Does a “survival-by-exporting” effect for SMEs exist?

Esteve‐Pérez, Silviano; Máñez, Juan A.; Sanchís, Juan

doi:10.1007/s10663-007-9052-1

Cited by 37 publications

(26 citation statements)

References 58 publications

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“…A high level of innovative activity in an industry may make entry more risky; consequently, the effect on new firm survival should be negative (Audretsch 1991). The chance of survival may, however, depend on a firm's ability to develop specific capabilities, which can be improved by investing in R&D (Esteve-Perez et al 2008). Due to these contradicting effects and empirical results, business survival in science based Pavitt clusters (pavitt_1, pavitt_2, pavitt_3) and in high tech classes (tech1_2) (OCSE taxonomy), where there are more R&D-intensive industries, is also a priori unclear.…”

Section: The Variables and The Expected Signmentioning

confidence: 99%

Agglomeration economies in Italy: impact on heterogeneous firms’ exit in a multilevel framework

Ferragina

Mazzotta

2015

Econ Polit Ind

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The purpose of this contribution is to shed light on the role of agglomeration economies as drivers of firm exit in Italy over the period 2002-2010. The analysis is based on a firm level dataset that merges firm characteristics with administrative data, allowing us to consider variables related to the geographical context at the province level. We attempt to address a missing link in agglomeration studies: the analysis of the relationship between agglomeration economies and individual firm performance. To take the multidimensional structure of the data into account, in addition to multivariate logit discrete models, we apply a Multilevel Analysis, which allows us to simultaneously model spatial and firm heterogeneity. Our results for the overall sample show that higher specialization (non-linearly) and diversification economies (within industries) play an important role in lowering firm exit risk, while district specialization increases the probability of firm failure. In order to further explore firm heterogeneity, we also compare the exit behaviour of multinational and national firms to check whether they have different agglomeration premia. The multilevel analysis suggests that national firms benefit from specialization and diversification economies but are more at risk of exit in urban areas and industrial districts. By contrast, foreign multinationals have higher agglomeration premia than Italian firms in urban and in district areas but do not benefit from specialization economies. In addition to this, the region and province variance explain only up to 4 % of the total variance in the exit rates, leaving most of the explanatory power to unobserved firm heterogeneity. This confirms the importance of carrying out a firm level analysis of exit performances and geographical factors.

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Section: The Variables and The Expected Signmentioning

confidence: 99%

Agglomeration economies in Italy: impact on heterogeneous firms’ exit in a multilevel framework

Ferragina

Mazzotta

2015

Econ Polit Ind

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“…However, until the work of Besedeš and Prusa (2006a), less attention has been paid to the study of the risk of exit of exporters. In addition, Esteve-Pérez et al (2008) showed that firms involved in exporting activities face significantly lower probability of failure than non-exporters. Firms enter and exit foreign markets as well as domestic markets.…”

Section: Introductionmentioning

confidence: 99%

“…Brenton et al (2009) also suggested that low exporter survival rates undermined the expansion of export flows from developing countries. In addition, Esteve-Pérez et al (2008) showed that firms involved in exporting activities face significantly lower probability of failure than non-exporters. It is important, therefore, to understand not only the determinants of export entry but also the factors that make new exports sustainable.…”

Section: Introductionmentioning

confidence: 99%

Export survival pattern and its determinants: an empirical study ofChinese manufacturing firms

2014

Asian-Pac Economic Lit

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While empirical studies of export entry have proliferated, less attention has been devoted to the study of export survival in foreign markets. This paper explores the patterns and determinants of export survival using data on Chinese manufacturing firms for the period 1998–2007. The analytical methods used include non‐parametric techniques and the estimation of a discrete‐time duration model. Our results show the high probability of exit of exporters at the start of the period. We also find that large, highly productive and more export‐oriented firms are more likely to export for a longer period. In addition, foreign ownership is found to be an important determinant of export survival, while state ownership increases the risk of export failure.

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“…While import competition, especially from low-wage countries is generally seen as a driver of plant exit, a new series of studies complicate the links between globalization and firm survival. Thus, plants that export are typically found to be less susceptible to exit than those that do not export (Esteve-Perez et al 2008;Greenaway et al 2008;Gorg and Spaliara 2010). In a different twist, Lopez (2006) shows that plants that import intermediate inputs have a higher probability of survival.…”

Section: Literature Overviewmentioning

confidence: 99%

Plant exit and U.S. imports from low-wage countries

Rigby

Kemeny

Cooke

2017

International Economics

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Over the past twenty years, imports to the U.S. from low-wage countries have increased dramatically. In this paper we examine how low-wage country import competition in the U.S. influences the probability of manufacturing establishment closure. Confidential data from the U.S. Bureau of the Census are used to track all manufacturing establishments between 1992 and 2007. These data are linked to measures of import competition built from individual trade transactions. Controlling for a variety of plant and firm covariates, we show that low-wage import competition has played a significant role in manufacturing plant exit. Analysis employs fixed effects panel models running across three periods: the first plant-level panels examining trade and exit for the U.S. economy. Our results appear robust to concerns regarding endogeneity.

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Does a “survival-by-exporting” effect for SMEs exist?

Cited by 37 publications

References 58 publications

Agglomeration economies in Italy: impact on heterogeneous firms’ exit in a multilevel framework

Agglomeration economies in Italy: impact on heterogeneous firms’ exit in a multilevel framework

Export survival pattern and its determinants: an empirical study ofChinese manufacturing firms

Plant exit and U.S. imports from low-wage countries

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