Why Liquidity Matters to the Export Decision of the Firm

Under financial constraints, exporting may have less to do with productivity and more to do with financial resources. The established relationship between exporting and productivity would differ when examined through the lens of the working capital...

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Bibliographic Details
Main Author:	Chan, Rosanna
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO CREDIT ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNTING ACCOUNTS RECEIVABLE AGGREGATE DEMAND ALLOCATION OF CREDIT AMOUNT OF CREDIT AVERAGE PRODUCTIVITY BINDING CONSTRAINT BOND BONDS BORROWING BORROWING REQUIREMENT BUDGET CONSTRAINT CASH ON HAND CD COLLATERAL COMMERCIAL BANKS COMPARATIVE ADVANTAGE CREDIT CARDS CREDIT CONSTRAINTS CREDIT LINE CREDIT LINES CURRENT ASSETS DEBT DEVELOPING COUNTRIES DEVELOPMENT POLICY DISCOUNT RATE DOMESTIC MARKET DOMESTIC MARKETS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EQUILIBRIUM MODELS EXCHANGE RATE EXPORTER EXPORTERS EXPORTS EXTERNAL BORROWING EXTRA WORKING CAPITAL FINANCES FINANCIAL ACCESS FINANCIAL CRISIS FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL STRUCTURE FINANCIAL SYSTEMS FINANCING NEEDS FIXED COST FIXED COSTS FOREIGN MARKETS FOREIGN-OWNED COMMERCIAL BANKS FUTURE RESEARCH GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODELS GLOBAL TRADE GOVERNMENT SUBSIDIES HOLDINGS HOUSEHOLD SAVINGS INFORMAL LENDERS INPUT PRICE INTEREST RATE INTEREST RATES INTERNAL FINANCE INTERNAL FINANCING INTERNAL FUNDS INTERNATIONAL BANK INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL MARKETS INTERNATIONAL SALES INTERNATIONAL TRADE INVENTORIES INVESTING INVESTMENT CLIMATE LENDERS LETTERS OF CREDIT LINE OF CREDIT LIQUIDITY LIQUIDITY CONSTRAINTS LOAN MARGINAL COST MARGINAL VALUE MONEY LENDER MONOPOLISTIC COMPETITION MOTIVATION OPPORTUNITY COST OPTIMIZATION OVERDRAFT OVERDRAFT FACILITIES OVERDRAFT FACILITY PHYSICAL CAPITAL POSITIVE COEFFICIENT PRESENT VALUE PRICE LEVELS PRODUCTION COSTS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PRODUCTIVITY INCREASES RATE OF RETURN RECEIPT RETAINED EARNINGS RETURNS SALES REVENUE SAVINGS SHORT-TERM DEBT SKILLED LABOR TERM CREDIT TOTAL COSTS TOTAL FACTOR PRODUCTIVITY TRADE CREDIT TRADE LIBERALIZATION TRANSACTION TRANSACTION COSTS TRANSPORT TURNOVER UNSKILLED LABOR VARIABLE COSTS WAGES WARRANTS WEALTH WORKING CAPITAL WTO
Online Access:	http://documents.worldbank.org/curated/en/2014/04/19404022/liquidity-matters-export-decision-firm http://hdl.handle.net/10986/18331

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http://documents.worldbank.org/curated/en/2014/04/19404022/liquidity-matters-export-decision-firm
http://hdl.handle.net/10986/18331

Why Liquidity Matters to the Export Decision of the Firm

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