| Publikationstyp: | Beitrag in wissenschaftlicher Zeitschrift |
| Art der Begutachtung: | Peer review (Publikation) |
| Titel: | Credit market institutions and firm imports of capital goods : evidence from developing countries |
| Autor/-in: | Fauceglia, Dario |
| DOI: | 10.1016/j.jce.2015.03.007 |
| Erschienen in: | Journal of Comparative Economics |
| Band(Heft): | 43 |
| Heft: | 4 |
| Seite(n): | 902 |
| Seiten bis: | 918 |
| Erscheinungsdatum: | 2015 |
| Verlag / Hrsg. Institution: | Elsevier |
| ISSN: | 0147-5967 1095-7227 |
| Sprache: | Deutsch |
| Schlagwörter: | Capital goods imports; Institutions; International trade; Credit constraints; Financial development |
| Fachgebiet (DDC): | 337: Weltwirtschaft und Handel |
| Zusammenfassung: | 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 |
| Volltext Version: | Publizierte Version |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Departement: | School of Management and Law |
| Organisationseinheit: | Zentrum für Arbeitsmärkte, Digitalisierung und Regionalökonomie (CLDR) |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
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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.
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