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How do Firms in Argentina Get Financing to Export?

2013; RELX Group (Netherlands); Linguagem: Inglês

10.2139/ssrn.2340487

1556-5068

Tomás Castagnino, Laura Inés D ́Amato, Máximo Sangiácomo,

Global trade and economics

Download This Paper Open PDF in Browser Add Paper to My Library Share: Permalink Using these links will ensure access to this page indefinitely Copy URL How do Firms in Argentina Get Financing to Export? ECB Working Paper No. 1601 37 Pages Posted: 8 Nov 2013 See all articles by Tomás CastagninoTomás CastagninoUniversity of California, Los Angeles (UCLA)Laura Inés D´AmatoCentral Bank of ArgentinaMáximo SangiácomoCentral Bank of Argentina Date Written: October 15, 2013 Abstract This paper, developed in the context of the CompNet initiative, delves into the importance of access to financing for the performance of firms in export markets. Using a unique microeconomic database that combines data on Argentine firms' characteristics and export performance with information on their domestic and external financing, we provide a rich insight into their financing patterns. We find that: (i) exporters have more access to bank credit than non-exporters, (ii) firms with more access to bank credit are more likely to start exporting, particularly the medium size ones and (iii) those firms with more access to foreign financing export a wider variety of products and serve more distant and developed markets. We also study the duration of firms in export markets using the Kaplan-Meier estimator. We find that the probability of firms' survival in export markets increases with their size in the earlier years of exporting. Once firms become regular exporters, their permanence in export markets seems to be less dependent on their size. Keywords: Trade financing, bank credit, international markets financing, survival analysis JEL Classification: C33, F14, G20 Suggested Citation: Suggested Citation Castagnino, Tomás and D´Amato, Laura Inés and Sangiácomo, Máximo, How do Firms in Argentina Get Financing to Export? (October 15, 2013). ECB Working Paper No. 1601, Available at SSRN: https://ssrn.com/abstract=2340487 Tomás Castagnino (Contact Author) University of California, Los Angeles (UCLA) 405 Hilgard AvenueBox 951361Los Angeles, CA 90095United States Laura Inés D´Amato Central Bank of Argentina ( email ) Reconquista 266Edificio Central, piso 7Buenos Aires, 1003United States Máximo Sangiácomo Central Bank of Argentina ( email ) Reconquista 266Edificio Central, piso 7Buenos Aires, 1003United States Download This Paper Open PDF in Browser Do you have a job opening that you would like to promote on SSRN? Place job opening Paper statistics Downloads 61 Abstract Views 524 rank 441,102 19 References PlumX Metrics Related eJournals European Central Bank Research Paper Series Follow European Central Bank Research Paper Series Subscribe to this free journal for more curated articles on this topic FOLLOWERS 8,640 PAPERS 2,857 Corporate Finance: Capital Structure & Payout Policies eJournal Follow Corporate Finance: Capital Structure & Payout Policies eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 2,735 PAPERS 13,483 This Journal is curated by: René M. Stulz at Ohio State University (OSU) - Department of Finance Econometric Modeling: International Economics eJournal Follow Econometric Modeling: International Economics eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 681 PAPERS 7,066 Microeconomics: Intertemporal Firm Choice & Growth, Investment, Financing, & Capacity eJournal Follow Microeconomics: Intertemporal Firm Choice & Growth, Investment, Financing, & Capacity eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 606 PAPERS 6,637 Latin American Economics eJournal Follow Latin American Economics eJournal Subscribe to this fee journal for more curated articles on this topic FOLLOWERS 431 PAPERS 6,691 This Journal is curated by: Sebastian Edwards at University of California, Los Angeles (UCLA) - Global Economics and Management (GEM) Area, Ricardo P. C. Leal at The COPPEAD Graduate School of Business, Denise Dimon at University of San Diego - School of Business Administration Feedback Feedback to SSRN Feedback (required) Email (required) Submit If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday. Submit a Paper Section 508 Text Only Pages SSRN Quick Links SSRN Solutions Research Paper Series Conference Papers Partners in Publishing Jobs & Announcements Newsletter Sign Up SSRN Rankings Top Papers Top Authors Top Organizations About SSRN SSRN Objectives Network Directors Presidential Letter Announcements Contact us FAQs Copyright Terms and Conditions Privacy Policy We use cookies to help provide and enhance our service and tailor content. To learn more, visit Cookie Settings. This page was processed by aws-apollo5 in 0.189 seconds