The Determinants of Firm Exit from Exporting: Evidence for the UK

Autor:	Richard Harris, Qian Cher Li
Rok vydání:	2011
Předmět:	Economics and Econometrics Foreign ownership media_common.quotation_subject Barriers to exit Debt Economics Business Management and Accounting (miscellaneous) Demographic economics Profitability index Productivity Barriers to entry Sunk costs Industrial organization media_common Panel data
Zdroj:	International Journal of the Economics of Business. 18:381-397
ISSN:	1466-1829 1357-1516
DOI:	10.1080/13571516.2011.618611
Popis:	This study seeks to understand to what extent new exporters are able to survive in international markets and whether exit from exporting is more likely to be associated with firm-level heterogeneity or more general factors such as trade costs and/or barriers to entry and exit (such as sunk costs). This study presents the first analysis undertaken for a nationally representative group of UK firms on the determinants of exit from exporting, using panel data covering all market-based sectors of the UK during 1997–2003. Our findings suggest that the probability of a firm ceasing to export is directly influenced by its productivity and other attributes associated with firm-level productivity differences (such as size and foreign ownership). Micro-finance factors, such as profitability and the ability to finance through long-term debt, play an additional role. Lastly, sectoral differences (e.g. industrial concentration) also help explain the firm’s exit decision, whilst trade costs lead to a higher pro...
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::5d8e21322665638588f2f5b9e35ce3c0 https://doi.org/10.1080/13571516.2011.618611 Zobrazit plný text záznamu