Leverage, corporate governance, and export intensity of heterogeneous firms: micro-level evidence for Pakistan
No Thumbnail Available
Date
2022
Authors
Ramzan, Imran
Journal Title
Journal ISSN
Volume Title
Publisher
Routledge Journals, Taylor & Francis Ltd
Open Access Color
OpenAIRE Downloads
OpenAIRE Views
Abstract
This study attempts to analyse the impact of leverage and corporate governance on export intensity of manufacturing firms quoted on Pakistan stock exchange for period 2013-2019. The results of a two-step system GMM method show that leverage has a negative relationship to export intensity. We find evidence that a firm's age negatively impacts the export sales to total sales ratio, while profitability has a positive connection with it. Finally, we note that board size exhibits a negative relationship with export intensity. These findings suggest important policy implications for export promotion, specifically for a small-open economy.
Description
ORCID
Keywords
Performance, Leverage, corporate governance, heterogeneous firms, Impact, export intensity, F23, Performance, G32, Impact, G38
Turkish CoHE Thesis Center URL
Fields of Science
Citation
1
WoS Q
Q3
Scopus Q
Q3
Source
Applied Economics Letters