Improving firm survival: exports or outward foreign direct investment?
Firm survival matters not only for the development of firms, but also for industrial development and macro-economic growth. This paper aims to explore a far less studied issue: the impact of exports and outward foreign direct investment (OFDI) on firm survival. First, this research explores the impa...
| Publicado en: | Post-Communist Economies Vol. 32; no. 5; pp. 675 - 697 |
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| Autores principales: | , |
| Formato: | Artículo |
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Taylor & Francis Ltd
Jun2020
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=144473356&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 144473356 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 14631377 53T jtl: Post-Communist Economies issn: 14631377 maglogo: N pubinfo: dt: Jun2020 vid: 32 iid: 5 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 144473356 10.1080/14631377.2019.1678097 ppf: 675 ppct: 22 formats: tig: atl: Improving firm survival: exports or outward foreign direct investment? aug: au: Dai, Meihong Li, Ben affil: Economics School, Dongbei University of Finance and Economics, Dalian City, Liaoning Province, China Jiangsu Institute for Industrial Development Studies, Nanjing University of Finance and Economics, Nanjing City, Jiangsu Province, China su: China Industrialization Foreign investments Propensity score matching Exports sug: subj: Industrialization China Administration of General Economic Programs International Trade Financing Foreign investments Propensity score matching Exports keyword: exports Firm outward foreign direct investment survival exports Firm outward foreign direct investment survival ab: Firm survival matters not only for the development of firms, but also for industrial development and macro-economic growth. This paper aims to explore a far less studied issue: the impact of exports and outward foreign direct investment (OFDI) on firm survival. First, this research explores the impact of pure-exports, pure-OFDI and mixed trade on firm survival based on a heterogeneous firm model with dynamic conditions. Second, this research demonstrates the theoretical hypothesis by employing micro-data from China and the multiple propensity score matching method. The results indicate that both exports and OFDI help improve firm survival, though the impact of pure-OFDI is larger. This conclusion is robust across different matching algorithms, research periods and empirical methods. The heterogeneous analysis indicates that the 'exports/OFDI–firm survival' relationship varies across both firm and economic characteristics. This research aims to guide firms' optimal method of internationalisation and provide suggestions for the development of a new opening-up pattern. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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