Outcomes ◽  
Local Leaders

This paper utilizes a countrywide process of county-to-city upgrading in the 1990s to identify whether extending the powers of urban local governments leads to better firm outcomes. The paper hypothesizes that since local leaders in newly promoted cities have an incentive to utilize their new administrative remit to maximize gross domestic product and employment, there should be improvements in economic outcomes. In fact, aggregate firm-level outcomes do not necessarily improve after county-to-city graduation. However, state-owned enterprises perform better after graduation, with increased access to credit through state-owned banks as a possible explanation. Importantly, newly promoted cities with high capacity generally produce better aggregate firm outcomes compared with newly promoted cities with low capacity. The conclusions are twofold. First, relaxing credit constraints for firms could lead to large increases in their operations and employment. Second, increasing local government's administrative remit is not enough to lead to better firm and economic outcomes; local capacity is of paramount importance.

scholarly journals FDI and Credit Constraints: Firm Level Evidence in China

2007 ◽  
Author(s):  
Jerome Hericourt ◽  
Sandra Poncet
Keyword(s):  
Credit Constraints ◽  
Firm Level

Cooperation and novelty innovation: a study for Argentina

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Carolina Pasciaroni ◽  
Andrea Barbero
Keyword(s):  
Latin American ◽  
Developed Countries ◽  
Future Research ◽  
Firm Level ◽  
Firm Innovation ◽  
Industrial Firms ◽  
Content Type ◽  
Business Partners ◽  
Innovation Surveys ◽  
Partner Types

Purpose This paper aims to analyse the influence of cooperation on the degree of novelty of technological innovations introduced by industrial firms in Argentina. This influence is analysed from three perspectives: cooperation by partner type [business partners or scientific and technological centres (S&T) partners]; cooperation by number of partner types, from no cooperation to cooperation with two partner types; and cooperation by goals pursued by firms. Design/methodology/approach The data come from one of the last national innovation surveys conducted in Argentina. The study controls for endogeneity, using instrumental variable procedures within the conditional mixed-process (CMP) framework. Findings The main result is the influence of cooperation with universities and S&T centres on the introduction of more novel innovations, which was found both in estimations with and without endogeneity correction. This influence was verified for more complex goals (R&D, technology transfer and industrial design and engineering) as well as for less complex ones (tests and trials, human resources training, quality management and certification). Business cooperation seems to impact only on a lower degree of novelty for more complex goals. The increase in the number of partners that the firm cooperates with, from no cooperation to joint cooperation with two partner types, influences more novel innovations. Research limitations/implications Limitations and proposals for future research are discussed at the end of the study. Practical implications The results of this study contrast with the high propensity to cooperate with business partners shown by firms in Argentina and other Latin American countries. Therefore, this paper may help formulate more effective policies to promote cooperation conducive to firm innovation performance. Limitations and proposals for future research are discussed at the end of the study. Originality/value Although there is empirical evidence on this topic for developed countries, firm-level studies on cooperation and degree of novelty are scarce for Latin America. In addition, this paper analyses cooperation not only by type of partner but also by type of goal. This study attempted to control for endogeneity by using instrumental variables within the CMP framework.

Credit Constraints and Increased Firm-level Production Fragmentation: Evidence from India

2022 ◽  
pp. 097491012110677
Author(s):  
Debarati Ghosh ◽  
Meghna Dutta
Keyword(s):  
Credit Constraints ◽  
Policy Implications ◽  
Technological Advancement ◽  
Firm Level ◽  
Financing Structure ◽  
Alternative Measures ◽  
Using Data ◽  
Level Production ◽  
Positive Effect ◽  
Production Fragmentation

Previous studies have underlined various rationales for production fragmentation from wage differentials, decreased trade costs, access to specialized skills and resources, access to new markets, and benevolent government policies, to technological advancement. However, the idea that a firm’s financing structure can influence its production structure remains less explored, more so empirically. Firms that are financially constrained find it difficult to complete the entire production process in-house and therefore tend to resort to production fragmentation. The current study investigates this link between the extent of credit constraints faced by firms and their outsourcing behavior using data from Indian manufacturing firms over a period of ten years. We also separately study this linkage for firms that tend to export more vis-à-vis firms that export less, to ascertain if increased exporting have relaxed the financial constraint of the firms. The results confirm the positive effect of credit constraints on outsourcing behavior. For a robustness check, subsample regressions and alternative measures of constraints are also analyzed. The study has important policy implications for developing countries such as India, where outsourcing may prove to be a profitable reorganization strategy for firms that are financially constrained.

scholarly journals The (Normal) Rate of Capacity Utilization at the Firm Level

2013 ◽  
Vol 64 (3) ◽  
pp. 513-538 ◽  
Author(s):  
Michalis Nikiforos
Keyword(s):  
Capacity Utilization ◽  
Normal Rate ◽  
Firm Level
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