Credit constraints and margins of import: first evidence for German manufacturing enterprises

Research output: Journal contributionsJournal articlesResearchpeer-review

Authors

This study uses tailor-made enterprise-level data for 2008–2010 from various sources for firms from manufacturing industries to test for the link between credit constraints, measured by a credit rating score provided by a leading credit rating agency, and imports in Germany for the first time. We find empirical evidence that a better credit rating score is positively related to extensive margins of import – firms with a better score have a higher probability to import, they import more goods and they source from more countries of origin. The intensive margin of imports – the share of imports in total sales – is found not to be related to credit constraints.
Original languageEnglish
JournalApplied Economics
Volume47
Issue number5
Pages (from-to)415-430
Number of pages16
ISSN0003-6846
DOIs
Publication statusPublished - 26.01.2015

    Research areas

  • Economics
  • credit constraints, Germany, imports

Recently viewed

Publications

  1. The necessity and proportionality of anti-terrorist self-defence
  2. Illegal Migration in Postfordism
  3. Technikvergessenheit?
  4. MindMatters
  5. A Privacy-driven Enterprise Architecture Meta-Model for Supporting Compliance with the General Data Protection Regulation
  6. The use of player physical and technical skill match activity profiles to predict position in the Australian Football League draft
  7. Imagined Networks: Race, Digital Media and the University
  8. Adjust for Windows – Version 1.1
  9. Zinc and cadmium accumulation in single zebrafish (Danio rerio) embryos - A total reflection X-ray fluorescence spectrometry application
  10. Automated Delivery
  11. Guest editorial
  12. Team Emotions and Team Learning
  13. Conceptualizing sustainable consumption
  14. Acknowledging temporal diversity in sustainability transformations at the nexus of interconnected systems
  15. Acceleration as process
  16. The role of tree crown on the performance of trees at individual and community levels
  17. Die Transformation des Humanen
  18. Numerical study of electrode vaporization rates in an Automotive HVDC Relay in hydrogen and open air in a short circuit situation
  19. Intrinsic, instrumental and relational values behind nature’s contributions to people preferences of nature visitors in Germany
  20. Assessing Collaborative Conservation
  21. Hot rolling and deep drawing of AM50 sheet
  22. Schulleitungsmonitor Schweiz 2022
  23. Why protect nature? Rethinking values and the environment
  24. Deciphering Sustainable Consumption: Understanding Motives and Heuristic Cues in the Context of Personal Care Products
  25. Reference wages and turnover intentions