Export Survival

• Tác giả: Melise Jaud
• Ngôn ngữ: eng
• Ký hiệu phân loại: 325.2 Emigration
• Thông tin xuất bản: World Bank, Washington, DC, 2023
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 298418
• Chủ đề: 1. BANK VS STOCK MARKET; 2. FINANCE TRANSMISSION; 3. FINANCING EXPORT SURVIVAL; 4. STOCK MARKET FINANCING OF EXPORTS; 5. TRANSMISSION TO REAL ECONOMY

Tóm tắt

Banks and stock markets play distinct roles in helping exporters survive in foreign markets, conditional on the specific financial needs of exported products. Stock markets rather than banks help exporters who lack easily collateralizable tangible assets. Active rather than large stock markets promote exports of products requiring high levels of working capital. And the trade credit can act as a substitute for external financing only from banks and only in the presence of well-established export links. These results on product-level export survival provide new insights into the transmission process from finance to the real economy.