Publication type: | Article in scientific journal |
Type of review: | Peer review (publication) |
Title: | Credit market institutions and firm imports of capital goods : evidence from developing countries |
Authors: | Fauceglia, Dario |
DOI: | 10.1016/j.jce.2015.03.007 |
Published in: | Journal of Comparative Economics |
Volume(Issue): | 43 |
Issue: | 4 |
Page(s): | 902 |
Pages to: | 918 |
Issue Date: | 2015 |
Publisher / Ed. Institution: | Elsevier |
ISSN: | 0147-5967 1095-7227 |
Language: | German |
Subjects: | Capital goods imports; Institutions; International trade; Credit constraints; Financial development |
Subject (DDC): | 337: International economics and commerce |
Abstract: | Using firm-level data across seven developing countries, this paper studies the interaction between a firm’s wealth and a country’s credit market institutions on machinery and equipment imports (=capital imports). The panel analysis suggests that credit constraints have a negative impact on the capital import decision. However, the results also indicate that institutions such as creditor rights, an efficient debt enforcement and accounting standards improve access to external finance and reduce credit constraints with regard to capital imports. Firm-level difference-in-difference estimations that exploit a reform of the Brazilian bankruptcy law confirm the importance of credit market institutions for upgrading the technology embodied in capital goods. |
URI: | https://digitalcollection.zhaw.ch/handle/11475/12877 |
Fulltext version: | Published version |
License (according to publishing contract): | Licence according to publishing contract |
Departement: | School of Management and Law |
Organisational Unit: | Center for Labor, Digital and Regional Economics (CLDR) |
Appears in collections: | Publikationen School of Management and Law |
Files in This Item:
There are no files associated with this item.
Show full item record
Fauceglia, D. (2015). Credit market institutions and firm imports of capital goods : evidence from developing countries. Journal of Comparative Economics, 43(4), 902–918. https://doi.org/10.1016/j.jce.2015.03.007
Fauceglia, D. (2015) ‘Credit market institutions and firm imports of capital goods : evidence from developing countries’, Journal of Comparative Economics, 43(4), pp. 902–918. Available at: https://doi.org/10.1016/j.jce.2015.03.007.
D. Fauceglia, “Credit market institutions and firm imports of capital goods : evidence from developing countries,” Journal of Comparative Economics, vol. 43, no. 4, pp. 902–918, 2015, doi: 10.1016/j.jce.2015.03.007.
FAUCEGLIA, Dario, 2015. Credit market institutions and firm imports of capital goods : evidence from developing countries. Journal of Comparative Economics. 2015. Bd. 43, Nr. 4, S. 902–918. DOI 10.1016/j.jce.2015.03.007
Fauceglia, Dario. 2015. “Credit market institutions and firm imports of capital goods : evidence from developing countries.” Journal of Comparative Economics 43 (4): 902–18. https://doi.org/10.1016/j.jce.2015.03.007.
Fauceglia, Dario. “Credit market institutions and firm imports of capital goods : evidence from developing countries.” Journal of Comparative Economics, vol. 43, no. 4, 2015, pp. 902–18, https://doi.org/10.1016/j.jce.2015.03.007.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.