Exports and profitability: a note from quantile regression approach

Vu, Ho; Holmes, Mark J.; Lim, Steven; Tran, Tuyen Quang

doi:10.1080/13504851.2013.866197

Cited by 39 publications

(30 citation statements)

References 11 publications

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“…Hence, firm credit constraints are controlled for in the model using a dummy variable. In addition to these variables, we also control for the location of firms, sectors, and kinds of ownership based on the fact that the behaviour of SMEs are much different among these factors (Rand & Torm, 2011;Vu, Holmes, Lim, & Tran, 2014).…”

Section: Model Specification Of Self-selection Effectmentioning

confidence: 99%

Firm exporting and productivity: what if productivity is no longer a black box

Holmes

Tran

et al. 2016

Baltic Journal of Economics

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This paper uses Vietnamese firm-level data to examine the relationship between firm productivity and exporting. In particular, this paper shows that more productive firms are more likely than less productive firms to export, consistent with the extensive prior literature. However, this paper finds no evidence that exporting affects productivity, which can be decomposed into technical efficiency change, technological progress, and scale change. Thus, the findings support a large role of self-selection in accounting for export decision, but little gain from learning-by-exporting in the case of Vietnamese Small medium sized enterprises (SMEs). These findings imply that export promotion policies may not be effective unless accompanied by strategies to help SMEs become more productive. ARTICLE HISTORY

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Section: Model Specification Of Self-selection Effectmentioning

confidence: 99%

Firm exporting and productivity: what if productivity is no longer a black box

Holmes

Tran

et al. 2016

Baltic Journal of Economics

Self Cite

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“…This study distinguishes from others in the literature by its analysis of how both export and import data affect businesses' financial statements. Qian and Li (2003), Qian, Yang, and Wang (2003), Kuivalainen and Sundqvist (2008), Kongmanila and Takahashi (2009), Kneller and Pisu (2010), Fryges, and Wagner (2010), Abor (2011), Wyrobek (2013), Okuyan (2013), and Vu, Holmes, Lim, and Tran (2014) argued for a positive relationship between export and profitability. However, no connection is found between profitability and export in the studies of Shaked (1986), Girma, Gorg, and Strobl (2004), Vogel and Wagner (2010), Grazzi (2012), and Temouri, Vogel, and Wagner (2013).…”

Section: Introductionmentioning

confidence: 99%

The Effect of International Trading Activities of Firms on Their Financial Structure

Esen

Şimdi²,

Ergüzel³

2016

IBR

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This study aims to find out the impacts of international trading activities of firms on the their capital structure and profitability by using panel data analysis of the manufacturing companies listed in Istanbul Stock Exchange (ISE) for the period of 2009-2014. For this purpose we analyzed 107 manufacturing firms that declared international trade and financial data figures. We observed an inverse effect of import level on the long-term debt ratio and the negative impact of export level on the profitability. Every one-unit increase in import ratio decreases long term debt ratio by 0.0764, and every one-unit increase in export ratio decreases profitability by 0.0517. According to empirical findings there is no effect of import level on the short-term debt ratio, shareholder equity ratio and profitability. At the same time there is no effect of export level on the long term debt ratio, short term debt ratio and shareholder equity ratio.

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“…For firms with low employment growth in the 10 th percentile, these advantages are possibly offset by costs relating to trading activities in overseas markets, such as entry and advertisement costs. These results can be explained by the fact that traders in low percentiles have a negative association with firms' profit growth because the advantages of international traders are possibly offset by costs such as entry costs and advertisement costs in foreign markets (Vu et al 2014). Hence, these firms cannot increase production and output, and this, in turn, reduces the employment.…”

Section: A the Impact Of International Trade On Firm-level Employmentmentioning

confidence: 86%

“…In addition, using the OLS or the least absolute deviation approach only accounts for the marginal effects of the covariates on the conditional mean (median) function of firm employment. Such regressions sidestep the potentially heterogeneous structure of the variables in conditional distribution (Vu, Holmes, Lim, and Tran 2014). In addition, the results from the quantile approach are robust to the presence of outliers (Kizhakethalackal et al 2013).…”

Section: Introductionmentioning

confidence: 87%

International Trade and Employment: A Quantile Regression Approach

Tran

2017

Journal of Economic Integration

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Existing studies on the relationship between international trade and manufacturing employment often use a mean regression approach and focus mainly on developed countries. Few studies have applied a quantile regression approach to examine this relationship in developing countries. To fill the gap, this study considers, for the first time, the impact of rising international trade on employment in a developing country, Vietnam. Using an unbalanced panel dataset for the 2010~2015 period, we find a positive linkage between international trade and firm employment when ordinary least square is used. However, by using a fixed-effect quantile approach, we find that international trade is negatively linked with employment for firms in the low employment percentile but positively related with firms in the high employment percentile. Our results also show that previous studies at the national or industry level may have produced biased results by not controlling for the heterogeneity of firm characteristics. JEL Classifications: F1, F14

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Exports and profitability: a note from quantile regression approach

Cited by 39 publications

References 11 publications

Firm exporting and productivity: what if productivity is no longer a black box

Firm exporting and productivity: what if productivity is no longer a black box

The Effect of International Trading Activities of Firms on Their Financial Structure

International Trade and Employment: A Quantile Regression Approach

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