Does export intensity of heterogeneous firms affect leverage? Evidence from a small open economy
dc.authorid | Ramzan, Imran/0000-0003-0012-1657 | |
dc.authorscopusid | 57226892240 | |
dc.authorscopusid | 8849861700 | |
dc.authorwosid | Ramzan, Imran/JZE-1765-2024 | |
dc.contributor.author | Ramzan, Imran | |
dc.contributor.author | Gebizlioglu, Omer Lutfi | |
dc.date.accessioned | 2024-06-23T21:37:18Z | |
dc.date.available | 2024-06-23T21:37:18Z | |
dc.date.issued | 2023 | |
dc.department | Kadir Has University | en_US |
dc.department-temp | [Ramzan, Imran] Univ Cent Punjab, Fac Management Sci, Lahore, Pakistan; [Gebizlioglu, Omer Lutfi] Kadir Has Univ, Dept Int Trade & Finance, Istanbul, Turkiye | en_US |
dc.description | Ramzan, Imran/0000-0003-0012-1657 | en_US |
dc.description.abstract | Exports at firm level improve the financial performance and contribute to economic growth. Exporting activities can require additional financing and pose a challenge to manufacturing firms, affecting their managerial financing decisions. This study explores the impact of export intensity on leverage using a dataset of manufacturing firms. The results of two-step system GMM reveal that export intensity has a negative influence on leverage. We find that a firm size positively impacts leverage, while cash holding has a negative connection with leverage. Fi-nally, we note that board size exhibits a positive relationship with leverage. These findings suggest important policy implications for export promotion, specifically for a small open econ-omy. The results are robust to different sensitivity checks. | en_US |
dc.identifier.citation | 0 | |
dc.identifier.doi | 10.17811/ebl.12.4.2023.356-365 | |
dc.identifier.endpage | 365 | en_US |
dc.identifier.issn | 2254-4380 | |
dc.identifier.issue | 4 | en_US |
dc.identifier.scopus | 2-s2.0-85179682197 | |
dc.identifier.scopusquality | Q3 | |
dc.identifier.startpage | 356 | en_US |
dc.identifier.uri | https://doi.org/10.17811/ebl.12.4.2023.356-365 | |
dc.identifier.uri | https://hdl.handle.net/20.500.12469/5712 | |
dc.identifier.volume | 12 | en_US |
dc.identifier.wos | WOS:001126703200004 | |
dc.identifier.wosquality | N/A | |
dc.language.iso | en | en_US |
dc.publisher | Univ Oviedo | en_US |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.rights | info:eu-repo/semantics/openAccess | en_US |
dc.subject | Leverage | en_US |
dc.subject | Export intensity | en_US |
dc.subject | Financial policy | en_US |
dc.subject | GMM | en_US |
dc.title | Does export intensity of heterogeneous firms affect leverage? Evidence from a small open economy | en_US |
dc.type | Article | en_US |
dspace.entity.type | Publication |