Does Finance Really Matter for the Participation of SMEs in International Trade? Evidence from 8,080 East Asian Firms
Jinjarak, Yothin; Paulo; Mutuc, Jose; Wignaraja, Ganeshan | March 2014
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.
Citation
Jinjarak, Yothin; Paulo; Mutuc, Jose; Wignaraja, Ganeshan. 2014. Does Finance Really Matter for the Participation of SMEs in International Trade? Evidence from 8,080 East Asian Firms. © Asian Development Bank. http://hdl.handle.net/11540/3970. License: CC BY 3.0 IGO.Keywords
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Social condition
Economic dependence
Economic assistance
International monetary relations
International monetary relations
International trade
National accounting
Market
Exchange
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
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http://hdl.handle.net/11540/3970Metadata
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