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
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
Keywords
Performance, Leverage, corporate governance, heterogeneous firms, Impact, export intensity, F23, Performance, G32, Impact, G38
Turkish CoHE Thesis Center URL
Citation
1
WoS Q
Q3
Scopus Q
Q3
Source
Applied Economics Letters