Does export intensity of heterogeneous firms affect leverage? Evidence from a small open economy

dc.authoridRamzan, Imran/0000-0003-0012-1657
dc.authorscopusid57226892240
dc.authorscopusid8849861700
dc.authorwosidRamzan, Imran/JZE-1765-2024
dc.contributor.authorRamzan, Imran
dc.contributor.authorGebizlioglu, Omer Lutfi
dc.date.accessioned2024-06-23T21:37:18Z
dc.date.available2024-06-23T21:37:18Z
dc.date.issued2023
dc.departmentKadir Has Universityen_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, Turkiyeen_US
dc.descriptionRamzan, Imran/0000-0003-0012-1657en_US
dc.description.abstractExports 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.citation0
dc.identifier.doi10.17811/ebl.12.4.2023.356-365
dc.identifier.endpage365en_US
dc.identifier.issn2254-4380
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85179682197
dc.identifier.scopusqualityQ3
dc.identifier.startpage356en_US
dc.identifier.urihttps://doi.org/10.17811/ebl.12.4.2023.356-365
dc.identifier.urihttps://hdl.handle.net/20.500.12469/5712
dc.identifier.volume12en_US
dc.identifier.wosWOS:001126703200004
dc.identifier.wosqualityN/A
dc.language.isoenen_US
dc.publisherUniv Oviedoen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectLeverageen_US
dc.subjectExport intensityen_US
dc.subjectFinancial policyen_US
dc.subjectGMMen_US
dc.titleDoes export intensity of heterogeneous firms affect leverage? Evidence from a small open economyen_US
dc.typeArticleen_US
dspace.entity.typePublication

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